KOTAK CAR INSURANCE
Rs 8,300 crore worth block deals take place this week; SBI, Zomato and Vodafone Idea see major action
In the largecap segment, 15 companies witnessed significant block deals which were worth Rs 5,731 crore, led by Kotak Mahindra Bank with 24 block counts, totalling Rs 1,500 crore.
Latest health and general insurance claim settlement ratio released in 2024
Do you know how good is your insurer is in settling claims and how long it takes for your health or general insurer to settle claims? Or how many claims did they reject last year? It is important to keep track of the claim settlement performance of your insurer. IRDAI has recently released the claim payment details of general and health insurance companies. Check here
BFSI stocks: They shed weight much before others do, time to be contrarian and buy?
The kind of correction the broader market is witnessing in the last few days, the financial services sector had seen that few months ago. Infact, if one looks at the overall picture this phase of correction was led by one private sector bank and the other parts of the BFSI came under pressure at the start of 2024. For two reasons, first is that RBI has been doing a policy tightening and regulatory cleanup excerise, so there were some margin hits coming in earnings. Second, they are heavily owned by foreign portfolio investors who have been sellers in the Indian markets. A large number of times they give an advance indication of what the broader market might look like in near term. Similarly, the other way round, these stocks on a relative basis have performed better than others in the last few days. The first streak of relative outperformance is good enough indication for them to be brought on watchlist.
Rupyy appoints Vineet Tripathi as chief business officer
Vineet Tripathi has over two decades of experience with banks, insurance companies and NBFCs. In his previous stint, he served as the chief business officer at Poonawalla, and has held leadership positions at Bandhan Bank, Tata Capital, Kotak Mahindra Bank, GE Money and Birla Sun Life Insurance.
These largecaps have ‘strong buy’ & ‘buy’ recos with upside potential of over 20%
In volatile markets, where there is a readjustment in valuation across midcap space, it is only a matter of time that the concept of relative valuation will come into play and large caps will get more attention from the market. Stocks from different sectors are making to the list, this week, stocks from Oil refining and marketing, private banks, insurance, auto ancillary and fertilizer space. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks.
Nifty Financial Services index stocks: Will they lead the correction once again?
For all those, who are surprised the fact that all of sudden bank nifty or finnifty witnessed a sharp fall, it would worth remembering that whether it is upward or southward movement of Nifty and Sensex, it is largely led by financial services because of high ownership of institutional investor’s both domestic and foreign portfolio investors. So if there a sell of due to risk off mode for emerging markets, which market has moved to in last few days. It is financials which are likely to lead to the decline, but, there is equal sharp recovery in them. So, be careful both in buying and selling decision in financial space.
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These largecaps have ‘strong buy’ & ‘buy’ recos and upside potential of more than 20%
While the correction has been going on in the market since the middle of July, it is only on days like Monday where everyone on the street feels that equity markets are correcting. It is only a matter of time that the concept of relative valuation will come into play and large caps will get more attention from the market. Stocks from different sectors are making to the list, this week, stocks from Oil refining and marketing, private banks, insurance, auto ancillary and fertilizer space. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks.
Nifty Financial Services index stocks: Will they decline sharply as US bond yields inch up and go into risk-off mode?
Whether it is upward or southward movement of Nifty and Sensex, it is largely led by financial services stocks which include banks, both private and public sector and other heavyweights which essentially are part of the financial services. The reason, high ownership of foreign portfolio investors ( FPIs) in the majority of financial services and banking stocks. Given the fact that yields on US bonds have reached closer to 5 percent mark and there are clear fears looming on the street, about an increase in global cost of capital.
ICICI Lombard Q2 Results: Pre-tax profit rises 25% on higher premium collection
ICICI Lombard General Insurance, backed by ICICI Bank, has reported a 25.3% increase in pre-tax profit for the second quarter, driven by higher premiums and investment income. Profit before tax rose to INR 7.64 billion ($91.80 million) from INR 6.10 billion a year earlier, while profit after tax fell 2.2% to INR 5.77 billion due to higher provisions for tax.
