In today’s briefing:
- NIFTY Quiddity Leaderboard Mar 23: HDFC Merger, Pidilite, and Adani Power Leading the Race, and More
- Schlumberger Ltd: Digital Platform With Aramco & Other Drivers
NIFTY Quiddity Leaderboard Mar 23: HDFC Merger, Pidilite, and Adani Power Leading the Race, and More
- In this insight, we take a look at the potential ADDs/DELs for the NIFTY 50, 100, and 500 Indices in the run up to the March 2023 Rebalance.
- The completion of the HDFC Limited (HDFC IN) – HDFC Bank (HDFCB IN) merger is the most significant event that can trigger intra-review changes in the next few months.
- NIFTY Indices Limited also initiated a market consultation recently on the “treatment of merger/demerger in Nifty equity indices” and the outcome could have important index consequences for such intra-review changes.
Schlumberger Ltd: Digital Platform With Aramco & Other Drivers
- Schlumberger delivered a solid performance in its last result surpassing Wall Street expectations on all counts as its stock price continues to zoom to new highs.
- The company maintained a high execution level, producing another quarter of double-digit sales growth.
- All regions experienced growth internationally, and the growth rate accelerated to 13% sequentially and 26% annually.
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