Performer Financial News

Star Health and Allied Insurance Company Ltd Share Price: Shares of Star Health and Allied Insurance have been on uptrend in the last few sessions after reporting decent July-September quarter results for fiscal 2023-24 (Q2FY24). Domestic brokerage firm Geojit Financial Services has upgraded its rating on the large cap to a ‘buy’ call and sees 17 per cent returns over the next 12 months. At a current market price (CMP) of ₹560, Geojit has given a target price of ₹653 and sees potential returns from Star Health increasing to over 17 per cent in one year.

Bajaj Finserv Asset Management, said, “Given that we are a new entrant, we have the opportunity of looking at things afresh. Our BAF is yet another example of that approach. Here, both behavioural sciences and financial insights are ‘balanced’, to help us make our investment decisions.

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Sanjay Banka, CFO, Senco Gold, says “the next two quarters will not be better than the first half. If we look at the past trends, the major sales happen up to Dhanteras. We have already seen around 26-27% year-on-year growth till today. The next quarters are likely to take the blended growth up to 25%. Secondly, as far as the growth across all the zones is concerned, we are very happy that we are growing across all the zones in India, particularly in the Eastern zone where the growth is around 22%.” Have you witnessed a strong festive demand? Also, what is the expectation for the upcoming wedding season? We are very much delighted with the festive demand. While the World Gold Council has said that around 9% growth has happened in the first nine months of the current calendar year, we have grown by almost 26% year-on-year versus last year. And we have seen a similar trend during the Dhanteras festival, a 25% increase. So we are very much delighted. It clearly shows the faith and trust of the consumers. We are looking for a similar trend for the rest of the year in the wedding season because in the wedding season, we are talking about around 30 lakh weddings and Rs 4.5 lakh crore expenditure, a major part of that is likely to come to the jewellery industry.

Animal’ is already breaking box-office records. According to a Times Of India report, the Sandeep Reddy Vanga directorial has earned an impressive $125, 088 (approximately Rs 1 crore) in advance bookings in the US. In India, the movie is expected to perform spectacularly well among the Telugu-speaking audience. A limited booking was opened in Hyderabad and it has already sold 5,000 tickets.

50 litre geyser to never run out of hot water: Top 10 picks for September 2023 This Activa geyser harnesses the power of science to deliver hot water whenever and wherever you need it. With an advanced capillary thermostat and an extra thick heating element, you get fast heating and precise temperature control for any season.

43-inch LED TV category is gaining prominence due to its suitability for a variety of living spaces. It offers an immersive viewing experience without overpowering smaller rooms yet provides a substantial screen size for larger areas. As technology continues to advance, these TVs boast impressive features that elevate the overall visual delight.

Sunil Koul, Executive Director (Asia Pacific Portfolio Strategy, Global Macro Research), Goldman Sachs, says while high-end consumption has been holding up pretty well, there’s some some weakness in mass market consumption. We are hearing from the companies that things are bottoming out and not worsening. So, consumption and at least the volume growth for the staple companies will improve in coming quarters.” A lot of the corporates that we have been speaking with are alluding to the fact that even despite the festive season, etc, there has not really been any incremental pick up in consumption patterns all around. Rural is lagging a little bit, maybe the premiumisation trend is playing out. What is making you optimistic on consumption as a long-term story? There are a couple of things on the consumption side. I think the high-end consumption has been holding up pretty well there. If you look at the mass market consumption and the lower consumption as you mentioned, obviously there has been some weakness in there, part of that is because of the higher inflation starting to impact consumer wallets, part of it is obviously the monsoons which were subpar.

skills and talent pyramid today is skewed owing to the continuous changes and inclusion of technology in everyday activities. To understand the gap in the industry, we first need to understand the challenges the business faces currently. The most significant change in banking today is a clear shift of focus from the operational and management of money to new business and wealth creation from new and existing customers. Today, new business and current client relationship management are integral to the business.

