Hot Stocks: Brokerage view on UltraTech Cement, Ambuja, L&T and Maruti Suzuki
Jefferies maintained a buy rating on L&T with a target price of Rs 3050. H1 should see order flow traction as elections drive front-ended FY24E order flow.
Number of IPOs hits multi-year high on good valuations, pricing
The stock market’s strong performance and favorable pricing are leading to a surge in initial public offerings (IPOs), with the number of IPOs reaching a multi-year high. In the current fiscal year, 166 companies have gone public through IPOs, surpassing the previous year’s total. However, the amount of money raised is lower compared to the […]
Fundamental Radar: Maruti Suzuki to see 18% revenue CAGR; Sneha Poddar explains how
Maruti Suzuki India is aiming to achieve a leadership position in the SUV segment by the end of the current financial year. The company is also focusing on the electric vehicle segment and plans to have six EV models that would contribute 15-20% to total sales by FY31. Motilal Oswal Securities has a bullish outlook […]
Stocks to buy today: ONGC, Oil India among top 6 trading ideas
India VIX was up by 10.73% from 11.58 to 12.82 levels on Thursday. Volatility spiked and touched 13 zones after four months and paved the way for the bears in the market.
Big movers on D-Street: What should investors do with ICICI Bank, Adani Power and RIL?
Stocks that were in focus included names like ICICI Bank, which fell 0.037%, Adani Power, which declined 0.37%, and RIL, whose shares dropped 1.26% on Thursday.
At multi-year highs: Larsen & Toubro among 4 stocks that saw 5-year swing high breakout
Positive Breakout: Saregama India and 3 other stocks cross above their 200 DMA
Temasek to shed 8-9% in Manipal Hospitals to sovereign wealth funds
Singapore sovereign wealth fund Temasek is selling 8-9% of its stake in Manipal Hospitals to Abu Dhabi fund Mubadala and Brunei Investment Authority. Temasek will continue to hold a 51% stake in the hospital chain. The sale is part of Temasek’s portfolio rebalancing strategy and could potentially help Manipal Hospitals in the future with large-scale […]
FPIs eye capex theme amidst signs of recovery in private sector expenditure
The expansion in the FPI weight in the capex sectors is on account of stock appreciation as well as a sustained inflow. The cumulative inflow in the capex play has crossed $5 billion this year so far or nearly one-third of the total FPI investment in Indian equities during the period. As a result, the […]
Govt bond yields log sharpest single-day surge for this year
Higher sovereign bond yields drive up overall borrowing costs in the economy as government securities are the benchmarks used by corporate entities to determine the pricing of their debt issuances.