Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × HDFC Bank's share price rose marginally in early trade on January 17 after the private sector lender reported results for the quarter ended December. The bank on January 15 clocked standalone net profit of Rs 10,342 crore for the quarter, up 18 percent year-on-year, backed by decline in bad loan provisions. Net interest income, the difference between interest earned and interest expended, climbed 13 percent to Rs 18,444 crore, with net interest margin at 4.1 percent, and credit growth clocking a healthy 16.4 percent. Profit and net interest income grew 17 and 4.3 percent respectively on a sequential basis. Catch all the market action on our live blog Close Here is what brokerages have to say about the stock and the company: Macquarie The research house has kept … [Read more...] about What should investors do with HDFC Bank after Q3 earnings; buy, sell or hold?
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Share prices of Rivian Automotive ( NASDAQ:RIVN ) briefly fell to $75.13 per share on Friday before closing the session at $79.95 per share. It was the first time Rivian stock dipped below its initial public offering (IPO) price of $78 per share. The sell-off marks over a 55% drawdown from the stock's all-time intraday high of $179.47 per share set on Nov. 16, 2021. Here are arguments for and against buying the electric vehicle (EV) stock now. Image source: Rivian Automotive. Take advantage of inefficient markets Howard Smith : Markets aren't always efficient, and that's how investors can gain an advantage. While Rivian shares have dropped recently in concert with many high-growth tech names, one of the biggest dips came with the news that Amazon ( NASDAQ:AMZN ) was starting a partnership with Chrysler parent Stellantis ( NYSE:STLA ) to supplement its supply of electric delivery vans. Prior to this news, investors only knew that Amazon -- an early … [Read more...] about Rivian Stock Just Fell Below its IPO Price of $78 Per Share: Time to Buy?
HCL Tech | Representative image Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Shares of HCL Technologies Ltd declined nearly 6 percent on Monday after the company reported lower-than-expected earnings before interest and taxes and reduced lower-end margins guidance by its management. The stock hit a low of Rs 1,255.10 on the BSE, down 6 percent, intraday. At 9.17am, it was trading at Rs 1,276 on the BSE, down 4.6 percent from its previous close. EBIT margin for the quarter stood at 19 percent which was lower than what analysts had projected. This was impacted due to a 220 basis points on-quarter decline in IT services and 70 basis points QoQ fall in engineering R&D. The management reiterated its double-digit dollar revenue growth guidance (including P&P growth of 0-1 percent YoY), but reduced its margin guidance to … [Read more...] about HCL Tech shares shed 6% on lower earnings, reduced margin outlook
Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Shares of IT major HCL Tech dropped by nearly six percent on January 17, in the first session following the release of its Q3 results. The company's share valued at Rs 1,258.75 at closing hours, which marked a plunge of 5.87 percent. The stock hit a low of Rs 1,255.10 on the BSE, down 6 percent, intraday. The Q3 numbers , released by HCL Tech on January 14, were largely in line with the expectations. Brokerages, however, raised concern towards the weak margin outlook. In terms of revenue, the company clocked an 8 percent sequential growth at Rs 22,331 crore, whereas, profit grew 5.4 percent QoQ to Rs 3,442 crore. Here's what brokerages have to say: Credit Suisse Close The brokerage has an ‘outperform’ call on the IT stock and has raised its target price to Rs 1,650 … [Read more...] about HCL Tech shares slide nearly 6% in first session after Q3 results; here’s what top brokerages say
Share to Twitter Share to Linkedin The Internal Revenue Service announced yesterday that the 2022 filing season will open January 24, and tax returns for individual U.S. taxpayers are due on April 18. Tax season is especially cumbersome for those who buy, sell, trade or invest in digital assets such as cryptocurrency and Non-Fungible Tokens, or NFTs. Unlike your average brokerage account at Edward Jones, until now, most cryptocurrency exchanges haven’t provide a 1099 or other information reporting form that accurately reports gains and losses from transactions entered into in a given year. Calculating basis, gains, and losses was incredibly cumbersome and expensive for investors in digital assets. Today, TaxBit announced a new network that will provide free, unlimited federal information returns needed for cryptocurrency and NFT investors for 2021 for transactions that were conducted on exchanges that belong to the TaxBit Network. Tax Reporting for … [Read more...] about Crypto Unicorn TaxBit Joins Forces With PayPal, Coinbase, FTX And More To Make Paying Bitcoin And NFT Taxes A Whole Lot Easier
Share to Twitter Share to Linkedin The January/February 2022 issue of Harvard Business Review (HBR) addresses the important issue of “digital disruption” with no less than four articles. The series argues that “old-economy companies” are “not doomed to suffer a slow demise.” The articles attack different facets of the subject and differ considerably in tone. Let’s hope that the emerging digital economy receives more HBR coverage in future. How Incumbents Survive and Thrive “ How Incumbents Survive and Thrive ” by London Business School professor Julian Birkinshaw presents research on the world’s biggest firms and contends that “digital disruption is real” but that it is “less destructive than you might think.” The article identifies “three myths: Every sector is under threat, disruption happens quickly and is accelerating, and established firms are struggling to adapt.” Overall, the article argues that disruption is happening at different speeds in … [Read more...] about HBR’s Four Different Takes On ‘Digital Disruption’