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Credit Suisse analysts believe the company’s losses may narrow to Rs 846.8 crore, compared to the steep net loss of Rs 23,044.9 crore a year ago. It believes the company’s revenues may have risen by 16.1 per cent to Rs 24,536.7 crore.
Credit demand fails to pick up despite aggressive rate cutsBesides 115 basis points reduction in the benchmark repo rate, the rate at which RBI lends to bank, the central bank has infused liquidity into the system through unconventional tools such as LTRO/TLTRO operations to make loa… Read MoreFII flow, F&O expiry and auto sales data among key factors that will guide market this weekFutures and options contracts for the December series will expire on Thursday. Traders can expect volatility leading up to the day.
from Stocks-Markets-Economic Times https://ift.tt/34LoTHM
… Read MoreYear of the meme stock: Hertz, Kodak, Nikola top list of 2020 highlightsThe wild swings reflected bets by individuals, many of them new to the market, who looked to brokerage apps like Robinhood Markets to pass the time during the pandemic, especially after cashing stimulus checks.
from Stocks-M… Read MoreBrexit trade deal sparks relief but UK market will bear scarsAnalysts are urging clients to snap up undervalued UK stocks, the worst performing of any major market since 2016 and many say they been buying sterling, which is near 2-1/2-year highs above $1.36.
from Stocks-Markets-Econom… Read MoreAhead of DHFL voting, Oaktree attacks Piramal bidA key point that Oaktree is harping on is the structure Piramal’s have proposed in their business plan, that involves a merger between DHFL and Piramal Capital, its finance arm to swell the combined entity’s networth to more … Read More
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