Oil stocks jumped up to 8% on Monday led by gains in state-run Oil & Natural Gas Corporation (ONGC) and market heavyweight Reliance Industries (RIL) on fuel supply concerns in the aftermath of a missile attack on a Trafigura-operated fuel tanker in the Red Sea. ONGC shares hit their 52-week high of Rs 253.20 on … Read more
Brokerage house Morgan Stanley is positive on ONGC, and Oil India, while Macquarie has an outperform rating on Delhivery. Axis Capital upgraded Indigo to buy, and Jefferies maintained a buy rating on Prestige Estate. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Morgan Stanley on Energy stocks: … Read more
The Nifty50 might have risen 10 per cent in the last six months, but half its constituents are still quoting at valuations below long-term averages. They included , , , Dr Reddy’s Labs and , among others. Many of these stocks are a ‘buy’, with analyst price targets, as per Trendlyne, suggesting 10 per cent … Read more
If we go by what Securities says, two companies, namely and , are expected to contribute up to 65 per cent of the incremental earnings in the June quarter. Motilal Oswal said, excluding the two companies, net profit for Nifty50, as a pack, may grow 13 per cent YoY in the June quarter. Including them, … Read more
NEW DELHI: The government on Thursday hiked the price of natural gas, that is used to produce electricity, make fertilisers and turned into CNG to use as fuel in automobiles and cooking gas for household kitchens. The 62 per cent price hike, coming on the back of a steep rise in international gas prices on … Read more