Target Financial News
16.05 / 10:07
markets
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Citi
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DLF’s spot cemented by robust launch pipeline, premium demand
DLF ended FY24 with healthy sales bookings of ₹14,780 crore, a tad lower than FY23 as it did not launch any major projects in the fourth quarter. The company has already made a solid start to FY25 by selling all 795 apartments in its latest luxury housing project in Gurugram – DLF Privana West – for a staggering ₹5,590 crore, and that too within three days of launch earlier this month. It has given a sales booking guidance of ₹17,000 crore for FY25, but analysts are more gung-ho expecting DLF to surpass this target.
16.05 / 10:01
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Why BJP's 'tukde-tukde' label no longer bothers Kanhaiya Kumar
North East Delhi Lok Sabha Elections 2024: Kanhaiya Kumar, the Congress candidate for the North East Delhi Lok Sabha seat, isn't fazed by the BJP's "tukde-tukde" label, often used against him. In an interview with TOI, he shrugged off the label, stating that it doesn't affect him. Describing it as a distraction, Kumar stated that such labels won't deter him. He noted that the «tukde-tukde» tag has lost its impact, even among BJP supporters, since his nomination. He asserted that if he were truly anti-national, he would be in jail. «When they label me that, they target my Poorvanchali background. The Poorvanchalis here will not take these things kindly. I have been acquitted in all cases. A Delhi govt commission found the video accusing me was fake,» the former president of JNU Students' Union added.
16.05 / 10:01
markets
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Target
FIVE
Election
Game is on: Priyanka's campaign sets up Gandhis' virtual 'grudge match' against Irani in Amethi
BJP's high-profile Smriti Irani and the relatively unknown Kishori Lal Sharma of the Congress locked in a fierce contest heading towards a difficult to predict climax. What should be a conventional ending has turned out to be a nail biter with Priyanka Gandhi Vadra's spirited campaign for the Congress scripting possible twists and turns in the absorbing electoral battle. Irani was the quintessential 'outsider', albeit from the BJP powerhouse, in 2019 when she beat former Congress president Rahul Gandhi in the constituency long considered the party's very own. Five years later, Rahul Gandhi has moved to nearby Rae Bareli and Gandhi family aide Sharma is up against the incumbent BJP MP's star power. It should be an easy contest but it isn't. As people discuss the Ram temple, Modi factor, the Priyanka Gandhi connect and everyday struggles, that's the word on the street in this constituency where no Gandhi family member is contesting for the first time in 25 years.
16.05 / 09:25
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Infosys co-founder Narayana Murthy wants your kid to read this brilliant physics book
Infosys co-founder NR Narayana Murthy has voiced his endorsement for a particular book to be embraced by Indian youth across the nation. Murthy emphasized the importance of "Conceptual Physics," authored by Paul G. Hewitt, as essential reading for every child in India, regardless of their geographical location. In a conversation with Moneycontrol, the 77-year-old billionaire lauded the brilliance of Hewitt's work, expressing his current engagement with the book. Murthy's admiration for «Conceptual Physics» stems from its targeted approach towards high school students, offering a comprehensive guide to teaching physics effectively. «I am right now reading a book called Conceptual Physics. This is a book by a high school teacher called Paul Hewitt. It is written for high school students on how to teach physics. Next time I'll show you that book. It's brilliant. Absolute brilliant. I only wish we get permission from the author,» he articulated to the publication.
16.05 / 09:13
Target
Booking
Election
trends
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Experts
Multibagger Stock: HG Infra Engineering gained over 160% in less than 2 years, climbed 727% in 4 years; should you buy?
HG Infra Engineering, an infrastructure company, have experienced a consistent upward trajectory in recent years. The company, which is engaged in Engineering, Procurement, and Construction (EPC) services, has seen its shares gain 163% in less than two years and an astounding 727% in just four years. In April, the shares recorded their largest monthly gain in three years, surging by 30%, and have continued their upward trend this month with another 14% increase so far.
16.05 / 07:03
markets
Target
Manufacturing
security
Strategy
Research
Experts
HAL share price hits lifetime high ahead of Q4 results 2024. Do you own?
Hindustan Aeronautics Ltd, which is primarily engaged in the design, development, manufacture, repair, and overhaul of aircraft, helicopters, and their engines, is a key player in the Indian defence industry. HAL share price today opened upside at ₹4215 apiece on NSE and touched an intraday high of ₹4,269 per share during Thursday deals. While climbing to this intraday high, HAL shares also made a new lifetime high.
