Nitin Aggarwal, Head of BFSI Research at Institutional Equities, Motilal Oswal Financial Services, expects industry credit growth to be around 10.5-11% this year, with a slight improvement to 11.5-12% next year.
Shares of Cello World Ltd ended at ₹616.65, down by ₹3.55, or 0.57% on the BSE.
According to the 2024 Burgundy Private Hurun India 500 List, the cumulative value of these companies rose by 40% over the year, outperforming the Sensex and Nifty, which grew by 27% and 30%, respectively.
Growth in the IT sector is expected to improve from 4-4.5% in 2024-25 to 6.5-7% in 2025-26. However, there will be variations in growth rates across companies, depending on factors like the availability of large deals and the relative health of revenue-generating verticals.
The company stated that the observations primarily pertain to procedural improvements and are not related to data integrity. Shares of Piramal Pharma Ltd ended at ₹196.70, down by ₹3.15, or 1.58%, on the BSE.
While the overall number seems to suggest that FIIs have returned to the market with open purse-strings, adjusting for the Bharti Airtel block deal tells a different story.
Ragnar Udd, Chief Commercial Officer of BHP explained that rising population growth will continue to drive the need for more copper. In addition, factors such as artificial intelligence (AI), data centers, and the ongoing focus on decarbonisation will further boost demand.
Shares of GlaxoSmithKline Pharmaceuticals Ltd ended at ₹2,608, up by ₹275.75, or 11.82%, on the BSE. Brokerage firms, including Motilal Oswal and ICICI Securities, continue to stay positive on the stock.
Analysts believe the Nifty might remain a ‘sell on rise’ as long as it stays below 23,150. Support is placed at 22,800, and a fall below this level might trigger further correction.
Located in the upscale Mahalaxmi area, the project site enjoys a prime position in one of South Mumbai’s most sought-after neighbourhoods. Shares of Mahindra Lifespace Developers Ltd ended at ₹347.75, down by ₹8.75, or 2.45%, on the BSE.
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