Varun Beverages set for outperformance, shares may rally 10%: Antique Broking
Foreseeing Varun Beverages (VBL), PepsiCo’s largest franchise bottler in India, set for outperformance, domestic brokerage firm Antique Broking has given a target price of Rs 710 on the stock while retaining their ‘buy’ rating on the same. This represents an upside of nearly 10% for the stock from its previous closing price. “We believe growth…
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Citi upgrades Reliance Industries rating to ‘Buy,’ raises target price to Rs 1,530
Reliance Industries Ltd’s shares surged as much as 3% on Monday to Rs 1302.7 on BSE, after Citi upgraded the stock to a “Buy” rating, increasing its target price to Rs 1,530, citing favourable risk-reward dynamics after a 20% underperformance against the broader Indian market over the last six months. Citi’s latest report highlights an…
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These 6 F&O stocks saw a high increase in futures open interest – Surge in OI
IRFC Share Price 140.35 12:01 PM | 14 Nov 2024 0.73(0.53%) Suzlon Energy Share Price 56.73 12:01 PM | 14 Nov 2024 2.7(5.0%) IREDA Share Price 191.66 12:01 PM | 14 Nov 2024 4.07(2.17%) Tata Motors Share Price 776.9 12:01 PM | 14 Nov 2024 -9.36(-1.19%) YES Bank Share Price 19.41 12:01 PM | 14…
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Apollo Hospitals shares in focus today ahead of Q2 results. Here’s what to expect
Shares of Apollo Hospitals will be in focus today as the company will announce its quarterly numbers for the July-September 2024 period. The company is expected to report strong numbers in the second quarter, led by growth across all segments. Revenues are likely to rise up to 14% year-on-year, and profit for the quarter is…
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Tata Motors shares fall 2% as October sales remain flat YoY
Shares of Tata Motors today fell by 2.2% to an intraday low of Rs 825 on the BSE after the company reported a muted growth in its monthly auto sales on a yearly basis at 80,839 units. The company reported total sales of 82,682 units in October 2024, nearly unchanged from the 82,954 units sold…
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Stock to Watch: Infosys shares in focus after company raises FY25 guidance
Shares of leading IT services company Infosys will be in focus after the company announced its second quarter results, where it posted a 5% growth in net profit and revenues. The Bengaluru-based tech major has also raised its guidance upwards to 3.75-4% for the current fiscal year. The company reported strong revenue growth up 3.1%…
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Stock to watch: IndusInd Bank shares in focus as net advances jump 13% YoY, deposits rise 15% in Q2FY25
Shares of IndusInd Bank are expected to remain in focus on Monday as the lender reported net advances at Rs 3,56,980 crore as on September 30, 2024, reporting a 13% year-on-year jump versus Rs 3,15,454 crore in the year ago period. On a sequential basis, it was up by 3% as against Rs 3,47,898 crore…
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8 Indian stock picks inspired by Peter Lynch’s investment style – Stock Picks
Indian Railway Finance Corporation Share Price 169.85 04:03 PM | 6 Sep 2024 -3.63(-2.1%) One97 Communications Share Price 603.8 04:03 PM | 6 Sep 2024 -22.75(-3.64%) YES Bank Share Price 23.14 04:03 PM | 6 Sep 2024 -0.25(-1.07%) ITC Share Price 501.7 04:03 PM | 6 Sep 2024 -9.5(-1.86%) HDFC Bank Share Price 1636.95 04:03…
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A play on revival of capex cycle: 5 PSU banks with an upside potential of up to 36%
Synopsis After a gap of almost three months, PSU banks witnessed an across the board up move. If one looks deeper, even in the last three months of correction or rather consolidation, the cut in PSU stocks was not very high. They moved in a sideways range. This is very different if one takes into…
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FPIs pump in Rs 52,910 crore as Budget aims to foster stable investment environment
The foreign portfolio investor (FPI) community, which is set to play a major role in positioning India as the third largest economy in the world, has pumped in nearly 52,910 crore in equity and debt this month (till July 26). FPIs were consistent buyers as the Union Budget 2024-2025 focused on fostering a stable and…
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