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Heavy rainfall and storms in Assam lead to four deaths and affect 45 villages. Union Home Minister Amit Shah assures assistance after reviewing the situation. In South Salmara-Mankachar district, a four-year-old dies and two go missing as a boat capsizes in the Brahmaputra River. The India Meteorological Department forecasts more thunderstorms and heavy rainfall in Assam and other northeastern states till April 4. ....
Sanjiv Bhasin of IIFL Securities is bullish on Hindustan Copper, HPCL, ONGC, IRCTC, Concor, Century Textiles foray into real estate, and ITC s future prospects. He advises caution in PSU banks and railway stocks, while emphasizing the potential in the banking sector and the need for quality construction in real estate. ....
Sanjiv Bhasin says: “The excessive selloff in HDFC Bank could be a long term buying opportunity. That could be the ride-up. But you do your checks and balances. Small banks are coming out with superb results. Last year, my top pick, South India Bank, was Rs 8. It is Rs 31 now.” ....
Rights issues by a record number of companies highlight the bullish outlook of their boards, indicating that capital spending is around the corner ....
South India Bank stock has surged by 76.70 percent over the last six months. The benchmark Nifty bank index has given a return of 8.29 percent over the same duration. ....