Jefferies has retained a ‘Buy’ rating for Eicher Motors with a revised price target of Rs 4,150. This revised target sees a 22% upside target. The share price of Eicher Motors soared nearly 4% intra-day following this upside revision. “We believe time is ripe to buy EIM given alleviating competitive concerns, along with tailwinds of […]
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Indian Railways’ Anji Khad and Chenab bridge may get operational by year-end – See PhotosIndian Railways’ Anji Khad and Chenab bridge may get operational by year-end – See Photos
1/10 Anji Khad bridge, the first cable-stayed railway bridge of India is nearing completion and the deck of the bridge is expected to be ready by May, 2023 on the Anji river in Jammu and Kashmir. (PTI photo) 2/10 Anji bridge is an “asymmetrical” bridge erected on a single pylon and it has tunnels on […]
Nifty short-term trend still bullish; buy Jubilant FoodWorks, TechM, SBI Life to pocket gainsNifty short-term trend still bullish; buy Jubilant FoodWorks, TechM, SBI Life to pocket gains
By Shrikant Chouhan The benchmark indices witnessed profit booking at higher levels, Nifty ended 34 points higher while the Sensex was up by 18 points. Among sectors, the metal index continued to be outperformed, rallied over 2.5 percent whereas selective IT stocks registered profit booking at higher levels. On Tuesday, after a gap up opening, […]
OnePlus Nord CE 3 Lite 5G rough-cut: Everything to know in 5 pointsOnePlus Nord CE 3 Lite 5G rough-cut: Everything to know in 5 points
1/5 OnePlus Nord CE 3 Lite 5G is OnePlus’s new budget phone in India. Follow-up to last year’s Nord CE 2 Lite, the Nord CE 3 Lite brings a notable list of upgrades including a design refresh, bigger screen, a 108MP camera, and 67W fast charging. OnePlus Nord CE 3 Lite 5G price in India […]
Adani Group deployed more than Rs 2.36 trillion worth equity as of FY23Adani Group deployed more than Rs 2.36 trillion worth equity as of FY23
Adani Group deployed more than Rs 2.36 trillion worth equity by the end of FY23, which was more than half of its total gross assets, through various strategic initiatives. The deployment was from FY14 and had the highest-ever cash balance of Rs 42,115 crore as of FY23-end. The cash balance was higher by Rs 1,764 […]
Edible oil imports may rise to 17 MT in 2022-23: IndustryEdible oil imports may rise to 17 MT in 2022-23: Industry
India’s import of edible oils – palm, soybean and sunflower is projected at a record 17 million tonne (MT) in the current oil year (November 2022-October 2023), trade body Solvent Extractors Association of India (SEA) said on Friday. Last year, exports amounted to 14 MT. The volume of cooking oil imports is expected to be […]
Rupee rises 9 paise to 82.61 against US dollar in early tradeRupee rises 9 paise to 82.61 against US dollar in early trade
The rupee appreciated by 9 paise to 82.61 against the US dollar in early trade on Friday, tracking cues from positive domestic equity markets on the back of robust macroeconomic data. However, outflow of foreign funds and crude prices hovering around USD 87 per barrel weighed on the domestic unit, according to forex traders. As […]
Burmans bolster financial services play with ReligareBurmans bolster financial services play with Religare
The Burman family’s open offer for acquiring Religare Enterprises has brought into focus their financial services play. The promoters of consumer goods company Dabur India have been slowing acquiring stakes in financial services companies for a while now. The family with a worth of $10 billion, according to Forbes India Rich List, have a 26% […]
Stocks To Watch: Kotak Bank, Infosys, ITC, Hindalco, Maruti Suzuki, Hero MotoCorp, Eicher MotorsStocks To Watch: Kotak Bank, Infosys, ITC, Hindalco, Maruti Suzuki, Hero MotoCorp, Eicher Motors
Stocks in focus: GIFT Nifty traded 0.03% higher during Monday’s early trading session at 19,553, indicating a flat opening for domestic indices NSE Nifty 50 and BSE Sensex. On Friday, the Sensex closed above the 65,300 mark, while the Nifty topped 19,400 by close. Sectors like metals, energy, automotive, and banking all saw gains, whereas […]
Yatra IPO opens for subscription; price set Rs 135-142 apiece; should you subscribe to the issue?Yatra IPO opens for subscription; price set Rs 135-142 apiece; should you subscribe to the issue?
Yatra Online IPO: Yatra Online IPO opens for public subscription on Friday, September 15, 2023 and will close on Wednesday, September 20, 2023. The bidding for anchor investors concluded on Thursday, wherein the company collected Rs 348.75 crore. The price band for its public issue at Rs 135-142 per equity share of face value Rs […]