And just like that, the House of Cards came crashing down on October 3 as benchmark indices plunged deep into the red, rattled by Iran’s launch of ballistic missiles at Israel, sparking fears of retaliation and escalation in the war. But is this another false fall, destined to be propped up by the familiar 'buy on dips'?The geopolitical tinderbox is now the biggest threat to global equities, war...

Brokerage firm Investec has kept a bullish stance on drugmaker Cipla, banked on expectations of mid-teens growth in the India pharma market, and easing regulatory challenges at its Goa plant.The brokerage remains optimistic of Cipla achieving 12-13 percent on-year growth in sales within the Indian pharma market. Alongside that, Investec also sees a classification from the US Food and Drug Administ...

Shares of Bajaj Finance dropped over 3 percent on October 4, a day after the non-bank finance lender reported its Q2 business update that saw the slowest AUM (Assets Under Management) growth in six quarters.At 09.32 am, shares of Bajaj Finance were trading at Rs 7,205.25 on the NSE.The NBFC company's AUM grew 29 percent to Rs 3,73,900 crore in the July-September quarter as compared to Rs 2,90,264 ...

Citi has initiated a 'buy' rating on Varun Beverages with a target price of Rs 800, citing the company’s strong market position in India and significant growth opportunities in the soft drinks sector. The brokerage highlighted PepsiCo bottler's go-to-market (GTM) initiatives and its ability to create new product categories as key drivers of its expansion.Additionally, Varun Beverages is expected...

Shares of Mahindra & Mahindra Financial Services reeled under selling pressure on October 4, dropping as much as 7 percent after the company's asset quality as well as growth faltered in the July-September period.At 10.02 am, shares of Mahindra & Mahindra Financial Services were trading at Rs 313.35 on the NSE. Furthermore, the selloff in the stock today was also triggered by heavy trading volumes...