An analyst from YES Securities said that Siemens has moved above its 20-day and 50-day SMAs after a prolonged period, indicating a positive shift in momentum.
Nuvama Institutional Equities has revised its ratings for key asset management companies including CAMS, HDFC AMC and NAM India, amid challenging market conditions.
Stocks such as HDFC Bank Ltd and Kotak Mahindra Bank Ltd may support any uptrend, he said adding that public sector banks like State Bank of India (SBI) and Canara Bank could also contribute to further gains.
HDFC Bank share price today: HDFC Bank shares have corrected 9.25% from their record high of Rs 1,880 reached on December 9, 2024.
HDFC AMC share price: Domestic brokerage firms continue to remain positive on HDFC Asset Management Company after the analyst meet hosted by the management team.
Brokerage firms have turned positive on HDFC Bank and see a strong upside in the private banking major as they believe that the lender is marching towards normalized growth and profitability.
Union Budget 2025: The Budget is anticipated to bring forth reforms to bolster the expansion and reach of the insurance industry in India.
HDFC Bank reported better-than-expected core slippage, lower LDR and a substantial gain in deposit market share. This is the first quarter of PSL for e-HDFC and the bank managed it smoothly amid fears of a miss, an analyst said.
HDFC Life Share Price: Nomura India, which had downgraded HDFC Life to neutral in Q2 due to expected impact of surrender value in Q3, said the current valuation captures the negatives adequately. This brokerage upgraded the HDFC Life stock to 'Buy'.
HDFC AMC shares: Brokerage firms are largely positive on HDFC Asset Management Company after the strong performance in October-December 2024 period.
HDFC Asset Management Company Ltd is set to announce its results for the quarter and nine-months ended on December 31, 2024 on Tuesday, January 14.
Copyright©2025 Living Media India Limited. For reprint rights: Syndications Today