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Cyclical sectors are driving the incremental earnings upgrades as the government boosts focus on fiscal expansion and capex spending, which augurs well for the much-awaited revival in the investment cycle.
Stocks in the news: HDFC, Vodafone Idea, HPCL, Lupin, Adani Enterprises and JK TyreMortgage lender Housing Development Finance Corp (HDFC) said it has launched its qualified institutional placement (QIP).
from Stocks-Markets-Economic Times https://ift.tt/30BqdM5
… Read MoreAirtel calls off Kenya unit merger with Telecom KenyaAccording to a Reuters news report, Telkom Kenya, in a statement, said it had "opted to adopt an alternative strategic direction" and would no longer be pursuing the proposed joint venture transaction.
from Stocks-Markets-Ec… Read MoreRCFL lenders invite bids for majority stake in companyThe resolution plan provides for three options — acquisition of RCFL on as-is-where-is basis, buying the firm with one or more asset books on as-is-where-is-basis and acquiring one or more asset books on as-is-where-is basis.… Read MoreAxis Bank launches Rs 10,000 crore QIP at Rs 442.29 floor priceThe lender is looking to mop up Rs 8,000 crore as the base deal size, with an option to increase the total funds raised by another Rs 2,000 crore.
from Stocks-Markets-Economic Times https://ift.tt/33rn56Z
… Read MoreIndia has biggest disconnect between stock rally, economic gloomThe nation’s shares have logged the one of the best rebounds from the March lows globally while battling some of the world’s worst economic data. The surge has pushed up valuations to a record as investors look past the grim … Read More
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