Target Financial News

25.07 / 07:37

UPS Target Tata Steel shares rise 3% after Q1 results. What should investors do?

Tata Steel rose 3% to Rs 118.7 in Tuesday's trade on BSE despite the company's consolidated net profit dropping 92% year-on-year (YoY) to Rs 634 crore for the quarter ended June 2023. The company had reported a profit of Rs 7,765 crore in the year-ago period. Its revenue from operations fell 6% to Rs 59,490 crore in the first quarter, compared with Rs 63,430 crore in the same quarter of last year.

25.07 / 07:35

Target COMPOSITE country Chinese property stocks rally on stimulus promises

Investing.com — Chinese property stocks rebounded sharply from recent losses on Tuesday, aided chiefly by promises of more economic support for the ailing sector from top policymakers.

25.07 / 07:35

UPS Lowe's Target show Asia FX rises, dollar stumbles as Fed meeting approaches

Investing.com — Most Asian currencies firmed on Tuesday, aided by a mix of dollar weakness and promises of more Chinese stimulus aided sentiment, with focus now turning to an upcoming Federal Reserve meeting.

25.07 / 07:31

COST Lowe's Target FIVE awards Time share price SJVN share price continues its winning streak, hits all-time high on hydro projects order

SJVN share price has risen for the fifth consecutive trading session on Tuesday following several project wins in the last few days. SJVN share price surged 9.8% to touch an all time high in today's session and in the five trading sessions, SJVN shares jumped by 31% moving from ₹45.80 to ₹59.90 (CMP). SJVN share price opened at ₹60 apiece on BSE, and touched intrday high at ₹62.75 and low at ₹59.39. The Arunachal Pradesh government awarded five hydro projects to SJVN, totaling 5097 MW.

25.07 / 06:37

COST Target CEO show Canara Bank confident of managing NIM at around 3%, expects 12-14% credit growth: MD

K Satyanarayana Raju, MD & CEO, Canara Bank, says “for the entire financial year, the bank has given a guidance of 3.05 NIM. Last year, cumulative NIM was 2.92. The current quarter, we were able to show a NIM of 3.05.

25.07 / 06:37

UPS Target Booking CEO show performer Next few quarters are going to be really good for HFCs and NBFCs: Girish Kousgi, PNB Housing Finance

«Quarter one would always be muted after a very good quarter four. I think in any year, quarter four is the best quarter and after that quarter will be muted and again it picks up from quarter two onwards,» says Girish Kousgi, MD & CEO, PNB Housing Finance.Just wanted to begin by understanding what is happening with respect to loan growth because if I have it right, the annual target that you had suggested for the year was a growth of around 17% to 18%. But this quarter, it was a little lower at around 11%. We do understand the seasonality, but would you be confident about that target of 17% to 18% growth?I think if you look at any year, quarter one would be muted both in terms of asset quality as well as growth.

25.07 / 06:37

COST Target show performer TVS Motor shares rise 3% after Q1 results. Should you buy, sell or hold?

Its revenue from operations during the reporting quarter rose 20% year-on-year (YoY) to Rs 7,218 crore. The company posted its highest-ever operating EBITDA at Rs 764 crore, with a growth of 27% for the first quarter. It was Rs 599 crore in the corresponding quarter of the previous year.

25.07 / 06:15

COST Provident Lowe's Target Booking analysts ITC hotels unit stock expected to be valued in ₹15-27 range; here's what analysts have to say on ITC demerger

ITC Hotels' share price to range between ₹15 to ₹27 after demerging its hotel operations into a new firm, named ITC Hotels where it will hold 40% ownership and the remaining 60% will be controlled by shareholders directly. ITC share price was down on Tuesday's trade for the second consecutive session. ITC stock price opened at intraday high of ₹469.95 apiece on BSE.

25.07 / 05:49

COST UPS Target share price Poonawalla Fincorp share price rises over 3% after strong Q1 results

Poonawalla Fincorp share price rose over 3% on Tuesday after the non-banking finance company (NBFC) reported its Q1 results. The stock gained as much as 3.21% to ₹380.05 apiece on the BSE. The Pune-based company posted a 62% rise in net profit at ₹200 crore in the June quarter, as compared to ₹124 crore in the year-ago period.

25.07 / 05:33

UPS Citi Target Booking Yellow show Indian Gold Rate Today: Gold trades range-bound ahead of FOMC. Check price of yellow metal in Delhi, Ahmedabad, and other Indian cities

Federal Reserve’s Federal Open Market Committee (FOMC) which begins later in the day. The bias remained negative as the dollar index (DXY) was trading above the 101 mark and only strengthened in the last session leading to declines in bullion prices. The August gold futures were trading with minor gains at Rs 59,120 per 10 grams on the MCX when markets opened, up Rs 44 or 0.07%.

