[ad_1] U.S. shares have fallen more than 23 percent from their September 2021 highs, holding the stock firmly in place. Although, Ltd., in its recent report, launched coverage on the stock with a ‘Buy’ rating and a target price of Rs 1,500, indicating a potential increase of over 17 per cent over the counter from its previous close of Rs 1,277.40. The company, with a market capitalization of over Rs 62,000 crore as on July 7, 2022, had hit a 52-week high of Rs 1,674 on September 22, 2021. Motilal…
Tag: ICICI
Apollo: Apollo Global revisits ARC joint venture with ICICI Bank, ‘looking for exit’
[ad_1] US-based private equity giant Apollo Global management is rethinking its asset reconstruction company (arch) after failing to start due to intense competition in the troubled debt space and seeks new avenues to invest in the space through an Alternative Investment Fund (AIF). Five people familiar with Apollo’s plans said the company has decided to invest in distressed assets through its AIF and will seek a buyer of over 90% of its stake in ARC. A person directly aware of the matter said, “Nowadays no fund needs to have an…
ICICI Lombard Share Price: Check Chart: Down 30% From High! This insurer is showing signs of a bullish turnaround
[ad_1] It may be down around 30 per cent from its September 2021 highs, but the stock is showing early signs of a trend reversal which bodes well for the bulls. The stock with a market capitalization of over Rs 56,000 crore hit a 52-week high of Rs 1,674 on 22 September 2021, but failed to sustain the momentum. The stock closed at Rs 1,144 which translated into a fall of over 31 per cent. Technical indicators suggest that a rally could occur after the recent selloff. Experts suggest that…
Industry confidence level improving: KV Kamath, ICICI Bank
[ad_1] ET Now talks with ICICI Bank Chairman KV Kamath for his expectations from the Narendra Modi government as well as the budget. Part: ET Now: Talking about the expectations from Narendra Modi, don’t you think that a man has a lot of hope and money behind him? Despite his good intentions, there are structural problems in the economy and even the prime minister doesn’t have a magic wand? KV Kamath: If you look back 10 years ago, the economy was approaching double digit growth despite all the structural problems.…