Hormaz Fatakia

1 month ago | topologypro.one | Hormaz Fatakia

HomeMarket NewsIndian stock market upgraded by UBS, who still finds better risk-reward in ChinaUBS went on to write in its note that it still sees a better risk-reward in China within Emerging Markets, although it has downgraded Hong Kong equities to "neutral" as well. By Hormaz Fatakia   April 24, 2025, 6:33:06 AM IST (Published)Brokerage firm UBS has upgraded India's equity markets to "neutral" on Thursday, April 24. They were earlier "underweight" on Indian equities.

2 months ago | topologypro.one | Hormaz Fatakia

Shares of State Bank of India Ltd., India's largest lender, are trading with gains of close to 3% on Monday, April 21, in-line with other banking majors, that have propelled the Nifty Bank index to a record high. This is the fifth straight day of gains for the state-run lender, during which the stock has gained over 10.5%. However, the stock has been an underperformer when it comes to comparing banking names who have gained the most since the Nifty Bank made a low of 47,702 on March 11.

2 months ago | topologypro.one | Hormaz Fatakia

The Nifty Bank index scaled a new high on Monday, April 21, after crossing its previous high of 54,467 in what has been a sharp recovery from the recent lows. It has taken the banking index 25 trading sessions from its March 11 low of 47,702, to scale a new record high. This means that the index has rallied nearly 7,000 points in three weeks from the lows of March. In percentage terms, the Nifty Bank is up 14% from the March lows, led by shares of IndusInd Bank, Bank of Baroda among others.

2 months ago | topologypro.one | Hormaz Fatakia

HomeMarket NewsWipro Q4 Results: Revenue decline of up to 3.5% projected for the next quarterWipro reported constant currency revenue decline of 1.2% during the March quarter on a sequential basis, whereas it had guided for growth to be between a decline of 1% and growth of 1%. By Hormaz Fatakia   April 16, 2025, 3:47:29 PM IST (Published)Bengaluru-based technology services provider Wipro Ltd.

2 months ago | topologypro.one | Hormaz Fatakia

HomeMarket NewsJBM Auto, Olectra Greentech shares rise up to 10% — Key factors explainedBoth JBM Auto and Olectra Greentech are the top gainers on the Nifty 500 index on Wednesday and have surged 32% and 24% over the last one month respectively. By Hormaz Fatakia   April 16, 2025, 10:07:15 AM IST (Published)Shares of electric bus manufacturers JBM Auto Ltd. and Olectra Greentech Ltd. surged as much as 10% on Wednesday, April 16, on the hopes of winning new orders.