GAGA Share Market News

[hfe_template id='11223'] [ad_1] Millions of investors across the globe will have their eyes glued to their screens tonight when the Federal Open Market Committee meeting gets underway. At stake is the answer to the trillion-dollar question of whether the Federal Reserve — in its wisdom —will decide to keep the interest rates higher for longer, or will it, as a few economists are hinting, make a hawkish pivot. Chair Jerome Powell, could chalk out a future trajectory, without any rate cuts this year, or bring it down from the three rate cuts the other Fed officials were projecting. Young retail Indian investors can mistakenly treat these macroeconomic developments lightly, believing instead that it won’t have an impact on the Indian markets. But that would be a costly blunder. Market players love to cite a dictum. It goes: When the US sneezes, the world catches a cold. It means that macroeconomic and financial developments within the US have larger repercussions on the gl...

[hfe_template id='11223'] [ad_1] Mahindra & Mahindra. Share Price 2156.35 03:59 PM | 30 Apr 2024 94.30(4.58%) Power Grid Corporation of India. Share Price 301.85 03:59 PM | 30 Apr 2024 8.16(2.78%) Shriram Finance. Share Price 2551.70 03:59 PM | 30 Apr 2024 59.50(2.39%) Hero MotoCorp. Share Price 4543.05 03:59 PM | 30 Apr 2024 85.36(1.92%) IndusInd Bank. Share Price 1515.70 03:59 PM | 30 Apr 2024 28.46(1.92%) Bajaj Auto. Share Price 8903.65 03:57 PM | 30 Apr 2024 143.55(1.64%) HDFC Life Insurance Company. Share Price 583.65 03:59 PM | 30 Apr 2024 8.55(1.49%) Bajaj Finance. Share Price 6923.55 03:59 PM | 30 Apr 2024 96.95(1.43%) Bajaj Finserv. Share Price 1615.00 03:59 PM | 30 Apr 2024 19.35(1.22%) Grasim Industries. Share Price 2411.65 03:59 PM | 30 Apr 2024 25.06(1.05%) Maruti Suzuki India. Share Price 12817.50 03:59 PM | 30 Apr 2024 127.65(1.01%) SBI Life Insurance Company. Share Price 1436.55 03:59 PM | 30 Apr 2024 14.21(1.00%) Tata Consumer Products. Share Price 1...

[hfe_template id='11223'] [ad_1] Shares of Tata Chemicals fell 4.5% to the day’s low of Rs 1,050 on BSE in Tuesday’s trade after the company reported its first-ever quarterly loss in nine years, hurt by a one-time charge incurred in its UK operations along with lower prices and demand for soda ash. Kotak Institutional Equities (KIE) recommended a ‘sell’ rating on the stock with a target price of Rs 770, which suggests a downside of nearly 29%. Tata Chemicals reported a consolidated net loss of Rs 850 crore in the quarter ended March 31, compared to a profit of Rs 709 crore a year ago. “The company reported weak earnings for 4QFY24, as expected, amid pricing pressure on soda ash across geographies. Earnings seem likely to remain near current run-rates through most of FY2025 in the context of continued oversupply; the large impairment charge in the UK is perhaps an indication,” said a report by Kotak Institutional Equities. The primary reason for the earnings to stay near ...

[hfe_template id='11223'] [ad_1] Shares of Mahindra & Mahindra jumped over 4% on Tuesday to hit a fresh record high of Rs 2,152.15 after the company launched a compact SUV named XUV 3XO in competition with its peers like Tata Nexon, Hyundai Venue and Maruti Suzuki Brezza. The price of the SUV starts from Rs 7.49 lakh. Appealing to multiple segments, XUV 3XO aims to transcend the expectations of the new-age SUV buyers. Each variant is tailored to meet the specific needs and preferences of its respective segment. The vehicle has a first-in-segment skyroof, dual-zone climate control, 65 W USB-C charging, electronic parking brake with auto hold, 3 smart steering modes, and level 2 ADAS. “With the launch of the XUV 3XO, starting at an attractive price of ₹ 7.49 Lakh, Mahindra is redefining what an SUV can be. Engineered to deliver 'Everything you want & more,' the XUV 3XO is designed to cater to a broad spectrum of customers. From those upgrading from a hatchb...

[hfe_template id='11223'] [ad_1] Jana Small Finance Bank shares rallied 19% to hit a new 52-week high of Rs 592.8 in Tuesday's trade on BSE after the bank said it had doubled its March quarter net profit from ordinary activities to Rs 167 crore from Rs 81 crore in the year-ago period, backed by robust business expansion and lower credit cost. The net profit, however, comes to Rs 344 crore, reflecting a four-fold jump, if the deferred tax assets of Rs 170 crore are included. Its net interest margin, a key gauge of profitability, improved to 8% for the full year from 7.8% in FY23. Its operating profit for the quarter was 22% higher year-on-year (YoY) at Rs 342 crore, on a total income of Rs 1,291 crore against Rs 1,010 crore earlier. The bank's assets under management expanded 25% YoY to Rs 24746 crore at the end of March with the secured portfolio rising to 60%."We worked on to de-risk the portfolio and intend to raise the share of the secured book to 80% in ...

