Oberoi Realty shares hit record high after Nomura initiates coverage with Rs 2,500 target price
Oberoi Realty share price: Nomura Institutional Equities remains bullish, citing strong pre-sales momentum, rising annuity income, and strategic initiatives. It forecasts a 40% CAGR in pre-sales, reaching ₹11,500 crore in two years.
Gold Rate Today: Gold prices trade flat ahead of Fed Chair’s speech, US payrolls report
As of 10:10 am, February gold futures on the MCX were priced at Rs 76,871 per 10 grams, marking a slight decline of Rs 32 or 0.04% from the previous session’s close. In contrast, March silver futures traded at Rs 92,219 per kg, up by ₹22 or 0.02%.
Can Swiggy continue to trade at a discount to Zomato which has superior growth?
Rahul Jain, Director at Dolat Capital, indicates that Swiggy may face profitability challenges due to increased competition in quick commerce. Although Swiggy is making strides in innovations like 10-minute deliveries, it trails Zomato in execution and profitability. This gap may keep Swiggy’s valuation significantly lower than Zomato’s despite potential market share improvements.
Investec initiates Buy rating on JSW Infra, predicts 15% upside on strong growth prospects
Investec has initiated coverage on JSW Infra with a ‘Buy’ rating and a target price of Rs 370, suggesting a 15% upside. The brokerage expects the company to achieve over 20% revenue and EBITDA growth from FY24-30, driven by third-party cargo and strong JSW Group traffic.
10-year bond yield dips to 3-year low as policy easing bets rise
Indian government bond yields fall to their lowest levels in nearly three years, driven by expectations of the Reserve Bank of India’s potential liquidity infusion and interest rate cuts. Economic growth slowdown and consistent foreign inflows also contribute to the decline in yields.
South Korea shocker: US treasuries, US$, Yen, gold and crypto will be rallying today: Ajay Bagga
AJaj Bagga predicts an increase in crypto and gold prices due to political instability in South Korea. There will be a flight to safety, boosting investments in the yen, dollar, and US treasuries. South Korea’s status as a key hub in global tech supply chains may be disrupted, affecting market sentiment.
Swiggy shares climb 7% after Q2 results. Should you buy, sell or hold?
Swiggy share price: Swiggy shares climbed following strong Q2 FY25 revenue growth, despite a reported loss of Rs 625.53 crore. Innovations like Bolt for 10-minute food delivery and Instamart expansion contributed to a 30% YoY increase in gross order value, with strong broker expectations for future growth in food delivery and quick commerce.
Reliance Power shares rally 5% after SECI withdraws debarment notice
Reliance Power shares surged after Solar Energy Corporation of India Limited withdrew its debarment notice. The withdrawal allows Reliance Power and its subsidiary to participate in SECI tenders again. The legal proceedings led to this decision, although SECI retains the right to take further actions per the law. Reliance Power shares have increased significantly in […]
GRSE, other defence stocks rally up to 4% as DAC clears Rs 21,772-crore acquisition
Defence stocks rose up to 4% as the Defence Acquisition Council approved five capital acquisition proposals worth over Rs 21,772 crore. The procurement includes equipment for the Indian Navy, Coast Guard, and Air Force. This move is aimed at strengthening India’s maritime operations, coastal security, and aircraft protection.
Stocks to buy today: Axis Bank, Ashok Leyland among top 6 trading ideas for 4 December 2024
The Indian market is likely to consolidate on Wednesday, following mixed global cues. The Nifty futures closed positive on Tuesday, gaining 0.43% to settle at 24,534 levels. On the options front, the maximum Call Open Interest (OI) is at the 25,000 strike, followed by the 24,500 strike.