Hot Stocks: Brokerages on Infosys, SBI, HCL Technologies and NMDC
JPMorgan maintained a neutral rating on Infosys with a target of Rs 1400 post September quarter results. The near-term outlook remains weak, but long-term potentially is strong.
Stocks to buy today: GAIL, CRISIL among top 9 trading ideas
India VIX was down by 3.30% from 10.98 to 10.61 levels on Thursday. Volatility cooled off and paved the way for the bulls to strengthen in the market.
Positive Breakout: Petronet LNG and 3 other stocks cross above their 200 DMA
Big movers on D-Street: What should investors do with NMDC, Britannia, and Laurus Labs?
Stocks that were in focus included names like NMDC, which rose 5.42%, Britannia, which rose 0.1%, and Laurus Labs, whose shares jumped 0.14% on Thursday.
Power Grid, REC, PFC among select PSU stocks on fund managers’ September list
As investors continued to allocate money to mid-, small-cap and multi-cap schemes, fund managers looked at companies that would benefit from the stability in the Indian economy.
Analysts have mixed outlook on TCS post weak Q2
Consensus EPS to drop; weak revenue commentary to weigh on P/E multiples
Piyush Goyal asks industry to accelerate production
He was addressing industry leaders at a chintan shivir (brainstorming session) where issues related to creating a manufacturing ecosystem, maintaining quality standards, promoting domestic value addition, government policies and support, and fostering industry agility were discussed.
RBI may need to use multiple price g-sec sales again for better rate transmission
In July 2021, the RBI announced a return to the uniform price auction method for primary government bond sales seven years after it said that such auctions would be held via the multiple price method.
RBI’s forex interventions used to manage volatility, not fix rupee level: Das
He also said there is a need to fully understand cryptocurrency risks before it is legitimised. Das said emerging markets always face spillover risks and India took a conscious decision to build buffers against these risks.
Retail investors can earn 5-17% over 3 months via TCS buyback
The country’s largest software services exporter announced a ₹17,000 crore share buyback, where it will acquire 40.9 million shares at ₹4,150 per share, at a premium of 17.5% to its Thursday closing price of ₹3,542. Investors can tender the shares in the buyback to benefit from an arbitrage opportunity.