15%Source: Brokerage reports
Meanwhile, the share price of Bajaj Auto has risen nearly 28% since September 30, as the investors cheered robust sales growth during the quarter. The stock achieved a milestone in December after its market value crossed the ₹1 lakh crore ($14 billion) mark on the Indian stock exchanges.
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Here’s what to expect from Bajaj Auto in Q3
While the three-wheeler continued to stay under pressure, Bajaj’s third quarter sales were 9% better than the same period last year. The analysts’ reports credit the year-end offers and the festive demand for the spike in revenue aside from the sharp jump in exports.
India among top-performing markets in the decade 2010-2020; will the story continue?
Analysts believe India s long-term story remains intact and Nifty may continue to feature among the top-performing markets of the world. January 19, 2021 / 04:05 PM IST
Indian equities remained among the brightest in the decade 2010-2020 and analysts believe India s long-term growth story remains intact.
As per brokerage firm Motilal Oswal Financial Services, India delivered the third-highest return among key global markets after the US and Japan in local currency terms.
However, in dollar terms, the Indian market was at the fifth position - after the US, Japan, Taiwan and South Korea - in the last decade.
IRFC IPO subscribed 65% on Day-1
The price band for the issue, which closes on Wednesday, has been fixed at ₹25-26 per share.Premium
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MUMBAI : ₹4,500 crore maiden public issue of state-owned Indian Railway Finance Corporation’s (IRFC), the subsidiary of Indian Railways was subscribed 65% on the first day of bidding.
The offer has received bids for 80.89 crore equity shares against an IPO size of over 124.75 crore equity shares, the bidding data available on the exchanges showed.
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. 05 Apr 2021
The retail portion of the issue has been subscribed 1.25 times, while the employee quota has already been lapped up by more than 13 times. The high-networth individual saw 9% of subscription on the first day.
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Out of the around 800-odd companies that have reported their shareholding patterns for the December quarter so far, only 64 have seen a rise in MF holdings.
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Mutual funds sold stocks worth some Rs 71,000 crore in the third quarter of the current financial year.
NEW DELHI: Mutual funds were seen buying over 1 per cent stake in at least 14 BSE-listed firms during the December quarter, even as they sold stocks worth some Rs 71,000 crore.
Out of the around 800-odd companies that have reported their shareholding patterns for the December quarter so far, only 64 have seen a rise in MF holdings. Domestic funds sold stocks worth Rs 26,427.83 crore in December, Rs 30,760 crore in November and Rs 14,492 crore in October, Sebi’s monthly bulletin showed.
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Brokerage Nirmal Bang sees constant currency growth for Infosys at 2.5 per cent sequentially, and dollar revenue growth at 3.1 per cent.
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In case of Wipro, HDFC Institutional Research expects a 5.6 per cent YoY (5.1 per cent QoQ) growth in net profit at Rs 2,593 crore.
NEW DELHI: Shares of Infosys and Wipro traded up to 1 per cent higher in Wednesday s trade ahead of the IT majors December quarter results later in the day.
By 10 am, shares of Wipro were up 0.96 per cent at Rs 462.10 while those of Infosys were ruling 0.21 per cent higher at Rs 1,374.750 on BSE. Infosys may report a strong set of numbers for the third quarter of the current financial year, with incremental revenues coming from the Vanguard deal. Margins may take a hit on wage hikes for junior employees during the quarter. Analysts said the IT major may raise its annual revenue growth forecast and the management s take on how margins will play out in the context of large deals will be watche