India’s largest carmaker Maruti Suzuki is all set to announce its financial results for the third quarter ended December 31, 2023, on January 31. Analysts from various brokerages anticipate that the company is likely to experience a decline in margins on a sequential basis due to an unfavourable product mix and increased discounts offered during …
HDFC Life Insurance Company Ltd https://www.sharekhan.com/MediaGalary/StockIdea/HDFC_Life-Jan15_2024.pdf Weak Q3 BUYu0009CMP : Rs. 615u0009PT : Rs. 750u0009 HDFC Life reported ~2% y-o-y decline in APE (~7% below estimates) resulting in VNB declining by ~2% y-o-y (missing our estimates by ~10%). However, VNB margins stood at 26.8% stable y-o-y. Lower APE was led by lower Non-PAR (-32%), Group …
The 200-point range continued on the Nifty 50 with the index failing to sustain above the 19,800 mark. Two good things that emerged from Tuesday’s session – One, the index may not be crossing 19,800 but is not capitulating under pressure either. The bulls are protecting the downside to the best they can. Second, the …