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Krishnan Ramachandran's reappointment as CEO and MD of Niva Bupa Health Insurance has been approved by the IRDAI for a five-year term, starting May 1, 2025. With over two decades of experience in health insurance and healthcare, Ramachandran previously held leadership roles at Deloitte Consulting L.P., Arthur Andersen and Apollo DKV Insurance.
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GreenEdge Wealth's Digant Haria suggests large IT stocks may outperform large banks in the next year, citing comfortable valuations and gradual AI changes. He favors second-tier BFSI stocks like Equitas and Ujjivan, anticipating a turnaround from easing regulations. Haria also highlights domestic consumption, including building materials and consumer durables, as a promising sector.
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Thursday's earnings announcements include Tech Mahindra, HUL, and Axis Bank. Tech Mahindra anticipates strong profit growth but muted revenue. HUL expects subdued demand and flat volume growth. Axis Bank projects mid-single-digit net interest income growth with potentially muted profitability due to loan growth and stable margins.
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Benchmark indices surged for the seventh consecutive session, fueled by strong buying in IT, auto, and pharma stocks. LTIMindtree shares rallied 5%, while Axis Bank fell 0.89% and Hindustan Unilever rose 1%. Analysts recommend monitoring key support and resistance levels for potential breakouts and reversals in these stocks.
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The CoC vote concluded on April 21, 2025, after multiple extensions. Howen emerged as the top bidder in a process initiated through a Swiss challenge in 2022 following an unsolicited equity bid.
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