16.05 / 04:01
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Target
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reports
Pharmaceuticals
Buy Biocon, target price Rs 370: Anand Rathi
Biocon with a target price of Rs 370. The current market price of Biocon Ltd. is Rs 311.55. Biocon Ltd., incorporated in the year 1978, is a Large Cap company (having a market cap of Rs 37404.69 Crore) operating in Pharmaceuticals sector.
16.05 / 04:01
markets
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economy
Sustainability
Healthcare
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etmarkets
ETMarkets PMS Talk: Is it overheated? Fund manager with Rs 1600-cr AUM remains bullish on small & midcap space
“Phases of strong economic growth have seen healthy stock returns in the mid cap and small cap categories,” says Hitesh Zaveri, SVP & Head, Listed Equity Alternatives, Axis AMC. In an interview with ETMarkets, Zaveri who manages more than Rs 1600 cr said: “The Indian economy is currently in a multi-year high growth phase with growth being broad-based across sectors,”. Edited excerpts: Please take us through the investment philosophy of Axis Brand Equity Portfolio and Axis Core & Satellite portfolio? Hitesh Zaveri: Axis Brand Equity and Core & Satellite are both multi-cap strategies. Axis Brand Equity Portfolio invests in companies where Brands are an important factor for their customers/ clients.
16.05 / 04:01
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reports
Accumulate BEML, target price Rs 4004: Prabhudas Lilladher
BEML with a target price of Rs 4004. The current market price of BEML Ltd. is Rs 3782.45. BEML Ltd., incorporated in the year 1964, is a Mid Cap company (having a market cap of Rs 15729.34 Crore) operating in Engineering sector.
16.05 / 04:01
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Target
Digital
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Schools
Margin improvement will start from H2; holding on to guidance of 15% for FY25: VIP Industries MD
Neetu Kashiramka, MD, VIP Industries, says that while this year the margin will be 15%, next year, it is going to be 18%. A 2-3% improvement in gross margin and a lot will happen to reduce overheads which are quite high now. All the work will start to show results starting H2 of this year. What are the demand trends looking like given that there were lesser wedding dates during the quarter? Has that really impacted your numbers and would it really impact your outlook for FY25? Neetu Kashiramka: Overall for FY25, our outlook is 1-2% better than industry growth and industry is expected to grow around 12%. But yes, the first quarter where the wedding dates are less, it might be slightly slower. But it should recover in Q3 because a lot of wedding dates are scheduled to happen in the Q3 of this year.
16.05 / 02:41
markets
Target
security
Sustainability
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Nifty 50, Sensex today: What to expect from Indian stock market in trade on May 16
Sensex fell 117.58 points, or 0.16%, to close at 72,987.03, while the Nifty 50 settled 17.30 points, or 0.08%, lower at 22,200.55. Nifty 50 formed a small negative candle on the daily chart with a minor upper and lower shadow. Also Read: Indian stock market: 10 key things that changed for market overnight - Gift Nifty, US inflation to weak dollar “Technically, this pattern signals choppy movement in the market at the hurdle.
16.05 / 02:41
markets
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Stock market today: Trade setup for Nifty 50 to India VIX, eight stocks to buy or sell on Thursday — May 16
Stock market today: The Indian stock market, despite strong global cues, snapped a three-day winning streak on Wednesday. The Nifty 50 index closed at the 22,200 mark, the BSE Sensex closed at the 72,987 mark, and the Bank Nifty index finished at 47,687. Cash market volumes on the NSE rose about 9 percent to Rs.1.01 lakh crore.
16.05 / 01:43
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Buy or sell: Vaishali Parekh recommends three stocks to buy today — May 16
Buy or sell stocks: Despite strong global cues, the Indian stock market broke its three-day winning streak on Wednesday. The Nifty 50 index closed at the 22,200 mark, the BSE Sensex closed at the 72,987 mark, and the Bank Nifty index finished at 47,687. Cash market volumes on the NSE rose about 9 percent to Rs.1.01 lakh crore.
16.05 / 00:23
UPS
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students
Universities
social
reports
University of California official says system has $32 billion in holdings targeted by protesters
fossil fuels in 2020. For weeks, students at campuses across the country have been protesting and setting up encampments at their universities to call on them to be more transparent about their investments and to divest from companies that financially support Israel.
