Stock Market

Reliance Industries signs MoU with Brookfield for renewable power in Australia

Reliance Industries and Brookfield Asset Management signed a memorandum of understanding (MoU) on 1 August to explore renewable energy and decarbonisation equipment manufacturing opportunities in Australia. The MoU aims to accelerate and reduce risks to Australia’s energy transition by enabling the country to locally produce clean energy devices such as photovoltaic modules, long-life storage batteries, …

Reliance Industries signs MoU with Brookfield for renewable power in Australia Read More »

Nifty gets August company: Rollover, historical data hint further uptrend in the month

Market trends over the past few months have been nothing short of euphoric, with the Nifty 50 benchmark index settling the most recent four consecutive derivatives streaks with net gains. At the same time, the index rallied more than 14% to a new all-time high, stopping at a distance near the 20,000 mark. It’s been …

Nifty gets August company: Rollover, historical data hint further uptrend in the month Read More »

Trade Spotlight | Your strategy for Hindustan Copper, CIE Automotive, Welspun India today

Markets recovered on July 31 after ending in the red for two days, but experts still see major indexes trading in a range until Nifty breaks near all-time highs this is close to 20,000 points, with the critical support at 19,500 points. We have seen participation from most sectors except for consumer staples which helped …

Trade Spotlight | Your strategy for Hindustan Copper, CIE Automotive, Welspun India today Read More »

NTPC Preview: 24% rise in Q1 net likely, brokerages positive on growth prospects

India’s largest power generation company, NTPC, is expected to report good growth in net profit for the quarter ended June 2023 compared to a year ago. Autonomous profit after tax is expected to grow 24% year-on-year to Rs 4,543.23 crore in the first quarter of fiscal 2024, while revenue is expected to grow 5% year-on-year …

NTPC Preview: 24% rise in Q1 net likely, brokerages positive on growth prospects Read More »

L&T buyback: Will it continue to propel the stock higher?

India’s largest engineering company, Larsen & Toubro (L&T), plans to pay more cash to shareholders by buying back up to Rs 10,000 worth of shares through buybacks. The engineering group’s board of directors approved the proposal to buy back 3.33 million shares, representing 2.4% of the total paid-in share capital, at a provisional price of …

L&T buyback: Will it continue to propel the stock higher? Read More »

Shriram Finance gains, brokerages see up to 17% upside after a healthy Q1

Shares of Shriram Finance opened higher on July 28, a day after the non-bank financier reported net profit for the April-June quarter up 25.13% year-on-year to 1,675 ,44 Rs. Investors seem impressed with the improvement in asset quality. Total Phase 3 assets fell to 6.03% as of June 30, from 6.21% in the March quarter …

Shriram Finance gains, brokerages see up to 17% upside after a healthy Q1 Read More »

Canara Bank: Can this Jhunjhunwala bet beat its industry peers?

Two years ago, late investor Rakesh Jhunjhunwala increased his stake in Canara Bank after he said PSB shares were “horribly undervalued”, and his wife, Rekha Jhunjhunwala, maintained. betting ever since. In fact, it has increased its holdings in public sector banking this year, and its holdings in the bank were 2.07% at the end of …

Canara Bank: Can this Jhunjhunwala bet beat its industry peers? Read More »

Mixed views from brokerage firms on BPCL following Q2 results

Brokers have mixed views on Bharat Petroleum Corp Ltd following the release of its June quarter results and earnings call. Jefferies India downgraded the stock to hold from buy and lowered its price target to Rs 425 from Rs 445 per share. Kotak Institutional Equities and Motilal Oswal Securities maintain bearish and neutral call options …

Mixed views from brokerage firms on BPCL following Q2 results Read More »