Mumbai: Analysts at most top brokerages raised or retained share price targets on Reliance Industries (RIL) following the company’s March quarter results which were mostly in line with estimates. The stock fell 1.4% to close at ₹2,919.5 on Tuesday The average analyst price target on Reliance after the fourth quarter results stood at ₹3,113.94 – … Read more
Mumbai: Access to Dalal Street is no longer the exclusive preserve of Mumbai’s richer neighbourhoods or old-money Kolkata. Discount brokers, which began democratising equity exposure a decade ago, have since harnessed the mobile data revolution to tell India’s eye-popping growth story to ordinary savers in Madurai, Moradabad or Mangaluru – and wrest a three-fifths share … Read more
India’s economic trajectory over the last decade has been nothing short of remarkable. With robust macroeconomic management and a resilient corporate sector, the nation has emerged as a beacon of stability in a tumultuous global landscape. Despite the challenges posed by the Covid-19 pandemic, India has maintained its course, showcasing resilience and adaptability in the … Read more
Bank of America (BofA) has resumed its coverage on One 97 Communications with ‘Underperform’ rating and a target price of Rs 400 which is a 3% downside from the Monday closing price of Rs 412.20 on the NSE. The company which operates Paytm is expected to witness a gradual growth in its lending business, the … Read more
Hinduja Group flagship company Ashok Leyland has reported a seven per cent decline in its vehicle sales made in March at 21,317 units. The city-headquartered heavy commercial vehicle maker had sold 22,885 units during the same month of last year. Ashok Leyland had sold 14,517 units of medium and heavy commercial vehicles in March 2024 … Read more
“Risk-reward is pretty favourable and if you look at market leaders like Col-Pal they are trading at 52-week highs, so they are already setting the trajectory for other FMCG peers to follow,” says Aditya Arora, Adlytick Help us understand this move that we have been seeing in the FMCG pack over the last couple of … Read more
New Delhi: India’s car industry is on track for a record-breaking year, with sales expected to touch about 4.23 million vehicles, buoyed by a double-digit sales surge this month. The robust performance would cement India’s position as the world’s third-largest passenger vehicle market, staying ahead of Japan for the second year in a row. As … Read more
Mumbai: Notwithstanding heightened concerns over froth and over-valuation in the small-cap and mid-cap space, some money managers and brokers are recommending to investors with a high-risk appetite to make fresh investments in such stocks or schemes that invest here. Strength in earnings growth and decline in share valuations in the mid-cap and small-cap segments following … Read more
Eicher Motors. Share Price 3882.80 09:41 AM | 20 Mar 2024 165.96(4.47%) Maruti Suzuki India. Share Price 11884.75 09:41 AM | 20 Mar 2024 287.71(2.49%) Bharat Petroleum Corporation. Share Price 570.85 09:41 AM | 20 Mar 2024 13.15(2.36%) IndusInd Bank. Share Price 1462.05 09:41 AM | 20 Mar 2024 27.96(1.95%) Bajaj Auto. Share Price 8772.90 … Read more
The domestic passenger vehicle (PV) market is estimated to grow by six to nine per cent in the current financial year over the preceding fiscal, according to ratings firm ICRA. In absolute terms, the PV industry will clock a sales figure of 4.2 million units in the current fiscal. The report said that dealer inventories … Read more
