That’s right, this is not a financially high leverage business but it is an operationally high leverage business. The annuity has to be recollected with penetration being so low.

Wipro’s underperformance is understandable because they have failed to deliver even when not only the leaders TCS and Infosys, but the other smaller companies did very well.

While maintaining our positive long term outlook on Indian equities, we are cautious about the current valuations, and are looking at select sectors which provides us a good long-term opportunity with some margin of safety in valuations.

Market has rallied by 25% from the lows it had witnessed in the month of June. This was mainly due to no major downgrade to corporate earnings and inexpensive valuation based on expected FY24 earnings.

But after a tumultuous year that has the S&P 500 Index looking at its biggest annual loss since 2008, equity traders are prepared for one sure thing over the coming sessions: more volatility.

Stocks that were in focus include names like Yes Bank which was up nearly 11%, Punjab and Sind Bank rose over 7%, and Central Bank of India rallied over 4%.Here’s what Pravesh Gour, Senior Technical Analyst, Swastika Investmart at recommends investors should do with these stocks when the market resumes Continue Reading

In the BSE list of stocks, four stocks with a market cap of over Rs 500 crore are witnessing Golden Crossovers, according to stockedge.com’s technical scan data. Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average Continue Reading

U.S. producer prices rose slightly more than expected in November amid a jump in the costs of services, but the trend is moderating, with annual inflation at the factory gate posting its smallest increase in 1-1/2 years.

The company has assets of about ₹5,000 crore under management, primarily consisting of mortgages to the self-employed segment with an average ticket size of ₹13 lakh. Earlier this year it started a micro-housing business and is also building a commercial vehicle loan book through a subsidiary.

While ICICI Bank has said it will focus on supply chain finance for future growth, Axis Bank has onboarded technology providers to offer AI (artificial intelligence)-powered supply chain solutions.