Valuations are rich at 25.4 times FY22E EPS and mere 5 per cent PBT CAGR over FY20-22E.

Edelweiss is part of a probe involving Capstone Forex for illegally remitting foreign exchange overseas.

Net interest income (NII) is seen at Rs 13,410.8 crore, up 14 per cent year-on-year (YoY).

Street is not happy as there is uncertainty on capital allocation along with lack of transparency

“The acquisition raises many an eyebrow on the related-party transaction," said Edelweiss Securities.

Buy PI Industries at a price target of Rs 949.

Buy HDFC Bank at a price target of Rs 2,452.

If the export price remains competitive, a small window for agri-exports could open for Indian exporters of oilseed meals – soyameal – and ...

Exporters of basmati rice, groundnut, soyameal, cotton gain from rupee's fall to Rs 65.28

A bountiful supply of soyabean crop globally did impact the local refined soya oil prices.

It said private sector real activity slowed down led by the sharp slowdown in financial/real estate services and some moderation in constru...

The area under cultivation jumped to 31.31 million hectare this year till Jan 20. The normal area under wheat planting (five-year average) ...

The lending business now accounts for 50-70% of the revenues of non-banking financial services (NBFCs). Earlier, most of their revenues cam...

According to experts, the slower sowing in rabi crop could be attributed to demonetisation of Rs 500 and Rs 1,000 currency notes which left...

The agri commodity business of Edelweiss is concentrated in its subsidiary Edelweiss Agri Value Chain, that is mainly involved in commoditi...

India imported more than 8 lakh tonnes of chana during this period, mostly from Australia, where there was a 40% increase in production.

In a move that will serve a dual purpose of complying with regulatory guidelines and pave the way for listing, one of the large shareholder...