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Coal India among Axis Securities’ top 4 picks in metals & mining sector with up to 26% upside potential - Stock Picks

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[hfe_template id='11223'] [ad_1] IRFC Share Price 142.15 03:59 PM | 22 Nov 2024 0.49(0.34%) Suzlon Energy Share Price 65.22 03:59 PM | 22 Nov 2024 -0.11(-0.17%) IREDA Share Price 185.5 03:59 PM | 22 Nov 2024 0.92(0.5%) Tata Motors Share Price 791.0 03:59 PM | 22 Nov 2024 17.15(2.22%) YES Bank Share Price 19.21 03:59 PM | 22 Nov 2024 0.09(0.42%) HDFC Bank Share Price 1745.6 03:58 PM | 22 Nov 2024 4.4(0.26%) NHPC Share Price 79.16 03:59 PM | 22 Nov 2024 -0.22(-0.28%) RVNL Share Price 420.2 03:59 PM | 22 Nov 2024 -1.66(-0.4%) SBI Share Price 816.05 03:59 PM | 22 Nov 2024 35.3(4.53%) Tata Power Share Price 413.75 03:59 PM | 22 Nov 2024 5.7(1.4%) Tata Steel Share Price 142.78 03:59 PM | 22 Nov 2024 2.57(1.83%) Adani Power Share Price 460.45 03:59 PM | 22 Nov 2024 -15.7(-3.3%) PayTM Share Price 900.95 04:00 PM | 22 Nov 2024 55.56(6.58%) PNB Share Price 99.82 03:59 PM | 22 Nov 2024 3.45(3.58%) Zomato Share Price 264.2 03:59 PM | 22 Nov 2024 -2.62(-0.98%) BEL Share Price 280.85 ...

JSW Steel shares jump 4% as Macquarie upgrades stock to overweight, hikes target price to Rs 1,077

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[hfe_template id='11223'] [ad_1] JSW Steel shares surged 4% to its day’s high of Rs 984.40 on BSE after the global brokerage firm Macquarie upgraded its rating to overweight and with a target price of Rs 1,077, citing a positive outlook for India's metals sector. In addition to upgrading JSW Steel’s rating to outperform, Macquarie has also raised the target price of the stock from an earlier Rs 884, reflecting an upside potential of over 13% from its closing price on Thursday. Macquarie stated that it is positive on the resilient domestic fundamentals and moderating input costs of the metal sectors as the commodities’ price outlook factors in the upside risks over the next 6-12 months. “Steel companies look set to benefit from domestic price premium to import parity, steady leverage and easing input costs,” said the global brokerage firm in its note. The foreign brokerage firm also believes that the steel stock multiples should be seen in the context of improved ROE ...

Defence: Stage set for Modi 3.0? Which stock sectors are likely to see growth?

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[hfe_template id='11223'] [ad_1] While NDA has managed to go past the majority mark bagging 291 seats, the road ahead for investors should be to reconstruct their portfolios, experts say, as they see some recalibration in policies in the new regime with the Bharatiya Janata Party (BJP) failing to form the government on its own. BJP is still the single largest party with 240 seats but the results were well short of the Street's expectations and the exit polls that gave NDA a thumping majority. "Today, when actual results are lower than the market expectation, as well as the exit poll, there is a correction happening. Investors rightfully will be looking at what kind of government gets formed, what kind of analysis is done by political parties of this verdict, and what kind of policy recalibration happens," Nilesh Shah, MD, Kotak AMC, told ETNow on Tuesday, commenting on the outcome. "Now, please remember that every political party has to keep in mind wh...