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South Indian Bank Rated 'Buy' On Nirmal Bang's Coverage Initiation — Check Target Price
Nirmal Bang believes South Indian Bank's earnings profile is transitioning from turnaround-driven profitability to structurally-sustainable returns.
Analysts back buy-on-dips strategy as Nifty targets 24,450–24,800
Indian stock market analysts are optimistic, anticipating the Nifty to continue its upward trend. They suggest buying on dips around the 24,000-24,150 mark, with potential upside targets reaching 24,800. Several stocks, including Container Corporation of India, IndusInd Bank, Biocon, HDFC Asset Management Company, Shriram Finance, and Piramal Pharma, are highlighted as strong buy recommendations with specific price targets and stop-losses.
Stocks in news: HDFC Bank, Vedanta Power, YES Bank, Sun Pharma, Waaree Energies
Indian markets surged for a third straight day, buoyed by global sentiment and strong performance from heavyweight stocks like HDFC Bank and YES Bank. Analysts note a technical breakout, though resistance looms. Several companies, including Dabur India and Vedanta Power, reported positive quarterly updates, while Tata Power withdrew a controversial distribution application. ONGC's leadership eligibility criteria have also been broadened.
Bullish futures positioning hints at upside in large-cap stocks
Indian stock markets are seeing pockets of strength, particularly in mid- and small-cap segments, with optimism now extending to select large-cap stocks. Analysts highlight several stocks showing bullish futures build-up and positive technical indicators. IndusInd Bank, Nalco, Shree Cement, HDFC AMC, Adani Energy Solutions, Nestlé India, and ONGC are identified as potential gainers, with specific entry points, targets, and stop-losses provided for traders.
Prestige Estates to invest Rs 15,000 cr this fiscal in housing, commercial projects
Prestige Estates Projects is set to invest a substantial Rs 15,000 crore this fiscal year in developing residential and commercial properties across key South Indian regions, Mumbai, and Delhi-NCR. Following a record Rs 30,024 crore in sales bookings last fiscal, the company is prioritizing timely project execution. This significant investment underscores their commitment to disciplined growth and expanding their robust project pipeline.
Stocks in news: Marico, Adani Enterprises, Tata Motors PV, PB Fintech, PNB
Indian markets saw a second day of gains, with the Nifty reclaiming its 100-day moving average, signaling a bullish trend. Key companies like Marico, Tata Motors PV, and Adani Enterprises are in focus due to strong Q1 updates and fundraising plans. PNB and Bank of India reported significant credit growth, while HDFC Bank is enhancing its AI and fraud detection capabilities.
RBI Calls Cryptocurrency Threat To Indian Economy In Parliamentary Panel Statement
The central bank submitted that digital money could be used for illegal activities.
Sensex gains 579 points, Nifty ends above 24,150: 5 reasons why stock market rose today
Indian indices rose, Sensex up 579 pts, Nifty above 24,150, led by IT stocks, oil companies. Bank of Baroda fell on NMC Health settlement.
Stocks to watch: Bharti Airtel, Indian Bank, BPCL among shares in focus today; check list here - livemint.com
Stocks to watch: Bharti Airtel, Indian Bank, BPCL among shares in focus today; check list herelivemint.com
Stocks in news: Hero MotoCorp, Canara Bank, Bharti Airtel, Indian Hotels, SBI
Indian markets opened positively, with analysts suggesting a stock-specific strategy amidst consolidation. Hero MotoCorp sees a revival in commuter bike demand, planning capacity expansion. Canara Bank and Indian Bank reported strong credit growth. Bharti Airtel's NBFC arm has begun operations, while Indian Hotels plans significant capital expenditure. SBI launched AI-powered innovations, and BPCL is acquiring a stake in a Brazilian oil venture.
New KPI on the block: Indian companies from banking to consulting start appraising leaders on AI implementation
India Inc is stitching AI adoption into senior leadership performance appraisals. Companies like Axis Bank now demand measurable AI outcomes, signaling a shift from experimentation to accountability-driven AI integration.
Canara Bank, Indian Bank credit growth outpaces deposits
Leading public sector banks, including Canara Bank and Indian Bank, are experiencing a sustained trend where their loan disbursements are expanding at a quicker pace than customer deposits. Canara Bank saw its advances surge by 18%, while Indian Bank reported a 13.9% rise in credit. This robust credit expansion, particularly in retail, agriculture, and MSME sectors, signals a dynamic lending environment for these financial institutions.