As businesses and governments adopt net-zero strategies, it is imperative for the industry to develop resilient solutions and construct infrastructure capable of withstanding the repercussions of climate change. Simultaneously, these initiatives should remain economically-viable investments. The reevaluation of how we plan, create, and manage our infrastructure is a vital component of this undertaking. Infrastructure is critical in influencing our cultures, economics, and environment. Rethinking infrastructure systems is a critical step towards creating a net-zero and sustainable future.

PI Industries' share price gained more than 1% on Friday adding to its gains of around 15% that the stock has seen since October lows. While concerns around most chemical manufacturers stay elevated pertaining to inventory destocking, demand slowdown in developed countries, rise in China Exports, PI Industries with patented molecules and niche product range remains better placed compared to peers feel analysts. The Q2 performance held testimony as the financial performance of PI Industries remained strong amidst favorable demand momentum while many peers saw pressure on the performance.

IIFL Finance Limited, which is one of India’s largest non-banking financial companies, today said that leading rating agency CRISIL has upward revised its outlook to ‘Positive’ from ‘Stable’. The agency has also reaffirmed the long-term rating at ‘CRISIL AA’ and short-term rating at ‘CRISIL A1+’. In the rating rationale released by CRISIL Ratings said, “The outlook revision reflects the strengthening market position of IIFL Finance group and the expected sustained improvement in its profitability.

geyser that aligns with your lifestyle and budget. One of the key reasons Havells Geysers are a popular choice is their commitment to safety. Equipped with multiple safety systems, these geysers ensure protection against overheating, high pressure, and electric shocks.

Axis Bank analyst day: Brokerages have maintained a "buy" rating on Axis Bank's stock following its analyst day, and they estimate a 13% to 23% upside for the stock. According to reports, providing comprehensive digital journeys and improving customer experiences were the main priorities of Axis Bank.

Life Insurance Corporation of India (LIC) has trimmed its stake in Engineers India, a leading global engineering consultancy and EPC company, by about 2% through open market. The insurance behemoth disclosed in a regulatory filing on November 23 that it sold 1.14 crore shares of Engineers India during the period from February 02, 2021, to November 22, 2023, at an average price of ₹118.08 apiece. As a result of this transaction, LIC's overall stake in Engineers India has come down to 3.122% from the previous 5.155%.

(Reuters) -Bank of England Chief Economist Huw Pill said it had to hold firm in its battle against inflation and it cannot afford to ease off tight monetary policy, the Financial Times reported on Friday.

GMP: The company's shares in the grey market are trading at a healthy premium of ₹76, indicating a 45 percent premium at listing. However, one must note that grey market premium is only an indicator of how the company's shares are performing in the unlisted market and can change quickly. The ₹501 crore IPO of Gandhar Oil opened for subscription on November 22 and will close on November 24.

technology would free up labor for more constructive work when Noah asked about the threat of intelligence to jobs. In the 45-minute-long conversation, Gates talked about technology, work, and the purpose of life. ‘Don't have to work so hard.

T20I against Australia on Thursday in Visakhapatnam. Indian skipper Suryakumar Yadav's 42-ball 80 and an unbeaten cameo by Rinku Singh helped the hosts chase down an Indian best of 209 against Australia in a T20I thriller.

Times of India, the engineering services company sacked its staff partly because of the actions initiated as part of the performance cycle and to reduce overlapping of the roles. The layoffs have mainly happened in delivery and support functions due to the integration of automation in many functions.

Coal India, Honasa Consumer ltd, Eicher Motors Ltd, NTPC Ltd, HDFC Bank Ltd and ICICI Prudential Life Insurance Company Ltd to its India model portfolio deploying cash and at the cost of Power Grid Corporation of India Ltd, Marico Industries, Maruti Suzuki India Ltd and NBFCs (Non Banking Financial Companies). In an Equity strategy note Equity analysts-Mahesh Nandukar, Abhinav Sinha, and Equity associate-Nishant Poddar a Jefferies India Pvt Ltd said that they had raised cash tactically in their model portfolio in early September, which they said are now deploying as the key macro concerns around higher US yields, rising oil prices and near-term state election results have subsided.