[hfe_template id='11223'] [ad_1] Synopsis The way things have panned in the last one month, it is clear that bulls are not in any mood to leave the street. The pattern of the sectoral rotation is visible. Yesterday, it was banking which led the rally while there was a correction in real estate. Today it is auto stock which is leading the rally. Clearly the under current is bullish and if there is no major description coming in, then it is very likely that bullish trend is likely to continue. At this point of time, the preference toward large cap stocks continues as Q4 numbers from large companies are coming in line with expectations. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks. Both at the level of indices and market breadth, bulls are in cont...

[hfe_template id='11223'] [ad_1] Japan's Nikkei share average rose on Tuesday, underpinned by overnight strong finish on Wall Street, while investors await the outcome of the U.S. Federal Reserve's two-day meeting to determine the fate of the yen. The Nikkei rose 1.24% to close at 38,405.66. The index marked its first monthly decline this year, falling 4.99% in April in its biggest monthly drop since December 2022. The broader Topix jumped 2.2% to 2,743.17. "The U.S. equities were strong since the end of the last week, while the U.S. yields traded lower. That underpinned Japanese stocks today," Shoji Hosoi, senior strategist, Daiwa Securities said. Markets in Japan were closed on Monday. Shares of chip-making equipment maker Tokyo Electron rose 2.6%. Silicon-wafer maker Shin-Etsu Chemical surged 4.89% and technology investor SoftBank Group gained 1.71%. The markets' focus is now on the U.S. Fed's policy meeting this week after Japan's curr...

[hfe_template id='11223'] [ad_1] Synopsis After a short rest in the month of March, bulls are back on the street. The good part is that market breadth in every segment of the market has been positive. If one looks at the quarterly results which have come till now, they are largely in line with estimates and expectations of the broad trend of the sector. But given the fact that the valuation wise are toward the higher end of the range, it would still be time to keep some check and balance and continue to apply some filters. For investors who are looking to increase their exposure to stocks and if there is any improvement in them which has made the overall score go up in the last one month then have a look at those stocks. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement...

[hfe_template id='11223'] [ad_1] Indian headline indices returned to their winning ways after a one-day hiatus, led by strong buying action in banks. While the S&P BSE Sensex rallied 990 points to hit the day's high of 74,721.15, the broader Nifty50 climbed by over 230 points to hit 22,655 mark. Finally, the Sensex on Monday settled at 74,671.28, up 941.12 points or 1.28%, while Nifty 50 closed at 22,643.40, gaining 223.45 or 1%. Volatility remained high as India VIX closed at 12.24%, gaining 12% over Friday’s closing. Here are a few factors that led to the surge in Nifty and Sensex: 1) Banks and financials shine Banking stocks which corner the highest weight in the 50-stock Nifty were trading with strong momentum. ICICI Bank, SBI, HDFC Bank and Kotak Bank were four of the top five index contributors today.The Nifty Bank index hit a fresh lifetime high today, rising 1,200 points. Barring IDFC First Bank and Bandhan Bank, the remaining 10 counters in Nifty Bank we...

[hfe_template id='11223'] [ad_1] Synopsis Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members. Below is a list containing high price targets for pharma stocks collated with data from the latest Stock Reports Plus report dated April 29, 2024. The list also contains a count of analysts evaluating each of the pharma stocks for the next 12 months. For the purpose of this report, we have filtered out stocks wherein the count of analysts is up to 35 and upside potential is up to 38%. The list has been sorted based on potential upside estimated ETMarkets.com 7 mins read, Last Updated: Apr 29, 2024, 05:17:00 PM IST Gift A Story Share member-only stories with your friends or family and help them read it for ...

[hfe_template id='11223'] [ad_1] Apr 29, 2024, 01:22:27 PM IST The Government of Singapore (GoS) is a big FII player in Indian stocks. In their recent March quarter's shareholding report, they revealed their ownership in 60 BSE-listed companies, totaling about Rs 2,50,118 crore as of April 26, 2024. The disclosed list includes companies where the GoS has over a 1% ownership, but it might only cover some of their investments. According to ETMarkets analysis, their portfolio of 14 stocks experienced remarkable growth, with share price returns more than doubling in the past year. Furthermore, most of these stocks have given double-digit returns during the same period. We have highlighted the top seven stocks that have surged over 150% in the past year. (Data Source: ACE Equity) Shutterstock.com 2 / 8 Kalyan Jewellers India 1-Year Performance: 313% | CMP: Rs 419 ETMarkets.com 1-Year Performance: 265% | CMP: Rs 457 ETMarkets.com 1-Year Performance: 223% | CMP: Rs 188 ETMa...