LIC Q2 Results: PAT slumps 50% YoY to Rs 7,925 crore, net premium income drops 19%
November 10th, 2023 18:27
Net commission for the quarter stood at Rs 6,077 crore, compared with Rs 5,808 crore a year ago. The solvency ratio as of September-end stood at 1.90 times, compared with 1.88 times a year ago. The gross non-performing assets ratio as of September 30 was 2.43%, compared with 5.60% a year ago, and 2.48% a quarter ago.
There is nothing like small, mid and largecap today because valuation gap has come down: Porinju Veliyath
November 10th, 2023 18:27
“The next one year may not be very exciting for value investors because all of us know it is very rich valuations in general, so we have to go bottom-up stock pickers or business pickers, very selective, looking at the future of these companies and the verticals they are operating in and that way it is exciting. But in general, hurrying to pick stocks at these valuations, is not going to work.”
Business in the Week Ahead (November 13-17, 2023)
November 10th, 2023 18:27
A war is raging at one end and at the other, the global economy is feeling the blues. How is the next week, a truncated one because of a market holiday on Tuesday, going to shape up? Brush up your math as a flurry of inflation numbers and some key macro data are blinking on the radar
Sensex, Nifty reverse early losses, gain marginally on last trading day of Samvat 2079
November 10th, 2023 17:30
In early trade, Sensex and Nifty opened with losses after Federal Reserve Chairman Jerome Powell said the US central bank is not confident that interest rates are high enough to control inflation. From the Sensex pack, NTPC, Tech Mahindra, UltraTech Cement, Bajaj Finance, and Bajaj Finserv closed in the green, while M&M, HCL Tech, Titan, and IndusInd Bank ended in the red.
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