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Diwali stock picks 2024: Ambuja Cement, ICICI Bank, RIL among PL Capital's top bets for Samvat 2081

Money ControlMoney Control · 1y ago
Diwali stock picks 2024: Ambuja Cement, ICICI Bank, RIL among PL Capital's top bets for Samvat 2081
Medial

1. Ambuja Cement, owned by Adani, aims to achieve a production capacity of 140mtpa by FY28 through expansions and cost-saving measures. It plans to expand through both organic and inorganic means and is expected to have a strong financial performance. 2. Bharat Electronics has a substantial order pipeline in defense and is expected to see growth in non-defense sectors as well. Analysts predict revenue and adjusted PAT to grow steadily for the next few years. 3. Cipla's growth is expected in India and the US, driven by demand in respiratory and other segments. Though there are risks, such as FDA scrutiny, the company is projected to have positive EPS growth. 4. ICICI Bank has a strong balance sheet and is expected to deliver stable core earnings growth along with good return ratios. It is currently trading at favorable valuations. 5. LTI Mindtree's BFS segment is growing well, and the company is expected to capture both discretionary and non-discretionary spending. While margins may be temporarily impacted, growth is projected to drive margin recovery. 6. Max Healthcare Institute plans to expand its operations, and analysts predict operational efficiencies and a strong financial performance as a result. 7. Reliance Industries faces challenges in its core segments but has steady gas production and rising ARPU in Jio. The company's investments in new energy and potential demergers are expected to improve its outlook. 8. DOMS Industries has strong brand and R&D capabilities, and its diversification into different categories expands its market potential. The company has plans for significant capital expenditure to boost production capacity and is projected to have good revenue and PAT growth. 9. Praj Industries holds a significant share in India's ethanol plant market and is well-positioned to benefit from ethanol blending targets and opportunities in sustainable aviation fuel. Analysts expect steady revenue and adjusted PAT growth for the coming years.

Groww widens lead over Zerodha in Oct despite market slowdown

EntrackrEntrackr · 17h ago
Groww widens lead over Zerodha in Oct despite market slowdown
Medial

Groww widens lead over Zerodha in Oct despite market slowdown Amid a slowdown in India’s retail broking industry, wealth-tech platform Groww was the only major player to record growth in October 2025. According to NSE data, Groww added 1.38 lakh active demat accounts during the month, taking its total to 1.2 crore (12 million). Other leading discount brokers saw a decline in active users. Zerodha and Angel One reported drops of 62,000 and 34,000 accounts, respectively, while Upstox lost about 59,000. The total number of active demat accounts across the top 25 brokers slipped 0.13% in October, indicating a phase of consolidation in the retail investing segment. Among traditional players, ICICI Securities and SBI Caps added 13,000 and 25,000 accounts, respectively. Paytm gained around 30,000 new accounts, while most other brokers, including HDFC and Kotak Securities, reported small declines. Digital-first platforms continue to lead the broking market, with Groww, Zerodha, and Angel One together holding over 57% of NSE demat accounts. Groww accounts for about 26.6% of the total, highlighting its growing share among retail investors. Between July and October 2025, the number of active demat accounts across leading brokers fell from 4.72 crore (47.2 million) to 4.52 crore (45.2 million), reflecting the slowdown after the post-pandemic expansion. The rate of decline has eased, pointing to early signs of stabilization in the market. Groww’s continued growth indicates steady user additions despite the broader industry slowdown.

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