These largecaps have ‘strong buy’ & ‘buy’ recos and upside potential of over 20%
After a correction which has been caused by both domestic and global events, Nifty is once making an attempt to move into a range bound mode. During this period, one should keep an eye on market breadth as it would give a more reliable indication of what is in store both in short and long term for Indian equities. During this period analysts are bullish on certain large cap stocks. Stocks from different sectors are making to the list, this week, stocks from Oil refining and marketing, private banks, insurance, auto ancillary and fertilizer space. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks.
Financial Services sector stocks: Will they lead correction or turn saviours for Nifty?
Financial services stocks and IT stocks are the main components of the Nifty. A large number of times when IT stocks are under pressure, it is financials that come to the rescue. When financials are under pressure it is IT stocks which tend to play the balancing act. While IT stocks have been underperforming for some time, what needs to be seen is that in today's trading session, with Infy's Q2 result impact bringing another round of pressure, will financials services stock be able to give much needed support. If they also witness any strong pressure due to the global development then it would bring more pressure on nIfty which would also lead to pressure on broader markets.
These largecap stocks have ‘strong buy’ & ‘buy’ recos and upside potential of more than 20%
After a correction, Nifty is once making an attempt to move into a range bound mode. During this period, one should keep an eye on market breadth as it would give more reliable indication of market conditions. During this period analysts are bullish on certain large cap stocks. Stocks from different sectors are making to the list, this week, stocks from Oil refining and marketing, private banks, aviation, insurance, auto ancillary and fertilizer space. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks.
How to transfer no claim bonus of motor insurance policy to a new vehicle
When a policyholder purchases an insurance policy, he receives an NCB certificate, and it is now up to him whether or not he files any claims within the policy year.
These largecaps have ‘strong buy’ & ‘buy’ recos and upside potential of more than 20%
While Nifty might be correcting from its recently formed new highs, the broader market continues in bullish mode making analysts bullish on select large cap stocks. Making to the list are companies from different sectors, right from an insurance provider to private banks to new age companies. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks.
These Nifty Financial Services index stocks may give 15-27% returns over next one year
A large number of times whenever there had been a correction in the nifty, especially due to any specific sector like IT stocks coming under pressure it was financial service stocks including banks which have been able to help the nifty recover. In this phase of correction, some financial services sector stocks are also under pressure, though not very high. Will they be again coming to rescue of nifty or not ? We take a look at what analysts are saying for all the financial service stocks which are part of the Nifty financial services index.
These largecaps have ‘strong buy’ & ‘buy’ recos and upside potential of more than 20%
While Nifty might be correcting from its recently formed new highs, the broader market continues in bullish mode making analysts bullish on select large cap stocks. Making to the list are companies from different sectors, right from an insurance provider to banks to new age companies. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks.
Nifty Financial Services index stocks: Will they come to rescue Nifty once again?
A large number of times whenever there had been a correction in the nifty, especially due to any specific sector like IT stocks coming under pressure it was financial service stocks including banks which have been able to help the nifty recover. In this phase of correction, some financial services sector stocks are also under pressure, though not very high. Will they be again coming to rescue of nifty or not ? We take a look at what analysts are saying for all the financial service stocks which are part of the Nifty financial services index.
Nifty Financial Services index stocks: Will they come to rescue Nifty in this phase of correction?
In the last many months when IT stocks came under pressure it was financial service stocks including banks which have been able to help the nifty recover. But in the last week, while the financial services part of the index has done well, some pressure was seen on the banking side of the index. We take a look at what analysts are saying for all the financial service stocks which are part of the Nifty financial services index.
Car loan may not be the best option to buy a used car; consider these ways instead
There are a good number of buyers who go for a second-hand car. Cost-effectiveness is, of course, a major factor. A two-year-old vehicle can be 20-30 per cent cheaper than a new one. Most car companies have their pre-owned divisions, and several banks and non-banking financial companies (NBFCs) offer lucrative rates and deals. So should you opt for an auto loan to buy a pre-owned car?
