Vodafone Idea shares get big upgrade from UBS; stock up 5%

Vodafone Idea shares get big upgrade from UBS; stock up 5%

Telecom operator Vodafone Idea today found another backer when global broking firm UBS upgraded the stock to buy with a target price of Rs 18, saying that it is expecting relief on government dues as well as a mobile price increase. Following the upgrade, the stock jumped over 5% to Rs 14.82. “We believe the … Read more

Kaynes’ strength in mainstays to keep its stock at a premium

Kaynes’ strength in mainstays to keep its stock at a premium

ET Intelligence Group: The stock of Kaynes Technology India, an electronics manufacturing company, has gained 26% in the past two trading sessions boosted by robust revenue growth in the March quarter and an upbeat margin outlook. The printed circuit board assembly (PCBA) supplier to leading automakers and healthcare companies has guided for revenue growth of … Read more

Hero MotoCorp’s market cap reaches Rs 1 lakh crore

Hero MotoCorp’s market cap reaches Rs 1 lakh crore

New Delhi: The country’s largest two-wheeler maker Hero MotoCorp’s market cap reached Rs 1 lakh crore for the first time on Tuesday as its stock crossed the Rs 5,000 mark. Hero’s stock has surged 85.42% in the last 12 months and 21.8% so far this year. Investors have been upbeat on the stock on the … Read more

Varun Beverages shares surge over 5% post Q1 results. Should you buy, sell or hold?

Varun Beverages shares surge over 5% post Q1 results. Should you buy, sell or hold?

Shares of PepsiCo bottler Varun Beverages (VBL) jumped 5.5% on BSE today to the day’s high of Rs 1,558.45 after reporting an increase of 25% year-on-year (YoY) in March quarter PAT to Rs 548 crore. The brokerages have increased the target price for the stock post earnings announcement. The company’s revenue from operations in Q1 … Read more

Sensex can zoom to 1.5 lakh by 2029 but don’t be a speculator

Sensex can zoom to 1.5 lakh by 2029 but don’t be a speculator

“If trouble comes when you least expect it, then maybe the thing to do is to always expect it.” Cormac McCarthy Considered in a proper historical and comparative perspective, the 30-share Sensex, which breached the 25,000 mark in May 2014 and the 50,000 mark on January 21, 2021, smashed the psychological 75,000 barrier, zooming to … Read more

NSE stock soars 25% in unlisted market post 4:1 bonus issue

NSE stock soars 25% in unlisted market post 4:1 bonus issue

Mumbai: Shares of the National Stock Exchange surged by more than 25% in the unlisted market this week following a 4:1 bonus announcement last Friday. According to brokers dealing with the unlisted shares, the stock was trading at around ₹4,300-4,400 last week and is currently trading in the ₹5,400-5,800 range. At ₹5,500, NSE is valued … Read more

Stock, mutual fund investment: Is updating KYC info before March 31 must for all investors?

Stock, mutual fund investment: Is updating KYC info before March 31 must for all investors?

Stock market: Investors active in the stock market and mutual funds trading whose Know Your Customer (KYC) credentials are found to be inconsistent with the officially valid documents (OVDs) have been asked to update their information before March 31, 2024. That means just one day is left to update the KYC information. Failure to do … Read more

Technical Stock Pick: 30% rally in 3 months! This port stock could hit fresh 52-week highs in short term

Technical Stock Pick: 30% rally in 3 months! This port stock could hit fresh 52-week highs in short term

Gujarat Pipavav Port Ltd (GPPL), part of the port services, rallied by about 30% in the last 3 months to hit a fresh record high earlier in March 2024 and the chart pattern suggests that the rally may not be over yet. Short-term traders can look to buy the stock now for a possible target … Read more