Tata Power shares gained attention after signing a $4.25 billion financing pact with the Asian Development Bank (ADB) during the COP29 conference in Baku. The memorandum of understanding (MoU) focuses on financing projects related to renewable energy, energy transition, and infrastructure strengthening. This partnership supports India’s renewable energy targets for 2030.
Posts in category Economic Times
Add Sobha, target price Rs 1,628: ICICI Securities (22-11-2024)
ICICI Securities maintains an ‘add’ rating for Sobha, despite lowering sales booking estimates for FY25 and FY26 due to potential project launch delays. The positive outlook stems from Sobha’s strong first-half performance, with sales bookings reaching INR 30.5 billion. ICICI Securities also adjusted their target price to Rs 1,628, reflecting the company’s recent rights issue.
Stocks to buy today: ABB, Federal Bank among top 10 trading ideas for 22 November 2024 (22-11-2024)
The Indian market is expected to trade higher on 22 November 2024, following positive global cues. Despite a 2.09% rise in the India VIX, indicating increased caution, FII selling pressure persists. Experts suggest that Nifty could face downward pressure unless it stabilizes near key support levels. A list of top trading stock recommendations includes ABB, Federal Bank, Power Grid, and Ramco Cements, among others.
Bharti Airtel, Jio Fin among other telecos in focus as TRAI releases subscriber data (22-11-2024)
Shares of telecom companies Bharti Airtel, Jio Financial, and Vodafone Idea are expected to remain in focus on Friday following the release of subscriber data by the Telecom Regulatory Authority of India (TRAI) for the period ending September 30, 2024.
ETMarkets Smart Talk: Can passive funds save tax? Zerodha’s Vishal Jain breaks it down (22-11-2024)
The benefits of passive funds are that they are simple, transparent, and relatively low-cost. Passive funds such as ETF/Index Funds are versatile and provide exposure to broad segments and sub segments of the equity markets, commodities and fixed income thereby enabling one to easily create personalized portfolios.
Oil rises as intensifying Ukraine war increases supply risk (22-11-2024)
Oil prices saw a slight increase on Friday following Russia’s claim of launching a ballistic missile attack on Ukraine and issuing warnings of a potential escalation in the conflict. This situation raised concerns about potential disruptions to crude oil supplies. Despite this, significant gains in oil prices were tempered by a surge in U.S. crude and gasoline reserves.
Buy Indian Hotels Company, target price Rs 880: Motilal Oswal Financial Services (22-11-2024)
Motilal Oswal Financial Services has issued a buy call for Indian Hotels Company, setting a target price of Rs 880. They cite the company’s ambitious growth strategy, strong financial performance, and expansion into new markets as key drivers. The brokerage expects Indian Hotels to achieve significant revenue and profit growth over the next few years.
GQG Partners shares rebound over 15% after slump following US bribery charges against Adani (22-11-2024)
Rajiv Jain-led GQG Partners, listed on Australia’s ASX, saw a 15.5% rebound in its shares to AUD 2.46 on Friday, after a 19.3% drop following bribery charges in the U.S. against Gautam Adani and other Adani Group executives. The charges, related to securities fraud and conspiracy in Adani’s renewable energy business, triggered a significant sell-off in Adani Group stocks.
LTIMindtree shares in focus as LIC increases stake to 7% (22-11-2024)
Shares of LTIMindtree (LTIM) are expected to remain in focus on Friday after Life Insurance Corporation of India (LIC) announced an increase in its stake in the company from 5.033% to 7.034%.
NTPC Green Energy IPO Day 3: GMP, Price Band, Subscription, Key Dates and Review (22-11-2024)
The initial public offer (IPO) of NTPC Green Energy, NTPC’s renewable energy arm, opened for subscription on November 19 and has been 93% subscribed so far. Retail investors have led the bidding, subscribing 2.38 times, while non-institutional investors (NIIs) have subscribed 34%, and qualified institutional bidders (QIBs) have booked 75% of their allocation.