While the banking sector may have underperformed compared to the Nifty over the past 6 to 12 months, it remains poised for significant long-term growth due to India’s largely underbanked population. The Nifty Bank index has gained 8.5 percent year-to-date in 2024, compared to an over 13 percent rise in […]
deep dive
June has proven to be a strong month for Avenue Supermarts (DMart) as its stock surged by approximately 10%, marking a notable rebound following a decline of 6.5% in May. DMart saw its stock rise by 21% over the three-month period from February to April. However, the year started on […]
Today’s surge, particularly noteworthy, saw indices climbing by nearly 2 percent. This remarkable rebound coincided with the Reserve Bank of India’s optimistic revision of the FY25 GDP growth forecast to 7.2 percent, up from the previous 7 percent projection. Furthermore, the central bank maintained a steady course by leaving the […]
The brokerage reiterated its “underperform” call on the stock, with a target price of ₹96, implying a potential downside of 47 percent from Thursday’s close of ₹180.60. The escalating competitive landscape primarily influences the bearish target set by the global brokerage, as numerous e-commerce platforms venture into the quick commerce […]
Star Health was listed at ₹845.00 on December 10, 2021, marking a 6.11 percent discount from its offer price. On the same day, the stock briefly reached a high of ₹940, the only time it surpassed its IPO price. The stock has continued its weak performance, down over 9 percent […]