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Essar Securities expects market volatility to continue in 2023
Essar Securities expects market volatility to continue in 2023 due to geopolitical uncertainties, rising interest rates, and inflation. The brokerage firm recommends investors to focus on quality stocks with strong fundamentals and avoid speculative bets.
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Essar Securities maintains 'buy' rating on HDFC Bank, raises target price to Rs 1,700
Essar Securities has maintained its 'buy' rating on HDFC Bank and raised its target price to Rs 1,700 from Rs 1,600 earlier. The brokerage firm believes that the bank is well-positioned to benefit from the rising interest rate environment.
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Essar Securities downgrades Reliance Industries to 'hold', cuts target price to Rs 2,500
Essar Securities has downgraded Reliance Industries to 'hold' from 'buy' earlier and cut its target price to Rs 2,500 from Rs 2,700 earlier. The brokerage firm believes that the company's valuations are stretched and that there are better investment opportunities available in the market.
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Essar Securities gets CDSL nod for MF distribution
Essar Securities has received the nod from the Central Depository Services (India) Limited (CDSL) to distribute mutual fund products.
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Essar Securities launches 'Zero Brokerage' scheme on Mutual funds
Essar Securities has launched a 'Zero Brokerage' scheme on Mutual funds. Under this scheme, investors can invest in direct mutual funds without paying any brokerage.
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Essar Securities gets Rs 100 crore Capital Infusion from Essar Steel
Essar Securities Limited (ESL), a leading diversified financial services company, has received a capital infusion of Rs 100 crore from its parent company, Essar Steel India Limited (ESIL). This strategic investment will further strengthen ESL's financial position and support its growth plans.
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Essar Securities Q3 Net Profit Jumps 35% to Rs 19.6 Crore
Essar Securities Limited (ESL) reported a 35% year-on-year jump in its net profit to Rs 19.6 crore for the quarter ended December 2022. The company's revenue from operations also rose by 18% to Rs 110.5 crore during the quarter.
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Essar Securities Launches New Mobile Trading App
Essar Securities Limited (ESL) has launched a new mobile trading app, 'Essar Trade', to provide its customers with a seamless and convenient trading experience. The app offers a wide range of features, including real-time market data, advanced charting tools, and easy-to-use order placement.