HDFC Bank shares have recently hit a 52-week low following a 10% decline after the release of its Q3 earnings. The stock is now in the oversold territory with an RSI of 24.5, indicating potential for a recovery. Despite the dip, global brokerage CLSA maintains a buy rating with a target of Rs 2,025 per … Read more
Consumer electrical goods manufacturer Havells India Ltd reported a modest 1.54% increase in its consolidated net profit, reaching Rs 287.91 crore for the third quarter ending December 2023. This marginal growth was compared to a consolidated net profit of Rs 283.52 crore during the same period the previous year, as disclosed in a regulatory filing … Read more
Nova AgriTech’s IPO has seen overwhelming response, fully subscribed on the first day itself with more than 10 times the demand. The IPO opened on January 23, 2024, and is set to remain open for subscription until January 25, 2024. The total size of Nova AgriTech’s IPO stands at INR 143.81 crores, and the company’s … Read more
“Saai Sudarshan Proposed as Virat Kohli’s Replacement by Aakash Chopra” Indian cricket commentator Aakash Chopra has suggested a replacement for Virat Kohli, who recently stepped down after the first two matches of the Test series against England. Chopra’s recommendation is 22-year-old Saai Sudarshan, known for his recent impactful performances, especially in the IPL 2023 final … Read more
Motorola has made a bold move, slashing the price of its Moto G54 smartphone in India by Rs 3,000. This budget-friendly 5G phone boasts impressive features, including 12GB of RAM and a 50MP camera. Let’s delve into the details of the price reduction and the specifications of the Moto G54. New Pricing of Moto G54: … Read more
Axis Bank’s third-quarter results for October-December revealed a net profit of Rs 6,071.1 crore, marking a 3.7% year-on-year growth but falling short of analysts’ expectations. The net interest income (NII) for the quarter was reported at Rs 12,532.2 crore, reflecting a notable increase from the previous year’s Rs 11,459.3 crore. Despite this positive growth, it’s … Read more
India’s automotive landscape is undergoing a significant transformation with the rise of electric vehicles (EVs). Luxury car manufacturers are not lagging behind in this trend, evident in the launch of the Lotus Eletre SUV by a renowned British luxury carmaker. Introduced to the Indian market in November 2023, this electric marvel starts at a princely … Read more
Former Zimbabwe captain Andy Flower expressed skepticism about England’s chances of defeating India in the upcoming five-match Test series. Flower emphasized that he would be surprised if England managed to secure a victory in India, highlighting India’s exceptional team and their proficiency in home conditions. The first match of the series is scheduled at the … Read more
A powerful earthquake, measuring 7.2 on the Richter scale, struck China’s southern Xinjiang late Monday night, according to the National Centre for Seismology. The seismic event, with a depth of 80 km, occurred on January 22, 2024, at 23:39:11 IST, with coordinates placing the epicenter at 40.96 latitude and 78.30 longitude in Southern Xinjiang, China. … Read more
Karur Vysya Bank has posted an impressive 43% surge in net profit, reaching ₹412 crore for the quarter ending December 30, 2023, compared to ₹289 crore in the corresponding period the previous year. This substantial increase is attributed to reduced provisions. The net interest margin, a vital measure of profitability, was recorded at 4.32% for … Read more