GAGA Share Market News

[hfe_template id='11223'] [ad_1] After 3 years of playing second fiddle, India’s most valuable stock is ready to steal the show again. Shares of Nifty heavyweight Reliance Industries Ltd (RIL) have already climbed over 12% in calendar 2025, and analysts say the old warhorse is saddling up for a full-blown re-rating as FY26 shapes into a potential inflection point. RIL’s Q4 results, which crushed Street expectations, were just the opening act. Brokers are now pegging targets as high as Rs 1,720 as against Monday’s closing price of Rs 1,368, and the mood on the Street is shifting fast. RIL’s transformation from a predominantly energy-centric empire to a digital and consumer-focused behemoth is now undeniable. "RIL’s transition to a new energy company is starting to bear fruit and we think it is back on an earnings growth path after flattish earnings in FY25. We expect a re-rating to follow this growth," Morgan Stanley analyst Mayank Maheshwari said, setting the t...

[hfe_template id='11223'] [ad_1] Oil-to-telecom conglomerate Reliance Industries (RIL) today approved a fund-raising plan of Rs 25,000 crore through the issuance of listed, secured/unsecured, redeemable non-convertible debentures (NCDs) in one or more tranches on a private placement basis. The announcement came alongside RIL's Q4FY25 earnings. The company’s board also approved a dividend of Rs 5.50 per equity share for the financial year ended March 31, 2025. India's leading conglomerate Reliance Industries Ltd (RIL) reported 2% growth in its consolidated net profit at Rs 19,407 crore for the fourth quarter ended March 2025. Revenue from operations in the same period increased 10% year-on-year (YoY) to Rs 2.64 lakh crore. The profit was well above the Street expectation of Rs 18,471 crore. Also Read: RIL Q4 Results: Profit rises 2% YoY to Rs 19,407 crore; beats street estimates Meanwhile, Jio Platforms which houses Reliance Industries' (RIL) telecom and digi...

[hfe_template id='11223'] [ad_1] Shares of billionaire Mukesh Ambani-led Reliance Industries (RIL) have been under bear pressure, shedding 25% of its value since hitting a record high of Rs 1,608.95 on BSE on July 8. Investors have seen a staggering Rs 5.4 lakh crore vanish as foreign institutional investors (FII) sold the bluechip stock amid a retail slowdown and weak refining margins. The stock has underperformed Nifty by 10% since January 2024, fueling extreme pessimism. However, a glimmer of hope has emerged—RIL has rebounded 4% in the last two trading sessions, suggesting some bottom-fishing. But is this just a dead-cat bounce, or is the worst truly over? Pessimism at Extreme Levels Analysts at Jefferies believe the current valuation is overly bearish, noting that the market cap now implies an enterprise value of just $48 billion for RIL’s retail business, compared to $106 billion in its last funding round. “A combination of same-store sales growth and area addition...

[hfe_template id='11223'] [ad_1] By offering dresses starting as low as Rs 199, billionaire Mukesh Ambani-led Reliance Retail has now sparked a fast fashion war in India by relaunching Shein and taking an online-first approach to challenge both Tata Group's Trent-owned Zudio and Nykaa Fashion. While India's overall fashion market grew just 6% in FY24, the fast fashion segment recorded a growth of 30-40% year-on-year and can be worth $50 billion by FY31, according to estimates by RedSeer Strategy Consultants. "With trendy fashion choices, attractive price points and partnership with RIL (help leverage RIL’s distribution network), we find Shein well-positioned to gain traction in the market...We see upside risks to RIL's retail revenue and EBITDA estimates on the back of the Shein launch and likely traction, helping re-accelerate retail growth," BofA Securities research analyst Sachin Salgaonkar said. Shein has a good brand recall in India and before ...

[hfe_template id='11223'] [ad_1] Amid earnings downgrades and target price cuts, largely driven by weakness in the retail business and a sharp decline in refining margins, Reliance Industries (RIL) shares are down about 23% from their peak in July, bringing valuations to their cheapest level since the Covid shock of March 2020. Goldman Sachs analysts believe that the sell-off in RIL shares, which have underperformed by declining about 6% in the last year, is overdone as the share price is now near its bear case scenario which assumes lower for longer refining margins, weak telecom ARPU/subscriber growth and lower TAM/market share growth in retail. Not just Goldman, but other major global brokerages like Jefferies, Morgan Stanley, CLSA and Bernstein have released reports in the last few days giving buy ratings with target prices going up to Rs 1,690. Saying that the valuations are now undemanding, analysts say the risk-reward is now favourable giving a great entry point t...

