Buy Birla Corporation, target price Rs 1815: HDFC Securities
Birla Corporation Ltd. key Products/Revenue Segments include Cement, Jute Goods, Royalty Income, Other Operating Revenue, Export Incentives and Others for the year ending 31-Mar-2022.
Birla Corporation Ltd. key Products/Revenue Segments include Cement, Jute Goods, Royalty Income, Other Operating Revenue, Export Incentives and Others for the year ending 31-Mar-2022.
ACC Ltd., incorporated in the year 1936, is a Large Cap company (having a market cap of Rs 51081.89 Crore) operating in Cement sector.
Taiwan detected 66 Chinese aircraft, a record high, with 56 crossing the Taiwan Strait median line. Su Tzu-yun linked it to political tensions and PLA exercises involving the Shandong carrier near Miyako island and Balingtang Channel. This follows Taiwan President Lai's meeting with Washington's ambassador. The Philippine military noted China-Russia exercises amid South China Sea tensions.
Nuvoco Vistas Corporation Ltd., incorporated in the year 1999, is a Small Cap company (having a market cap of Rs 12855.84 Crore) operating in Cement sector.
External Affairs Minister S Jaishankar will host his counterparts for the 2nd BIMSTEC Foreign Ministers' Retreat in New Delhi on July 11-12.
HDFC Bank Ltd. and Bank of Baroda Ltd. posted a sequential drop in credit growth, suggesting that lenders — who have the highest weighting in the index are struggling to keep up the rapid expansion seen in recent years.
Dalmia Bharat Ltd., incorporated in the year 2013, is a Mid Cap company (having a market cap of Rs 34983.26 Crore) operating in Cement sector.
Indian market set to open higher following global cues. FIIs and DIIs were net buyers on Wednesday. Technical analysis points to resistance at 24,410 level on Nifty50. Experts recommend stocks like Havells India, Exide Industries, and HCC for short-term trading.
Hindalco Industries Ltd., incorporated in the year 1958, is a Large Cap company (having a market cap of Rs 155799.52 Crore) operating in Metals - Non Ferrous sector.
China's leadership tackles economic challenges including weak consumption, 14.2% youth unemployment, property crisis, local debt, export pressures, and falling foreign investment. Financial pressures, asset shortages, and currency depreciation risks, alongside deflation fears, are key concerns affecting the economy's recovery and overall stability.
Jefferies reaffirmed a 'buy' rating on RIL (Reliance Industries Limited) with a target price of Rs 3,580. They foresee the possibility of Jio, RIL's subsidiary, going public in calendar year 2025. According to Jefferies, choosing the IPO route could offer better control, although it would require significant retail participation to overcome the holdco discount.
Here's a concise synopsis: Dividends are distributed to shareholders whose names are listed in the company's records on the record date. With the T+1 framework, the record date and ex-date are usually identical, except when a market holiday falls after the ex-date.
Nifty saw a sharp reversal, recovering 150 points. ICICI Securities' VP Jay Thakkar highlighted a momentum shift to sell, with critical support at 24,200-24,400. Derivatives show call writing at 24,300-24,600, with strong puts at 24,000. PCR at 0.73 suggests bearish sentiment. Max pain is 24,300, with modified max pain at 24,365.
Shortly after Keir Starmer assumed leadership of the British government, Commerce Minister Piyush Goyal confirmed that the long-awaited Free Trade Agreement between the UK and India is on the verge of completion. This progress follows a telephone discussion between Prime Minister Narendra Modi and newly elected UK Prime Minister Keir Starmer, who secured a decisive electoral victory. The UK government stated that during their conversation, they discussed finalizing a mutually beneficial trade deal.
For every one bull there is a half bear and that is probably enough to spoil the mood on the street. The “risk on trade” which was once again getting started probably will get hit for some time at least because of the fact that the circular by NSE on what stocks and mutual funds will be accepted as collateral or not will have short term impact on the liquidity matrix of the system. Keep an eye on liquidity and the market breadth in the next few weeks as that will determine what happens to mid-cap stocks in the medium term. Читать дальше...
Sensex and Nifty saw significant declines. Stocks KIMS (+3%), Nykaa (+0.11%), M&M (-6.69%). Analyst Viral Chheda from SSJ Finance recommends: KIMS bullish, needs close above 2360; Nykaa in rally since April 2023, consolidating 120-200; M&M facing profit booking after uptrend since November 2021. Trading resumes today. Source: Economic Times.
One NSE circular and there is volatility across the market, before reacting to volatile moves, it is better to understand that when it comes to volatility, there are three things which one needs to take into consideration. First the magnitude of volatility. Second, the frequency of volatile movement and third which are the sectors leading it and overall market breadth during a volatile phase. There is a high probability that we might see more of it in the coming weeks. So, it would be better to stay prepared for volatility. Читать дальше...