Stock Market Updates - Angel One

The Cabinet has approved the merger of five of SBI subsidiaries into SBI which will create a banking behemoth in the PSU space with assets in the range of nearly Rs.30 trillion ($450 billion). This will be instrumental in bringing SBI in the list of Top-50 largest banks in the world. Of course, in terms …

In the Berkshire Hathaway report to its shareholders, there was one comment on airline stocks from Warren Buffett that attracted a lot of attention. Buffett commented that “After a century of mistakes and bad operating performance, aviation stocks may be finally coming into their own”. Coming from an aviation sceptic like Warren Buffett, this was …

You must have heard of conglomerates declaring insolvency in the market due to unfavorable business conditions. DHFL, Reliance communications, Bhushan Power and Steel, Jet airways are some of the biggest bankruptcies in India. So, what happens when companies go bankrupt? They hold credit from financial institutions and investors. How is this credit resolved? Selling the …

The Zinc manufacturing giant, Hindustan Zinc Limited (HZL) is looking at options to sell their wind energy asset through a block deal. According to sources conscious of the developments, if the plan is placed on the table, it will amount to Rs 1,500 crores. The company described its wind energy segment as non-core and looking …

Infosys announced its Q4 results on the 13th of April 2017. The expectations were quite muted in the street both on the top-line growth and profit margins. Over the last few quarters, Vishal Sikka and his team have constantly warned the street about the pressure on margins and the likelihood of tepid growth in sales. …

Largest ever in India, the Reliance rights issue has succeeded in creating quite a stir amid investors. Experts believe this will help in reviving the stock exchange, which has been sluggish since lockdown is announced in India on March 24th and promote a rally in its stocks. Existing shareholders can subscribe to the rights issues and …

Probably, for the first time in recent memory, the expectations surrounding the TCS fourth quarter results were at an all-time low. Markets were extremely sceptical about TCS Q4 performance in terms of profit growth as well as in terms of margins. It is in this backdrop that the results were announced for the fourth quarter …

At its board meeting on February 20th, the Board of TCS approved the buyback of 5.61 crore shares subject to a maximum outlay of Rs.16,000 crore. That means TCS can buy back the shares at a maximum price of Rs.2850. Normally, buybacks are done through any of these 3 methods viz. Proportionate Tender Offer to …

Following the news of the founder equity sale, the stock of PB Fintech dropped more than 6%. PB Fintech Ltd stock dropped following a massive block sale that saw about 64.7 lakh shares traded in a single transaction, according to reports. The identities of the purchasers and vendors remained unknown. According to media sources, the …

Analysts feel globally weakening dollar, and the spree of FII investment in the domestic market caused rupees to gain against the dollar. Wednesday, rupee advanced 11 paise against dollar, which traded at 73.49. Over the last few days, the domestic unit has gradually gained against the dollar.  In the forex market currencies are traded in …