Posts in category Economic Times
Vraj Iron, Allied Blenders get Sebi nod to raise fund through IPO (14-05-2024)
Chhattisgarh-based Vraj Iron and Steel and Allied Blenders has received capital markets regulator Sebi's go-ahead to raise funds through respective IPOs.
Demat account additions flat at 31 lakh in April. Overall tally rises to 15.40 crore (14-05-2024)
The number of Demat accounts increased by 31 lakh in April to 15.40 crore accounts with month-on-month (MoM) growth remaining flat and in line with the average monthly additions of 31 lakh in FY2024, according to a press note released by Motilal Oswal Financial Services (MOFSL).
Stock market update: Fertilisers stocks up as market rises (14-05-2024)
The 30-share BSE Sensex closed up 328.48 points at 73104.61
Stock market update: Nifty Pharma index falls 0.41% (14-05-2024)
The Nifty Pharma index closed 0.41 per cent down at 18860.85.
Auto, metal, energy stocks power Sensex 328 points higher; investors await US CPI data (14-05-2024)
Nifty climbed 114 points to settle at 22,218. This week’s main focus is US CPI figures. Tuesday’s top Sensex gainers included M&M, L&T, and JSW Steel. Nifty Auto rose 1.8%, led by M&M, Hero MotoCorp, and TVS Motor.
Stock market update: Power stocks up as market rises (14-05-2024)
The 30-share BSE Sensex closed up 328.48 points at 73104.61
GameStop and AMC surge evokes 2021 meme stocks saga (14-05-2024)
"Roaring Kitty", the social media persona of Keith Gill, credited with setting off the so-called Reddit rally in January 2021 with his bullish calls on GameStop, posted on social media platform X, formerly Twitter, after nearly three years.
Accumulate Fine Organic Industries, target price Rs 4,779: Prabhudas Lilladher (14-05-2024)
All the plants of the company are running at optimal capacity as per the management, except the Patalganga plant which will take another 2-4 years to achieve peak utilization. FINEORG is currently trading at 35x FY25E EPS. We expect EPS of Rs140 in FY26.
Accumulate Jindal Steel & Power, target price Rs 987: Prabhudas Lilladher (14-05-2024)
Prabhudas Lilladher has downgraded the stock to ‘Accumulate’ from ‘BUY’ earlier with revised TP of Rs987 (earlier Rs980), valuing at 6x EV of Mar’26E EBITDA and await better entry point.
Buy Aarti Industries, target price Rs 800: Emkay Global Financial Services (14-05-2024)
Emkay Global Financial Services recommends buying Aarti Industries at a target price of Rs 800. Investment Rationale highlights EBITDA performance and guidance for FY25.