Posts in category Economic Times
Stock market update: Sugar stocks up as market rises (17-05-2024)
The 30-share BSE Sensex was up 19.12 points at 73682.84
Shares of InterGlobe rise as Nifty drops (17-05-2024)
On the technical charts, the 200-day moving average of the stock stood at Rs 2944.61.
Hot Stocks: Brokerage view on Biocon, Info Edge, LIC Housing; Jefferies upgrades M&M (17-05-2024)
JPMorgan retains overweight rating on LIC Housing Finance, Nomura favors buy rating on Info Edge, BofA Securities suggests buying Biocon, and Jefferies upgrades M&M to buy.
Green shoots seen in IT hiring; 99acres turned cash positive in Q4: Hitesh Oberoi, Info Edge (17-05-2024)
Hitesh Oberoi, Co-Promoter, MD & CEO of Info Edge, discusses the growth in IT hiring, positive Naukri JobSpeak index movement, and real estate success. He also addresses EBITDA margins, recruitment trends, and global market influences, including exceptional losses and FY25 projections. Oberoi says IT hiring is more indexed to what happens in the US and the global economies than to what happens in the Indian economy and it has to be seen how that plays out over the next few quarters.
Stock market update: Nifty Realty index advances 0.01% in a weak market (17-05-2024)
The Nifty Realty index was trading 0.01 per cent up at 980.85.
M&M shares jump 8% to record high as target prices raised up to Rs 2,910. Should you buy, sell or hold? (17-05-2024)
M&M achieved a new 52-week high of Rs 2,554.75 following better-than-expected March quarter performance, prompting increases in target prices and upgrades. Jefferies, a global brokerage firm, upgraded M&M to a buy rating and raised the target price to Rs 2,910.
Roosevelt Dsouza of Nielssen on whether the trend of rural India catching up in FMCG demand is durable (17-05-2024)
Roosevelt Dsouza of NielsenIQ discusses FMCG trends, emphasizing rural-urban gap. Growth driven by small pack preferences and personal care in rural areas. CEOs review Nielsen report. India awaits rural recovery. Consumer behavior shifts to volume growth. Categories perform differently. Dsouza says there are certain categories where one can see K-shaped growth with some categories moving up and some going down.
Stock market update: FMCG stocks down as market rises (17-05-2024)
The 30-share BSE Sensex was up 20.48 points at 73684.2
Vedanta, IndusInd Bank among 10 companies with highest promoters’ holding pledge (17-05-2024)
Vedanta, IndusInd Bank, Hindustan Zinc, Aster DM Healthcare, Max Financial Services, GMR Airports Infrastructure, Medplus Health Services, IRB Infrastructure Developers, India Cements, and HFCL have the highest promoters' holding pledge in the Nifty500 index, as of Q4 FY24.
Gold Price Today: Gold opens at Rs 72,884/10 grams, while silver at Rs 87,155/kg (17-05-2024)
Gold prices on MCX dip slightly amid hopes for Fed rate cuts. Despite Thursday's loss, gold remains steady, set for second weekly gain. Silver outperforms gold, up 25%. US Dollar Index rises.