Ahead of Market: 10 things that will decide D-Street action on Wednesday
“Technically, the market is consistently holding higher high and higher low formation, which is broadly positive. Hence, the support has now shifted to 18,550 from 18,450. As long as the index is trading above 18,550, the uptrend wave is likely to continue. Above which, the market could move up to 18,750-18,800,” Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities, said.
Axis Bank among 20 stocks that made crorepati investors richer last month
While ICICI Bank and HDFC Bank are among the top two consensus picks of both brokerages as well as mutual funds, PSU banks have been outshining amid solid growth in their corporate loan books. Global brokerage BofA Securities says PSU banks have been narrowing the gap with private lenders on many metrics. It sees Bank of Baroda leading the way due to a diversified/safer book and a more advanced digital strategy.
Will RIL become holding company post arm listings? Kotak looks at key scenarios
Kotak Institutional Equities, which sees arm listings in the next 2-3 years, said this is among issues that the group will have to grapple with over the next 1-2 years as it prepares to list its retailing and telecommunications subsidiaries and induct members of the third generation of the founding family into more prominent roles in the group.
Corporate Radar: BPCL, Sun Pharma to turn ex-dividend; AGMs, bonuses and more
Friday is the record date for dividends by Bombay Burmah Trading Corporation (Rs 1.2 per share), LG Balakrishnan (Rs 15 per share), Jagran Prakashan (Rs 4 per share), The Yamuna Syndicate (Rs 200 per share), Baid Finserv (Re 0.1 per share), Maral Overseas (Rs 2 per share), Shiva Mills (Rs 1.2 per share) and Starteck Finance (Re 0.25 per share) among others. The stocks went ex-dividend on Wednesday.
Corporate Radar: Alembic, Manappuram to turn ex-dividend, AGMs, stock split and more
Manappuram Finance (Re 0.75 per share), Container Corporation Of India (Rs 2 per share), Alembic Pharmaceuticals (Rs 10 per share) and Jagran Prakashan (Rs 4 per share) had announced their interim dividends.
Corporate Radar: Adani Enterprises, M&M to turn ex-dividend; L&T Infotech, Tata Elxsi Q1 results; bonus issues and more
Shares of Radhe Developers will also go ex-split today. The company had announced the splitting of shares into face value of Re 1 from the face value of Rs 10. Raymond and Surya India will hold their annual general meetings (AGM) today.
Stocks in the news: Infosys, HDFC, MindTree, Dabur, Tata Power and LTI
L&T Infotech, Tata Exlsi, ACC, Angel One, BBTC, Tata Steel Long Products, Butterfly Gandhimathi, GTPL Hathway and Shakti Pumps are among the company that will announce their quarterly earning for the quarter ended June 2022.