Page 51 - Lucknow News Today

Lucknow, May 23 (IANS) Two men posing as officers of CBI, NIA, and Customs, who had conned a retired Public Works Department official of Rs 30.5 lakh

Buddha Purnima is a gazetted holiday. Heres a look at whats closed and whats open today

India News: SULTANPUR: In Sultanpur, a hundred kilometres to the east of Congress bastion Rae Bareli, another Gandhi has entered the poll fray again, eyeing a rec.

NEW DELHI, May 22 (Xinhua) -- A bomb threat turned out to be a hoax after an intensive sanitization

Sandhya Devanathan, Head and VP, Meta in India, said the company sees business messaging as a key growth driver of its business in India. “We see it in terms of consumer behavior on our platforms, in terms of people using messaging to communicate with businesses, and we see that given the size of the WhatsApp platform and what users are asking for. 60% of the users of WhatsApp in India message a business every week,” she said.

Andrew Holland, CEO of Avendus Capital Public Markets Alternate Strategies LLP, discusses the impact of FII selling on bank stocks and the upcoming market trends post-elections. Coming to pharma, Holland says the bottom was hit some months back for the whole sector and the prospects are starting to look better not just locally but overseas as well.

Gurmeet Chadha says one of the main issues with most EPC construction names is the working capital cycle and margins because the projects are long gestation, you do not know what commodity prices would behave and people have some memories of 2003 to 2008 when there was euphoria and followed by a 10-year hiatus.

Analyst Santanu Chakrabarti from BNP Paribas highlights undervaluation in large private banks despite positive surprises. Despite a strong FY24, largecap private bank stock price performances were mostly muted. The FY26 look-through on earnings growth is expected to be rosier. HDFC Bank is recommended with a target price of Rs 2,470.

Sachin Trivedi analyzes Nifty 50 earnings growth, PSU banks performance, and sector preferences for FY25. Highlights include select private sector banks, two-wheeler segment, and healthcare space. Trivedi further says that in the long run, markets adjust to earning delivery and valuation. Therefore, investors need to moderate return expectations from the market.

Gold Rate Today: Check gold prices in different cities on May 23, 2024 in Rs/10 grams