Result Analysis: Axis Bank Limited (CMP: Rs.933) Result Update: Q3FY23 Axis Bank is the third largest private sector bank in India. The Bank offers the entire spectrum of financial services to customer segments covering Large and Mid-Corporates, MSME, Agriculture, and Retail Businesses. As of 31st December 2022, the…
Result Analysis: UltraTech Cement Limited (CMP: Rs.6891) Result Update: Q3FY23 UltraTech Cement Limited (“UltraTech”) is the cement flagship company of the Aditya Birla Group. A USD 7.1 billion building solutions powerhouse, the company is the largest manufacturer of grey cement, ready mix concrete (RMC) and white cement in…
Result Analysis: HDFC Life Insurance Company Ltd. (CMP- ₹590.55) Result Update: Q3FY23 HDFC Life Insurance Company Ltd. (HDFC Life) was established in 2000, and is a leading long-term life insurance solutions provider in India, offering a range of individual and group insurance solutions that meet various customer needs…
October 21, 2022
Diwali Samvat 2079 Recommendation
Gujarat Narmada Valley Fertilizers & Chemicals Ltd. is engaged in the manufacturing and marketing of chemicals, fertilizers and information technology. The chemicals business and Fertilizers business of the company comprises 70% and 28% respectively as of March 2022. Industrial Chemicals business of the company had done extremely well…
View on market: Volatility Prevails, Stay put with quality business Asian equities fell and major currencies appreciated against the dollar in a cautious open to the week after further weakness on Wall Street and a defiant message to the world from China’s Communist Party congress. Stocks declined in…
Capital markets have seen a lot of popularity in India in recent history. Previously, there was a myth that the capital markets are just for the HNI and financial institutions, which used to invest their money in huge amounts. Although it has become popular amongst small investors recently,…
NIFTY: The NIFTY opened at 17659.65 without much of a gap. The index initially went down almost 60 points found support around 17600 and recorded its intraday low at 17597.85. Prices then bounced sharply from 17600, recovered all the losses in the morning, and went above 17700. The…
NIFTY: The NIFTY opened at 17711.65 with a big gap of 177 points. The index did not move up and started drifting downwards after recording its intraday high at 17719.30. The decline was mild and the momentum was fragile but prices did not see any recovery. The index…