Target Financial News

Canadian Prime Minister Justin Trudeau last month announced tariffs of 100 percent on Chinese EVs, accusing Beijing of «not playing by the same rules as other countries» in areas like environmental and labour standards. The United States and the European Union have also respectively slapped tariffs of 100 percent and 36 percent on Chinese EVs, arguing that Beijing unfairly subsidises domestic producers whose products then flood foreign markets and undercut local competitors.

Goldman Sachs believes gold has the highest potential for a near-term price hike due to its status as a preferred hedge against risk, while weak demand from China has led to a «more selective, less constructive» view of other commodities. «Imminent Fed rate cuts are poised to bring Western capital back into the gold market, a component largely absent of the sharp gold rally observed in the last two years,» Goldman analysts said on Monday in a note titled 'Go for Gold'. Spot gold has gained 21% so far this year, breaking successive records and hitting a historic high of $2,531.60 per ounce on Aug. 20.

Nifty were trading flat on Tuesday morning in the absence of any major triggers. However, a 3-5% rally in defence stocks like HAL, GRSE, and Mazagon Dock cheered retail investors. The rally in defence stocks came after the Cabinet Committee on Security cleared a Rs 26,000 crore deal for the procurement of 240 aero-engines for Sukhoi-30MKI fighter jets.

silver December futures contracts were trading at Rs 84,426/kg, down by 0.15% or Rs 128. Gold prices have fallen by Rs 660/10 gm in the last 3 days while silver has dipped by Rs 2,600 per kilogram.

Tech Mahindra, while Kotak Securities has an add rating on Kaynes Technology and has also initiated coverage on Aadhar Housing with a buy rating. Citi has a buy rating on 360 One.

VRL Logistics with a target price of Rs 660. The current market price of VRL Logistics Ltd. is Rs 544.8. VRL Logistics Ltd., incorporated in the year 1983, is a Small Cap company (having a market cap of Rs 4617.02 Crore) operating in Logistics sector.

Kim Jong Un supervised a demonstration of new exploding drones designed to crash into targets, state media said Monday, as the U.S. and South Korea engage in joint military drills. North Korean test photos showed a white drone with X-shaped tails and wings supposedly crashing into and destroying a target resembling South Korea's main K-2 battle tank. Most combat drones stand off from targets and fire missiles. The North's official Korean Central News Agency said Saturday's test involved various types of drones built to fly different ranges to attack enemy targets on land and sea and flew along various routes before accurately hitting test targets. After the test, Kim pledged to spur the development of drones that explode on impact, conduct reconnaissance or attack targets underwater to boost his country's war readiness, saying the North's military should be equipped with advanced drones «as early as possible,» KCNA said.

IndusInd Bank reached an all-time high of Rs 1,694.50 in January 2024, after which the stock began a downward trend. Currently trading at Rs 1,449.05, it has recently broken out of a falling trend line on the daily chart, with a notable increase in trading volume. This breakout suggests potential for further gains. The stock has rebounded from its support zone and surpassed key moving averages, including the short-term (20-day) EMA, medium-term (50-day) EMA, and long-term (200-day) EMA, indicating a strengthening trend.

market is likely to consolidate on Tuesday tracking mixed global cues. The Nifty future closed negative with losses of 0.15% at 25,338 levels on Monday. India VIX was up by 5.17% from 13.39 to 14.06 levels.

Legal & General Investment Management and Aviva Investors are among 80 institutions that have signed an open statement seeking an international framework and scientific panel to address the challenge of bacterial resistance around the globe. Antimicrobial resistance, also known as AMR, kills nearly 1.3 million people a year and occurs when germs become resistant to drugs. If left unchecked, it could lead to an estimated $1 trillion in additional healthcare costs by 2050, as well as a 3.8% loss of global gross domestic product and about 10 million deaths annually, according to a report published last month.

PNB Housing Finance with a target price of Rs 1164. The current market price of PNB Housing Finance Ltd. is Rs 954. PNB Housing Finance Ltd., incorporated in the year 1988, is a Mid Cap company (having a market cap of Rs 24918.33 Crore) operating in NBFC sector.

Gujarat Gas with a target price of Rs 755. The current market price of Gujarat Gas Ltd. is Rs 671. Gujarat Gas Ltd., incorporated in the year 2012, is a Mid Cap company (having a market cap of Rs 46810.53 Crore) operating in Gas & Petroleum sector.

Grasim Industries with a target price of Rs 3160. The current market price of Grasim Industries is Rs 2690. Grasim Industries Ltd., incorporated in the year 1947, is a Large Cap company (having a market cap of Rs 183122.43 Crore) operating in Diversified sector.

LG Balakrishnan & Bros with a target price of Rs 1620. The current market price of LG Balakrishnan & Bros is Rs 1494.6. LG Balakrishnan & Bros Ltd., incorporated in the year 1956, is a Small Cap company (having a market cap of Rs 4711.06 Crore) operating in Auto Ancillaries sector.

Stocks that were in focus include names like NBCC, which rose 0.42%, Adani Ports, which jumped 0.85%, and Varun Beverages, whose shares gained nearly 1.86% on Monday.

Jignanshu Gor, Group Analyst, Bernstein SocGen, believes that discretionary spending is waiting to grow at the bottom of the pyramid or in the middle of the pyramid and outside of metro cities. It is not just a metro story. It is a story of the affluent, in both urban and rural India. The recovery for the discretionary from a narrative perspective is going to happen in the next 12 to 18 months, which makes him confident of the prospects of this sector itself. At a time when people are looking at staples, talking about rural recovery, monsoon, election, and all of that, you have initiated coverage on urban discretionary stocks, which were well for the last couple of years. What makes you sanguine about retail, and restaurant over staples? Jignanshu Gor: If I look at how the discretionary spending in India is construed today, the coverage for the sector across retailers, and restaurants, including digital and offline, is restricted to the top 10% of the population. We think that as the increasingly affluent people, both in the top of the pyramid and the middle of the pyramid, are looking to express themselves, that is being expressed in eating out and buying trendier clothes.

SJVN Ltd. According to one of the three people cited above, older renewable projects, largely solar, have found it harder to find buyers. "For the projects which have come up in the past one year, the agreements have largely been signed," the person said on the condition of anonymity.

Breaking stocks to buy or sell: Despite mixed trends in the Asian stock markets and a retreat in the European stock market from the record high, the Indian stock market extended its uptrend for the 13th straight session. The Nifty 50 index finished 37 points higher at the 25,273 mark, the BSE Sensex went up 194 points and closed at 82,559, while the Bank Nifty index ended 71 points upward at 51,422. Cash market volumes on the NSE were low at ₹1.11 lakh crore.

Buy or sell stocks today: The Indian stock market's benchmark index, Nifty 50, hit fresh record highs on Monday, September 2, marking its 13th consecutive day of the index closing in the green. The index closed 0.17 per cent higher at 25,278.70 points, up from 25,235.90 points in the previous session. The BSE Sensex closed 0.24 per cent higher at 82,559.84 points, compared to 82,365.77 points in the previous market close.

PLI beneficiaries. “GeM has registered phenomenal growth and the list of PLI beneficiaries is also expanding, as the scheme has started to yield results," said the official, requesting anonymity. Taurani is sceptical.

₹1.5 lakh on its popular three-door Thar SUV model, just weeks after the launch of its larger sibling, the five-door Thar Roxx. The move is meant to maintain the sales momentum for the Thar, particularly as potential buyers may be swayed by its overlapping price points with the Thar Roxx, two people aware of the development said.