GAGA Share Market News

[hfe_template id='11223'] [ad_1] The Indian market is expected to consolidate on Thursday, tracking subdued global cues. India VIX dropped over 5% on Wednesday to close at 17.18. The Nifty50’s inability to sustain higher levels signals the presence of strong sellers at elevated zones. “The 24,500–24,400 pocket, which also houses the short-term 10-day EMA, has now turned into a make-or-break patch. Until Nifty holds above this belt, the broader picture remains intact,” said Dhupesh Dhameja, Derivatives Research Analyst at SAMCO Securities. “However, the psychological wall at 25,000 still looms large and continues to block upside attempts,” he added. A breakout on either side of this narrow range could steer the next directional move. “As long as Nifty floats above 24,400, the primary structure stays intact. Dips continue to attract buying interest, making them rewarding opportunities. Immediate resistance is now capped around the 24,800–25,000 corridor,” Dhameja noted. Li...

[hfe_template id='11223'] [ad_1] Synopsis he markets are again volatile. So, before you make any decision based on the short-term movement of the Nifty and Sensex, consider a few points. This phase of volatility will stay for some more time. But volatility is an opportunity if you are able to do just two things: First, buy quality stocks at the time of decline and have a long-term perspective while doing so. Second, focus on the business you are going to own after you buy the stock rather than looking just at the stock price. Our selected stocks for the day depict a strong upward trajectory in their overall average score which is based on five key pillars, earnings, fundamentals, relative valuation, risk, and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame. In a super bullish market, you tend to buy stocks without looking at their fundamentals. Similarly, in a bearish market, you may end up sellin...

[hfe_template id='11223'] [ad_1] After witnessing a rally in Tuesday’s session, the shares of Oil and Natural Gas Corporation (ONGC) today continued their rally, surging 2.6% to their day’s high of Rs 270.50 on the BSE after the global brokerage firm CLSA upgraded its rating to ‘High Conviction Overweight-PF’. The brokerage firm had also set a target price of Rs 360 for the stock. CLSA cited several key factors driving this bullish outlook. The brokerage anticipates multiple volume and realization triggers for ONGC in 2025. A significant contributor to increased production is expected to be the ramp-up of ONGC's eastern offshore field to peak production. This ramp-up is projected to significantly boost the company's domestic oil and gas output. Furthermore, CLSA highlighted the potential removal of the windfall tax as a key positive catalyst. The removal of this tax could allow ONGC to achieve realizations higher than $75 per barrel if crude oil prices recover. T...

[hfe_template id='11223'] [ad_1] The shares of ONGC rallied 8% on Wednesday to its day’s high of Rs 329.50 despite the company reporting a 15% year-on-year (YoY) fall in its Q1 net profit at Rs 8,938 crore, which was below the ETNOW poll of Rs 9,539 crore. Revenue from operations in the same period increased 4% YoY to Rs 35,266 crore as against Rs 33,814 crore in the corresponding period of last year. During the reporting period, the total crude oil production fell marginally to 5.23 mmt, while the same from joint ventures stood at 0.35 mmt. The total gas production during the quarter also fell by 4% to 4.86 BCM in the first quarter under review. Here is how brokerages viewed the Q1 results of the company: Jefferies: Buy| Target price: Rs 410 Jefferies has maintained a buy rating on ONGC and hiked the target price to Rs 410 from Rs 390.The management reiterated its guidance of ramping up KG basin production from Q3 and achieving its peak potential by end-FY25.Final notif...

[hfe_template id='11223'] [ad_1] Indian Railway Finance Corporation Share Price 183.44 04:12 PM | 26 Jul 2024 -0.13(-0.07%) One97 Communications Share Price 509.05 03:59 PM | 26 Jul 2024 46.25(10.0%) YES Bank Share Price 24.97 03:59 PM | 26 Jul 2024 0.35(1.43%) ITC Share Price 502.2 03:59 PM | 26 Jul 2024 12.25(2.51%) HDFC Bank Share Price 1618.15 04:07 PM | 26 Jul 2024 1.56(0.1%) Tata Motors Share Price 1118.3 04:12 PM | 26 Jul 2024 27.35(2.51%) Zomato Share Price 224.62 04:12 PM | 26 Jul 2024 5.32(2.43%) Adani Enterprises Share Price 3080.5 03:59 PM | 26 Jul 2024 107.0(3.6%) Infosys Share Price 1878.9 04:12 PM | 26 Jul 2024 54.06(2.97%) Reliance Industries Share Price 3018.05 03:59 PM | 26 Jul 2024 33.25(1.12%) Adani Power Share Price 712.65 03:59 PM | 26 Jul 2024 17.45(2.52%) Vedanta Share Price 444.5 04:12 PM | 26 Jul 2024 13.61(3.16%) Indian Renewable Energy Development Agency Share Price 258.03 04:12 PM | 26 Jul 2024 -3.16(-1.21%) NHPC Share Price 104.62 04:12 PM |...