Nifty Financial Services index stocks: Will they come to rescue Nifty when IT stocks bring pressure?
In the last many months when IT stocks came under pressure it was financial service stocks including banks which have been able to help the nifty recover. On days when global markets are under pressure and the nifty is showing signs of out performance. A number of times this up move is led by financial service and bank stocks. We take a look at what analysts are saying for all the financial service stocks which are part of the Nifty financial services index.
These car insurance add-ons worth Rs 6,500 can save you from paying Rs 3.5 lakh for rain damages
Car insurance add-ons: Some of the must-have add-on covers during monsoon season are — engine protection cover, zero depreciation cover, 24x7 roadside assistance, return to invoice and consumable covers. Before you buy add-on covers, you must take a look at how much they cost and how much you will save during monsoon. Read on
Nifty Financial Services index stocks with upside potential of up to 20%
In the last many months when IT stocks came under pressure it was financial service stocks including banks which have been able to help the nifty recover. In fact after auto it has been the financial services stocks which has led to nifty touch new highs. On days when global markets are under pressure and the nifty is showing signs of out performance. A number of times this up move is led by financial service and bank stocks. We take a look at what analysts are saying for select financial service stocks.
Nifty Financial Services index stocks with upside potential of up to 24%
In the last many months when IT stocks came under pressure it was financial service stocks including banks which have been able to help the nifty recover. On days when global markets are under pressure and the nifty is showing signs of out performance. A number of times this up move is led by financial service and bank stocks. We take a look at what analysts are saying for select financial service stocks.
Nifty Financial Services index stocks with upside potential of up to 28 %
In the last many months when IT stocks came under pressure it was financial service stocks including banks which have been able to help the nifty recover. On days when global markets are under pressure and the nifty is showing signs of out performance. A number of times this up move is led by financial service and bank stocks. We take a look at what analysts are saying for select financial service stocks.
‘Buy’ calls galore on Nifty Financial Services index stocks with one exception, that too a big wealth creator
The provisions of the budget brought a number of financial services under pressure. However, in the last many months when IT stocks came under pressure it was financial service stocks including banks which have been able to help the nifty recover. On days when global markets are under pressure and the nifty is showing signs of out performance. A number of times this up move is led by financial service and bank stocks. We take a look at what analysts are saying for select financial service stocks.
Zurich Insurance eyes $400 million stake in Kotak General Insurance
Zurich Insurance is reportedly in early-stage talks to acquire up to a 51% stake of Kotak General Insurance for roughly $400m, marking its first big gamble on the growing South Asian insurance market. The potential acquisition is valuing the Indian firm at around $800m, according to anonymous sources. Zurich, one of Europe's largest insurers, has reportedly expressed an interest in either a 49% or majority stake in Kotak. India's general insurance market grew 11% in 2021-22, hitting $26.7bn, and is largely considered vastly underpenetrated, with non-life insurance penetration barely hitting 1%, compared with the global average of 4.1%.
Zurich Insurance eyes $400 million stake in general insurance arm of Kotak General Insurance
The stake the Swiss insurer wants to secure will be worth around $400 million. Kotak is still evaluating offers, including from other investors, but it prefers retaining "control of the company" after the stake sale, the first source said.
‘Buy’ calls galore on Nifty Financial Services index stocks with one exception. Will analysts be right?
The provisions of the budget brought a number of financial services under pressure. However, in the Q4 earning season when IT stocks came under pressure it has been financial service stocks including banks which have been able to help nifty recover. On days when global markets are under pressure and the nifty is showing signs of out performance. A number of times this up move is led by financial service and bank stocks. We take a look at what analysts are saying for select financial service stocks.
You can save 20% on car insurance premium if you buy Pay As You Drive; who should opt for it?
The 'Pay As You Drive' insurance product is a comprehensive own damage (OD) plus third party (TP) policy. There are two basic types of ‘Pay As You Drive’ policies — one is based on the kilometers driven and the other is the number of days the insurance policy is on, said experts. Who should opt for 'Pay As You Drive' insurance? ET Wealth Online explains
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