Brokerages Nuvama and HSBC believe that the share of private life insurers in the market has continued to increase, while industry heavyweight Life Insurance Corp. has underperformed. Bernstein, meanwhile, expects the Indian IT service providers to be on the cusp of recovery driven by Gen AI-led capex. Meanwhile, Citi has given a 'buy' call on Vodafone Idea, citing reduced competitive intensity, even as the company faces balance sheet troubles.

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10.09.2024

Vodafone Idea's Stock Outlook Divides Analysts — Citi Vs Goldman Sachs

Vodafone Idea Ltd. is drawing contrasting evaluations from two major brokerages, with Citi and Goldman Sachs offering divergent views on its future. Citi's 'buy' rating suggests cautious optimism, supported by recent government relief and fund raises. While, Goldman Sachs' 'sell' recommendation highlights significant concerns over revenue pressures and financial obligations.

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10.09.2024

Retail Allotment In IPOs Dip In 2024 As Loss-Making Large Issues Scale Up

Retail investors' participation in India's initial public offerings fell despite a spike in issues. This is due to the rising number of loss-making issues limiting their ability to invest. The total allotment for the retail segment in India's mainboard IPO issues has declined from 27.42% in the previous calendar year to 21.6% so far in 2024, according to data from Prime Database.

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10.09.2024

Bajaj Housing Finance IPO Subscribed 2.74 Times On Day Two So Far

Bajaj Housing Finance Ltd.'s initial public offering entered its second day of bidding after the issue was subscribed 2.02 times on the first day. The three-day offer entails a fresh issue of equity shares worth Rs 3,560 crore and an offer for sale worth Rs 3,000 crore from its owner, Bajaj Finance Ltd. The price band is set at Rs 66–70 apiece. The issue will close on Sept. 11. BHFL raised Rs 1,757 crore from anchor investors on Friday.

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Economy

Brokerage Views: HSBC And Nuvama On Life Insurers, Citi On Vodafone Idea And More

Vodafone Idea's Stock Outlook Divides Analysts — Citi Vs Goldman Sachs

Retail Allotment In IPOs Dip In 2024 As Loss-Making Large Issues Scale Up

Bajaj Housing Finance IPO Subscribed 2.74 Times On Day Two So Far

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