ITC stock correction post BAT stake sale an entry opportunity, Emkay says
With the overhang of the stake sale largely behind, brokerage firm Emkay Global expects the stock to react to the expected improvement in financials.
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No recession signs in US, fears are overblown: Milken’s William Lee
The economist believes South Korea is a serious contender for global capital. While India is in a strong spot, Korea’s ability to balance ties with both China and the US, and its industrial strength, make it a strong competitor.
Gold under pressure: What’s driving the dip and where it may head next
In India, 24-karat gold was priced at ₹97,690 per 10 grams, while 22-karat gold stood at ₹89,550. The price of 18-karat gold was ₹73,270 an ounce, according to GoodReturns data.
Vedanta Dividend: Unit Hindustan Zinc set to reward promoter, shareholders on June 11
Hindustan Zinc is not a stock that carries a large free float in the market. Apart from Vedanta’s 63.42% stake, another 27.92% stake is held by the Government of India.
L&T bags order worth up to ₹2,500 crore order from JSW Energy for heavy civil infra unit
The order is classified as a “significant” order, which means the value of the order ranges between ₹1,000 crore to ₹2,500 crore.
Cement outlook steady despite Bengal’s surprise policy reversal: HDFC Securities
Rajesh Ravi, Institutional Research Analyst-Cement at HDFC Securities, noted that many companies had already stopped accounting for incentives in their books unless the cash was actually received.
Tata Motors shares FY27 Outlook: Aim for higher CV market share amidst subdued PV demand
Tata Motors has warned that free cash flow will remain negative in the medium term, even though the EV business is well-funded for the next three years.
Kalpataru Projects shares surge 5% after buildings and factories business wins ₹3,789 crore order
Earlier this year, in May, the company had announced that it has won orders worth around ₹2,372 crore. These orders involved the power transmission and distribution business in India and the overseas market.
Top stock picks | Bajaj Finance, NMDC, Eicher Motors, Ashok Leyland on the radar
On Monday, market tech analyst Mitessh Thakkar recommended these stocks for the short term.
Motilal Oswal recommends buying this polymer products producer for up to 41% upside
Other than Motilal Oswal, Systematix Group is the only other brokerage that has coverage on the stock with a “buy” rating as well and a price target of ₹615 per share.