markets News

L&T cross Rs 4 lakh crore m-cap; analysts see more upside post $4 bn Saudi Aramco’s order win

Engineering group Larsen & Toubro’s market capitalization hit 9 after its share price rose after it won a contract for Saudi Aramco’s Jafra unconventional gas development project, which is believed to be worth nearly $4 billion. It surpassed 4 million rupees on the 7th of the month. Other companies with a market capitalization over INR …

L&T cross Rs 4 lakh crore m-cap; analysts see more upside post $4 bn Saudi Aramco’s order win Read More »

Demat account openings hit 19-month high in August amid mid, smallcap rally; total count crosses 12.66 crore

August saw a surge in new investors opening demat accounts, even as benchmark indices fell. August saw the highest number of new entrants in the last 19 months. A total of more than 3.1 million Demat accounts were opened in August, compared with 29.7 million new accounts a month ago and 21 million for the …

Demat account openings hit 19-month high in August amid mid, smallcap rally; total count crosses 12.66 crore Read More »

Brokerages retain ratings, target prices for Kotak Mahindra Bank despite Uday Kotak’s exit

Uday Kotak`s resignation from the helm of affairs at Kotak Mahindra Bank seems to have little impact on the stock with most brokerages maintaining their target prices and ratings unchanged. Jefferies India has retained its ‘buy’ tag on the stock and kept the target price at Rs 2,400. Macquarie, too, stuck to its ‘neutral’ rating …

Brokerages retain ratings, target prices for Kotak Mahindra Bank despite Uday Kotak’s exit Read More »

Brokerages maintain RIL stock rating and target price, turn attention to earnings after AGM

Several brokerages have maintained their ratings and price targets for Reliance Industries, India’s most valuable company, after the Annual General Meeting (AGM). Analysts are somewhat concerned about market disappointment due to the lack of timelines for Jio and Retail spinoffs. Earnings are expected to be the focus of attention after the shareholders’ meeting, and analysts …

Brokerages maintain RIL stock rating and target price, turn attention to earnings after AGM Read More »