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IndusInd Bank shares slip 4% to hover near 52-week level; which way is the stock headed?
Business Today
·
5m ago
Medial
IndusInd Bank's shares fell 3.53% to Rs 936.80, marking a 34.36% decline over six months. Despite RBI approval for Sumant Kathpalia's reappointment as CEO, the stock faced volatility. Long-term investors with a high-risk appetite might consider buying on price dips, while short-term investors can exit now. Key support is at Rs 910-900, with potential decline if breached. Resistance is noted at Rs 1,000-1,050, with a breakout potentially regaining momentum.
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Paytm Shares Slip To 52-Week Low Amid Exodus Of Leaders
Inc42
·
1y ago
Medial
Shares of fintech major Paytm dropped by 5% to INR 317.45 on May 8th, hitting a 52-week low and resulting in a market cap of $2.41 billion. This decline follows the recent departures of key leaders, including the COO, CMO, and CEO of Paytm Payments Bank. Paytm has been dealing with increased volatility since the Reserve Bank of India's clampdown on certain operations of its payments bank business in January. Founder and CEO Vijay Shekhar Sharma is now taking charge of key verticals as the company grapples with these challenges.
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IndusInd Bank crash: Mutual funds sold off around 1.6 crore shares just before sharp erosion
Business Today
·
5m ago
Medial
IndusInd Bank's stock has faced a significant decline, dropping nearly 30% year-to-date and over 27% recently, reaching a 52-week low. This drop is attributed to accounting issues, with a post-tax mismatch of Rs 1,577 crore affecting net worth. The stock has seen a 56% decrease in a year, prompting concerns over governance. Brokerage firms have expressed caution, and the stock's rating was downgraded. The CEO's term was extended for a year by the RBI.
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IndusInd may get ousted from Sensex, Nifty; stock may see inclusion in global index: Report
Business Today
·
4m ago
Medial
IndusInd Bank's shares have plummeted by 30% in a week, largely due to concerns over losses in its derivatives portfolio. The stock is now under the NSE's Additional Surveillance Measure. The bank revealed an internal assessment anticipating an impact of around 2.35% of its net worth by December 2024. The BSE and NSE indices will rebalance in June and September, respectively, with IndusInd flagged as a potential deletion candidate.
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Paytm shares hit 52-week high as fintech rolls out UPI Lite auto top-up for small payments
Economic Times
·
8m ago
Medial
Paytm shares surged over 4% to reach a 52-week high at Rs 939 following the announcement of an automatic top-up feature for its UPI LITE service. The new feature enables PIN-less transactions for payments under Rs 500 and is available for select users of Yes Bank and Axis Bank. Paytm's UPI LITE service allows small-value payments up to Rs 2,000. Additionally, Paytm introduced a UPI statement download feature and has expanded its UPI service globally. Despite the initial rally, the stock experienced some profit booking and was trading at Rs 889.8 as of 1:24 pm.
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ICICI Bank, JSW Steel, Kotak Bank, Welspun Corp among stock that hit 52-week high today
Business Today
·
4m ago
Medial
Several companies, including ICICI Bank, JSW Steel, Kotak Bank, and Welspun Corp, hit 52-week highs today alongside AstraZeneca Pharma, Shree Cements, and others. The stock market saw significant gains, with the Sensex rising over 1,200 points (1.56%) to reach 78,107.23 and the Nifty50 increasing by nearly 360 points (1.3%) to 23,708.75, indicating robust market performance and investor confidence.
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Chartist Talks | Ashish Kyal sees next target for Nifty at 22,877, Rs 1,465 crucial for 7-10% rally in HDFC Bank
Money Control
·
1y ago
Medial
Ashish Kyal, CEO of Waves Strategy Advisors, believes that the benchmark Nifty index is in a positive momentum and may reach 23,500. He also expects HDFC Bank to break out above Rs 1,465 and potentially rise by 7-10% in the coming weeks. Additionally, Kyal suggests that the Nifty Auto index is showing strength and advises investors to use dips as an opportunity to enter the sector. Regarding the Bank Nifty, Kyal is optimistic about it touching the 50,000 level in the near term. Zensar Technologies and Avanti Feeds are his top stock ideas for the next week.
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Tata Motors, IndusInd Bank, Lupin, Zomato shares top picks as Emkay sees Nifty at 25k by year-end
Business Today
·
5m ago
Medial
Emkay Institutional Equities predicts the Nifty index could reach 25,000 by December 2025, despite near-term market volatility. Their top stock picks include Lupin, Zomato, Tata Motors, and IndusInd Bank for large-caps, with mid-cap recommendations including Escorts and Paytm. Sectors poised for growth are discretionary, real estate, and healthcare. Stabilization in FPI activity and supportive government measures, including tax relief, are expected to drive recovery and stimulate the domestic market by mid-2025.
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HDFC Mutual Fund increases stake in IndusInd Bank despite stock plunging 32%
Business Today
·
4m ago
Medial
HDFC Mutual Fund has increased its stake in IndusInd Bank from 4.82% to 5.02% by acquiring an additional 0.20% of the bank's shares. This move comes amidst a significant 32% decline in IndusInd Bank's stock value in March 2025, due to accounting discrepancies affecting fourth-quarter results. Despite this, confidence remains in the bank's leadership. Concurrently, domestic institutional investment increased, while foreign portfolio investment decreased. Competitors include HDFC Bank and ICICI Bank.
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Yatra Shares Hit An All-Time Low At INR 119.50
Inc42
·
10m ago
Medial
- Stock hits fresh 52-week low. - Stock recovers slightly, trading 1.28% up at INR 123. - Yatra's market capitalization stands at INR 1,930.07 Cr ($229.8 Mn). - 1.52 Lakh shares traded on the bourses. - Stock performance fluctuates throughout the day.
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Hinduja Group eyes strategic investments in EVs, energy and banking in Uttar Pradesh
Economic Times
·
25d ago
Medial
Hinduja Group is exploring strategic investments in electric vehicles (EVs), renewable energy, and banking in Uttar Pradesh. During a high-level meeting, group companies like IndusInd Bank, Gulf Oil, and Ashok Leyland presented investment plans. Ashok Leyland is finalizing an EV bus facility, while Gulf Oil proposes a robust EV charging network. The initiative aligns with Uttar Pradesh's economic aspirations, including becoming a USD 1 trillion economy. IndusInd Bank and NXTDIGITAL emphasized expanding digital and financial services in the region.
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