Uncategorized

Hi-Tech Pipes Share Price | For the nine-month period ended FY25, the pipemaker’s sales volumes jumped 30.33% to 3,69,415 MT from the previous year. 

Global brokerage firm Morgan Stanley’s top overweight picks remain Maruti Suzuki, Mahindra & Mahindra, Hyundai Motor India, and Ashok Leyland.

Axis Capital upgraded Coal India to “buy” from its earlier rating of “Add”. However, it cut its price target on the stock to ₹470 from ₹520 earlier.

Indo Farm Equipment is selling its shares in the price band of ₹204-215 apiece. Investors can apply for a minimum of 69 shares and its multiples to raise ₹260 crore.

Nimesh Chandan, Chief Investment Officer at Bajaj Finserv, which manages over $1.8 billion in assets, also shared his 2025 outlook on sectors like IT, quick commerce, and banking.

In India, 24-carat gold was priced at ₹7,833 per gram, and 22-carat gold was at ₹7,180 per gram.

Nifty 50 clocked a historic ninth consecutive year of positive returns in 2024 supported by domestic money. Foreign investors remained net sellers for the year, dumping stocks at a faster pace in the last three months of the year.

Bernstein will be a “careful buyer” in Financials with a reduced weightage, IT and Telecom as “overweight.” It has also upgraded Utilities to “overweight” but remain “underweight” on Industrials on lofty valuations.

Geoffrey Dennis, Independent EM Commentator stated that in 2025, slowing US growth, challenges in Europe, and China’s weakness will create global headwinds, but India’s resilience makes it a standout performer.

Royal Enfield Models with engine capacity up to 350 cc saw sales growth of 25% to 69,476 units, while those above 350 cc also grew by a similar quantum to nearly 10,000 units at 9,990.