Fri, Jan 27, 2023 2:25 PM
Rs 4 lakh crore gone in 2 days! Short-seller's attack leave bulls wounded
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Tata Technologies‘ posted its earnings for the quarter ended March after market close on Friday. What Happened: The Tata Group company’s consolidated net profit for the quarter ended March came in at ₹157 crore, down around 27% from the ₹216 crore posted in the same quarter last year. Revenue from operations was at ₹1,301.05 crore.
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India's largest private sector lender HDFC Bank Ltd on Friday (May 3) said the Reserve Bank of India (RBI) has approved the reappointment of Atanu Chakraborty as the part-time chairman of the bank for a period of three years effective from May 5, 2024, to May 4, 2027 (both days inclusive). Chakraborty is currently a part-time chairman and independent director of HDFC Bank.
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Market experts believe the recent pullback represents a healthy correction at elevated levels. They see the profit booking as anticipated and not a cause for alarm, indicating a natural adjustment following strong market performance. Moreover, they believe that such corrections could aid long-term investors. Despite this downturn, experts are optimistic that the bullish momentum will continue.
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