Target Financial News
13.11 / 07:25
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Elders shares jump as CEO says it is no ‘one-trick pony’
Shares in agribusiness group Elders jumped more than 15 per cent as chief executive Mark Allison reinforced the company’s resilience in tougher times despite falling fertiliser prices, and higher interest rates hitting the real estate division.
13.11 / 07:20
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Hindalco share price gains 2% post Q2 results; brokerages express mixed views
₹552, while Motilal Oswal Financial Services has reiterated 'Buy' stance on the stock with a target price of ₹580 and sees potential upside of 21% from Friday's close price of ₹481. Hindalco share price today opened at ₹483.40 apiece on BSE.
13.11 / 06:59
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ONGC share price declines over 1% post Q2 results. Should you buy, sell or hold the stock? Check brokerage views
Oil and Natural Gas Corporation (ONGC ltd) share prices declined up to 1.31% on the BSE in morning trades on Monday Oil and Natural Gas Corporation (ONGC) released its July-September quarter results for fiscal 2023-24 (Q2FY24) on Friday, November 10, post market hours. ONGC reported a surge of 142 per cent in consolidated net profit at ₹16,553 crore, compared to ₹6830 crore in the corresponding period last year. The state-run petroleum giant's revenue from operations during the second quarter of the current fiscal stood at ₹146,873.73 crore, registering a decline of 13 per cent, compared to ₹168,656.12 crore in the year-ago period.
13.11 / 06:59
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Coal India share price hits 52-week high as brokerages raise target price on strong Q2 results
Coal India share price extended rally to hit a fresh 52-week high on Monday after the company’s better-than-estimated earnings for the quarter ended September 2023 cheered analysts. Coal India shares gained as much as 4.76% to a high of ₹347.50 apiece on the BSE after certain brokerages raised target price on the stock. The world’s largest coal miner, Coal India (CIL), reported a 9.85% increase in revenue and a 12.51% increase in net profit year-over-year during the second quarter of FY24.
13.11 / 06:07
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‘New projects in Dubai, consulting, and more…’ here's what Mark Mobius plans to do next
Bloomberg reported that Mobius plans to step back from the namesake investment firm he co-founded five years ago. "London-based Mobius Investment Trust will continue to be managed by Mobius Capital Partners LLP, which is led by Founding Partner Carlos Hardenberg, according to a statement from the trust on Friday. The fund had $250 million in assets under management as of February," according to the Bloomberg report.
13.11 / 05:17
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Hot Stocks: Brokerage view on BSE, LIC, Ashok Leyland and Eicher
BSE Ltd. Emkay upgraded LIC to buy, and CLSA maintained a buy on Ashok Leyland and on Eicher Motors. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Investec on BSE: Buy| Target Rs 2345 Investec maintained a buy rating on BSE and raised the target price to Rs 2345 from Rs 2140 earlier. The company reported an earnings beat on the core business.
13.11 / 05:17
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Should you buy LIC stock post 50% YoY fall in Q2 profits?
brokerages recommended a buy rating on the LIC stock. While Emkay upgraded the stock from an earlier hold stance, Motilal Oswal reiterated its buy, arguing that India's largest life insurer has levers in place to maintain its industry-leading position and ramp up growth in the highly profitable product segments. The stock today fell 1.4% to the day's low of Rs 599.20 on the NSE in the opening trade amid weakness in the overall markets.
13.11 / 05:17
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Buy Hindalco Industries, target price Rs 580: Motilal Oswal
Hindalco Industries Ltd. with a target price of Rs 580.
13.11 / 05:13
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M&M’s strong Q2 results get thumbs up from analysts; should you buy the stock?
₹3,451.88 crore, while revenue from operations in Q2FY24 rose 15.7% to ₹24,309.89 crore. M&M’s revenue growth during the quarter ended September 2023 was driven by volumes growth of 11% YoY, while Average Selling Prices (ASP) grew 5% YoY.
13.11 / 05:13
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Stocks to buy this week: NMDC, DMart, SAIL, IDFC among 9 technical picks; do you own any?
