Buy Bharti Airtel, target price Rs 1750: Axis Securities
Bharti Airtel Ltd. key Products/Revenue Segments include Service Revenue and Sale of Products for the year ending 31-Mar-2024.
Bharti Airtel Ltd. key Products/Revenue Segments include Service Revenue and Sale of Products for the year ending 31-Mar-2024.
Nifty closed positive for the 14th consecutive session, supported by ICICI Bank and HDFC Bank. The index ended at 25,279.85, gaining 1.15 points. It remained within a narrow range throughout the day. Analysts suggest that holding above 25,200 could lead to further gains towards 25,500 levels.
The number of credit cards in India is projected to reach 200 million by FY28-29, growing at a CAGR of 15%, according to a PwC report. The credit card industry has doubled its issuance over the past five years and is expected to continue this trend. However, debit card usage has declined due to the rising popularity of UPI and less attractive reward programs.
HDFC Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 1245715.91 Crore).
4 stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on September 3.
State Bank of India, incorporated in the year 1955, is a banking company (having a market cap of Rs 736102.03 Crore).
Today, OpenAI has more than 1,700 employees, and 80% of them started after the release of ChatGPT in November 2022. Altman and other leaders have led the recruitment of executive hires, while the new chair, Bret Taylor, a former Facebook executive, has overseen the expansion of the board.
Recent flooding in Gujarat was caused by severe weather and worsened by urban development and compromised drainage systems, according to IIT Gandhinagar researchers. The study highlights the need for improved urban planning and emergency response strategies to handle concurrent extreme weather events effectively.
Narayana Murthy, co-founder of Infosys, shared his leadership insights and values during the Teach for India Leaders Week. He emphasized the importance of discipline, responsibility, and selflessness. Murthy recounted personal anecdotes to illustrate these principles, encouraging young students to forge their own paths and make a difference for the nation's benefit.
The Indian market is expected to trade lower on Wednesday due to weak global cues. Nifty futures posted a slight gain of 0.02%, closing at 25,344 levels on Tuesday, while the India VIX fell by 1.56% to 13.84. In options trading, the highest Call open interest is at the 26,000 strike, followed by 25,300, and the highest Put open interest is at the 25,000 strike, followed by 25,250.
Aryna Sabalenka, preparing to face American Emma Navarro in the U.S. Open semi-final, humorously offered drinks to win over the home crowd's support. Sabalenka has had mixed experiences with the Flushing Meadows fans and aims to handle the pressure better this time, having consistently reached advanced stages in recent Grand Slams.
Nestle India Ltd. key Products/Revenue Segments include Milk Products, Prepared Dishes & Cooking aids, Confectionery, Beverages (Powdered), Export Incentives, Other Operating Revenue for the year ending 31-Mar-2024.
Aarti Drugs has set September 5 as the record date for its Rs 60 crore share buyback, making today the last day to buy shares to be eligible. The company plans to buy back 6.65 lakh shares, representing 0.72% of its paid-up capital. This is Aarti Drugs' sixth buyback since 2016.
ICICI Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 877905.23 Crore).
HSBC has reiterated its buy rating on Honasa Consumer's Mamaearth, raising the target price to Rs 570 from Rs 550. Honasa is expected to achieve over 20% structural growth with ongoing margin expansion. The company’s house of brands strategy aims to capture greater market share in high-growth personal care categories, supported by enhanced distribution, new brand scaling, and R&D investment.
Sandip Ghosh, former principal of RG Kar Medical College, has been remanded to eight days' CBI custody on charges of graft and financial irregularities. Alongside him, three others were also arrested. The CBI claims the accused are part of a larger corruption network. Public outrage was evident during court proceedings, with protesters demanding broader investigations into Ghosh's alleged involvement in other crimes.
Sapphire Foods, the operator of KFC and Pizza Hut, has set September 5, 2024, as the record date for a 1:5 stock split. This move aims to enhance liquidity and make shares more affordable for retail investors. Shareholders on record by this date will see each Rs 10 share split into five Rs 2 shares.
State-owned Ircon International and 12 other companies are in focus today as they have set September 5 as the record date for determining shareholders eligible for dividend payments. Ircon International announced a final dividend of Rs 1.30 per share for the financial year 2023-24, with payments starting from September 27.
Godrej Consumer Products Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 149408.48 Crore) operating in FMCG sector.
C R Kesavan questioned the silence of the Congress leadership, saying that the Gandhi family have abandoned the people of Himachal Pradesh. "We have read in papers from time to time that they (Gandhi family) go to Shimla for a vacation, but now why have they abandoned the good people of Himachal Pradesh? Mr Rahul Gandhi, who comments on everything under the sun, even in Timbuktu, why is he maintaining such a steely silence on the financial catastrophe by his own Congress government in Himachal Pradesh?"... Читать дальше...
A surge in data centers is projected to generate around 2.5 billion metric tons of carbon dioxide-equivalent emissions globally by the end of the decade, prompting increased investments in decarbonization efforts. Major tech companies like Google, Microsoft, Meta, and Amazon are driving this growth while committing to reduce emissions from their centers by 2030.
Understanding risks, recognizing market cycles, evaluating fundamentals, analyzing the sector, assessing management, reviewing financial strategies, differentiating between valuation types, employing a phased investment approach, and preparing for volatility. You can navigate the complexities of small-cap investing with greater confidence and avoid greed, fear which are elements which lead to wrong decisions. Even after all the effort, be ready to go wrong. That is what small caps are all about and... Читать дальше...
Snap will focus on expanding its advertising business with an emphasis on augmented reality, CEO Evan Spiegel informed employees. The company faces competition from Meta and TikTok for ad revenue. Snap plans to launch new ad placements powered by machine learning and develop augmented reality glasses. The stock has fallen around 48% this year.
Speaking at a Ficci event, Gadkari expressed frustration over previous experiences with construction materials, noting that while he had pushed for stainless steel in coastal areas, his earlier projects did not always adhere to this recommendation. He recounted an incident where iron rods were coated with powder to prevent rust, which ultimately proved ineffective.