Shares of telecom service provider Vodafone Idea Ltd. will be in focus on Thursday, April 23, after another positive development with regards to its subscriber data. Vodafone Idea added a net of 1.03 lakh users during the month of March, compared to the 21,927 users that it added in the month of February. This is…
India’s banking sector is likely to see a moderation in credit growth in 2026–27, even as overall expansion remains steady and asset quality stays broadly stable, according to a report by ICRA. The agency has projected bank credit growth at 11.0–11.7% in 2026–27, down from a high 15.9% estimated for 2025–26, but still above the…
The Indian rupee opened at 94 against the US dollar on Thursday (April 23), weakening by 20 paise compared with Wednesday’s (April 22’s) close of 93.80. The currency has declined nearly 1% so far this week and has moved away from recent highs of around 92.50 per dollar, levels it had reached following support measures…
Shares of Fujiyama Power Systems Ltd. are trading with gains of up to 4% after brokerage firm Motilal Oswal initiated coverage on the stock, in its latest note on Thursday, April 23. Motilal Oswal initiated coverage with a ‘Buy’ rating and a price target of ₹340 per share, which implies a potential upside of 31%…
Shares of Dixon Technologies (India) Ltd. were trading around 2% lower on Thursday, April 23, after brokerage firm UBS cut its target price on the stock by 33%. UBS has maintained a ‘Buy’ rating but reduced its price target to ₹13,800 from ₹20,600 earlier. The revised target still implies an upside of about 23% from…
Shares of Jio Financial Services Ltd. are trading 3% higher on Thursday, April 23, after the company announced a 50:50 joint venture with Allianz to enter the general insurance business. The proposed general insurance venture, which will offer health as well as other general insurance products, will commence operations subject to regulatory approvals. The company…
Larsen and Toubro (L&T) Ltd. saw its shares rise on Thursday, April 23 in a volatile market, after the infrastructure conglomerate said that its buildings and factories business vertical has won multiple orders worth up to ₹2,500 crore. L&T classifies orders in the ₹1,000 crore to ₹2,500 crore range as “significant” orders. L&T said it…
Shares of Havells India Ltd. are the worst performers on the Nifty 500 index on Thursday, April 23, after some cautious management commentary after its March quarter results prompted at least three analysts to downgrade the stock. Despite the downgrades, 29 out of the 39 analysts who cover the stock have a “buy” rating, while…
Shares of GE Vernova T&D Ltd., the second-best performing stock on the Nifty Midcap index in 2026 so far, are up another 9% on Thursday, April 23, after the company’s parent, GE Vernova, reported strong results and raised guidance across the board on Wednesday. The US-listed shares of the parent company had risen 14% in…
Global capital is likely to continue favouring the United States despite growth opportunities in emerging markets, says William Lee, Chief Economist and Managing Director at Global Economic Advisors. “Capital will always flow to where it’s most productive, and so far, it’s been in the advanced economies,” he said, adding that investors continue to prefer markets…
