Banking stocks like ICICI Bank, SBI, HDFC Bank were trading with gains of up to 3% on Tuesday, taking the Nifty Bank index higher by 2% to cross 49,000-mark for the first time in two weeks. ICICI Bank shares were among the top gainers on the Nifty Bank index, climbing nearly 3% to hit a […]
ICICI Bank, HDFC Bank, Shriram Finance, and MMFSL among top picks: Motilal Oswal Financial Services – CNBC TV18
Nitin Aggarwal, Head of BFSI Research at Institutional Equities, Motilal Oswal Financial Services, prefers large banks like ICICI Bank and HDFC Bank, along with NBFCs such as Shriram Finance and Mahindra & Mahindra Financial Services Limited (MMFSL). Aggarwal believes these large banks are navigating the current phase of the cycle more effectively, with the impact […]
Trade Setup for February 18: Nifty remains in sell-on-rise mode unless it crosses 23,150 – CNBC TV18
The Nifty50 index finally snapped its eight-session losing streak, led by a strong recovery in banking stocks. After hitting early morning lows, the index staged an impressive recovery of nearly 250 points, demonstrating resilience. The anticipated support band of 22,750-22,800 worked out well, and analysts’ view of recovery from this support level was vindicated. Company […]
Devina Mehra’s thumb rule to spot market froth – CNBC TV18
Devina Mehra, Founder, Chairperson, and Managing Director of First Global, shared a simple way to identify frothy areas in the stock market. Company Value Change %Change “One easy thumb rule is to look at the areas where the new fund offerings are coming because that’s normally when that theme has matured and is close to […]
Dhanlaxmi Bank Q2 net profit climbs 11.4% to ₹25.8 crore, shares surge nearly 6% – CNBC TV18
Dhanlaxmi Bank Ltd announced its financial results for the quarter and half-year ended September 30, 2024, showcasing a notable turnaround. The private sector bank reported a net profit of ₹25.8 crore for the second quarter, contrasting sharply with a net loss of ₹8 crore in the preceding quarter. On a year-on-year basis, this represents an […]