YES Bank, where 49.10 lakh individual investors held 22.11 per cent stake at the end of December quarter, saw its shares rallying 54 er cent to Rs 23.20 level from Rs 15.05 level a year-ago.
Infosys continues to be Kotak’s top pick, followed by TCS. In terms of growth, TCS should lead in FY2025E, followed by HCL Technologies, it said. Infosys should underperform on growth among the three in FY2025E, the brokerage added.
The analysis of BSE500 index suggests that 20 stocks were able to triple investors wealth or better to say delivered up to 200 per cent returns to the investors.
Timken India Ltd, Dixon Technologies (India) Ltd, Shriram Finance Ltd, IIFL Finance Ltd, Amber Enterprises India Ltd and Bikaji Foods International Ltd saw MFs and FPIs buying company shares with both hands in FY24.
Gujarat Pipavav Port Ltd, Gujarat Gas Ltd, VIP Industries Ltd and TTK Prestige Ltd were among BSE500 stocks seeing MF and FPI selling. Three of the eight stocks delivered double-digit returns in year that saw BSE500 index surging 40 per cent.
Stocks such as Reliance Industries, HDFC Life Insurance, Larsen & Toubro and Mankind Pharma were among stocks that saw huge block deals during this holiday-truncated week, data available with Nuvama Research suggested.
In its clarification, ICICI Securities said a concerted campaign against the delisting proposal, using social media and involving extensive outreach to retail shareholders was undertaken by those opposed to the proposed scheme.
The Securities and Exchange Board of India (Sebi), in a circular issued last week, had stated that the new framework would be introduced for a limited set of 25 stocks and also a limited set of brokers from March 28
HDFC Bank: Institutional investors, Nomura India said, largely believe that the worst may be behind for HDFC Bank share price. Most investors are also comfortable with a potential low-teens loan growth outlook over the near-to-medium term
Mankind Pharma is coming out of a long consolidation with strong volumes. The overall structure is very bullish as the stock trades above its all-important moving averages.
RVNL, Zomato, GLT Infra, Dish TV, Power Grid, Punjab National Bank and IREDA saw rise in volumes. HDFC Bank, IRFC, Indus Towers, Reliance Industries, RVNL and IndusInd Bank were a few stocks leading the turnover chart on NSE.
HDFC Life and Max Life are expected to react more favourably to the fresh development. Nomura said the IRDAI decision is expected to mitigate ambiguity within the sector and could prompt a positive upswing.
State Bank of India (SBI), UPL, ICICI Bank Ltd, ONGC, PI Industries, Coal India, Reliance Industries and Kotak Mahindra Bank are expected to see outflows due to the rejig.
DOMS is an impressive story that highlights how innovations evolve industries and how a company that aims to remain product and consumer-centric can emerge as a winner, said JM Financial.
Shares of HCL Technologies crashed 5.62 per cent to Rs 1,507.50 on Friday, while the shares of Wipro and LTIMindTree were down more than 4 per cent each.
While the shares of Adani Power breached the 50-simple moving average (SMA), the price action managed to hold the decline near its 100- SMA placed at Rs 505 level.
HDFC Bank has undergone a gradual decline from its peak at Rs 1,721 but now appears to be stabilizing and finding support around the Rs 1,360-1,380 range.
HDFC Life has broken out of a consolidation phase, marked by a 'Rounded Bottom' pattern at the Rs 629 level, indicating a positive bias on the daily charts.
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