[hfe_template id='11223'] [ad_1] IRFC Share Price 146.09 10:06 AM | 19 Nov 2024 7.81(5.65%) Suzlon Energy Share Price 62.22 10:06 AM | 19 Nov 2024 2.97(5.0%) IREDA Share Price 192.25 10:06 AM | 19 Nov 2024 4.73(2.53%) Tata Motors Share Price 788.95 10:06 AM | 19 Nov 2024 17.06(2.21%) YES Bank Share Price 19.71 10:06 AM | 19 Nov 2024 0.43(2.24%) HDFC Bank Share Price 1724.2 10:06 AM | 19 Nov 2024 19.11(1.13%) NHPC Share Price 79.67 10:06 AM | 19 Nov 2024 1.52(1.94%) RVNL Share Price 428.85 10:06 AM | 19 Nov 2024 12.66(3.04%) SBI Share Price 816.05 10:06 AM | 19 Nov 2024 1.75(0.22%) Tata Power Share Price 416.3 10:06 AM | 19 Nov 2024 11.61(2.87%) Tata Steel Share Price 141.8 10:06 AM | 19 Nov 2024 0.6(0.42%) Adani Power Share Price 536.0 10:06 AM | 19 Nov 2024 9.15(1.74%) PayTM Share Price 810.5 10:06 AM | 19 Nov 2024 26.61(3.4%) PNB Share Price 103.19 10:06 AM | 19 Nov 2024 2.66(2.65%) Zomato Share Price 271.16 10:06 AM | 19 Nov 2024 0.38(0.14%) BEL Share Price 283.2 10:0...

[hfe_template id='11223'] [ad_1] Indian benchmark equity indices Sensex and Nifty50 opened marginally higher on Thursday, led by index heavyweights HDFC Bank, RIL, and IT stocks, amid in-line US inflation data boosted expectations of a Federal Reserve rate cut in December. The BSE Sensex was trading 111 points, or 0.14%, higher at 77,801. The Nifty50 was up 32 points, or 0.13%, trading at 23,590 around 9:20 am. The US consumer inflation, released after market hours on Wednesday, rose to 2.6% in October from a year ago, up from 2.4% in September, the Labor Department said in a statement. This increase was aligned with analysts' forecasts. Markets are now pricing in an 83% chance of a 25bp rate cut from the Fed next month, up from about 59% a day ago. However, expectations of Fed cuts next year following Trump's election victory last week have since been pared back. From the Sensex pack, HCL Tech, NTPC, SBI, Reliance, Asian Paints, and HDFC Bank opened with gains, ...

[hfe_template id='11223'] [ad_1] “A calm sea doesn't make a skilled sailor " This age-old wisdom holds true in Investing, where skills of an investor are often tested by the lashings of market volatility and other unpredictable and uncertain macroeconomic developments at a global scale. Given the turbulence periodically cropping up in global and domestic markets, it becomes critical for retail investors to start constructing a resilient portfolio. Thorough research and a strategic approach to diversification are essential for navigating such volatility and achieving sustainable growth in their portfolios. Take, for example, the COVID-19 pandemic, which created unprecedented market disruptions, shaking global markets and exposing vulnerabilities in many portfolios. During this crisis, sectors like travel and hospitality were hit hard, while technology and pharmaceuticals thrived. Investors who had diversified their portfolios, with a mix of stable fundamentally s...

[hfe_template id='11223'] [ad_1] Indian market likely to consolidate on Friday tracking muted global cues. The Nifty future closed positive with gains of 0.10% at 24375 levels on Thursday. India VIX was down by 2.90% from 13.20 to 12.82 levels. On the options front, the maximum Call OI is placed at 24500 and then towards 24400 strikes while maximum Put OI is placed at 24000 and then towards 24200 strikes. Call writing is seen at 24500 and then towards 24400 strikes while Put writing is seen at 24000 and then towards 24200 strikes. “Options data suggests a broader trading range in between 24000 to 24500 zones while an immediate range between 24200 to 24400 levels,” says Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited.“Nifty formed a small bodies Bearish candle on the daily frame but has been making higher lows from the last eight sessions,” he said.“Now the index has to hold above 24250 zones to extend the move towards 24400 and 24500 zone...

