These 9 commodity stocks touch their new 52-week high; do you own any?
During Tuesday’s trading session, the Sensex benchmark index witnessed a rise of 418 points, closing at a notable 63,143 level.
Ahead of Market: 10 things that will decide D-Street action on Wednesday
The benchmark Sensex rose by 418 points to settle at a six-month high, driven by optimistic domestic macroeconomic data and gains in global markets. Buying in index majors Reliance Industries and ITC also added to the positive mood in equities. Additionally, the Nifty closed above the 17,700 mark.
Top Guns! RIL, LIC & 6 other Indian companies among 400 global heavyweights
Mukesh Ambani’s Reliance Industries climbed eight spots to the 45th rank, the highest for an Indian company on Forbes’ latest Global 2000 list of public companies
Concerned departments may consider course correction if PLI scheme not picking up: DPIIT
Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh said the concerned ministries have to see if PLI disbursement is low or if firms are not able to meet their performance thresholds, in such cases, sometime relaxations may be required like the way it has been done for the […]
Final Cost Inflation Index for FY24 to be fixed at 348
“This notification shall come into force with effect from the 1st day of April 2024 and shall, accordingly, apply in relation to the assessment year 2024-25 and subsequent assessment years” According to the Central Board of Direct Taxes (CBDT) notification. Cost Inflation index is used for calculating long-term capital gains arising from sale of immovable […]
With normal monsoon in sight, these 4 sectors can shower gains on D-St investors
The Indian monsoon is closely watched by investors as it holds significance for the government and the economy. The Indian Meteorological Department predicts a normal southwest monsoon this year, though El-Nino conditions pose a risk. A study by Stoxbox shows that the market does not react in a linear way to the outcome of the […]
HDFC-HDFC Bank merger to close soon, record date awaited
The merger of India’s HDFC Bank and Housing Development Finance Corp. is nearing completion, with investors waiting for the announcement of the ‘record date’, relating to the swap of shares. The merged entity will be worth $168bn, making it the world’s fifth-most valuable bank. A cut-off date will determine which HDFC shareholders are eligible to […]
We shouldn’t have any challenge as far as quality of book is concerned: Dinesh Kumar Khara
I think war perhaps might continue because some of the banks are still having the credit deposit ratio as high as about 85% plus. So I think that will probably push them to clamour for liabilities. So war might continue, but how long? We will have to probably wait and watch because how much more […]
Jefferies raises Tata Motors’ target, sees 24-40% upside in stock
Jefferies has raised the target price on Tata Motors to Rs 700 from Rs 665, estimating a 24% upside in the base case scenario. Meanwhile, Jefferies sees a maximum upside of 40%, with a price target of Rs 790 per share. The price target of Rs 700 is based on 11X FY25E EV/EBITDA for India […]
Hot Stocks: Brokerages on Hero MotoCorp, Mankind Pharma, Coal India, HUL and Tata Motors
JPMorgan has initiated coverage on Mankind Pharma, with an overweight rating and a target price of Rs 1,730. Goldman Sachs has reiterated its sell rating on Coal India with a target price of Rs 180, while maintaining its neutral rating on HUL with a target price of Rs 2,750. CLSA reiterated its buy call on […]