Target Financial News

Click here!) Asian Tiles has been in a 15-month consolidation and during this period it witnessed increased volatility. The stock has confirmed a breakout from this consolidation on the weekly charts with extremely strong volumes. The delivery volumes have been above average as well, suggesting strong accumulation has been seen in the stock and it is now ripe for a strong upside.

By Emma Rumney

Biotechnology giant CSL argues an ageing population will help shield its business from any fallout from the explosion in Ozempic-style drugs used off-label to treat weight loss, and potentially undermining its investment in therapies targeting kidney disease.

He Jinbi, head of Maike Metal International Group, China’s top copper importer, has not been seen in public recently, and is believed to have been detained by Chinese authorities. By the standards of disappearances in China this year, He’s case seems relatively minor. Qin Yaqing appointed as China’s foreign minister in December last year disappeared in July, while defence minister Gen.

Here is your Pro Recap of the top takeaways from Wall Street analysts for the past week: upgrades for Oracle, Electronic Arts, and Exxon Mobil, and downgrades for Texas Instruments and Netflix.

By Louis Juricic and Sarina Isaacs

NEW DELHI: As investors remain worried over the impact of merger, HDFC Bank shares have been underperforming with an 8% drop in the last one month. Ahead of the release of its Q2 earnings today, Anand James, Chief Market Strategist at Geojit Financial Services, says the present set-up doesn't convince a sustainable recovery. “Towards this end, we eye the prospects of rejection trades emerging this week, unless there is a close above Rs 1575/1612,” he says. Edited excerpts: Nifty saw some buying at lower levels last week. What would be your strategy going ahead as IT stocks are likely to see more downside pressure? Barring Infosys, IT stocks like TCS, HCL Tech and Tech Mahindra, which together form 11% of Nifty, seems to have found a base around their respective rising trendline supports hinting a bounce back. Towards this end, we do not expect IT stocks to be slowing down Nifty, but banks might.

Penfolds owner Treasury Wine Estates was hit with a 46 per cent protest vote over executive pay on Monday after the board allowed share-based incentives to chief executive Tim Ford on the basis that no-one could have foreseen the heavy profit drop from punishing wine tariffs imposed by China.

'Kaun banega crorepati' with Mutual Fund SIP: An investor can become a crorepati sooner if he starts investing early in his life, and the amount he needs to save will also be less. But if you keep dilly-dallying your investment plan, you will have to shell more from your pocket. So, how much SIP do you need to make in order to have a corpus of ₹10 crore by the time you're 60 years old?

HDFC Life and Goldman Sachs recommended a buy on Paytm. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Jefferies on Avenue Supermarts (D-Mart): Hold| Target Rs 3850 Jefferies maintained a hold rating on Avenue Supermarts (D-Mart) but raised the target price to Rs 3850 from Rs 3700 earlier post September quarter results. Q2 EBITDA was below estimates on lower GMs and higher staff costs. General merchandise and apparel mix remained muted which led to margin pressure. H1 SSSG at 8.6% is respectable with improving footfalls that is evident from higher per-store transactions. CLSA on ICICI Prudential Life Insurance: Buy| Target Rs 700 CLSA maintained a buy rating on ICICI Prudential Life Insurance with a target price of Rs 700.

Avenue Supermarts fell over 4% in the early trade on Monday to the day's low of Rs 3,772.75 after top brokerages highlighted sustained margin pressures in the company's operations while a couple of them cut their FY24 net profit estimates. Among them were Jefferies which reiterated a 'Hold' on the stock, citing concerns over the company's general merchandise & apparel mix business which drove margin pressure. Kotak Institutional Equities, though raised its price target, recommended a 'Sell' on the stock. Meanwhile, both Nuvama and Motilal Oswal cut FY24 profit after tax (PAT) estimates even as they maintained a buy rating on the counter.

₹3,771.70 apiece on the BSE. Avenue Supermarts, the operator of DMart retail chain, on October 14 reported a consolidated net profit of ₹623.35 crore for the second quarter FY24, registering a drop of 9.09% from ₹685.71 crore in the year-ago period. The company’s consolidated revenue from operations in Q2FY24 grew 18.66% to ₹12,624.37 crore from ₹10.638.33 crore, YoY.

Stocks that were in focus included names like HDFC AMC, which rose 3.52%, Britannia, which fell 2.23%, and Tata Consumer, whose shares jumped 2.15% on Friday. Here's what Pravesh Gour, Senior Technical Analyst at Swastika Investmart, recommends investors should do with these stocks when the market resumes trading today. HDFC AMC The counter is in a classical uptrend and a breakout of symmetrical triangle formation with strong volumes. The overall structure is very bullish as it trades above its all-important moving averages. One can take a position at CMP Rs 2855 as it created a strong base around Rs 2650 at 9 and 20-DMA for a target of Rs 3140. Infosys It is continuously forming higher highs and higher lows.

Gaza is expected to reopen amid diplomatic efforts to get aid into the Hamas-controlled strip that has been under intense Israeli bombing since the group's rampage that killed 1,300 people on Oct. 7. Shocked by the assault on towns and villages, Israel is carrying out the most intense bombardment Gaza has ever seen, has imposed a strict blockade, and is preparing a ground invasion. Hundreds of metric tons of aid from several countries have been held up in Egypt's Sinai Peninsula for days pending a deal for its safe delivery to Gaza and the evacuation of some foreign passport holders through the Rafah crossing. «Rafah will be reopened.

RV Capital Management has raised its maiden private credit fund in India of ₹500 crore and is looking to raise up to an additional ₹300 crore. The fund targeting a return of 14% to 16%.

RK Singh on Sunday said the ministry's aim is to provide enough electricity to power the country's growth even higher than the current levels. «Our mission is to provide electricity so that the Indian economy is able to grow at around 9- 10%» he said while addressing the foundation day of the Central Electricity Authority (CEA). The CEA is the planning cell of the power ministry.

(Reuters) — Canadian labor union Unifor on Sunday said its members had voted in favor of a contract with General Motors (NYSE:GM), a relief for the automaker as it also faces a larger strike by hourly workers in the United States.

₹50 crore of unidentified cash in IT raids has become the centre of a political row erupted between Congress and BJP in Karnataka. Soon after IT raids recovery on Sunday, BJP state president Nalin Kumar Kateeel claimed links between ruling Congress and the recovered money. Soon after his allegations, Chief Minister Siddaramaiah denied the claims and called them baseless.

₹301 trillion and an exchange rate of 83 a dollar. Emails sent to the Prime Minister’s Office and NITI Aayog on Saturday seeking comments for the story remained unanswered. The proposed blueprint comes as India’s efforts to speed up economic growth by capturing a greater share of global production and trade are facing multiple challenges, including tight global financial conditions and geopolitical uncertainties.

Centre is aiming at raising ₹400 crore from scrap disposal across government offices, free up 100 lakh square feet space in sarkari offices and clean up 2.26 lakh sites under #SpecialCampiagn3 launched on September 29. The two-week-old mission has already raised ₹117.3 crore from scrap disposal and freed up 32.54 lakh square feet space. 1.47 lakh sites have had a clean-up too, as per latest data. Steered by the Department of Administrative Reforms & Public Grievances (DARPG), the Campaign focuses on effective disposal of public grievances, references from Members of Parliament, Parliament assurances besides, weeding out files, cleanliness drive in the workplace and disposal of scrap from government offices. While all ministries and departments are actively pursuing set targets, under specific focus this time are the establishments under the Ministry of Home Affairs, Ministry of Defence, Department of Heavy Industries, Ministry of Coal, Mines and Steel and the various PSUs.