Target Financial News

Stock market today: After a heavy sell-off on Monday, banking stocks listed on Dalal Street attracted good buying interest during morning deals on Tuesday. The bank Nifty index today opened upside at 45,056 level and went on to touch an intraday high of 45,183 mark, logging an intraday rise of around 300 points within an hour of the opening bell.

NHPC in response to the third-quarter results of the Indian public sector hydropower provider. With an increased target price of ₹91, up about 6% from the prior target price of ₹86, JM Financial is still recommending NHPC as a "buy." Additionally, the brokerage believes that the stock has over 12% potential.

₹1,063.40 apiece on the BSE. On Monday, Bharat Forge stock price plunged over 14% after the forging company reported its December quarter results. In two days, the stock has fallen over 19%.

Hindalco Industries tanked 14% to the day's low of Rs 501.10 on the NSE on Tuesday after its US-based subsidiary Novelis lowered its returns guidance for Bay Minette project to double digits from an earlier mid-teens. The company also announced an additional capex for the project which came as a shocker for the Street. On Monday, Novelis reported net income at $174 million which was up 81% year-on-year (YoY) though it excluded special items, the company filing said. The adjusted EBITDA was reported at $454 million which was up 33% YoY. The company reported net sales at $3.9 billion for the third quarter of fiscal year 2024, which decreased 6% versus the prior year period driven by lower average aluminum prices as shipments were in line with prior year levels.

Reliance Industries (RIL) today become the first listed Indian entity to cross the Rs 20 lakh crore market capitalisation milestone after the stock rallied up to 1.89% to hit fresh 52-week high of Rs 2957.80 on BSE. In the last two weeks alone, the stock's market value has gone up by Rs 1 lakh crore as the Rs 19 lakh crore-level was touched on January 29. So far in the calendar year, the share price of India's most valued stock has gone up by about 14%.

returned to the White House, which version will it be? The one who cajoled allies to spend more on defence, reinforced NATO troops on the eastern flank and began to arm Ukraine; or the one who threatened to leave the alliance and embraced Vladimir Putin? To judge from his latest election-campaign outrage, he is likely to prove the wrecker of the Western alliance. At a rally on February 10th Mr Trump, the near-certain Republican presidential nominee recounted how the leader of a “big country" once asked him whether America would defend an ally that was “delinquent" on its payments, presumably one that was not meeting the NATO target of spending 2% of GDP on defence. “No, I would not protect you," Mr.

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Elon Musk-owned social media platform X (formerly Twitter) will soon allow advertisers to place ads next to a curated list of content creators with its new Creator Targeting feature. Advertisers will now be able to choose to have their ads run before videos from specific creators, and these ads will be visible in the user's home timeline and on the creator's profile.

Houthis fired two missiles on Monday at an Iran-bound cargo ship in the Red Sea, causing minor damage to the vessel but no injuries, U.S. military officials said. The early morning strikes appeared to be the first time the Houthis have targeted an Iran-bound vessel since starting attacks on international shipping in solidarity with Palestinians over the Israel-Hamas war in Gaza, shipping sources said. «Iranian-backed Houthi militants fired two missiles from Houthi-controlled areas of Yemen toward the Bab al-Mandeb,» U.S Central Command said on the social media site X, formerly known as Twitter.

Stock market today: On account of the sharp sell-off in PSU stocks, the Indian stock market gave up early morning gains and ended lower on Monday. The Nifty 50 index lost 166 points and closed at the 21,616 level, the BSE Sensex nosedived 523 points and finished at the 71,072 mark while the Bank Nifty index crashed 752 points and ended at the 44,882 level. In the broad market, the small-cap index crashed 3.16 percent whereas the mid-cap index tanked 2.62 percent.

Buy or sell stocks for today: Following a sharp sell-off in PSU stocks, the Indian stock market gave up early morning gains and ended lower on Monday. The Nifty 50 index lost 166 points and closed at a 21,616 level, the BSE Sensex nosedived 523 points and finished at the 71,072 mark while the Bank Nifty index crashed 752 points and ended at 44,882 level.

Israeli Minister of Transport and Road Safety, Miri Regev, paid tribute to the victims of the 26/11 terror attacks at Mumbai's Nariman House on Monday. After laying flowers at a column raised in memory of the 26/11 victims, the minister also interacted with members of the Indian Jewish community at the Keneseth Eliyahoo Synagogue. In one of the deadliest terror attacks to have been perpetrated on Indian soil, 10 members of Pakistan-based Lashkar-e-Taiba infiltrated India's commercial capital by the sea on the night of November 26, 2008, opening fire on unarmed civilians at some prominent public spaces across Mumbai.

Risk management and benefits firm Milliman is facing a trial in April over the alleged mismanagement of its own 401(k) plan.

SYDNEY (Reuters) — Australia's central bank on Tuesday reiterated that while inflation was slowing, it was still too high and would take time to return to target, with much depending on whether productivity revived as hoped.

In an effort to enhance the range of investment options available across its network, Orion, a fintech provider that targets fiduciary advisors, is offering wider access to a suite of diversified strategies for affluent investors.

Taj Hotels brought out an arresting full-page ad in this paper. With an image of a table set for a romantic candlelight dinner in elegant surroundings, the line said: 'This Valentine's Day, a romance like always.' And below this image-text, the image of a young couple, swoon-sitting on the marble steps of a Taj property, had the tagline: 'A romantic getaway like never before.' In this composite messaging, the luxury chain was not only cajoling high-end guests to 'experience Taj' during the 'season of love', but it was also specifically targeting a group: youth.

(Updated — February 12, 2024 11:21 AM EST)

Shares of Viavi Solutions (NASDAQ:VIAV) surged more than 15% Monday after analysts at Stifel upgraded the stock to Buy from Hold, raising the price target to $13 from $15 per share.

manufacturing sector whose share in India's GVA continues to languish at about 17.4% which is less even than the share of agriculture. The government's persistent efforts to invigorate this crucial segment have led to the introduction of various initiatives, and at the forefront is the Production Linked Incentives (PLI) scheme under the flagship Atmanirbhar Bharat Abhiyaan. The PLI scheme, conceived with the aim of overhauling domestic manufacturing, seeks to amplify capacity and competence and create global champions.

Motilal Oswal Financial Services had a buy rating with a target price of ₹515. Many other analyst firms have also provided an optimistic growth outlook for ITC. However, ITC's stock recently faced an avoidable overreaction from some investors following the BAT indication to reduce their shareholding for immediate cash requirements.

Mint explains: Beginning January, farmers from several member-nations of the European Union (EU)—Belgium, Bulgaria, France, Germany, Hungary, Italy, Poland and Spain—invaded cities with their tractors, burning tyres, dumping manure, raiding supermarkets, blocking access to ports and highways and choking city centres. They are protesting subsidy cuts, high energy prices, cheap grain imports from Ukraine, beef imports from Latin America, growing clout of big agribusiness and climate policies limiting the use of chemical inputs. It is a profitability crisis—due to higher farming costs and low produce prices.