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Who will win the elections? Here are brokerages' bull, base and bear case
Who will win the Lok Sabha Elections 2024? Here's what the brokerage houses are betting on? (Source: ET NOW)
Infosys, Hindustan Copper among 5 stocks with long buildup
A long buildup occurs when there is an increase in open interest and trading volumes alongside a rise in the price of the underlying stock in the Futures and Options segment, indicating a bullish trend in the market. In Friday's trading session, five stocks experienced a buildup of fresh long positions. Here's the list:
Tata Steel shares can rally up to 27%. Check target price of 5 brokerages
Brokerages hold a positive view on the metal major Tata Steel despite the firm posting a 64% year-on-year (YoY) decline in its net profit to Rs 611 crore in Q4FY24. The company’s profit was lower by Rs 1,094 crore as compared to the same quarter a year ago and also fell short of D-Street's Rs 991 crore estimates. Meanwhile, the revenue from operations in the reporting quarter too fell 7% YoY to Rs 58,687 crore. Here is how brokerages viewed the Q4 updates:
M&M shares surge 3% as BofA upgrades it to Buy, sees 22% upside
BofA Securities believes that the company has multiple growth catalysts that will play out over the next 12-18 months. M&M's core business remains steady with market share gains in the SUV segment and a potential turnaround in the tractor biz.
NSE launches new EV index, Tata Motors among top 10 stocks
The new Nifty EV & New Age Automotive index, launched by the NSE, aims to track the performance of companies active in the electric vehicles (EV) and new-age automotive segments. This includes manufacturers of electric and hybrid vehicles, hydrogen fuel-based vehicles, green hybrid vehicles, electric batteries, and components. Additionally, it encompasses companies producing or supplying raw materials relevant to EV and autonomous vehicle technologies, as well as, those building autonomous vehicles and supplying related technologies. Here are the top 10 stocks in the new EV index based on weightage:
GSM Foils shares list at IPO price on NSE SME platform
GSM Foils Share Price: GSM Foils lists on NSE SME at Rs 32 per share, with healthy IPO response of 250 times subscription. The company manufactures Blister Foils and Aluminium Pharma Foils for pharmaceutical packaging, capitalizing on India's robust pharmaceutical industry.
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LTIMindtree, Ipca Laboratories among 5 stocks with short buildup
A short buildup is when there is a rise in open interest and volumes along with a decrease in the price of the underlying stock in the Futures and Options segment. Short buildup means more people are expecting the prices to go down and creating short positions. In Friday's trading session, five stocks witnessed a build of fresh short positions. Here's the list:
Gainers & Losers: Paytm, Tata Steel and GMR Airports among 7 stocks in limelight on Thursday
Indian benchmark indices ended on a negative note for the fifth straight session on May 30, with Nifty closing around 22,500 on its monthly expiry. The Nifty opened with a gap down of 87 points and then fell 288 points from the day's high. The index ended the session near the day's low, settling at Rs 22,488, down 216 points. Meanwhile, Sensex dipped 0.83% or 617 points to end the day at Rs 73,885.60. Here is a list of stocks that witnessed the most action on Thursday:
Awfis Space Solutions shares list at 14% premium over issue price
Awfis Space Solutions Share Price: Awfis Space Solutions lists at 14% premium over issue price with strong investor interest and expansion plans. Financial challenges persist despite revenue growth. Book running lead managers include ICICI Securities, Axis Capital, IIFL Securities, and Emkay Global Financial Services.
CG Power shares climb over 4% after UBS hikes target price, predicts 34% upside
Shares of CG Power surged 4% to Rs 660 on BSE after UBS raised the stock's target price to Rs 850, implying a 34% upside potential. UBS lauded CG Power's capital allocation strategy and highlighted its profitability and value potential.
R R Kabel shares zoom 6% after posting 20% YoY jump in net profit. Should you invest?
R R Kabel's shares surged 6% on BSE to Rs 1,820.80 after reporting a 20.6% YoY increase in profit after tax to Rs 78.7 crore. The company's revenue rose 15.7% YoY to Rs 1,754 crore, with EBITDA margin at 6.6%.
Tata Steel, Nestle India among 5 stocks with short buildup
A short buildup is when there is a rise in open interest and volumes along with a decrease in the price of the underlying stock in the Futures and Options segment. Short buildup means more people are expecting the prices to go down and creating short positions. In Thursday's trading session, five stocks witnessed a build of fresh short positions. Here's the list:
Edelweiss Financial Services shares fall 17% post RBI action on 2 companies
Shares of Edelweiss Financial Services plummeted by 17% on the BSE, hitting a day's low of Rs 64, following a directive from the Reserve Bank of India (RBI). The RBI directed the company to cease and desist from acquiring financial assets due to concerns arising from structured transactions conducted by its group entities.
