Mumbai: Shares of Reliance Industries, which have the second-highest weighting in the Nifty 50, surged more than 4% intra-day to touch a near three-week high after Goldman Sachs raised its target price citing higher returns on cash invested, and a change in the mix of capital expenditure. Reliance Industries is currently the largest company in … Read more
Shares of Reliance Industries (RIL) jumped 2.32% on Wednesday to hit the day’s high of Rs 2,951.90 on the NSE following Goldman Sachs’ buy reiteration on the oil-to-telecommunications conglomerate. The US-based brokerage also hiked the price target to Rs 3,400 from Rs 2,925 earlier. RIL shares had ended at Rs 2,883.15 in the previous session … Read more
Indian equities are poised to lure more foreign inflows after the general elections, with the economy’s promising growth prospects and the Federal Reserve’s rate cuts acting as catalysts. That’s the view from Rajiv Batra of JPMorgan Chase & Co., who says global funds’ positioning in India’s $4.3 trillion stock market remains light and investors will … Read more
Hindustan Unilever. Share Price 2421.55 03:59 PM | 28 Feb 2024 16.25(0.68%) Infosys. Share Price 1671.25 03:59 PM | 28 Feb 2024 7.66(0.46%) Tata Consultancy Services. Share Price 4118.95 03:59 PM | 28 Feb 2024 14.56(0.36%) Bharti Airtel. Share Price 1128.75 03:59 PM | 28 Feb 2024 1.25(0.12%) SBI Life Insurance Company. Share Price 1540.20 … Read more
Brokerage firm Jefferies maintained a hold rating on HCL Technologies and an underperform rating on Wipro post-Q3 results. Goldman Sachs maintained a buy rating on Polycab India and UBS initiated coverage on SBI Cards with a neutral rating. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Jefferies … Read more
Brokerage firm CLSA maintained a buy rating on RIL, Goldman Sachs downgraded ONGC, BPCL, and IOC. Jefferies has a buy rating on Godrej Consumer and Nuvama upgraded Infosys to buy ahead of Q3 results. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: CLSA on RIL: Buy| Target … Read more
NEW YORK: A strong US economy is among factors that may help American corporate earnings top current forecasts, according to Goldman Sachs Group Inc. S&P 500 companies’ earnings per share will rise 5% to $237 this year, Goldman strategists led by David Kostin have predicted. That’s already above the median $231 forecast of strategists tracked … Read more
New York: Goldman Sachs Group’s head of global currency, rates and emerging-markets strategy says he’s learned two main main lessons from one of the biggest – and most-common – bad calls of 2023: the bet on post-pandemic China’s reopening boom. At the beginning of the year, Goldman was among the chorus of Wall Street banks … Read more
