Global brokerage Nuvama has initiated coverage on Skipper with a ‘Buy’ rating and a target price of Rs 650, suggesting a potential upside of 46% from the previous closing price of Rs 444 per share. Nuvama emphasized that Skipper is well-positioned for strong performance as a niche player, particularly in light of the proposed National Electricity Policy (NEP), which outlines a substantial transmission capital expenditure of Rs 9.2 trillion.
HDFC AMC rises 1.36% as Sensex climbs (08-10-2024)
The stock traded at a P/E multiple of 43.24, while the price-to-book value ratio stood at 11.32.
TCS, Infy, HCL Tech: Should you buy or sell IT stocks ahead of Q2 results? (08-10-2024)
Technical charts suggest that heavyweights TCS and Infosys seem to be favourably placed, while Wipro could face some downward pressure. Check key levels here.
Deven Choksey on 3 themes that are right for investing in a volatile market (08-10-2024)
Deven Choksey is optimistic about investing in the metal sector due to stable energy prices and rising consumption. He also sees opportunities in some NBFCs and corporate banks with large assets. He believes the economic environment will benefit both sectors, with potential lower energy and lending costs contributing to growth.
Share price of Tata Elxsi jumps as Sensex gains 317.96 points (08-10-2024)
A total of 3,726 shares changed hands on the counter till 12:33PM (IST)
Weak Q2 sales pushes Sobha share price 4% lower on October 8 (08-10-2024)
Sobha’s new sales plunged 44.9 per cent year-on-year (Y-o-Y) to 929,907 square feet in Q2FY25, from 1,686,196 square feet in Q2FY24.
Broader mkt outperforms; pharma shares advance (08-10-2024)
At 12:30 IST, the barometer index, the S&P BSE Sensex was up 396.50 points or 0.49% to 81,446.50. The Nifty 50 index added 136.05 points or 0.55% to 24,931.80.
SpiceJet stock jumps 9% on plans to induct 10 planes by November-end (08-10-2024)
The airline has already signed agreements for the leased aircraft, with the full induction of all the seven planes expected by November 15.
Garuda Construction IPO sails through on Day 1 on strong retail demand. Check GMP, other details (08-10-2024)
Garuda Construction and Engineering’s IPO has successfully subscribed on its first day, driven by retail investors who oversubscribed their portion by 173%. The IPO includes a fresh equity sale of Rs 173 crore and an OFS of Rs 90 crore. Analysts recommend subscribing due to the company’s robust order book and asset-light business model.