GAGA Share Market News

[hfe_template id='11223'] [ad_1] Short-to-medium-term traders can look to buy the stock for a target of Rs 746 in the next 1-2 months, suggested experts. Synopsis The stock surged from Rs 231 on December 8, 2023, to Rs 634 on December 10, 2024, marking a gain of over 170% in a year. Riding the momentum, it reached a record high of Rs 644 on December 11, 2024, rising over 10% in a week and more than 50% in the past three months. The strong rally indicates sustained bullish sentiment. Skipper Ltd, a part of the heavy electrical equipment industry, hit a fresh record high in December and the chart pattern suggests that the rally is likely to continue.Short-to-medium-term traders can look to buy the stock for a target of Rs 746 in the next 1-2 months, suggested experts.The stock rose from Rs 231 recorded on December 8, 2023, to Rs 634 on December 10, 2024, which translates into an upside of over 170% in a year.Tracking the BY ETMarkets.com Dec 12, 2024, 10:00:00 AM IST Gift ...

[hfe_template id='11223'] [ad_1] Global brokerage Nuvama has initiated coverage on Skipper with a 'Buy' rating and a target price of Rs 650, indicating a potential upside of 46% from the previous closing price of Rs 444 per share. Nuvama highlighted that Skipper is poised for a powerful performance as a niche player in a strong position. The firm noted the proposed National Electricity Policy (NEP), which includes an indicative transmission capital expenditure of Rs 9.2 trillion. This, combined with the global shift towards renewable energy (RE), is expected to drive significant growth in high-voltage transmission and distribution (HV T&D) capital expenditure. Skipper is also set to benefit immensely from domestic and export order intake tailwinds. Nuvama projects an order inflow/sales/EPS compound annual growth rate (CAGR) of 22%/26%/50% over FY24-27, with an EBITDA margin of 10.5% by FY27. Additionally, the company is doubling its tower capacity and is not...