The brokerage has a ‘buy’ call on the stock with a target price of 995, implying a potential upside of 10 percent from its current market price of ₹905 (as on February 23, 2024). HG Infra Engineering, established in 2003, is an infrastructure company headquartered in Jaipur, Rajasthan. The companyRead More →
More than four years ago, ICICI Bank, India’s second largest private bank, had crept ahead of SBI, India’s largest bank, in terms of market value. In the past 11 months (10 March 2023 to 7 February 2024), it steadily widened the gap with SBI to a daily average of overRead More →
The conflict in Israel remains in place, although that is unlikely to adversely affect the crude oil supply. However, the bigger development has been the US government’s efforts to continue to target Iranian proxies in the Middle East in retaliation for a suicide drone strike in Jordan, said ICICI BankRead More →
“The PSU story is synonymous with the India saga, a narration of several micro, albeit, powerful reforms (GST, RERA, JAM, digital infra, physical infra, PLI template, Bankruptcy Act, RBI’s inflation targeting and increasing credibility, etc) – each creating a small delta improvement, but in unison react in unpredictable, positive waysRead More →
With elections in mind, do you expect 2024 to be a year of double-digit returns? Well, elections typically bring volatility to the market, but history has shown that the real impact on the market is not just about the election itself but rather economic policies and progress over a longerRead More →
Shares of State Bank of India (SBI), the nation’s largest public sector bank, gained sharply in February, even as the bank reported a weak set of numbers in Q3, affected by higher wage provisions and soft other income. The stock has soared nearly 17% this month so far, marking itsRead More →
Mumbai: Public sector undertaking financial institution Ireda symbolised wild Wednesday, which saw the market swing widely as bulls and bears slugged it out. The stock opened at the lower circuit and recovered to close at the upper circuit as the market rose from being in the red to close wellRead More →
NMDC, Punjab National Bank (PNB), BHEL and Union Bank Of India are the top contenders for the inclusion in MSCI Global Standard Index after the February review which will result in significant inflow in these stocks, according to Abhilash Pagaria, Head of Nuvama Alternative & Quantitative Research. Apart from theseRead More →
Nifty declined 0.3 per cent in the previous week and formed a “Doji” candlestick formation on the weekly chart, indicating indecisiveness among market participants. According to Axis Securities, the chart pattern suggests that if Nifty crosses and sustains above the 22,000 level, it would witness buying, leading the index towardsRead More →
In the dynamic world of investment, recognizing the nuances of market cycles is pivotal for sustaining long-term success. As every bull cycle ushers in new leaders, investors are presented with opportunities to capitalise on businesses with compelling growth potential (more than 20% growth over the next four to five years),Read More →
