Stock market recommendations: According to Motilal Oswal Financial Services Ltd, the top stock picks for the week (starting January 20, 2025) are Shriram Finance and Bharat Electronics. Let’s take a look: Stock Name Rating CMP (Rs) Target (Rs) Upside (%) Shriram Finance Buy 527 700 33% BEL Buy 282 360 28% Shriram Finance:Shriram Finance’s diversified…
Bernstein maintained its ‘outperform’ call on Infosys with a target price of Rs 2,330 (+28%). Analysts said that during the Oct-Dec quarter, the company delivered another all-round beat across revenue, margin and earnings. Also, FY25 revenue growth guide was raised by 60 basis points to 4.5-5% ahead of street estimates. They continue to see upcycle…
BENGALURU: India’s $254-billion IT sector has witnessed a structural shift in its operational model while navigating evolving technological landscapes. This demonstrated a departure from the conventional barometer of relying on headcount-linked growth as low-to-medium complexity tasks get automated.In the Dec quarter, the top five Indian IT firms saw a collective net headcount reduction, which stood…
Donald Trump (File photo) NEW DELHI: Corporate earnings from blue chips like HDFC Bank, ICICI Bank, Donald Trump’s swearing-in as the US President, and trading activity of foreign investors are the key factors to drive equity markets this week, analysts said.Trump will be sworn in as the US president for a second term on Monday….
NEW DELHI: India’s current economic environment is conducive for private investments with the country emerging as a “bright spot” amid the challenging global environment, a CII survey showed. Results revealed that 97% of the firms may increase employment in 2024-25 and 2025-26. In fact, 79% firms said they added more people over the past three…
NEW DELHI: India’s foreign exchange reserves have dropped for the sixth straight week, reaching a ten-month low of $625.87 billion as of 10 January, according to data from the Reserve Bank of India (RBI). This marks a decline of $8.72 billion against the previous week, continuing the slump from the all-time high of $704.89 billion…
NEW DELHI: A recent survey conducted by the Confederation of Indian Industry (CII) reveals an optimistic outlook for the Indian economy, with 75 per cent of the companies believing the present environment is conducive to private investments. This positive sentiment persists despite continuous challenges posed by geopolitical uncertainties and disrupted supply chains. With 70 per…
NEW DELHI: State-owned Punjab and Sind Bank plans to raise Rs 2,000 crore through Qualified Institutional Placement (QIP) during the ongoing quarter, a top official of the bank said. The bank has already appointed merchant bankers and legal advisers for the proposed QIP, Punjab & Sind Bank managing director and CEO Swarup Kumar Saha told…
NEW DELHI: The combined market valuation of six of the top 10 valued domestic firms eroded by Rs 1.71 lakh crore last week, with IT majors Infosys and Tata Consultancy Services taking the biggest hit. Last week, the BSE benchmark lost 759.58 points or 0.98 per cent, and the Nifty declined by 228.3 points or…
