Brokerage Citigroup maintained a buy rating on Adani Ports, CLSA maintained a buy rating on D-Mart, Macquarie initiated coverage on AB Capital and Jefferies has a buy rating on BEL. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Jefferies on Defence: BEL, HAL, Data Patterns Jefferies maintained … Read more
Do you think Nifty will peak out at around 21,000-22,000-level? Hold on! The most bullish target for the new year 2024 goes as high as 25,000 while bears see the market crashing up to 20%. Domestic broking firm ICICIdirect has set Nifty target for December 2024 at 25,000 by valuing the index at 20x PE … Read more
Equity indices rebounded on Thursday after sliding for the past two sessions. The 30-share Sensex jumped 490 points to settle at 71,847 and the Nifty climbed 141 points to 21,658 points. Stocks that were in focus include names like Bajaj Auto, which fell 0.81%, Sobha, which jumped 15.8%, and Adani Ports, whose shares jumped 2.5% … Read more
Indian equities are set to end the year with a record winning streak, with the drivers of the rally transcending the nation’s largest companies. Robust economic growth, an infrastructure push and a pause in interest-rate increases have helped propel its equity market to successive highs. Stocks related to real estate, industrials and capital goods are … Read more
Brokerage UBS maintained a buy rating on Zomato and initiated coverage on Adani Ports and Delhivery. Motilal Oswal recommended a buy on Siemens. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: UBS on Zomato: Buy| Target Rs 150UBS maintained a buy rating on Zomato with a target … Read more
Shares of Adani Total Gas have turned multibagger in just eight sessions giving 115% returns. On Thursday, the stock jumped 10% and hit the day’s high of Rs 1,053.30 amid significant volumes. Around 11 am, over 82.45 lakh shares changed hands on the NSE. The stock has hit back-to-back 20% upper circuit this week. Even … Read more
A stellar 30% gain in two sessions saw the market capitalisation of the Adani Group stocks top the Rs 13 lakh crore mark on Tuesday. This is the first time that the group’s shares touched the Rs 13 lakh crore mark after facing a decline earlier this year following a report by American short-seller Hindenburg … Read more
The US government concluded that short-seller Hindenburg Research’s allegations of corporate fraud against Indian billionaire Gautam Adani weren’t relevant before extending his conglomerate as much as $553 million for a container terminal in Sri Lanka, a senior US official said. Allegations in a scathing report by US-based Hindenburg Research, which erased around $100 billion from … Read more
