Tata Motors shares can fall to Rs 550, predicts Jefferies. Should you sell?
Jefferies has cautioned that Tata Motors’ share price might fall to Rs 550, citing significant YoY declines in Q1 EBITDA and pre-ex PBT, falling below estimates. The brokerage anticipates an EPS decline in FY26, followed by modest growth. Challenges across businesses, including JLR pressures and weak CV demand in India, contribute to the negative outlook.
Shreeji Shipping sets IPO price band at Rs 240-252/ share
Shreeji Shipping Global Ltd, specializing in dry bulk cargo solutions, has announced its IPO with a price band of Rs 240-252 per share, aiming to raise Rs 411 crore. The IPO opens from August 19-21, with anchor investor bidding on August 18. Proceeds will fund dry bulk carrier acquisitions and debt repayment.
KRBL shares surge over 18% in two days as Q1 profit surges 74% YoY
KRBL share price: KRBL’s profit after tax (PAT) rose 74% year-on-year to Rs 151 crore in Q1FY26, up from Rs 87 crore in the same quarter last year, driven by strong revenue growth and better operational performance.
Peter McGuire expects continued gold and silver rally driven by central banks and Fed policy
Oil prices are expected to decline further, potentially reaching the $50s due to increased production and hopes for a Russia-Ukraine peace deal. This would benefit consumers and lower inflation.
Cameron Brandt says Trump-Putin meeting unlikely to spark major market shifts
Geopolitical events have limited long-term impact on fund flows, with investors often viewing dips as buying opportunities. While some money is slowly exiting the US amidst tariff negotiations, it’s primarily moving into liquidity funds. India’s fund inflows, previously recovering, have been impacted by new tariffs, particularly on pharmaceuticals, creating uncertainty in the market.
Nifty could see short covering on direct rise above 24,433: Anand James
Nifty experienced a sixth consecutive negative weekly fall, but a potential pullback is anticipated early in the week due to recovery signals after lower Bollinger Band penetrations. While broader markets struggle, PSU Banks show mixed signals with potential support from key stocks like SBI. MAHLOG and CMSINFO are top picks, indicating reversal attempts with bullish […]
Sudip Bandyopadhyay reaffirms long-term bullish view on LIC
Inditrade Capital’s Group Chairman, Sudip Bandyopadhyay, favors life insurance, particularly LIC, citing its strong quarterly results and long-term potential. While cautious about health insurance due to market uncertainties, he highlights domestic-focused pharma like Mankind Pharma and hospital chains like Apollo Hospitals as promising investments, while advising caution on diagnostic companies due to intense competition.
Gold slips as dollar firms, investors book profit; US data on tap
Gold prices experienced a dip on Monday, influenced by a stronger dollar and profit-taking after a recent surge. Investors are keenly awaiting U.S. inflation data, crucial for gauging the Federal Reserve’s interest rate strategy. Spot gold decreased by 0.7% to $3,373.37 per ounce.
Positive Breakout: Sanghvi Movers, Motherson Sumi among 10 stocks close cross above their 200 DMA
A total of 15 NSE-listed stocks with a market capitalisation of over Rs 1,000 crore closed above their 200-day moving average (DMA) as of August 8. Of these, we have highlighted the top 10 that posted gains of more than 1.5% in the previous trading session, according to stockedge.com’s technical scan data. The 200-day daily […]
BlueStone Jewellery IPO opens for subscription; GMP at 2%. Check all details
BlueStone Jewellery and Lifestyle is set to launch its IPO on August 11, aiming to raise Rs 1,541 crore through a fresh issue and offer for sale. The IPO, priced between Rs 492 and Rs 517 per share, will close on August 13.