Hyundai Motor India will debut on the stock market today. Global brokerage firms Nomura and Macquarie have given positive ratings. Nomura targets a price of Rs 2,472, predicting a 26% increase. Macquarie sets a target of Rs 2,235, expecting a 14% rise. Hyundai’s style, technology, and new models are key growth drivers.
Posts in category Economic Times
DIIs, not FIIs, are the real culprits of market pullback: Anurag Singh (22-10-2024)
Why should they buy? I mean, if everybody has to make their own judgment on what are they buying, what is their duration and what is their long-term perspective, if somebody is selling, will never repent for taking money off the table in markets as we say.
RVNL shares in focus after establishing new subsidiary in Saudi Arabia (22-10-2024)
This move aligns with RVNL’s global expansion strategy, following the creation of subsidiaries in Dubai in June 2024 and Uzbekistan in August 2024.
Add UltraTech Cement, target price Rs 11,260: HDFC Securities (22-10-2024)
HDFC Securities recommends adding UltraTech Cement with a target price of Rs 11,260. The company shows potential growth in the cement sector, driven by expected demand from infrastructure projects and pent-up demand in H2FY25. UltraTech plans to reduce operational costs and increase capacity, which may lead to improved financial performance.
Stocks to buy or sell today: SBI, Maruti among top 10 trading ideas for 22 October 2024 (22-10-2024)
The Indian market is set to trade higher on Tuesday due to positive global indicators. Key levels for Nifty are identified between 24500 to 25300. Experts recommend buying Dr Reddy’s Laboratories, National Aluminum Company, SBI, Maruti Suzuki, and HDFC Life, while suggesting selling Coal India, REC Ltd, and Siemens.
Sensex jumps over 150 points, Nifty tops 24,826; banks lead gains (22-10-2024)
Sensex and Nifty50 opened higher, driven by ICICI Bank, Infosys, and Reliance Industries, despite weak global cues.
Smallcap multibagger stock 3:1 bonus shares issue record date tomorrow. Last chance to buy (22-10-2024)
Grovy India has set October 22 as the record date for a 3:1 bonus share issuance, offering three bonus shares for every existing share. The company, known for residential and commercial property development, has seen its shares surge significantly, gaining over 227% in the last year.
F&O Radar | Deploy Bear Put Spread in LTIM stock to benefit from bearish market sentiment (22-10-2024)
LTIMindtree (LTIM) shares are currently trading at ₹5,943, showing a short-term downtrend after retreating from higher levels.
Hot stocks: Brokerage view on Hyundai Motor, UltraTech and Oberoi Realty (22-10-2024)
Nomura and Macquarie have given Hyundai Motor India favorable reviews with buy ratings, noting growth potential in the Indian car market. Meanwhile, Jefferies holds on Oberoi Realty, citing strong sales and project openings, and Bernstein retains a market-perform rating on Ultratech Cement due to supply concerns and high valuations.
Union Bank shares in focus as lender reports 34% YoY jump in Q2 profit (22-10-2024)
Union Bank of India reported a 34% increase in net profit for Q2 2024, reaching Rs 4,720 crore, with total income rising to Rs 32,036 crore. Interest income grew to Rs 26,708 crore, though net interest income fell slightly. The bank improved asset quality, reducing gross NPAs to 4.36%. Total business increased by 9.37%, reaching Rs 21,70,779 crore.