Target Financial News

Mahindra & Mahindra Financial Services, (MMFS), part of the Mahindra Group, slumped 14.40% to reach 237.35 apiece in early trade on Monday, a level not seen since April 2023, as the investors reacted negatively to the company's Q2FY24 performance, which was released post-market hours on Friday. At 10:45 AM, the stock was trading with a drop of 9.45% at ₹251.30.

Stock market today: Shares of Suzlon Energy Limited has been in uptrend after ushering in new financial year 2023-24. Suzlon shares bottomed out at ₹7.05 apiece levels on NSE at the end of March 2023 and since then its has been rising continuously. Suzlon share price today opened with an upside gap and hit intraday high of ₹32.80 apiece lveles, logging over 350 per cent rise in current financial year.

IDFC First Bank fell over 5% to the day's low of Rs 81.45 on the NSE in the opening trade on Monday amid selling pressure in banks and financial stocks. Though the stock managed to recover from its intraday lows around 10:30 pm, it was still down by 3%. Brokerage Motilal Oswal downgraded the stock to neutral with a revised target price of Rs 95 following its September quarter earnings on Saturday.

turban does not mean terrorism but symbolises faith, New York City Mayor Eric Adams said, as he described the recent attacks and hate crimes against the community as a “stain” on the country and vowed to protect its members. He also gave a clarion call for educating people about Sikhism. “You are not about terror; you are about protector. That is what needs to be taught throughout this entire city.

Cipla with a target price of Rs 1570. The current market price of Cipla is Rs 1198.1.

The BSE Sensex was trading 168 points or 0.26% lower at 63,614. Nifty50 was trading at 19,003, down 43 points or 0.23% at around 9.18 a.m.

SBI Life Insurance Company Ltd. with a target price of Rs 1570.

Maruti Suzuki India Ltd. with a target price of Rs 12300.

The trade ministers of the Group of Seven nations pledged to build a wider network with developing nations to ensure supply chains are resilient for key items including critical minerals, semiconductors and batteries, according to the group’s joint statement released Sunday at the conclusion of their two-day gathering in Osaka, Japan. “We deplore actions to weaponise economic dependencies and commit to build on free, fair, and mutually beneficial economic and trade relationships, and accelerate such collaboration with the wider international community,” the group said in its joint statement.

40% stocks in Nifty IT index have moved into the oversold region and among them Tech Mahindra and LTTS looks to be gearing up for a bounce back, says Anand James, Chief Market Strategist at Geojit Financial Services. “Among the NSE500 stocks, 10% stocks are oversold. Interesting fact is that Chemical stocks have corrected significantly and around 70% have either entered the oversold region or close to the oversold region,” he says. Edited excerpts: After six days of non-stop decline that ended with October series expiry, was Friday's upside expected? Nifty showed strong support at 200-DMA. What are the targets for the new series? Both the non stop decline as well as the turn on Friday could be explained by 200 DMA which remained the target and thereby a point for reversal, after the penetration of 19500 triggered panic selling. Friday also saw the November derivative series becoming active, also aiding a bounce back that has now retraced about 23% of the fall. This retracement could stretch as far as 19150 as well, while momentum could even push the recovery move to 19420 which is from where bears could mount fresh challenges in the days ahead. Alternatively, inability to hold above 19050 or a direct pull back below 18900 would also ensure that the 200 DMA at 18600 is tested. Breach of the same would bring the worst case scenarios into the picture, with 17000 as the likely objective, but this is least favoured at the moment.

Brokerage firm Macquarie upgraded RIL to neutral post Q2 results while Jefferies downgraded Cipla to hold. Also, Nomura maintained a neutral rating on Maruti Suzuki and Jefferies had a buy rating on Indian Hotels. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Macquarie on RIL: Neutral| Target Rs 2200 Macquarie upgraded RIL to Neutral from Underperform earlier and hiked the target price to Rs 2200 from Rs 2100. The September quarter results were in line with estimates.

Reliance Industries with a target price of Rs 2760. The current market price of Reliance Industries Ltd.

Also Read: Gaza receives largest aid shipment since Israel-Hamas war began The Israel Defense Forces (IDF) reported that their ground forces are continuing operations in the northern part of the Gaza Strip. During these operations, they have targeted Hamas militants and destroyed facilities belonging to the group. The IDF has stated that their troops have killed Hamas gunmen who engaged in a firefight with ground forces in Gaza.

Before FIRE Underestimating expenses Have a realistic understanding of expenses in retirement, including healthcare, housing and other costs. “Inflation levels, especially for critical illness and children’s education, have been scaling up over the past few years.

It’s extremely convenient for Treasurer Jim Chalmers that Australia’s central bank is in a vulnerable position at present because it means that Reserve Bank governor Michele Bullock will be extremely reluctant to call him out.

Associated Press citing a spokesperson at the Rafah crossing, 33 trucks of aid entered the only border crossing from Egypt. Citing humanitarian workers, the report also said that the assistance still fell desperately short of needs after thousands of people broke into warehouses to take flour and basic hygiene products. The aid warehouse break-ins were “a worrying sign that civil order is starting to break down after three weeks of war and a tight siege on Gaza," said Thomas White, Gaza director for the UN agency for Palestinian refugees, known as UNRWA.

Furious universe, which began in 2001 with «The Fast and the Furious», has grown into a massive universe with Vin Diesel and Universal Studios. Having evolved from a street racing film to a globally acclaimed franchise, it boasts an astounding cumulative gross of over $7 billion. What’s next in the Fast and Furious series? Fast & Furious Presents: Hobbs & Reyes As fans eagerly awaited what's next post «Fast X», Dwayne Johnson spilled the beans on an upcoming spin-off.

By Stella Qiu

Alexis Augier has done it all. Sincegraduating from Spanish business school in Esade in 2016, he's been an analyst at Goldman Sachs' investment bank, a private equity associate at KKR, an 'investment professional' at hedge fund Elliott Asset Management, and founded a successful start-up. 

You wouldn’t necessarily think that multistrategy hedge fund “pod shops” had much in common with the characters from “Sex and the City”. But Millennium’s Izzy Englander is lamenting that successful portfolio managers are like New York men over the age of 30 — all the good ones have been taken.

NEW DELHI : Maruti Suzuki India Ltd, the country’s largest carmaker, is seeing a surge in deliveries as it fulfils long-standing orders for new models amid easing chip availability and high consumer interest during the ongoing festive season. The carmaker delivered over 310,000 units, a growth of 19% year-on-year in the 70-day period between 17 August, the start of the Chingam month, which kicks off Onam festivities in Kerala, and the end of the Navratri period on 24 October, a top company executive said.