NEW DELHI: Often touted as proxies to India’s growth story, Adani stocks have had a stellar run in 2022, outpacing benchmark Nifty by a wide margin. Five of the 10 Adani group stocks gave multibagger returns to investors, rising up to 200% this year while overall the market capitalisation of all companies together saw an … Read more
Mumbai: ICICI Direct expects the Nifty to touch 21,400 in 2023 and 50,000 by 2030. The retail broker’s 2023 target implies an upside of 16.2% from the current levels. Larsen & Toubro remains its top pick with a target price of ₹2,520 per share implying a 16% upside. Other picks include (target ₹660), Bosch (target … Read more
New Delhi, on Tuesday said it has issued 47.74 crore warrants to Adani family firm Harmonia Trade and Investment and raised Rs 5,000 crore. Ambuja Cement, now a part of Adani Cement, has issued 47.74 crore warrants at a price band of Rs 418.87, said a regulatory filing by the company. As per the terms … Read more
Brokerages have remained majorly positive on the cement pack, expecting companies to report decent growth in volumes, revenue and profit after tax (PAT) in the September quarter of the current fiscal year. However, the second is traditionally a soft quarter for cement producers from the demand point of view, considering the fact that monsoon hits … Read more
Nifty futures on the Singapore Exchange traded 278 points, or 1.61 per cent lower at 17,036, signaling that Dalal Street was headed for a negative start on Monday. Here are a dozen stocks which may buzz the most in today’s trade: : The Tata Group’s IT major will officially kick-off earning season of India Inc. … Read more
New Delhi: Radhakishan Damani-owned has been in an uptrend lately with the cement firm logging multi-year highs on Tuesday. India Cements’ shares rose 3 per cent to Rs 298.45 on Tuesday, with the stock hovering around Rs 300 level after almost 15 years. It had topped the Rs 300-mark in December 2007 and touched its … Read more
The Indian market recouped most intraday losses but failed to close in the green on Wednesday. The S&P BSE Sensex recovered after falling more than 1,000 points in the morning trade, while the Nifty50 closed above the 18,000 mark. The S&P BSE Sensex closed with losses of more than 200 points but managed to hold … Read more
Technical analysts expect the Nifty to test 17,300 in the short term after the index closed above the 17,000-mark for the first time in nearly two months on Friday. The Nifty ended with a gain of 2.6% last week at 17,158.25. If it crosses 17,300, a further upmove towards 17,800 cannot be ruled out, said … Read more
Synopsis The Indian cement industry is crowded with multiple players trying to survive in cut-throat competition. The top 5 players in the industry are UltraTech Cement, Shree Cement, ACC Ltd, Ambuja Cements and Dalmia Bharat. These players together have a capacity of over 270 million tonnes per annum (MTPA). Let us look at the top … Read more
Indian market closed higher on Monday for the second consecutive day in a row. The S&P BSE Sensex rallied more than 700 points while the Nifty50 reclaimed 16,200 levels. Sectorally, buying was seen in IT, metals, banks, capital goods, and the public sector while marginal selling was seen in FMCG stocks. Stocks that were in … Read more