Brokerage firm Jefferies expects this railway stock to be a key beneficiary of the increasing passenger and metro coach demand. The stock has corrected significantly from record high levels.
Rupee opens at 93 per dollar after RBI backed unwinding, stabilising from recent volatility, but remains vulnerable as Iran tensions lift Brent crude to about 111 per barrel
BofA said the recent correction in banking stocks appears overdone, with value emerging, particularly in large banks. It has turned more constructive on the segment, citing the current macro outlook and attractive valuations.
HDFC Bank’s revised price target implies an upside potential of 24% from current levels, while for ICICI Bank, the revised price target indicates a 22% potential upside.
Stocks like Gallantt Ispat, Shyam metalics, CreditAccess Grameen and Godrej Consumer Products are among the top gainers on the Nifty 500 index on Tuesday, April 7, as these stocks are reacting to their respective fourth quarter business updates.
Karan Taurani, EVP at Elara Capital, says Nykaa continues to deliver steady 20%+ growth in beauty, but high valuations limit upside, with margins and competition remaining key factors to watch
The head of Yardeni Research last week said the S&P 500’s 9.1% retreat from its record closing high likely marked the low point.
Within the FMCG basket, CLSA said that it has a preference for food, over other household and personal care items. It sees the recent corrections in a few stocks as an opportunity to “buy”.
In the two months since CNBC-TV18’s last conversation with Rupal Bhansali of Double Duty Money Management, the Nifty 50 has fallen nearly 11%.
Pace Digitek had launched its ₹820 crore IPO in September last year, which had just about managed to see full subscription. The retail portion too was subscribed only 1.03 times the total number of shares on offer during the three-day…