15.05 / 20:03
UPS
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Election
War
track
Election Track: Engineer turns Baramulla pitch rough for Omar Abdullah, Sajad Lone
Lok Sabha constituency in north Kashmir, which is going to polls in the fifth phase of elections on May 20, will decide the fate of 23 candidates. However, the main contest is between Sajad Lone of People's Conference and Omar Abdullah of National Conference. The contest has become interesting with the entry of Awami Ittehad Party (AIP) of Sheikh Abdul Rashid, alias Engineer Rashid. The two-time legislator is contesting from Tihar jail. AIP's campaign rallies are receiving huge response across north Kashmir. It appears that People's Democratic Party candidate Fayaz Mir, who is a former Rajya Sabha member, may have already lost the third spot in the contest. BJP has not fielded any candidate in the three Lok Sabha seats of Kashmir, but is actively canvassing for some parties without directly naming them. J&K Apni Party, led by Altaf Bukhari, has also not fielded any candidate here and is supporting Lone, while Abdullah is the official candidate of the INDIA bloc.
15.05 / 19:03
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Q1 tax revenue likely to exceed budgeted growth
government expects its tax revenues in the first quarter to exceed budgeted growth but is likely to stick to the interim budget revenue estimates in the full budget. Officials said the full-year projection in the interim budget was realistic and arrived at after taking into account multiple factors including global headwinds. «With continuity in tax policy we will stick with the collection target given in the interim budget, which was arrived at after considering margins for both upside and downside trend,» said one of the officials. For the current financial year (2024-25), the Centre has pegged its gross revenue collections at ₹38.30 lakh crore, a growth of 11.45% over the revised estimates for FY 2023-24.
15.05 / 18:29
UPS
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track
Punjab Kings beat Rajasthan Royals by 5 wickets
Rajasthan Royals slumped to their fourth successive defeat as Punjab Kings beat them by five wickets in an IPL match here on Wednesday. However, Royals with 16 points are safe in terms qualifying for the play-offs but with one match left, they might not finish in top two with an inferior net run-rate as Sunrisers can go up to 18 points. On the day, Punjab Kings restricted Rajasthan Royals to a meagre 144 for nine. For Royals, local hero Riyan Parag scored 48 off 34 balls on a difficult track while Punjab skipper Sam Curran (2/24 in 3 overs), Harshal Patel (2/28 in 4 overs), Nathan Ellis (1/24 in 4 overs) and Rahul Chahar (2/26 in 4 overs) were all on target. In reply, skipper Curran hit an unbeaten 63 off 41 balls to ensure an inconsequential victory with seven balls to spare.
15.05 / 16:53
markets
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Food
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Centre to reform logistics infrastructure for faster payment and distribution of foodgrains
rice and wheat, Chopra said the government has been closely monitoring prices of essential commodities and will take a call depending on the demand-supply situation. “As of now, there is no proposal for reviewing export curbs on any essential commodities," the food secretary said.
15.05 / 16:51
Provident
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Equality
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rights
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peace
Howard Levitt: It’s an employee’s world. Employers are just living in it
By Howard Levitt and Gregory Sills
15.05 / 16:33
markets
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Target
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track
Technical Breakout Stocks: How to trade Thermax, Siemens and Adani Power on Thursday
Indian market snapped a 3-day winning streak to close in the red on Wednesday, tracking muted global cues. The S&P BSE Sensex fell more than 100 points while the Nifty50 managed to hold on to 22,200 levels towards the close of the trade.
15.05 / 16:33
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electronic
GOVO targets to be a Rs 1,000 crore company in FY28: CEO
Audio electronics brand GOVO targets to be a Rs 1,000 crore entity by FY2027-28, a top official of the company said on Wednesday. The Bengaluru-based audio electronics brand, established in 2022, clocked a revenue of Rs 100 crore in FY2023-24, GOVO CEO and Co-founder Varun Poddar said. «So in FY24, we closed at around Rs 100 crore and we grew around six times, seven times from what we were last year and our goal for the next three years is to go to a thousand crore top line with a 15 per cent to 20 per cent market share. In FY27-28, we are targeting to be a thousand crore company,» he told PTI in an interaction. When asked about factors fueling growth, he said that the company plans to expand the category, increase its market share and go for premiumisation in the category.
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