The Nifty Pharma index was trading 0.67 per cent at 22028.25.
Posts in category Economic Times
LTIMindtree shares 1.14% as Sensex falls (26-11-2024)
A total of 2,567 shares changed hands on the counter till 10:24AM (IST)
Swiggy shares rally 4% as UBS initiates coverage with Rs 515 target price (26-11-2024)
Swiggy share price: Swiggy shares rose 4% after UBS initiated coverage with a ‘buy’ rating and target price of Rs 515, citing growth potential in online food delivery and quick commerce amid improving margins.
Stock market update: Power stocks down as market falls (26-11-2024)
The 30-share BSE Sensex was down 172.85 points at 79937.0
Sudip Bandyopadhyay on 2 triggers that may take market higher (26-11-2024)
Inditrade Capital’s chairman, Sudip Bandyopadhyay, views the Mahayuti’s return to power as positive for the market, particularly for infrastructure spending. He anticipates further market boosts from potential interest rate cuts by the RBI and policy changes in the US that could benefit Indian exporters. Bandyopadhyay also sees opportunities in PSU banks, defense, and power sectors, but cautions against overvalued stocks.
BEL shares 2.39 per cent in Tuesday’s trading session (26-11-2024)
The Relative Strength Index of the stock stood at 60.09 on Tuesday.
Buy Kolte-Patil Developers, target price Rs 480: HDFC Securities (26-11-2024)
HDFC Securities recommends buying shares of Kolte-Patil Developers. The target price is Rs 480. The current market price is Rs 368.6. Kolte-Patil Developers is expected to achieve its booking value guidance of Rs 80 billion for FY25. The company has strong cash flows and is a net cash positive company. HDFC Securities maintains a buy rating.
36 companies doubled their sales and PAT in a disappointing Q2 earnings season (26-11-2024)
Despite a lackluster Q2 earnings season, 36 companies defied the trend, doubling both sales and profits. Some achieved growth in the thousands of percentage points, driven by strong demand in sectors like pharma and realty. Analysts remain optimistic about a stronger second half of FY25, citing festive demand and rural recovery.
Max Healthcare shares 2.6 per cent in Tuesday’s trading session (26-11-2024)
The Relative Strength Index of the stock stood at 49.96 on Tuesday.
Stock market update: Nifty Auto index 0.83% in an upbeat market (26-11-2024)
The Nifty Auto index was trading 0.83 per cent at 23520.30.