The first month of the new financial year 2024-25 (FY25) is drawing to a close this week with the US Federal Reserve policy meeting outcome. The month of May will also begin this week which will set the tone of the upcoming high-stakes general elections 2024. Investors will eye several stock market triggers this week including the January-March quarter results for fiscal 2023-24 (Q4FY24).
Open FlipThe mainboard segment of the primary market will again take a breather after the launch of JNK India IPO last week as new public issue is scheduled to open in the coming week. Nevertheless, investors' focus will remain on four small and medium enterprise (SME) issues and 4 listings scheduled for this week. Last week, JNK India's public offering garnered robust subscription exceeding 28 times.
Open FlipBajaj Finance vs Jio Financial: The March quarter numbers of Bajaj Finance and Jio Financial came out mixed, further complicating the question of which stock one should buy between these two. Bajaj Finance reported a decent double-digit rise in profit and interest income year-on-year. Jio Financial, on the other hand, reported a single-digit sequential rise in profit and interest income.
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