[hfe_template id='11223'] [ad_1] ET Intelligence Group: The S&P BSE Sensex took over four and a half months or 139 days to be precise to cover the distance between 70,000 and 80,000 points on an intraday basis. The journey of 10,000 points was skewed by a handful of stocks --- five out of the 30 stocks contributed over half or 5,646 points while the top two contributors added nearly one-third to the rally. Reliance Industries was the top contributor adding 1,927 points. The country’s largest company by revenue and market capitalisation gained 26.3% since December 11, 2023 when the Sensex had touched 70,000 for the first time. It was followed by Mahindra and Mahindra, which contributed 1,050 points and earned robust 74.2% returns during the period helped by upbeat demand for its passenger cars. ET Bureau ICICI Bank came third with a contribution of 963.5 points, yielding 18.5% returns amid improving asset quality and net interest margin. Bharti Airtel and State bank o...

[hfe_template id='11223'] [ad_1] Indian benchmark equity indices, Sensex and Nifty50, opened with fresh record highs on Monday, led by index heavyweight Reliance Industries and banking stocks. The BSE Sensex was trading 321 points, or 0.42%, higher at 77,014. The Nifty50 was up 110 points, or 0.47%, trading at 23,400 around 9:19 am. This is the first time that Sensex has hit the 77,000 mark. Reliance Industries, Axis Bank, Power Grid, SBI, and Kotak Mahindra Bank emerged as the leading contributors to the Sensex's gains in early trade. However, Infosys, TCS, HCL Tech, and Tech Mahindra exerted downward pressure on the index. Barring Nifty IT, all sectoral indices opened higher. Nifty IT fell 0.9% in early trade after strong U.S. monthly jobs data fanned worries of delayed rate cuts by the Federal Reserve. IDBI Bank witnessed a notable surge of 5.5% after receiving an income tax order that determined a refund of Rs 2,702 crore for the assessment year 2016-17. On the o...

[hfe_template id='11223'] [ad_1] With Prime Minister Narendra Modi-led BJP failing to secure a simple majority on its own in the Lok Sabha election, global brokerage firm CLSA has tweaked its India portfolio to make it more defensive. It has replaced L&T with HCL Tech in India-focus portfolio. "Recognising these uncertainties, we take out L&T from our India focus portfolio and replace it with HCL Tech. L&T has been in our portfolio since its inception in January 2021 and outperformed by a huge 106.2ppt. ITC remains our preferred staples name," CLSA said. The brokerage is now clearly overweight banks, commodities, and IT along with insurance and staples. "Our exposure to Modi stocks is limited to ONGC and Reliance as these have rerated by less than 15% in the last six months. We fear de-rating in the expensive discretionary and capex space and prefer the valuation support in private banks," it said. On Modi stocks, it said the rally was led...

[hfe_template id='11223'] [ad_1] Brokerage Nomura maintained a neutral rating on Persistent Systems, Investec maintained a buy on Natco Pharma and initiated a buy on Entero Healthcare. CLSA downgraded RIL to outperform. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Nomura on Persistent Systems: Neutral| Target Rs 3400 Nomura maintained a neutral rating on Persistent Systems but slashed the target price to Rs 3400 from Rs 3800 earlier. Growth remains resilient and margins disappointed. Deal wins have moderated. Going forward, strong execution is likely to help deliver industry-leading growth. Margin expansion aspiration pushed out due to continued macro weakness. The global investment bank reduced earnings per share (EPS) estimates by 9-11% over FY25-26. Investec on Natco Pharma: Buy| Target Rs 1200 Investec maintained a buy rating on Natco Pharma but raised the target price to Rs 1200 from Rs 710 earlier.It has the abil...

[hfe_template id='11223'] [ad_1] Quant Large Cap Fund-Reg(G) added or trimmed shares in 10 stocks in March finishing the January-March quarter with gains of 9.53%. Its returns trumped those given by the benchmark index and also the category returns during this period. ETMarkets analysis of Quant’s buying and selling action in March showed that this mutual fund scheme increased its shareholding in just two stocks in March over the February month viz. RIL and Tata Power while paring stake in the remaining eight stocks viz. Hindalco Industries, Britannia Industries, MphasiS, Gail (India), Adani Power, Life Insurance Corporation (LIC), Jio Financial Services and Adani Green Energy. Between January and March, Quant Large Cap Fund -Reg(G) plan has exited three stocks Sun Pharmaceutical Industries, National Aluminium Company (NALCO), Biocon. It held 6.82% in Sun Pharma while 0.55% and 4.51%, respectively in Nalco and Biocon in January. In Hindalco, Britannia, MphasiS, GAIL, LIC...