Axis Securities initiates coverage on Shriram Finance with a buy call and a target price of Rs 3825, a 30% upside from the current market price. They cite the company's potential for increased market share, reduced cyclicality, portfolio diversification, steady asset quality, and strong return ratios as key drivers for this positive outlook.
Russia's railway network is struggling. War-related cargo and sanctions are causing bottlenecks. Investment in the railway has been cut. This is impacting commodity shipments to China. Coal miners and aluminum producers are facing shipping difficulties. The situation reflects broader economic challenges for Russia.
India ultimately will get its money. We will get the FII flow back into India. But in the near term, US is still better. The yields are much better here. So, we want to see what Trump does. He has spoken a lot. He wants to do a lot of stuff. It is America first.
The stock quoted a 52-week high price of Rs 246.35 and low of Rs 134.85.
The price action has led to the development of a Symmetrical Triangle pattern on the weekly charts, formed by connecting the highs from July 2021, December 2023, and December 2024. In technical analysis, a breakout from a Symmetrical Triangle pattern occurs when the asset's price moves decisively beyond the converging trendlines of the triangle, either upward or downward.
On the technical charts, the RSI of the stock stood at 50.29.
The Nifty Pharma index was trading 0.49 per cent at 22391.15.
JM Financial gives Brainbees Solutions stock a buy rating. The target price is Rs 692. FirstCry leads India's childcare market. It dominates the 0-4 age group. The company blends online and offline presence. FirstCry owns the popular BabyHug brand. Globalbees Brands acquired 21 brands. JM Financial projects strong revenue and profit growth. They see a 14% upside potential.
The global economy faces new challenges in 2025 after a brief post-pandemic recovery. Voter dissatisfaction with the cost of living crisis, potential trade wars under a Trump presidency, and geopolitical conflicts threaten stability. These issues compound existing concerns like climate change and economic stagnation, creating uncertainty for the coming year.
Market volatility and holiday-shortened week cause investors to eye FII flows and global markets. Analysts recommend Agarwal Industrial, Religare, and Anant Raj as buys, citing bullish indicators and breakouts. Angel One is a sell due to weakness and recent correction.
Corporate bond mutual funds invest at least 80% of their corpus in the papers of the highest-rated companies. This makes these schemes relatively safer than other debt schemes such as credit risk funds. They are also safer than gilt funds and long term debt funds that are highly sensitive to interest rate changes in the economy.
Gold February futures opened flat at Rs 76,363, while silver March futures rose 0.62%. Gold and silver prices surged recently, supported by a weaker US dollar and bond yields. Experts suggest buying gold and silver within set support-resistance levels.
India and Pakistan's highly anticipated Champions Trophy clash is set for February 23rd in the UAE, a neutral venue chosen due to political tensions. The PCB is hosting the tournament, using the UAE as a secondary location. India also faces Bangladesh and New Zealand in Dubai. Pakistan, the 2017 champions, begins their campaign against New Zealand in Karachi.
A unique Secret Santa gift—a tub of dahi (yogurt)—has gone viral after office worker Amar shared it on X. The thoughtful yet unusual gift, complete with a regional touch, has sparked widespread amusement and admiration on social media. As people often struggle to pick the perfect gift within budget, this quirky choice is setting new standards for creativity in gift-giving.
Indian benchmark indices opened higher on Monday, driven by strong gains in financial and IT stocks. HDFC Bank and Reliance Industries led the advance, boosted by positive regional cues and subdued US inflation data. Metals also saw gains following a safeguard investigation launch. The depreciating rupee further supported IT sector growth.
NHPC's shares may stay in focus as the company announced an investment of Rs 5,500 crore for a 1,000 MW solar power project in Bihar. The company signed an MoU with the state government at the Bihar Business Connect 2024 summit. Additionally, NHPC plans to produce green hydrogen from solar energy to power passenger buses.
Cheng Hui-pin, the head of the IT department, revealed this information in response to questions from Democratic Progressive Party (DPP) Legislator Chung Chia-pin. Chung asked questions about the security and quality of the legislature's wifi during a review of the LY's budget by the Judiciary and Organic Laws and Statutes Committee last Thursday, as per Taipei Times.
As of December 20, futures open interest surged for five NSE F&O stocks, with significant increases in Prestige Estates Projects, Varun Beverages, Tata Elxsi, Oil India, and Zomato.
Motilal Oswal recommends buying Anant Raj stock. The target price is Rs 1,100. The current market price is Rs 851.1. Anant Raj's recent financial performance is strong. The company reported increased total income and net profit. Promoters hold a significant stake in the company. Analysts predict revenue and margin expansion.
Shares of Ksolves India are expected to stay in focus on Monday after the company announced on Friday that its board has approved a 1:2 stock split. The decision, made during a meeting on December 20, 2024, involves altering the company's share capital by subdividing its existing equity shares. Each share with a face value of Rs 10 will be split into two shares, each with a face value of Rs 5.
National Farmers Day, celebrated on December 23, honours India's farmers and commemorates the birth anniversary of Chaudhary Charan Singh, the fifth Prime Minister of India. The day highlights farmers’ contributions to the country and focuses on issues like fair pricing, climate change, and sustainable farming practices. The legacy of Charan Singh continues to inspire agricultural policies that prioritise the welfare of farmers.
Companies working on ways to pull carbon dioxide from the air have raised more than $5 billion since 2018, according to investment bank Jefferies. Before that, there were almost no such investments.
Madhya Pradesh Chief Minister Shivraj Singh Chouhan stated that India's rising global stature allows for gifting religious texts like the Geeta and Ramayan to foreign dignitaries instead of Taj Mahal replicas. He also announced plans for religious infrastructure in Ujjain and an IT park, emphasizing the government's dedication to technological advancement and investment promotion.