Stocks in the News (28 Aug): Edelweiss Financial Services – Hong Kong-based private equity group PAG picked a 51% stake in Edelweiss Wealth Management by making a strategic investment of Rs 2,200 crore. NMDC – Profit after tax for the Q1FY21 down by 55% to Rs 533 crore. The company had posted Rs 1,179 crore …
[vc_row][vc_column][vc_column_text][/vc_column_text][vc_column_text] Disclosure: EZ Wealth is a Stock Broker registered with BSE, NSE and MSEI in all the major segments viz. Cash, F&O and CDS segments. EZ Wealth is also a Depository Participant and registered with both the Depositories viz. CDSL and NSDL. Further, EZ Wealth is a SEBI registered Portfolio Manager. EZ Wealth is …
[vc_row][vc_column][vc_column_text] Stocks in the News (27 Aug): Hindustan Aeronautics(HAL) – The government plans to sell as much as 15% stake in the companythrough a public offering of shares, via offer for sale (OFS). The floor pricefor the offer has been fixed at Rs 1,001 per equity share of the company. Gillette India:Net profit declined 1.86% …
[vc_row][vc_column][vc_column_text] Stocks in the News (26 Aug): SBI – Ratingagency Moody’s has downgraded State Bank of India’s (SBI’s) baseline creditassessment (BCA) from “ba1” to “ba2” as the economic shock from the Covid-19pandemic may aggravate the weakening borrowers’ credit profiles and it seesSBI’s asset quality and profitability deteriorating. Tata ConsultancyServices – S&P Global Ratings said TCS …
[vc_row][vc_column][vc_column_text] Stocks in the News (25 Aug): Wipro –The softwarefirm announced a partnership with Standard Initial Margin Model (SIMM) vendor,Quaternion Risk Management to offer SIMM-in-a-box to financial institutionscovered under Uncleared Margin Rules (UMR). Axis Bank proposedto acquire 17% stake in Max Life, resulting in total ownership of 18% post thetransaction. NOCIL reported ConsolidatedQ1FY21 PAT at …
