Kalyan Jewellers shares jump 4% to hit 52 week high on Citi’s target upgrade
Kalyan Jewellers Share Price: Other jewellery stocks like Senco Gold and Goldiam International also hit their fresh 52 week highs of Rs 1,292.45 and Rs 374, respectively. The stocks were up by 4% and 6% in the same order.
Don’t have the confidence to deploy huge additional money at these valuations: Sandip Sabharwal
Sandip Sabharwal discusses the current high valuations in the market and advises keeping cash on hand for future opportunities. He notes that while the IT sector has seen significant gains, further growth may be limited. Real estate stocks have performed well but face challenges ahead. FII flows into India have turned positive recently.
Sanofi Consumer Healthcare lists on stock exchanges after demerger, shares hit 5% upper circuit on day 1
Shares of Sanofi Consumer Healthcare India made their market debut on Friday, listing on both the NSE and BSE. On its first day of trading, the stock hit a 5% upper circuit limit, reaching Rs 4,702.9. Sanofi Consumer Healthcare India is the demerged consumer healthcare division of Sanofi India. The demerger, approved by the board […]
Campus shares rally 24% in 5 sessions, hits new 52-week high
Campus Share Price: Campus Activewear shares surged by 24% over the past five trading sessions to hit an all-time high on BSE despite a decline in Q1 FY25 financials. Brokerage firms remain optimistic with buy ratings and target prices set at Rs 305 and Rs 335.
Adani Group stocks see minor declines of up to 2% as Hindenburg fires fresh salvo
Adani Group stocks fell by up to 2% in early trading on Friday following a new report from Hindenburg Research. The U.S. short-seller alleged that Swiss authorities have frozen over $310 million in funds across multiple Swiss bank accounts as part of an investigation into money laundering and securities forgery linked to the Adani Group.
Zomato shares soar 126% this year: Still time to catch the bull run?
Zomato Share Price: Zomato shares have surged by 126% this year, driven by strong growth in food delivery and quick commerce. Analysts remain optimistic about the company’s future, citing improved margins and strategic acquisitions. Major brokerage firms like UBS, Jefferies, and JP Morgan have given positive ratings, further boosting investor confidence.
How Fed’s easing plans could shape global markets? Anurag Singh answers
So, US central bank has the best position to start the rate cut cycle vis-a-vis other economies, especially European Union, so that limits the extent to which dollar can fall. But, all said and done, we have interacted when dollar was what, 107, 108, even those days, imagine, now it is closer to 100, 101, […]
Demand reversal possible but no sign of Europe or US heading toward recession: Geoffrey Dennis
Geoffrey Dennis, an independent EM commentator, discusses the European Central Bank’s recent interest rate cut and its impact on economic growth. Despite sluggish growth in Europe and a slowdown in the US, Dennis does not foresee a recession. The ECB’s minor forecast adjustments for 2024 and 2025 reflect cautious optimism.
Patanjali Foods tumbles 4% after over 1 crore shares change hands via block deal
Patanjali Foods Share Price: Shares of Patanjali Foods fell by 4% on the BSE today, hitting a day’s low of Rs 1,855.10. The drop followed a block deal involving 1.2 crore shares, or 3.3% of the company’s equity, valued at Rs 2,223.4 crore. The floor price for the deal was set at Rs 1,815, with […]
Cherry-pick stocks with favorable risk-reward: Pawan Parakh
There are several stocks which are not really in your comfort zone and hence we need to pick up stocks on a bottom-up basis and need to cherry-pick ideas wherein the risk-reward is favourable. Otherwise, it is a tough market as far as stock selection is concerned.