Samvardhana Motherson's stock target rise up to Rs 180. Should you buy, sell or hold?
Brokerages raised target prices for auto components maker Samvardhana Motherson International to Rs 180 as it reported a two-fold jump in net profit to Rs 1,444 crore for Q4FY24. Shares traded 1% higher on BSE at Rs 148.
Paytm shares jump another 5% despite denying talks with Adani
Paytm shares rose 5% amid reports of deal talks between Paytm CEO and billionaire. Shares hit upper circuit limit despite company's denial of discussions.
Adani Enterprises approves Rs 16,600-cr QIP
On Monday, the board of group firm Adani Energy Solutions also approved raising up to Rs 12,500 crore through a QIP. The two companies will raise a total of Rs 29,100 crore or around $3.5 billion.
LIC shares can rally up to 30%; check target prices of 5 brokerages
Brokerages are largely positive on LIC's future as they see an upside potential of up to 30% in the stock, suggesting target prices as high as Rs 1,300.
Brigade Enterprises shares rise 9%, hit 52-week high after Q4 profit jumps nearly 3-fold
Brigade Enterprises' shares surged 9% to a 52-week high after reporting a three-fold jump in net profit. Managing Director Pavitra Shankar expressed confidence in sustained performance with ongoing and upcoming projects in Bengaluru, Chennai, and Hyderabad.
Ashok Leyland shifts focus on margin improvement through price discipline
Analysts expect 12-12.5% EBITDA margin over the next two fiscal years allowing room for upgrades if the company is able to achieve its guidance of mid-teen margin in the medium to long term.
DOMS shares rally 10% to fresh all-time high after Q4 results; brokerages increase target up to Rs 2,121
DOMS Industries witnessed a remarkable surge of 10% in its shares on Tuesday on the BSE, reaching a new all-time high of Rs 2,035. This surge followed the company's announcement of a 29.6% year-on-year (YoY) increase in its Q4 profit after tax (PAT), which amounted to Rs 46.93 crore.
JP Morgan maintains overweight rating on LIC post Q4 results, sees 29% upside
JP Morgan maintains 'Overweight' rating on LIC post Q4 results, setting target price of Rs 1,340. LIC's market share growth and strong earnings drive stock performance.
Inox Wind shares tumble 10% as promoter likely sells stake via block deal
Inox Wind shares drop 10% on BSE to Rs 147.65 after a likely 5% stake sale by promoter entity IWEL via block deal. Company received 'A' rating from CARE Ratings for banking facilities. Inox Wind, subsidiary of Inox Group, provides wind energy services.
IRCTC, ABFRL, JSW Holdings among 453 companies declaring Q4 results on Tuesday
453 companies, including IRCTC and Aditya Birla Fashion, are set to declare Q4 results. Most companies report profits, boosting Nifty and Sensex to new highs. Market bullish ahead of Lok Sabha elections.
European shares little changed, inflation data in focus
European stocks were subdued on Monday, with several major markets closed and investors taking a cautious stance ahead of key inflation data from the United States and Europe later this week.
Torrent Pharma, Glenmark Pharma shares jump up to 9% after Q4 results
Shares of Torrent Pharma and Glenmark Pharma surged post Q4 results. Torrent Pharma's net profit jumped 56% YoY while Glenmark Pharma reported increased losses. Motilal Oswal provides target prices for both companies.
Asia shares inch higher before inflation tests
Asian shares edged higher on Monday as investors awaited a key U.S. inflation report that could impact interest rates. Thin trading was seen ahead of core personal consumption expenditures data, with risks on the downside.
Voda Idea shares jump over 11% on UBS upgrade
Analysts and investors have been bullish on Vodafone since its ₹18,000-crore follow-on public offer (FPO), India's biggest, in April. The issue was subscribed 7 times, with strong demand from global institutional investors.
Inox Wind shares zoom 10% to new high after 1:3 bonus share issue
Inox Wind shares surge 10% to a fresh 52-week high of Rs 166 on turning ex-bonus. The company plans a 1:3 bonus issue, with a record date revised to May 25. Recently, it was awarded 'A' rating from CARE Ratings for its banking facilities.
HOAC Foods shares list at 206% premium over IPO price
HOAC Foods shares listed on NSE SME platform at 206% premium over IPO price. The company handpicks raw materials for organic spices and works with Kfin Technologies. FMCG sector is growing, and GYR Capital managed the issue. The company reported revenues of Rs 11.48 crore and net profit of Rs 74 lakh.
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