Target Financial News

WA gold miner Red 5 Limited isn’t resting on its laurels after listed peer Silver Lake Resources’ sharemarket raid earlier this month. The purchase of an 11 per cent stake by Luke Tonkin’s Silver Lake didn’t just put Red 5 into play, it threw down the gauntlet to Raleigh Finlayson’s Genesis Minerals.

Companies extracting hydrogen from underground in Western Australia will be charged a royalty in future under a refresh of the state’s hydrogen strategy.

Ircon International rose over 4% to Rs 147 in Monday's trade on BSE after the firm executed the contract agreement with the Sri Lanka Railways. «Ircon International Limited has executed the contract agreement with Sri Lanka Railways, Ministry of Transport, Sri Lanka for the work of procurement of design, installation, testing, commissioning and certifying of signalling and telecommunication system from Maho Junction (Including) to Anuradhapura (Excluding) under Indian Line of Credit at a total price of USD 14.89 million equivalent to approx. Rs 122 crore on 21st September 2023,» the company said in an exchange filing. The work will be completed within 24 months from the date of signing of the contract. At 10.49 a.m., the scrip was trading 2.9% higher at Rs 145.5 on BSE.

JK Cement with a target price of Rs 3856. The current market price of JK Cement Ltd.

MAN Industries Ltd, part of the iron & steel industry, has rallied by about 20% in a month pushing the stock to a fresh 52-week high earlier in September but the chart pattern suggests that bulls are here to stay. Short-to-medium-term traders can look to buy the stock on dips for a possible target above 270 levels in the next 2-3 quarters, suggest experts. The stock rose from Rs 143 as on 21 August 2023 to Rs 172 recorded on 21st September 2023 which translates into an upside of over 20%. The momentum pushed the stock to a fresh 52-week high of Rs 188 on 4 September 2023. It failed to hold on to the momentum, but it is still trading above crucial support levels. The stock witnessed a breakout from a falling trendline at 161 levels (swing high of Rs 15 January 2018) on the quarterly charts.

Gold steadied on Monday after eking out a narrow 0.1% gain last week, as investors assessed U.S. Federal Reserve officials' warning of further interest rate hikes ahead of a consumer inflation gauge due later this week.FUNDAMENTALS * Spot gold was mostly unchanged at $1,924.54 per ounce by 0051 GMT, while U.S.

Day trading guide for today: Following weak global market sentiments, Indian stock market ended lower for fourth day in a row on Friday last week. Nifty 50 index finished 68 down at 19,674 levels, BSE Sensex corrected 221 points and ended at 66,009 mark whereas Bank Nifty index ended 11 points lower at 44,612 levels. In broad market, small-cap index ended with marginal gains while mid-cap stock nudged lower by 0.14 per cent.

State Bank of India: The country's largest lender raised a whopping ₹10,000 crore through an infrastructure bond issue on Friday, with bids exceeding the initial target by over five times. The bonds, which will carry a coupon rate of 7.49%, will be used to fund infrastructure projects and affordable housing. This is the fourth infra bond issue by SBI, underscoring the growing demand for such instruments from investors.

Concord Biotech's strong foothold in the niche segment of manufacturing active pharmaceutical ingredients through fermentation along with its capacity expansion and planned launches are seen underpinning strong earnings growth for the company over the next three to five years, analysts said. They see Concord Biotech's shares gaining 15-30% from the current levels as earnings per share are expected to see a compounded annual growth of about 27% over the next three years. Shares of the Ahmedabad-based biopharma company, which listed a few weeks ago at a more than 20% premium, have notched another 9% gain since then. The shares topped ₹1,000 in intraday trade on Friday, before closing nearly 2% higher on the NSE at ₹983.40. «Founded by a technocrat, Concord's focus lies on niche, high-value molecules across immunosuppressants, anti-infectives and oncology, wherein complex fermentation processes and difficulties in scaling up are key entry barriers,» said Kotak Institutional Equities. Pegging the company as «the fermentation expert», the brokerage has an 'add' rating for its shares for a target price of ₹ 1,110. While Concord is trading at a premium valuation compared with most of its listed peers, it also has superior profitability, and this is seen improving further.

KRIBHCO) is investing around Rs 1,100 crore to set up three ethanol manufacturing plants using maize and broken rice as feedstock. These three plants are being set up in Gujarat, Telangana and Andhra Pradesh with a capacity of 250 kilo litre per day. «We are setting up three bio ethanol plants as part of our diversification plan,» KRIBHCO's Chairman Chandra Pal Singh said. Rajan Chowdhry, Managing Director, KRIBHCO, said these plants are expected to be operational by end of the next year. «We are investing around Rs 1,100 crore on setting up these three plants.

