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Raja Venkatraman, MarketSmith recommend five stocks for 20 March
On March 19, Nifty 50 and Sensex dropped over 3% due to HDFC Bank chairman's resignation and rising crude oil prices. Analysts recommend buying Ipca Laboratories, Great Eastern Shipping, Colgate Palmolive, Glenmark Pharmaceuticals, and Power Finance Corporation amid market volatility.
Stocks to buy in 2026 for long term: Metro Brands Ujjivan Small Finance Bank among 5 stocks that could give 10-40% return
We have collated a list of recommendations from top brokerage firms from ETNow and other sources:
HDFC Bank 'a strong institution with strong fundamentals': FinMin official
HDFC Bank Chairman Atanu Chakraborty has resigned due to ethical concerns. The Finance Ministry and Reserve Bank of India have stated the bank is strong with sound fundamentals. Keki Mistry has been appointed interim chairman. Chakraborty cited personal values and ethics for his decision. The bank's merger with HDFC Ltd created a large financial entity.
Stock Market Crash: Biggest single-day Nifty fall in 21 months wipes out ₹13 lakh crore market cap
10 stocks on the Nifty 50 are now trading at 52-week lows, led by Bajaj Finance, HDFC Bank, Bajaj Finserv, HUL and Cipla.
Iran war going beyond four weeks from now could trigger global recession: Neelkanth Mishra
Neelkanth Mishra, Head of Global Research at Axis Capital and Chief Economist at Axis Bank, says the Iran conflict is a major macro risk for India given its heavy dependence on energy imports. A prolonged disruption could wipe out around 7% of global energy supply and raise the risk of a global recession if it lasts beyond four weeks. While the impact on growth, inflation and currency may be one-time, supply shocks and second-order effects could worsen. Markets may need to panic before a resolution emerges. Axis Bank stock was trading at ₹1,221 at 9:37 am on the NSE, up over 16% in the past year.
Manappuram Finance shares in focus as RBI clears Bain Capital deal
Manappuram Finance and Bain Capital are aiming to complete the capital infusion before March 31, 2026.
Stocks in news: Manappuram Finance, Kotak Bank, Nazara Technologies, United Breweries
Indian markets continued their recovery for a third straight session, with Nifty approaching the 23,800-24,000 resistance zone. Key stocks like Manappuram Finance, Kotak Bank, Nazara Technologies, and United Breweries are in focus due to significant corporate developments, including acquisitions, licensing agreements, and environmental clearances.
RBI Grants Approvals To Bain Capital For Joint Control Of Manappuram Finance, Subsidiaries
Pursuant to the proposed transaction and completion of the open offer, Bain Capital will be classified as a promoter of Manappuram Finance and will jointly control the company along with the existing promoters.
Centrum Group sells housing finance arm to Weaver Services
Centrum Group has sold its housing finance subsidiary, Centrum Housing Finance. Weaver Services, backed by Premji Invest, acquired a 75% stake. This deal was completed after receiving regulatory approval. Weaver Services also raised Rs 950 crore to fund this acquisition. The capital raise totaled Rs 1,450 crore. Lightspeed Venture Partners co-led the recent funding round.
Centrum Group sells housing finance arm to Weaver Services
Centrum Group has sold its housing finance subsidiary, Centrum Housing Finance. Weaver Services, backed by Premji Invest, acquired a 75% stake. This deal was completed after receiving regulatory approval. Weaver Services also raised Rs 950 crore to fund this acquisition. The capital raise totaled Rs 1,450 crore. Lightspeed Venture Partners co-led the recent funding round.
GNG Electronics expands DBS credit line to ₹800 crore to boost working capital
GNG Electronics signed a supplemental working capital agreement with DBS Bank India, raising its credit facility to ₹800 crore to support growing needs.
Manappuram Finance units get RBI nod for indirect change in control by Bain Capital
A new chapter begins for Manappuram Finance as its subsidiaries, Asirvad Micro Finance and Manappuram Home Finance, have received the final nod from the Reserve Bank of India. This crucial approval enables Bain Capital to take indirect command over these companies.