The Federal Bank and Jana Small Finance Bank (SFB) deal is in its final stages and may be announced soon, people in the know told CNBC-TV18. Federal Bank is set to acquire controlling stake in Jana SFB, sources said. The Jana SFB promoter is likely to sell 16.9% stake to Federal Bank, sources added. The…
Vinit Sambre, Head of Equities at DSP Mutual Fund, expects Indian equities to remain in a consolidation phase for the next six months as rising bond yields, higher oil prices and food inflation weigh on market sentiment. He said a visible recovery in corporate earnings will be the key trigger for the market to improve….
Shares of Indegene Ltd. were trading higher on Friday, September 25, after brokerage firm Motilal Oswal upgraded the stock to ‘Buy’ from ‘Neutral’ and set a price target of ₹708 per share. Motilal Oswal said Indegene is well placed to benefit from rising demand for outsourced services and strengthen its strategic role with life sciences…
Brokerages stepped up coverage on several stocks this week, with fresh calls spanning retail broking, healthcare services, e-commerce and capital mark…Read More 1/8 New calls on Groww, Sagility, Meesho, NSE and more | Brokerages stepped up coverage on several stocks this week, with fresh calls spanning retail broking, healthcare services, e-commerce and capital markets. From…
Shares of Cartrade Tech Ltd. declined from the day’s high on Friday, September 25, even as brokerages are positive on the stock and see up to 33% upside. Brokerages Nomura and UBS have “buy” ratings each on Cartrade Tech shares. Nomura The brokerage has a “buy” rating and a target price of ₹3,340 per share….
Coal India Ltd. shares traded with gains on Friday, September 25, as brokerage firm Jefferies projected an 18.5% upside on the stock. Jefferies maintained its “buy” recommendation on Coal India with a target price of ₹500 per share. The brokerage in its note said coal stocks at power plants have dropped to just seven days…
Shares of Oracle Financial Services Software (OFSS) fell more than 5% on Friday, September 25, amid concerns around potential delays to a large data centre project being developed for parent company Oracle. The pressure on OFSS comes after Oracle Corp issued a “force majeure” notice to a Blue Owl unit developing a large data centre…
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Shares of Ola Electric Mobility Ltd. were trading up to 9% lower on Friday, September 25, reversing after a four-session rally. The decline comes after Ola Electric announced earlier this week that its board will meet on September 28 to consider a proposal to raise funds through a rights issue of equity shares, subject to…
Natco Pharma Ltd. has approved raising up to ₹1,279 crore through a rights issue at the conclusion of its board meeting on Friday, September 25. Only eligible shareholders of the company as on the record date will be eligible to apply for the rights issue of shares. Shares currently carry a face value of ₹2…
