In a recent analysis, leading brokerage firm Goldman Sachs has predicted a potential upside of as much as 54% for shares of Reliance Industries (RIL), led by billionaire tycoon Mukesh Ambani. This optimistic outlook is based on Goldman Sachs’ bull case scenario estimates for the financial year 2026, projecting RIL’s share price to reach Rs4,495.
Goldman Sachs has maintained its “buy” recommendation on Reliance Industries, revising its price target on the stock to Rs 3,400 from Rs 2,925 previously. This revised target suggests a substantial upside of 17% from the closing price recorded on Tuesday.
The brokerage firm remains bullish on RIL’s risk-reward profile, citing favorable factors such as the expected value accretion from the Reliance-Disney joint venture.
Baron Capital marks Swiggy’s valuation at 14.7 billion Info Edge reports Q1 profit at Rs 232.90 cr, posts strong cash generation on sustained billings growth in no…
The share of Nifty 50 companies in the portfolio of individual investors has slipped to a 22-year low of 36.8% as of June 30, according to a report by the National Stock Exchange (NSE). This has been driven by consistent outperformance of the mid-cap and small-cap stocks and the consequent higher inflows that they have managed to attract after the Covid pandemic.
The benchmark Nifty has risen 122% in the last five years, which translates into an average annual return of around 24%. The major broader market indices, however, have soared 250-350% during the same period.
The bumper returns have drawn retail investors towards these stocks directly as well as through mutual funds.
6 richest Indians who have built their wealth in crores by investing in the stock market – Radhakishan Damani, Rekha Jhunjhunwala and Raamdeo Agrawal CDSL shares jump 6%, hit fresh 52-week high after 1:1 bonus share issuance Mutual Funds: Top 5 large cap funds with over 20% annua…
The bumper debut of Tata Technologies on Dalal Street led to a surge in the conglomerate’s overall market capitalization, reaching a new high of Rs 26.20 lakh crore on Thursday. The engineering unit of Tata Motors witnessed an astounding 180% rally on its debut, marking one of the most substantial gains for a public offering of its size.
With the exception of Rallis India, all Tata Group companies have posted positive returns in 2023. Notably, Benares Hotels, Automotive Stampings & Assemblies, and Trent have more than doubled their stock values since January, while Tata Motors and Tata Investment Corporation recorded impressive surges of 81% and 94%, respectively. Tata Motors also holds the title of the top gainer on the Nifty 50 for the year.
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a lacklustre opening on Monday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty traded down by just 2 points or 0.01% at 21,766 indicating lacklustre opening for domestic indices NSE Nifty 50 and BSE Sensex on Monday. Previously, on Friday, the NSE Nifty 50 gained 52.20 points or 0.24% to settle at 21,710.80, while the BSE Sensex ended higher by 178.58 points or 0.25% to 72,026.15.
“Following a rapid rebound from its positional support at 21500, bullish activity has resumed in the market, with buying interest evident during dips. The prevailing sentiment is bullish, but Nifty encounters initial resistance at 21750, facing selling pressure. Immediate support rests at 21600. A conclusive close above 21750 levels could propel Nifty towards the 22000 mark, signaling further upward movement,” said Kunal Shah, Senior Technical & Deriv…
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Wednesday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty traded up by 37 points or 0.17% at 21,899 indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Wednesday. Previously, on Tuesday, the NSE Nifty 50 ended down by 238.25 points or 1.08% to settle at 21,817.45, while the BSE Sensex plunged 736.37 points or 1.01% to 72,012.05.
“Following the BoJ’s decision to hike interest rates for the first time in 17 years, the Asian peers’ mood turned sour, which pulled the Indian market to continue its recent pessimism. The correction in the domestic market has also been triggered by concerns over premium valuations and the delay of rate cuts by the US Fed due to hotter than expected inflation, which is evident from the upward trend in the dollar index,” said Vinod Nair, Head of Res…
While the market buzz intensifies around the Tata Tech IPO, three other major mainline IPOs— Flair Writing, Gandhar Oil Refinery and Fedbank Financial Services have concurrently opened for public subscription today. From the price band to GMP, here’s everything you need to know about them;
Flair Writing IPO
Flair Writing IPO opens for subscription today and will close on Friday, November 24, 2023. The bidding for anchor investors concluded on Tuesday, wherein the company collected Rs 177.90 crore. The price band for its public issue at Rs 288-304 per equity share of face value Rs 5 each. At the upper end of the price band, the company’s promoters and shareholders seek to raise Rs 593 crore from the IPO. Ahead of the public issue, Flair Writing shares’ GMP surged 20% over the upper end of the share price on offer.
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Thursday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty traded up by 82.50 points or 0.35% at 23,451.50 indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Thursday. Previously, on Wednesday, the NSE Nifty 50 ended up by 58.10 points or 0.25% to settle at 23,322.95 while the BSE Sensex jumped 149.98 points or 0.20% to 76,606.57.
“Ahead of US inflation data and the FOMC meeting, global markets largely remained positive. The consensus indicates expectations of stable US inflation, but the trajectory of potential rate cuts holds significant importance for future direction,” said Vinod Nair, Head of Research, Geojit Financial Services.