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ICICI Prudential Life shares zoom 7% after Q4 profit surges 58%. Should you buy, sell or hold?
ICICI Prudential Life shares jumped 7% after the insurer reported a 58% YoY rise in Q4FY26 net profit to Rs 609 crore and announced a final dividend. For FY26, profit grew 35% to Rs 1,600 crore, aided by a stake sale. Net premium income rose 17%, driven by strong growth in one-time and renewal premiums.
EV retail sales in India up 24.6% at 24.52 lakh units in FY26: FADA
India's leap into the future of transport was evident in FY26, as electric vehicle sales skyrocketed to 24.52 lakh units, a noteworthy increase of 24.6 percent. The two-wheeler segment alone accounted for over 14 lakh units, underscoring consumer enthusiasm. Meanwhile, electric passenger vehicles surged with an impressive growth rate of 83.63 percent.
Correction in NBFCs, IT and realty offers entry as earnings stay steady: Anupam Tiwari
Anupam Tiwari, Head of Equity at Groww Mutual Fund, expects a strong current quarter with limited impact from oil shocks so far, but flags risks from the next quarter onward. He remains positive on premium consumption, NBFCs, manufacturing exports and capex, while adding IT and premium real estate after corrections. He believes market fears may be overstated, with much of the downside already priced in.
Indian stock market: 10 key things that changed for market overnight - Gift Nifty, US-Iran war, gold rate to oil prices
Gift Nifty was trading around 23,177 level, a premium of nearly 122 points from the Nifty futures’ previous close, indicating a positive start for the Indian stock market indices.
Market Trading Guide: Buy ACME Solar and Ather Energy on Friday for gains up to 14%
Nifty tumbled amid surging crude oil prices and the Fed’s cautious rate outlook, with technical indicators signaling bearish momentum. Analysts warn of further downside below 23,000, while select stocks like ACME Solar and Ather Energy show bullish breakout potential.
'Consistent Compounder' insurance stock can rise another 24%, Motilal Oswal says
SBI Life has been a consistent compounder, with annualised premium equivalent growth at a compound annual growth rate of 15% between FY20 and FY25, compared to 6% for the overall industry.
MFs pump funds into private lenders in Feb; pare exposure to SBI
HDFC Bank, ICICI Bank and Kotak Mahindra Bank attract strong inflows from mutual funds in February, while fund houses trim exposure to SBI and other large-cap stocks
Kotak Mahindra Mutual Fund acquires stake in this recently listed healthcare stock
Kotak Mahindra Mutual Fund (KMMF) has raised its stake in the North Indian hospital network Park Medi World Limited to more than 5%. The fund purchased 175,164 shares, bringing its total ownership to 5.0393%, which necessitates a regulatory announcement in accordance with SAST regulations.
Kotak Mahindra Mutual Fund stake in Avanti Feeds crosses 5% after fresh share purchase
Kotak Mahindra Mutual Fund increased its stake in Avanti Feeds to 5.02% after acquiring 62,044 shares. This acquisition occurred amid market volatility, with Avanti Feeds shares dropping 12.3% recently but recovering significantly earlier in February following a US-India trade deal.
HDFC Mutual Fund pares stake in Sundram Fasteners via ₹358 crore bulk deals
HDFC Mutual Fund sold a 2% stake in Sundram Fasteners for ₹358 crore through bulk deals on NSE and BSE; the stock hit a 52-week low on Wednesday.
Auto sales show strong demand after GST cut; rupee weakness may support IT margins, says BNP Paribas
India’s auto sector is seeing sustained demand growth after the GST rate cut, according to BNP Paribas analyst Kumar Rakesh. February data shows about 25% growth in two-wheelers and passenger vehicles, indicating that lower prices are boosting volumes and supporting demand across segments. Rakesh said the trend appears sustainable in the near to medium term. A weaker rupee could support IT services margins, though AI-related productivity demands and cost pressures may offset part of the benefit.
Tube Investments of India Ltd soars 2.16%, Gains for third straight session
Tube Investments of India Ltd is quoting at Rs 2542, up 2.16% on the day as on 12:49 IST on the NSE. The stock is down 5.35% in last one year as compared to a 12.34% gain in NIFTY and a 29.67% gain in the Nifty Auto index.