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FMCG growth steady for now, price hikes may help but demand and costs remain a worry: Abneesh Roy
Abneesh Roy, Executive Director, Nuvama Institutional Equities, said retail companies may outperform in the near term due to store expansion, while select FMCG firms with favourable input costs are better placed.
Meesho stock tank 10% after ₹1,500 crore income tax demand, shareholder lock-in ends
Around 109.9 million of Meesho's shares, or 2% of its outstanding equity, has become eligible for trading on Monday, as per Nuvama Alternative and Quantitative Research.
Meesho shares up 7% in two sessions; Here's why Monday's session is important
As per Nuvama Alternative and Quantitative Research, nearly 109.9 million shares, or 2% of the company's outstanding equity, will become eligible for trading once the lock-in period ends on Monday.
AI to benefit Indian IT; sell-off is a buying opportunity: UBS’ Hartmut Issel
Hartmut Issel, Head of APAC Equities, Global Wealth Management & Chief Investment Officer at UBS says AI adoption will drive backend integration demand for Indian IT services firms and the recent correction offers investors a favourable entry point.
Taking Stock: Nifty above 24,050, Sensex rises 347 pts as rally enters fourth straight day
More than 120 stocks touched their 52-week high on the BSE, including Data Patterns, Yes Bank, KEI Industries, Kirloskar Oil, Nuvama Wealth, Polycab, CG Power, Aegis Logistics, Himadri Speciality, IFCI, Varun Beverages, JK Bank, Pidilite Industries, Federal Bank, Netweb, Bandhan Bank, among others.
Kotak Mahindra Bank stock rises as brokerages bullish after Deutsche Bank India retail business acquisition
Brokerages remained constructive on Kotak Mahindra Bank after its proposed acquisition of Deutsche Bank India's retail, private banking and wealth management business. Analysts said the deal strengthens Kotak's retail franchise, appears reasonably priced and could be earnings or return-on-equity accretive.