HDFC Securities has issued a buy call for Ajmera Realty & Infra India, projecting a price target of Rs 1039-1130 within the next 6 to 9 months. The positive outlook is driven by the company’s strong pre-sales growth, robust project pipeline, and healthy financial position, making it an attractive investment opportunity.
Posts in category Economic Times
Sensex jumps over 100 points, Nifty above 24,150; bank and IT stocks lead (12-11-2024)
Indian benchmarks opened higher, led by banking and IT stocks, after three sessions of declines due to weak earnings.
Gold Price Today: Yellow metal prices fall by Rs 4,200/10 gm in 2 weeks, silver down by Rs 8,300/kg (12-11-2024)
Gold and silver futures open flat at MCX, following recent price drops. Analysts suggest buying on dips amid volatility due to global market factors, with support and resistance levels outlined.
Hindalco shares rally over 2% as Q2 profit beats estimates. Should you buy, sell, or hold? (12-11-2024)
Hindalco Share Price: Hindalco’s shares climbed after the company announced a significant jump in its second-quarter net profit. The company’s profit soared by 123% compared to the same period last year. This impressive performance was driven by strong results in its India business. Analysts are optimistic about Hindalco’s future prospects, with JP Morgan and Investec maintaining positive ratings on the stock.
LIC books profit in more than 100 stocks as bears outnumber bulls (12-11-2024)
India’s largest institutional investor, LIC, has reduced its stake in over 100 NSE-listed companies, reaching a record low ownership of 3.59%. This move comes amidst a volatile market where FIIs have withdrawn significantly, impacting the Nifty. Despite this, experts believe India’s valuation remains reasonable, with earnings growth expected to continue.
MicroStrategy’s $2 billion bitcoin buy is largest since 2020 (12-11-2024)
MicroStrategy Inc. made its largest Bitcoin purchase since December 2020, acquiring approximately 27,200 BTC for around $2.03 billion between October 31 and November 10, 2024. The enterprise software maker, which has embraced Bitcoin as part of its corporate strategy, now holds a significant cryptocurrency reserve.
Buy TVS Motor , target price Rs 2,774: Geojit Financial Services (12-11-2024)
Geojit Financial Services recommends buying TVS Motor Company shares. They project a target price of Rs 2,774. TVS Motor, a major player in the auto sector, shows strong financial performance. The company’s focus on innovation and expansion into new markets contributes to its positive outlook. Geojit’s analysis suggests potential for significant returns for investors.
Stocks to buy or sell today: Wipro, Infosys among top 6 trading ideas for 12 November 2024 (12-11-2024)
Indian market is expected to open higher on Tuesday following positive global market trends. Market volatility is anticipated to decline. Analysts predict a range-bound trading session with immediate support and resistance levels identified. Specific stock recommendations for short-term traders are provided, including buy recommendations for Infosys, Axis Bank, Wipro, REC, and Bank of Baroda, and a sell recommendation for DLF.
Hot stocks: Brokerage view on Aarti Industries, Britannia, LIC and Hindalco (12-11-2024)
Brokerage firm Nuvama has given a Buy rating on Aarti Industries, signaling confidence in the company’s prospects. Meanwhile, Goldman Sachs has a Neutral rating on Britannia Industries, indicating a more cautious outlook on the FMCG giant’s performance.
Fund Manager Talk | WhiteOak’s Trupti Agrawal hunting for stocks in 5 sectors (12-11-2024)
“Irrespective of market levels, at every point in time there will be companies which will be relatively undervalued and our portfolio will reflect some of these new ideas, if they meet our framework of great business,” she says.