Stock Market Today: Multi bagger Godrej Properties share price has more than doubled in last one year giving multi bagger returns to the investors. The stock remains in news on strong sales numbers seen in FY24. As per release by Godrej Properties in Q4 of FY24, Godrej Properties’ bookingsRead More →
In a recent note, analysts at Jefferies said that they expect the hotel industry will conclude FY24 on a high note, with continued momentum in Revenue per Available Room (RevPAR) expected to extend into FY25. As per the brokerage, the key drivers propelling this growth include supportive macroeconomic conditions, withRead More →
Brokerage firm Jefferies has revised its rating on ITC stock from “buy” to “hold,” citing expectations that the conglomerate, known for its diverse portfolio from hotels to cigarettes, will likely experience a period of stability without significant movement. Additionally, the international brokerage has reduced its target price for ITC sharesRead More →
After closing 2023 on a high, the Indian equity market saw a slow start to 2024. In the week that ended 5 January, the benchmark Nifty 50 index was down 0.1% week-on-week in local-currency terms. Having said that, India was on a better footing than its Asian peers. Last weekRead More →
Brokerage firm Jefferies has shared ‘hold’ rating to FMCG major Hindustan Unilever (HUL), saying growth pick-up remained elusive. The brokerage firm has also reduced the target price from ₹2,720 to ₹2,563 per share. HUL stock plunged over 1.5% to ₹2,500 in early morning trade on December 7, against previous close atRead More →
Coal India remained the largest gainer during during the mahurat trading session and its share price gained up to 4.1% . Coal India had reported a strong performance during September quarter with 9.85% increase in revenue and a 12.51% increase in profit year-over-year during the September quarter. The results wereRead More →
Equity markets in India will fall if Prime Minister Narendra Modi’s party fails to retain power in national elections due next year, according to Chris Wood, the global head of equity strategy at Jefferies LLC. If the ruling Bharatiya Janata Party faces a surprise defeat in the national polls, asRead More →
Post the bellwether Tata Consultancy Services failed to lift the sentiments on the IT pack, it was the turn of Infosys that reported its Q2 performance on Thursday. The nervousness in the market was visible as the Nifty IT Index was down 1.67% led by correction in share prices ofRead More →
Prime Minister Narendra Modi’s prospects of getting re-elected in the 2024 general elections is a consensus view and the inevitable questioning of the current consensus would be one obvious worry for the stock market over the next 12 months, global investment banking firm Jefferies said in its GREED & fearRead More →
Long after Girish Kousgi announced his resignation, Can Fin Homes has finally zeroed in on Suresh Srinivasan Iyer, the ex Bandhan Bank housing vertical head, as the new managing director and chief executive officer (CEO). “We believe this is a positive given Iyer’s long experience in the mortgage industryRead More →
