Stocks that share market analysts recommended on August 2, 2023: Stock brokerage has come out with research reports on select stocks namely IDFC First Bank, Coromandel International, and Tata Chemicals. Here s what brokerages said about these counters.
Stocks that share market analysts recommended on August 1, 2023: Stock brokerages have come out with research reports on select stocks namely GAIL India, Bharat Electronics, Indiamart, IDFC First Bank. Here s what brokerages said about these counters.
Stocks in focus today: Nifty is gaining momentum and attempting to make new highs. India VIX at a multi-month low of 10.82. HDFC, Vedanta, HDFC Bank, ICICI Prudential among stocks to watch on Wednesday, June 28, 2023.
IDFC First Bank shares were up 5.85 per cent at Rs 61.50, outperforming the Sensex.
Shares of IDFC First Bank rose as much as 7.4 per cent to hit fresh 52-week high of Rs 62.40 on the BSE a day after the bank announced that its board of directors have approved raising funds by issuing equity shares or other equity linked securities. The bank plans to raise Rs 3,000 crore as its board noted strong outlook for economic recovery in India. The Board at its meeting held today noted the significant opportunities for growth of the Bank based on the strong capabilities the Bank has built and the strong outlook for economic recovery in India, and has approved raising of funds for an amount aggregating up to Rs 3,000 crore, in one or more tranches, IDFC First Bank said in a statement.