Independent Analyst Anand Tandon views insurance as a core area for long-term growth. He notes India is no longer underinsured in policy numbers, but policy values have potential. He suggests separating insurance from investment, favoring protection-focused policies. Tandon sees growth opportunities in life insurance and LIC's shift to non-participating policies.
IRCTC's shares experienced a 3% surge following the announcement of a 26% YoY increase in consolidated net profit for Q4FY25, reaching Rs 358 crore. Revenue from operations also saw a 10% rise to Rs 1,269 crore. While the average target price suggests a potential upside, the consensus rating remains at 'Hold'.
Unified Data-Tech Solutions shares listed at Rs 285 on the BSE SME. The IPO saw massive oversubscription. High net worth individuals showed phenomenal interest. Retail investors also participated enthusiastically. The company provides IT solutions. It serves BFSI and other sectors. Unified Data-Tech reported significant profit growth. The company maintains a debt-free status.
American stock futures saw a rise. The dollar's value increased after a US court blocked Donald Trump's global tariffs. The court considered the tariffs illegal. Nvidia Corp's strong earnings also boosted market confidence. Contracts for the S&P 500 and Nasdaq 100 experienced gains. However, the Trump administration can appeal the ruling in federal court. Oil prices also saw a jump.
Sebi has barred former IndusInd Bank executives, including the CEO, from trading due to alleged insider trading. They are accused of trading on information about accounting discrepancies before public disclosure. The regulator impounded 19.8 crore, representing gains avoided by selling shares before the price drop following the disclosure of a 1,529 crore discrepancy.
US Federal Reserve officials anticipated potential economic challenges. Rising inflation and unemployment were concerns discussed in their last meeting. Staff projections indicated increased recession risks. These risks were tied to proposed tariffs. The Fed decided to hold steady the benchmark policy rate. The central bank awaits clarity on the Trump administration's tariff plans.
The Lokpal dismissed complaints against former Sebi chairperson Madhabi Puri Buch, which were based on a Hindenburg Research report, citing a lack of verifiable material. Allegations of impropriety and conflict of interest, including investments in offshore funds linked to Vinod Adani, were deemed untenable and unsubstantiated. The Lokpal emphasized that Buch had redeemed the investments before the Sebi investigation began.
Life Insurance Corporation shares surged almost 8% on Wednesday, marking the highest single-day gain since December 2023, fueled by strong guidance and renewed investor confidence. Analysts attribute the surge to improved Value of New Business margins and management's optimistic growth outlook. Despite past underperformance compared to peers, attractive valuations and regulatory adjustments suggest potential near-term momentum for LIC.
