Hot Stocks: UBS upgrades Infosys & downgrades Wipro; JPMorgan upgrades TCS
TCS has a neutral rating, but UBS raised the target price to Rs 4,050 from Rs 3,700 earlier. HCL Technologies has a neutral rating, but the target price was raised to Rs 1,540 from Rs 1,350 earlier.
Apple leads $383 billion tech rout in reversal from group’s 2023 rally
The so-called Magnificent Seven, which includes Apple Inc., Amazon.com Inc., Alphabet Inc., Microsoft Corp., Meta Platforms Inc., Tesla Inc. and Nvidia Corp., slipped for the last four trading days, the longest losing streak in a month, according to the Bloomberg Magnificent 7 Price Return Index. Shares of Apple, down 4.6% in the time period, lead […]
Jyoti CNC Automation IPO price band fixed at Rs 315-331 per share. Check details
Jyoti CNC Automation IPO will open for subscription on January 9. The IPO is worth up to Rs 1,000 crore and will be the first mainboard issue of the year. Investors can subscribe to a minimum of 45 shares in one lot and its multiples thereafter. The company is offering a discount of Rs 15 […]
Bajaj Finance shares jump over 4% on Q3 updates
Bajaj Finance’s deposit book stood at approximately Rs 58,000 crore as of 31 December 2023 as compared to Rs 42,984 crore in the year-ago period. This translates into a 35% growth year-on-year (YoY).
Hot Stocks: UBS upgrades Infosys & downgrades Wipro; JPMorgan upgrades TCS
TCS has a neutral rating, but UBS raised the target price to Rs 4,050 from Rs 3,700 earlier. HCL Technologies has a neutral rating, but the target price was raised to Rs 1,540 from Rs 1,350 earlier.
F&O stocks to buy today: ICICI Bank, Godrej Properties among top 6 trading ideas for 4 January
Positive setup was seen in stocks like Biocon, Bajaj Auto, Canara Bank, HPCL, Indus Tower, GMR Infra, HAL, Indian Hotel, Trent, Godrej Properties, ABB, IRCTC, Bharti Airtel, ITC, Cipla, Lupin and Glenmark.
Big movers on D-Street: What should investors do with DMart, RVNL and VST Industries?
Stocks that were in focus included names like DMart, which fell 4%, RVNL, which jumped 2.65%, and VST Industries, whose shares declined 1.7% on Wednesday.
Awarding of road projects remains weak in the first nine months of FY24
December was the third month after April and May where not a single project was awarded. Given the sluggish trend, analysts expect that NHAI may fall short of achieving the target of awarding 6,000 km for FY24. In such a case, FY24 may be the second consecutive fiscal year to show a drop in projects […]
Sceptics say $6-trillion cash waiting on sidelines is a mirage
So say a pack of stock skeptics who, while not counseling selling out of the market, warn that some of the bull cases going around suffer from some optimistic framings.
Metal companies plunge as China growth worries deepen
The Nifty Metal index fell 1.81% Wednesday. Among steel producers, JSW Steel, SAIL and Tata Steel slumped 3-4%. Shares of aluminium producers Nalco and Hindalco tumbled 6.5% and 3.8%, respectively.