Credit: Pixabay
Punjab National Bank
It has reduced its benchmark one-year marginal cost of funds-based lending rate by 0.05 percent to 7.3 percent.
Credit: BCCL
Honeywell Automation India
It reported a fall in its March 2021 quarter net profit to ₹104 crore from ₹111 crore. Revenue fell by over 4 percent to ₹673 crore, year-on-year.
Credit: Honeywell-Automation-India
Cipla
The pharma giant is in talks with the government for clarity and guidance on the roadmap for importing vaccines in the country.
Credit: Cipla
Asian Granito India
Its March 2021 quarter net profit tripled to ₹20 crore while revenue surged by over 68 percent to ₹434 crore, year-on-year.
Credit: Asian-Granito-India
Fineotex Chemicals, Emami Paper Mills, Salasar Techno Engineering and TV Vision are among companies that will announce their March quarter results today.
Read more about Stocks to watch: ITC, Narayana Hrudayalaya, Magma Fincorp, auto stocks on Business Standard. State-owned Canara Bank on Monday said it has appointed S K Majumdar as its chief financial officer (CFO) with immediate effect
Explore Now
ITC has a dividend yield of more than 5 per cent and its cash flows continue to grow robustly, points out independent market analyst Anand Tandon while stressing that long-term investors need patience. Edited excerpts from an interview:
Many brokerages have increased their price targets on SBI. What is your own sense on how scalable SBI can be in the next one year?
Frankly, if SBI does not perform then the index numbers in terms of earnings has to come down dramatically. Much of the earnings growth forecast for the index is coming from companies like SBI and metals. Therefore, they have to perform and there is no reason why they won t perform.
NEW DELHI: India’s own ‘meme’ stock,
ITC, has climbed in six of last eight sessions, making traders wonder whether the scrip will finally come out of its painful range after exhibiting extreme rangebound movements for a long time now.
Rangebound trading on the cigarette maker has made it a popular theme for ‘meme’ lovers across social media platforms.
On Monday, the stock rose 0.09 per cent to close at Rs 212.55 in the back of Friday’s 4.45 per cent gain. Technical charts suggest the stock may soon come out of range and test the Rs 250 level.
Aditya Agarwala, Senior Technical Analyst at YES Securities, said the stock has been oscillating in a broad rising channel since the March 2020 crash.