GAGA Share Market News

[hfe_template id='11223'] [ad_1] Shares of Sagility India soared by 5% to hit the upper circuit of Rs 48.91 on the BSE after the global brokerage firm JPMorgan initiated coverage on the stock with an "Overweight" rating and a target price of Rs 54. The target price indicates a potential for 16% upside in the stock from its closing price on Monday. The brokerage highlighted Sagility's strong positioning in the niche healthcare services segment, catering largely to non-discretionary spending, which provides a stable growth outlook even in uncertain market conditions. JPMorgan emphasized that Sagility is well-placed to benefit from secular tailwinds, particularly due to the increasing trend of outsourcing in the US healthcare sector. As healthcare providers look to reduce costs and enhance efficiency, Sagility’s offerings have become critical, cementing its role as a dependable outsourcing partner. “The company’s deep domain expertise and longstanding client r...

[hfe_template id='11223'] [ad_1] Shares of food-delivery company Swiggy surged 1.7% to their day’s high of Rs 587.30 on the BSE as the global brokerage firm JP Morgan has initiated coverage on the stock with an ‘overweight’ rating and a target price of Rs 730. This indicates an upside potential of 26.5% for the stock from the current levels. The global brokerage firm has highlighted Swiggy’s position as a "dark horse" in India's local services landscape and sees a significant growth potential for Swiggy, emphasizing the company's renewed focus and improved execution in both food delivery (FD) and quick commerce (QC). JPMorgan projects that Swiggy will achieve critical scale across its core businesses, outperforming its peers in profitability expansion between FY25 and FY28. This confidence stems from Swiggy’s ability to enhance operational efficiency while driving robust growth in its key segments. It has also been noted that Swiggy currently trades at ...

[hfe_template id='11223'] [ad_1] Indian Railway Finance Corporation Share Price 152.4 03:59 PM | 11 Oct 2024 0.97(0.65%) Suzlon Energy Share Price 74.39 03:59 PM | 11 Oct 2024 -1.05(-1.4%) Indian Renewable Energy Development Agency Share Price 228.61 03:59 PM | 11 Oct 2024 -5.08(-2.18%) Tata Motors Share Price 930.7 03:59 PM | 11 Oct 2024 2.21(0.24%) YES Bank Share Price 21.4 04:00 PM | 11 Oct 2024 -0.03(-0.1%) HDFC Bank Share Price 1651.0 03:59 PM | 11 Oct 2024 -11.41(-0.69%) NHPC Share Price 90.92 03:59 PM | 11 Oct 2024 0.11(0.13%) Rail Vikas Nigam Share Price 475.4 03:59 PM | 11 Oct 2024 -5.16(-1.08%) State Bank of India Share Price 799.75 03:59 PM | 11 Oct 2024 2.65(0.34%) Tata Power Company Share Price 461.15 03:59 PM | 11 Oct 2024 -4.5(-0.97%) Tata Steel Share Price 160.66 03:59 PM | 11 Oct 2024 0.94(0.59%) Adani Power Share Price 642.3 03:58 PM | 11 Oct 2024 -3.11(-0.49%) One97 Communications Share Price 724.5 03:59 PM | 11 Oct 2024 -7.5(-1.03%) Punjab National Ba...

[hfe_template id='11223'] [ad_1] Global stocks rose on Friday, lifted by U.S. bank earnings, and on track for a weekly gain while U.S. Treasury yields were mostly lower after inflation and consumer confidence reports solidified expectations for the path of Federal Reserve rate cuts. The U.S. producer price index for final demand was unchanged in September, slightly below the forecast of economists polled by Reuters for a gain of 0.1%. It followed an unrevised 0.2% increase in August, indicating inflation continues to cool and giving the Fed leeway to continue cutting interest rates. In the 12 months through September, the PPI increased 1.8% versus the 1.6% estimate. On Thursday, the consumer price index turned out to be slightly higher than expected as goods costs increased. The University of Michigan's preliminary reading on the overall index of consumer sentiment came in at 68.9 this month, compared with a final reading of 70.1 in September and below the 70.8 est...

[hfe_template id='11223'] [ad_1] Elevated foreign inflows into government bonds following India's inclusion in global bond indices may, over the long term, reduce banks' role in financing the Centre's debt and set the stage for a reduction in the statutory liquidity ratio (SLR), S&P Global's economists said. "India's inclusion in global indexes has increased foreign participation in local debt. In the long run, such a high proportion of FPI (foreign portfolio investor) inflows in government securities may pave the way for a reduction in the statutory liquidity ratio," said Geeta Chugh, MD, sector lead, financial services ratings, S&P Global. At present, the majority of Indian sovereign debt is owned by the banks and financial institutions, several of which have significant state ownership. The SLR refers to the portion of banks' net demand and time liabilities-a proxy for deposits-which must be deployed in liquid assets such as c...