Geojit Financial Services, the 50DMA (daily moving average) at 19,570 remains a stiff challenge, above which, expect buyers to not chase prices higher. "This also brings the downside markers forward from 19,262/19,170 to 19,433 or 19,370 which would be critical as turnaround points while we play the 19,840 trajectory," said James. Experts recommend buying technically and fundamentally sound stocks at the current juncture, considering the prevailing uncertainty in the short term.
13.11 / 04:37
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LIC share price declined up to 1.49% on Q2 results. Should you buy, sell or hold the stock? Check brokerage views
Life Insurance Corporation of India share price declined up to 1.49% on the BSE in morning trades on Monday. Life Insurance Corporation of India had declared its Q2 FY24 results on 10 November 2023, post market hours. The topline decreased by 9.2% and the profit decreased by 49.35% YoY.
13.11 / 04:33
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Indonesian buyer hunts Incitec Pivot fertiliser bargain
The interim chief executive of explosives and fertilisers group Incitec Pivot has rejected suggestions the company might be squandering value by preparing to sell the downtrodden fertilisers business at a low point in the cycle.
13.11 / 04:22
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Day trading guide for stock market today: Five stocks to buy or sell on Monday — 13th November
Day trading guide for today: Indian stock market finished on a higher note for sixth straight Muhurat trading session on Diwali 2023. Nifty 50 index gained 100 points and closed at 19,525 levels, BSE Sensex shot up 354 points and finished at 65,259 mark whereas Bank Nifty index ended 176 points higher at 43,996 levels. Small-cap index surged 1.14 per cent while mid-cap index 0.67 per cent.
13.11 / 03:25
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The Aussie brokers pitching ASX stories to London’s big money
London | There are many ways to measure the pandemic’s disappearance into the rear vision mirror. One prime indicator, in the past six months, has been the heavy traffic in business class on QF1, the flight to London.
13.11 / 03:23
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US carries out air strikes in Syria against Iran-linked facilities
By Phil Stewart and Suleiman Al-Khalidi
13.11 / 03:23
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Unlock the Full Power of Fundamental Analysis for Consistent Stock Market Success
Investing in the stocks requires more in-depth research compared to other investment instruments. Stock investment implies becoming a shareholder in a company, making it crucial to understand the financial health of the chosen company, how its stock price has performed, and its behavior in relation to the industry and market conditions.
13.11 / 02:24
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Investors to focus on inflation data in the week ahead
Nifty index was not able to breach above the key level of 19,500. Though cues from the Fed Chair's speech have reduced the likelihood of a rate hike in the near term, leading to an ease in US treasury yields and calming the market, he said. However, headline inflation remains above the US central bank's target.
13.11 / 02:23
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Israel-Gaza War Day 39: Biden talks to Qatari emir; EU condemns Hamas for using civilians as ‘human shields’. Top points
Israel-Gaza conflict, the Israeli military supplied 300 litres of fuel to Shifa Hospital for critical medical needs. Here are the top ten key developments in the Israel-Hamas conflict. 1.
13.11 / 02:23
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Buy or sell: Vaishali Parekh recommends three stocks to buy today — November 13
Buy or sell stocks for today: Key benchmark indices of the Indian stock market ended higher for sixth straight Muhurat trading session on Sunday. Nifty 50 index gained 100 points and closed at 19,525 levels, BSE Sensex shot up 354 points and finished at 65,259 mark whereas Bank Nifty index ended 176 points higher at 43,996 levels.
13.11 / 01:35
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EAM Jaishankar arrives in London on 5-day UK visit
S Jaishankar has arrived in London at the start of a five-day visit to the UK with an aim to review various aspects of bilateral ties and give «new impetus to the friendly ties». «Wishing everyone a very happy and prosperous Diwali. Hope that this Festival of Lights brings peace, prosperity and health for all,» the EAM posted on X on Sunday.
13.11 / 00:48
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TPG hangs up on $6.3b asset sale to Vocus
TPG Telecom shares plunged after it failed to reach an agreement with Vocus Group over a $6.3 billion transaction to offload its Vision Network.
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