GAGA Share Market News

[hfe_template id='11223'] [ad_1] Shares of the recently listed TBO Tek, which have more than doubled since its listing in May 2024, surged 9.5% on BSE to its new peak at Rs 1,743 after global brokerage firm Goldman Sachs initiated coverages on the stock with a target price of Rs 1,970. The global brokerage firm said that it expects a 22% FY24-27E CAGR, both at the higher end of its global travel coverage, and that they see the company’s India business as indexed to the growth in ‘Affluent India’. TBO’s business model has multiple positive characteristics according to Golman Sachs, as the company is exposed to a large and fragmented TAM with secular growth tailwinds, a strong execution track record, an asset light balance sheet, negative working capital, strong FCF generation, and low competition/regulatory risks. “We expect investor focus and debates to be on the outlook for TBO’s industry, risks of competition from scaled global OTAs,TBO’s international expansion and M...

[hfe_template id='11223'] [ad_1] Shriram Finance, REC, IRCTC were among five stocks that witnessed a buildup of fresh long positions on Thursday. The buildup of fresh long positions can be seen when the stock prices move up and open interest on the counter also moves upward. The signal is considered more reliable if the volume on the counter has also seen an increase. Open interest indicates that bulls are likely to dominate the following counters. REC's stock price jumped 7.16%, and open interest saw a rise of 0.38%. Hindustan Aeronautics surged by 6.23%, and open interest saw an increase of 4.24%. IRCTC rose 5.86%, and the open interest saw an increase of 0.25%.PFC stock rose 5.77%, and the open interest saw an increase of 0.58%.Shriram Finance's stock price gained 4.77%, and open interest saw an increase of 3.05%. Also Read: Exide Industries, BHEL among 5 stocks with long buildup Some additional checks would help traders in taking better trading decisions as t...

[hfe_template id='11223'] [ad_1] Nifty Bank saw a near-5,000 points or 10% intraday fall on Tuesday as investors made mincemeat of the markets after poll trends showed a spirited fight by the INDIA alliance around half past noon against the exit polls which had given a thumping win to the Bharatiya Janata Party (BJP) led NDA alliance. These are trends and the final outcome could be different when the last vote is counted. Nifty Bank fell to the day's low of 46,077.85 with all 12 stocks in the index trading in the red. Index heavyweights HDFC Bank and ICICI Bank were among the top three laggards and behind Reliance Industries (RIL) to have triggered the downfall. The banking gauge ended at 46,928.60, down by 8%. State-run State Bank of India (SBI) also contributed to the downfall in good stead. SBI fell by a mammoth 19% to hit an intraday bottom of Rs 732. The counter which crossed the market capitalisation of Rs 8 lakh crore while hitting all time high saw its market...

[hfe_template id='11223'] [ad_1] May 31, 2024, 11:38:42 AM IST The new Nifty EV & New Age Automotive index, launched by the NSE, aims to track the performance of companies active in the electric vehicles (EV) and new-age automotive segments. This includes manufacturers of electric and hybrid vehicles, hydrogen fuel-based vehicles, green hybrid vehicles, electric batteries, and components. Additionally, it encompasses companies producing or supplying raw materials relevant to EV and autonomous vehicle technologies, as well as, those building autonomous vehicles and supplying related technologies. Here are the top 10 stocks in the new EV index based on weightage: Agencies Bajaj Auto has a weightage of 7.08% in the Nifty EV & New Age Automotive index. ETMarkets.com Tata Motors has a weightage of 6.49% in the index. Agencies 4 / 11 Ma​hindra & Mahindra Mahindra & Mahindra has a weightage of 5.83% in the index. Agencies Maruti Suzuki has a weightage of 5.28% i...