HG Infra Engineering’s shares surged 7% after securing a Rs 1,110 crore project from NTPC for battery energy storage systems. Despite a recent dip in quarterly profits, the company’s strong project wins, including a major road upgrade in Gujarat, have boosted investor confidence, with analysts giving a ‘Strong Buy’ rating and predicting further stock growth.
Posts in category Economic Times
Most hated stocks? FII selling in financials cross Rs 70,000 crore in 2024 (25-11-2024)
Foreign institutional investors (FIIs) are dumping Indian financial stocks, pulling out a record Rs 70,963 crore in 2024. This selloff, attributed to factors like a strong dollar and high US bond yields, has impacted financial stock performance, with the Nifty Bank index trailing the broader market. However, analysts believe this trend reflects short-term adjustments rather than fundamental sector weaknesses.
Hot Stocks: Goldman Sachs has a buy rating on Astral; HSBC recommends M&M from tractor space (25-11-2024)
Goldman Sachs is optimistic on Astral with a “Buy” rating, while cautious on Prince Pipes. HSBC favors M&M in the tractor industry but downgrades Escorts.
Stocks to buy today: TCS, DLF among top 9 trading ideas for 25 November 2024 (25-11-2024)
The Indian market is predicted to rise, fueled by positive domestic signals and increased optimism in the options market. Traders are showing bullish sentiment with significant put-writing activity. The Nifty50 could reach 24,500 if it breaks through the 24,000 resistance level.
Buy Neogen Chemicals, target price Rs 2,076: HDFC Securities (25-11-2024)
HDFC Securities recommends buying shares of Neogen Chemicals. They project a price target of Rs 2,076 per share. The company is expected to see significant growth in the coming years. Neogen Chemicals plans to enter the electrolyte manufacturing market. The company’s high-margin CSM business is also expected to contribute more to revenue.
Bullish Momentum: 5 stocks that formed White Marubozu Pattern on Nov 22 (25-11-2024)
Represented by a long white (or green) candlestick with no upper shadow and a small or nonexistent lower shadow, it indicates strong buying pressure throughout the session.
Honasa showing signs of peak fear after losing 39% in 1 week: Anand James (25-11-2024)
Though last week completed eight instances of lower highs on the trot, the bounce off the 50 SMA and the close thereafter above the lower Bollinger band, both in weekly charts, hints at the revival of animal spirits.
ETMarkets Smart Talk: Gold and Silver: Tarun Birani on their appeal amid economic uncertainty (25-11-2024)
Despite these headwinds, India’s macroeconomic framework remains solid. The country’s GDP is expected to maintain robust growth in 2024, underpinned by strong domestic demand and reliable growth catalysts.
Adani Group stocks in focus as opposition set to corner govt in Parliament Winter session starting today (25-11-2024)
Adani Group stocks are in focus today as opposition parties, particularly Congress, push for a discussion on bribery allegations against the conglomerate, coinciding with the start of Parliament’s Winter Session.
Buy Galaxy Surfactants, target price Rs 3,865: Motilal Oswal Financial Services (25-11-2024)
Motilal Oswal Financial Services has issued a buy call for Galaxy Surfactants, setting a target price of Rs 3865. The brokerage anticipates a 9% volume growth for the company between FY24-27, driven by strong domestic performance and recovery in developed markets. They value the company at 30x Sep’26E EPS, leading to their buy rating.