Target Financial News

Vinit Bolinjkar, Head of Research, Ventura Securities, sees the Nifty around 24,000-25,000 by next Diwali, which implies a 24-29 percent upside. For Muhurat trading, he advised investors that rather than focusing solely on the share price, it's important to evaluate the company valuations and the potential for future expansion and growth prospects. A decent allocation of 10 percent of the portfolio in gold provides stability, he added.

₹520, which indicates 73.85% upside from the current levels of ₹299.10 at 13:07 IST on Friday. As a scaled-up internet-first franchise, Honasa, best known for its main brand "Mamaearth," enjoys a sizable moat, according to the brokerage's analysis.

economy failed to grow in the July-to-September period but at least managed to avoid the start of a recession, figures from the Office for National Statistics showed on Friday. The 0% change in gross domestic product in the third quarter compared with a forecast for a 0.1% fall in a Reuters poll of economists, which many analysts said was likely to represent the start of a recession.

Bank of India (RBI) with a sense of assurance, enabling them to maintain interest rates at a stable level over the coming months, as suggested by experts. According to a Mint poll of 17 economists, India’s retail inflation likely cooled to 4.8 per cent in October from 5 per cent in September. However, economists warned that vegetable prices still pose an upside risk to their forecasts.

ransomware attack that disrupted trades in the US Treasury market on Thursday, the latest in a string of victims ransom-demanding hackers have claimed this year. ICBC Financial Services, the US unit of China's largest commercial lender by assets, said it was investigating the attack that disrupted some of its systems, and making progress toward recovering from it.

Joe Biden has said that there is «no possibility» of a ceasefire in Gaza. Biden said that the US government will not stop until it gets the hostages out. Speaking to reporters about the chances of a Gaza ceasefire, Biden said, «None, No possibility.» Asked about an update on getting hostages out, he said, «We're still optimistic.» In his message to the families of the hostages in Gaza, Biden said, «We're not going to stop until we get them out.» Speaking to reporters before Air Force One departure at Joint Base Andrews in Maryland, Biden said that the retaliatory strikes in the Middle East are working «in the sense that we're hitting the targets strategically.» Biden said he had asked Israeli Prime Minister Benjamin Netanyahu for a more than three-day pause. Asked whether he had asked Netanyahu to pause for three days to get the hostages out for that length of time, Biden said, " Yes.

Honasa Consumer, which runs Mamaearth and other brands, today fell up to 15% but recovered after global brokerage firm Jefferies issued a report initiating coverage on the beauty and personal care products company. After falling 15% to the day's low at Rs 256.10 in the morning session, Mamaearth shares rallied up to around 4% to Rs 313.50 at noon. «Honasa should report industry-leading growth at 27% over the next 3 years. We value at 6x Sep-25 EV/sales (at a discount to HPC peers; implies 67x FY26 PE) to arrive at a price target of Rs 520,» Jefferies said, while calling it a high conviction buy. Led by founder-couple Varun and Ghazal Alagh, Honasa has prioritised growth over profitability, which Jefferies said is the correct strategy.

Rachin Ravindra, one of the revelation of this World Cup, visited his grandmother's house in Bangalore on Thursday to seek her blessings. New Zealand cricketer Ravindra, whose parents are from Bangalore, has helped the Kiwis almost seal a semi-final berth. In a video doing the rounds on social media, Ravindra's grandmother seems to be doing the 'buri nazar' protection ritual, with the Kiwi all-rounder seated on a sofa.

FRANKFURT (Reuters) — Germany's Allianz (ETR:ALVG) on Friday posted a 30% fall in its third-quarter net profit, dragged down by claims from natural catastrophes, although the financial services company maintained its full-year profit outlook.

Mineral Resources has made another lithiumacquisition less than a week out from the company’s annual general meeting, where billionaire founder Chris Ellison is expected to shed some light on the strategy behind a spate of recent deals.

Bank of Queensland has lost its fifth executive since Patrick Allaway stepped in to stabilise the company’s senior management a year ago.

Pakistan were hoping for a wash-out as New Zealand faced Sri Lanka on November 9. Weather predictions for Bengaluru were encouraging for them as well. New Zealand failing to get to 10 points would have meant a smoother journey for the Men in Green.

Khalistani leader Pannun's Air India Threat: Delhi, Punjab airports bar visitors "We are asking the Sikh people not to fly via Air India. From November 19, there will be a global blockade. Air India won't be allowed to operate.

United Spirits share price plunged almost 7 per cent in morning trade on BSE on Friday, November 10, as investors offloaded shares of the company in the wake of its September quarter earnings which showed a significant year-on-year (YoY) fall in standalone revenue and profit. In an exchange filing on Wednesday, November 8, United Spirits said its standalone revenue from operations dropped almost 19 per cent YoY to ₹6,733.8 crore. In the same quarter last year, the company's revenue from operations was at ₹8,275.9 crore.

Adani Ports and Special Economic Zone (APSEZ) reported a rise of 4.2% in its Q2FY24 net profit at ₹1,747.8 crore, compared to ₹1,677.5 crore in the corresponding period last year. The port major's revenue from operations in the quarter ended September 2023 stood at ₹6,646.6 crore, registering a growth of 27.6%, compared to ₹5,210.8 crore in the year-ago period.

Federal Reserve will not hesitate to raise interest rates further, if necessary, to achieve its 2% inflation target, took some sheen out of the yellow metal on Friday as bullion traded in the red in the early trade. At 9:30 am, MCX December gold futures were trading at Rs 60,218 per 10 gram, down by Rs 64 or 0.11% from the Thursday closing price. Meanwhile, the December Silver futures were trading at Rs 71,120 per kg, lower by Rs 93 or 0.13%. On Comex, gold futures were trading at $1,951.30 per troy ounce on Friday, down by $6.50 or 0.33% while silver futures were trading at $22.545, lower by $0.183 or 0.810%. The dollar index was trading flat at 105.89 against a basket of top six currencies, down by 0.02 points or 0.02%. The December gold futures ended at Rs 60,327 on the MCX on Thursday, up by Rs 318 or 0.53% while the December Silver futures settled at Rs 71,390, higher by Rs 177 or 0.25%. «Spot gold was able to find support at the crucial level of $1945.

Sri Lanka in their last league fixture virtually eliminates both Afghanistan and Pakistan from the ICC World Cup semi-final race. With this win, New Zealand secured 10 points and significantly improved their net run rate.

Dhanteras today, gold investors would be sitting on near 20% returns accrued by the yellow metal since last Dhanteras. As an asset class, yellow metal has outperformed its equity market peers in Nifty and the BSE Sensex during this period. Gold's returns are neary two-fold in comparison to Nifty and Sensex which have delivered returns of 10.34% and 9.31%, respectively, since last Dhanteras which fell on October 22, 2022.

Muthoot Finance share price declined more than 7% in early trade on Friday after the company’s September quarter results missed analysts’ estimates. Muthoot Finance shares fell as much as 7.31% to ₹1,217.05 apiece on the BSE. The gold financing company Muthoot Finance reported a smaller-than-expected rise in its second-quarter net profit, hurt by high finance costs.

Day trading guide for stock market today: After showing upside recoveries in the last couple of sessions, Indian stock market continued with choppy movement on Thursday and closed lower on Thursday. Nifty 50 index lost 48 points and closed at 19,395 levels, BSE Sensex went down 143 points and closed at 64,832 mark whereas Bank Nifty index finished 24 points higher at 43,683 levels.

Coromandel International Ltd. with a target price of Rs 1330.