Target Financial News

Hindalco Industries, an aluminium manufacturer, has decided to back the new greenhouse gas (GHG) initiative of the International Aluminium Institute (IAI) and urged others to join it. The initiative was launched at the United Nations' Climate Change Conference (COP28), with 13 signatories committing to transparently and publicly tracking GHG reductions of all its member companies.

Most of Wall Street thinks inflation has been conquered. There is a lot at stake if they are wrong. Encouraging inflation data recently propelled a big rally across markets, with a traditional portfolio of stocks and bonds last month delivering one of its best returns of the past 30 years.

Advanced Micro Devices has been defying the odds for years now. So it isn’t a great stretch to imagine the chip maker doing so again. The company more commonly known as AMD long competed primarily against Intel for a small slice of the personal computer and server markets.

The market enthusiasm for artificial intelligence (AI) has attracted investors to high-flying tech stocks, reminiscent of past bubbles, raising concerns among analysts.

Lower-than-expected temperatures in the global north during early December and late November have raised eyebrows. This occurrence is particularly rare, especially in light of the ongoing global warming issues as temperatures this low aren't expected so early in the heating season.

BPCL and HPCL, and an Accumulate rating on IOCL. This recommendation is based on factors such as a super normal Gross Refining Margin (GRM) becoming the new normal, a well-diversified crude basket with substantial discounts for Indian refiners, anticipated bumper dividends from OMCs, and the government's budgeted capital infusion of ₹30,000 crore, guaranteeing the protection of book value and a reduction in the net debt to EBITDA ratio, explained the brokerage. It has a target price of ₹550 for BPCL, implying an over 25% upside.

SJVN with a 'buy' rating, pointing out the stock's capacity to yield strong returns of two to three times over a three- to five-year period. The brokerage believes there is a potential upside of 48% for SJVN stock from the current market price of 84 and has set the target price for SJVN at ₹125.

Online brokerage giant Robinhood on Thursday said it's launching a cryptocurrency trading feature in the European Union, pushing further outside the United States as the company looks to unlock growth from international markets.

Punjab National Bank has seen its shares perform exceptionally well this year so far, rewarding its shareholders with a return of 53%. During this period, the stock has appreciated from ₹56.80 apiece to the current level of ₹86.40. This marks the stock's third consecutive yearly return.

Nikhil Nigania, Director, AB Bernstein, says “we are still in the early stages of a multi-year cycle in the power sector. We think some of these demand supply challenges will continue for some time. The receivables should stay good. And the renewable commitment has been to triple the capacity by 2030. It is still early in the cycle. It looks like good times are ahead for the sector.” Give us the big picture. Why is power along with its ancillaries so hot in the market? What has happened in the power sector is that we had a decade of poor performance for the sector. Now suddenly two things are happening. One, we are in a tight power demand supply situation. Hence, we are seeing deficits in power. And second, at the same time, we are trying to do energy transitions as well. And maybe to a third point to add to that, is that receivables for the power sector companies have also improved.

Nuvama Wealth Management with a ‘Buy’ rating and a target price of ₹4,110, representing approximately a 27 percent potential upside. Nuvama's strength lies in its multi-product and open-architecture distribution model in the wealth sector. The company has a diverse customer focus, catering to Ultra High Net Worth Individuals (UHNI) through Nuvama Private and High Net Worth Individuals (HNI) and affluent clients through Nuvama Wealth.

Rajeev Chandrasekhar on Thursday said that the digital economy will contribute 20 per cent of India's gross domestic product (GDP) by 2026. The Union minister of state for electronics and information technology, skill development and entrepreneurship was speaking at the inaugural function of 'Startup Conclave 2023', organised by the Gujarat government at helipad ground in the state capital.

Radico Khaitan, revising its price target to ₹1,965. The brokerage also projects a 17.66% potential upside in the stock from its current market price of ₹1,670.

Maruti Suzuki India, State Bank of India, Lupin ltd, Federal Bank, Varun Beverages, TVS Motors, Bharti Airtel, PNC infra, ITC, Relaxo Footwears, CIE Automotive India, Bank of Baroda, Westlife Foodworld, CreditAccess Grameen, JTL Industries are among top stock picks of Axis Securities Axis Securities has rolled over its Nifty Base case December’24 target at 23000. In their base case, they assume the continuation of the political stability and consequent visibility on the policy continuity after the 2024 general elections.

Tata Power jumped nearly 10% to the day’s high of Rs 322.25 on the NSE on Thursday following an upgrade by brokerage firm JM Financial. The rally ensured that the company’s market cap crossed the Rs 1 lakh crore mark, thus making it the sixth firm from the Tata stable to achieve the coveted milestone.

cricket field. “He does not even respect his senior players, including Viru bhai. That's exactly what happened today.

One of Washington’s biggest China critics traveled to New York in mid-September to meet with some of Wall Street’s best-known financiers. His mission was to persuade them to stop investing in China. Wisconsin Republican Mike Gallagher, who chairs a House committee on China, was surprised to find they didn’t need much coaxing.

₹50,000 and expand higher-ticket loans. In an exchange filing on Wednesday, December 6, One97 Communications Limited (OCL) which owns the brand Paytm, said it will further "expand its business to offer higher ticket personal and merchant loans, which would be targeted at lower-risk and high-credit worthy customers, in partnership with large banks and NBFCs (non-bank financial companies)." Besides, the company said it will cut down on smaller loans, keeping in mind the prevailing macro conditions and the Reserve Bank of India's rules on consumer lending.

Android 14. According to the government body, several vulnerabilities have been identified within the Android operating system.

There are growing concerns about reported extortion attempts targeting members of the South Asian community in B.C.’s Fraser Valley.

The EV trend in the US at the end of 2023 is a little tough to tease out