₹1,777 crore (around $213 million), Rahul Khanna, co-founder and managing partner, Trifecta, said The third fund was oversubscribed, surpassing its initial target of ₹1,500 crore. Investors include large global financial institutions, domestic conglomerates, banks, insurers, development financial institutions, public sector entities, and family offices, he added. The firm has now doubled its count of offshore investors, both individuals and institutions, compared to the Trifecta Venture Debt Fund-II.

India has not only been closely monitoring Canada-based Sikh terror groups and their operatives, but also keeping a close watch on the role of NDP leader Jagmeet Singh (coalition partner in the Trudeau government) in encouraging extremist views. Jagmeet Singh has been alleged to influence Trudeau's pro-Khalistan politics and the Trudeau-Jagmeet alliance has engaged in vote bank politics amid the Canadian PM's rising unpopularity. India had engaged with certain countries, including Russia, on Jagmeet Singh's pro-extremist ideologies. Russia has banned Jagmeet's entry into its territory based on inputs provided by New Delhi, ET has learnt.

Exciting news! Mint is now on WhatsApp Channels :rocket: Subscribe today by clicking the link and stay updated with the latest financial insights! Click here Following this, skipper KL Rahil (52 off 38 balls) and Ishan Kishan (31 off 18 balls) maintained the momentum. But it was SKY (72 not out off 37 balls) who gave all the adrenaline rush to his fans. In the last 10 overs, India yielded 103 runs, which led it to their highest-ever total against Australia in ODIs.

Canadian authorities have not stopped issuing visas to Indian nationals looking to enter the north American country. This comes even though India's foreign ministry has suspended issuing visa to any Canadian citizen, irrespective of their domicile. India and Canada have found themselves at diplomatic logger heads, as Canada's Prime Minister Justin Trudeau levied ‘credible allegations’ that Indian government and India's intelligentsia was involved in the killing of Khalistani terrorist Hardeep Singh Nijjar in British Columbia's Surrey in June, 2023.

social media marketers is growing in today’s highly digital landscape as big and small businesses invest in building their social media presence. These marketers leverage social media to help businesses achieve their marketing goals, reach the right audience, strengthen brand awareness and increase sales. But in a world where anyone can create and manage accounts, how can an individual build credibility and stand out in the market? Navdeep Sharma, Co-founder of ReelStar, a social media platform enabling users to monetise their content, says individuals must consider implementing various strategies such as defining a brand, maintaining quality of the content and ensuring consistency to gain credibility and stand out in the competitive social media market.

BSP MP Danish Ali on Sunday alleged that after his «verbal lynching» in Lok Sabha a narrative was being set for «lynching» him outside the House as he hit back at BJP leader Nishikant Dubey for accusing him of making unsavoury remarks aimed at instigating the ruling party MP Ramesh Bidhuri. Bidhuri's derogatory remarks targeting Bahujan Samaj Party (BSP) member Ali during a discussion on the success of Chandrayaan-3 in the Lok Sabha on Thursday triggered a furore, with opposition leaders calling for stringent action against the BJP MP. Dubey had on Saturday written to Lok Sabha Speaker Om Birla urging him to also probe the «unsavoury» conduct and remarks of Ali. In the letter to Birla, Dubey accused Ali of offering a «running commentary» during Bidhuri's speech in Lok Sabha on Thursday and making «unsavoury remarks aimed at instigating him to lose his composure. Reacting to Dubey's allegations, Ali said, „I have seen Nishikant Dubey's letter.

With all eyes fixated on the recent stock market decline in the aftermath of the Federal Reserve's indication that it will keep interest rates higher for longer, there's another facet of the financial landscape certainly worth investors' consideration.

Quincy Krosby, Financial Chief Global strategist, discusses consumer spending, the labor market and inflation data.

By John Kallelil

BJP MP Ramesh Bhiduri in the Lok Sabha against Bahujan Samaj Party MP Danish Ali, Congress leader Deepener Hooda on Sunday said that it was «unfortunate» to see the use of such language inside the Parliament. Addressing a rally in Haryana's Jhajjar district, Deepender Singh Hooda said, «It is unfortunate that such language was used inside the Parliament. It is condemnable.» Further targeting the CM Manohar Lal Khattar-led state government, Hooda said the people of Haryana are now looking towards Congress with hopeful eyes because the Bharatiya Janata Party-led government in Haryana has made the state corrupt and unemployed. «The people of Haryana are very unhappy with the BJP government.

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