The combined market valuation of seven of the 10 most valued firms climbed Rs 3,04,477.25 crore last week, with HDFC Bank and LIC emerging as the biggest gainers amid an overall optimistic trend in equities. Last week, the BSE benchmark rallied 2,344.41 points or 3.47 per cent. On Friday, the 30-share BSE Sensex rose 303.91 […]
Oil prices on track for fourth straight week of declines
Oil prices were little changed on Friday but on track for their fourth straight week of losses after tumbling about 5% to a four month-low on Thursday on worries over global demand. Brent futures edged up 4 cents, or 0.1%, to $77.46 a barrel at 0529 GMT. U.S. West Texas Intermediate crude (WTI) was at […]
HUL’s volume growth may remain tepid in Q3: Nomura
Hindustan Unilever (HUL), the country’s largest consumer goods company, may see a muted volume growth in the October-December period, as festive demand remained weak, brokerage Nomura said on Thursday. The company would also see a pressure on its gross profit margins from higher cost of commodities as it has refrained from taking new prices in [&he
Red Sea disruption
The geopolitical risks of the ongoing war between Hamas forces and Israel’s army engulfing the region have escalated with attacks on shipping vessels since November 19 by Yemeni Houthi forces in the Red Sea, the route to and from the Suez Canal which is the quickest way for goods to transit between Asia and Europe. […]
Stocks to watch: Fortis Healthcare, Bajaj Finance, Suzlon Energy, Siemens
Stocks in Focus: GIFT Nifty traded up 50 points or 0.25% at 19,767.5, indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Thursday. Previously, on Wednesday, the NSE Nifty 50 soared 231.90 points or 1.19% to settle at 19,675.45, while the BSE Sensex jumped 742.06 points or 1.14% to 65,675.93. […]
Drone startup Garuda Aerospace plans for IPO in June-July
Chennai-based drone manufacturing start-up Garuda Aerospace is planning to raise a pre-IPO round by January and list its shares in the public market in June or July next year, the company said. “The infusion of substantial government investment into the agriculture sector has not only garnered national attention but has also piqued the interest of
JB Pharma’s Q2 results propel stock to 52-week high; Should you buy, hold or sell the stock?
JB Chemicals &Pharmaceuticals’ shares soared over 5% to hit a fresh 52-week high of Rs 1,536.25 a day after the company posted a 36% surge in profit after tax at Rs 151 crore in the second quarter of FY25 compared to Rs 111 crore in Q2FY23. The company’s revenue in the quarter under review stood […]
Jefferies Maintains ‘Buy’ Rating on PI Industries Despite Valuation Concerns, Cuts Target to Rs 4,120
Jefferies has maintained its ‘Buy’ recommendation on PI Industries, albeit with a revised target price of Rs 4,120 per share, citing valuation concerns. Despite the adjustment in the target price, Jefferies remains optimistic about the company’s prospects, underscoring key growth drivers and strategies outlined by the innovator. PI Industries, an i
Market to focus on macro data, global trends: Analysts
Global trends, macroeconomic data, and the outcome of the US Fed policy meeting are the major factors that will drive the movement in the domestic equity markets this week, analysts said.”In the upcoming data-centric week, the focus will be on crucial releases, including inflation data from India and the US. Indian inflation is expected to [&hellip
Retail onion prices to fall 30% by Jan: Official
Retail prices of onion are likely to fall below Rs 40/kg by January from the current average prices of Rs 57/kg due to improvement in domestic supplies following the ban on exports last week, consumer affairs secretary Rohit Kumar Singh said on Monday. “The spike in onion prices has been curbed through banning exports as […]