State Bank of India (SBI), part of the PSU banking space, has rallied more than 20% in the last 3 months but the stock recently bounced back from 1-year consolidation range breakout levels. Short-term traders can look to buy the stock for a possible target of Rs 841 in the next 1-2 months, suggest experts. … Read more
Gabriel India Ltd, part of the auto component space, underwent consolidation after hitting record high in December 2023 which has taken the shape of a Flag pattern on the daily charts. A clear breakout from the pattern could take the stock to fresh record highs above 440 in the short to medium term, suggest experts. … Read more
Mumbai: Analysts at most top brokerages trimmed or retained share price targets on Navin Fluorine International after the chemical maker posted weaker-than-expected December quarter results. The stock dropped 5.35% to close at ₹3,087 on Wednesday off its 52-week low of ₹3,030. The average analyst price target on Navin Fluorine available by Bloomberg after the third … Read more
Shares of Refex Industries delivered jaw dropping returns over the last 10 year period, rising as much as 16,000%. Accordingly, if an investor had invested Rs 10,000 in the stock 10 years ago and stayed put, the investment would have now turned to nearly 16 lakh, according to an analysis by ET Markets. However, the … Read more
Mumbai: Analysts at most top brokerages trimmed or retained share price targets on Bajaj Finance after the non-bank lender’s third-quarter results missed estimates. The stock fell 5.10% on Tuesday to close at ₹6,825, emerging as the top Nifty loser on Tuesday. The average analyst price target on Bajaj Finance available on Bloomberg after the third … Read more
A bronze replica of the Charging Bull of Wall Street, inside the premises of the Bombay Stock Exchange (BSE) in Mumbai. File photo | Photo Credit: REUTERS The Indian stock market has pipped Hong Kong to become the fourth-highest equity market globally, Bloomberg reported. The combined value of shares listed on Indian exchanges reached USD … Read more
Mumbai: The market value of retail fashion chain Trent touched ₹1 trillion (lakh crore) on Friday, making it the fifth company from the Tata Group to achieve this milestone. Trent shares surged to an all-time high of ₹2,837.40 on Friday. The total market value of all listed Tata Group companies is over ₹25 lakh crore. … Read more
MUMBAI – Static process equipment manufacturing company Anup Engineering has been one of the star performers in 2023, giving a staggering 195% returns to investors. The company manufactures items like heat exchangers, reactors, pressure vessels, columns, and towers, and offers customised fabrications. Nuvama Professional Clients Group is bullish on the company and believes that it’s … Read more
NEW DELHI: Building on last week’s gains, Sensex and Nifty started the Hindu accounting year Samvat 2080 on a positive note by ending 0.5% stronger. Sensex ended 355 points higher while Nifty ended comfortably above the 19,500-zone. Buying action was more visible in the broader market as the smallcap index rallied over 1% with Welspun … Read more
Shares of IDFC First Bank fell over 5% to the day’s low of Rs 81.45 on the NSE in the opening trade on Monday amid selling pressure in banks and financial stocks. Though the stock managed to recover from its intraday lows around 10:30 pm, it was still down by 3%. Brokerage Motilal Oswal downgraded … Read more