Posts in category Economic Times
Buy ICICI Lombard General Insurance Company, target price Rs 1325: Sharekhan by BNP Paribas (03-08-2022)
ICICI Lombard General Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 60980.64 Crore) operating in Financial Services sector.
Big Movers on D-St: What should investors do with this Jhunjhunwala-owned stock, Adani Transmission and Berger Paints? (03-08-2022)
Our opinion is to wait for a fresh entry. Let the stock correct till Rs 95 odd levels and then we can buy for higher levels of Rs 130-150 in the next 6-8 months. Hence, we recommend waiting for some correction and then buying at lower levels of Rs 95 and more on dips of Rs 85 with a stop loss of Rs 75 on a weekly closing basis on the upside, we can see levels of Rs 130-150 in the next 6-8 months.
Adani Green Q1 profit drops 2%, revenue up 67% (03-08-2022)
During the quarter, the company received an investment of $500 mn from Abu Dhabi based International Holding Company PJSC as primary capital in AGEL. This, the company said, will help deleverage the balance sheet, strengthen the credit rating profile thereby helping reduce the cost of capital and support future growth.
Gold falls as US dollar, yields rise on hawkish Fed comments (03-08-2022)
Traders now see a chance of about 44% that the Fed will hike rates by another 75 basis points at its next meeting in September. Although gold is considered a hedge against inflation, rising U.S. interest rates reduce the appeal of non-yielding bullion. SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, said its holdings fell 0.3% to 1,002.97 tonnes on Tuesday from 1,005.87 tonnes on Monday