25.07 / 05:33

UPS Target Booking performer Should you Buy, sell or hold DLF shares post Q1 results?

DLF reported a 12% year-on-year (YoY) jump in its June quarter net profit, Jefferies gave a 'Buy' while CLSA retained an 'Outperform' rating to the stock. Among domestic brokerages, Nuvama has a 'Buy' call while ICICI Securities recommended an 'Add'. Motilal Oswal took a 'Neutral' stance on the Gurgaon-based realtor.

25.07 / 05:25

UPS Target performer share price Tata Steel share price gains over 1% after Q1 results meets estimates; here’s what brokerages have to say

Tata Steel share price recovered from early losses on Tuesday to trade over a percent higher after the company reported Q1 result in-line with analysts’ estimates. Tata Steel shares gained as much as 1.68% to ₹117.20 apiece on the BSE. Tata Steel reported a 92% year-on-year drop in its consolidated net profit for the fiscal first quarter ended June 2023 at ₹525 crore, primarily due to weak performance of its Europe operations.

25.07 / 04:43

UPS Target Manufacturing Japan's export curbs on chip equipment to China take effect

China from creating high-end semiconductors suitable for military applications, Japan's curbs on the export of advanced chip-making equipment went into effect on Sunday, Kyodo news reported. Japan included 23 goods used in chip fabrication that need authorisation for export with the modification of a trade ministry ordinance under the foreign currency law.

25.07 / 04:43

UPS Target Buy Marico, target price Rs 570: Religare Broking

Marico, incorporated in the year 1988, is a Large Cap company (having a market cap of Rs 69689.33 Crore) operating in FMCG sector. Marico key Products/Revenue Segments include Edible Oil, Others, Personal Care, Export Incentives, Scrap for the year ending 31-Mar-2022.Financials For the quarter ended 31-03-2023, the company has reported a Consolidated Total Income of Rs 2308.00 Crore, down -8.05 % from last quarter Total Income of Rs 2510.00 Crore and up 5.63 % from last year same quarter Total Income of Rs 2185.00 Crore.

25.07 / 04:43

UPS Target performer Disappointed with ITC demerger, avoiding metal stocks: Pankaj Pandey

Pankaj Pandey, Head Research, ICICIdirect.com, says the ITC demerger was a bit of a disappointment largely because a vertical split would have been a lot better from an investor perspective. “I do not think we will be raising our target prices because of that bit of a let-down in terms of expectation.”What are you making of the ITC demerger? Are you disappointed by the complicated structure or the fact that the news is finally out and that is something to watch out for?This demerger is a bit of a disappointment largely because a vertical split would have been a lot better from an investor perspective. But from a per share perspective, the hotel business was contributing over Rs 25.

25.07 / 04:43

Twitter Target Platform Tencent Insignia XCOM social elon Elon Musk explains why he’s dumping Twitter name and iconic bird logo

Elon Musk on Monday explained his decision to strip Twitter of its famous blue-bird logo as a move to remake the business into a broad platform for communications and financial transactions, a target he’s described as the everything app. “This is not simply a company renaming itself, but doing the same thing,” Musk said about the apparently spontaneous move over the weekend to crowdsource a logo from fans and adopt it as Twitter’s new insignia.

25.07 / 04:25

Target Digital performer share price TVS Motor share price gains over 2% on robust Q1FY24 numbers; here's what brokerages say

₹1,343.95 apiece on BSE. TVS Motor share price is hovering near its 52-week high level. On Monday, TVS Motor reported an 42.2% year-on-year (YoY) rise in its consolidated net profit for the fiscal's first quarter ended June (Q1FY24) to ₹434.30 crore.

25.07 / 04:25

COST Target Gap Hot Stocks: Brokerages on DLF, Tata Steel, PNB Housing and ITC

DLF to outperform while also maintaining an outperform rating on Tata Steel. Morgan Stanley retained its overweight rating on PNB Housing and Nomura has a buy rating on ITC post the demerger. We have collated a list of recommendations from top brokerage firms from ETNow and other sources:CLSA on DLF: Outperform| Target Rs 547CLSA downgraded DLF to outperform with a target of Rs 547.

25.07 / 04:13

Target Reuters Manufacturing country electronic Vietnam aims to raise annual raw rare earths output to 2 million t/yr by 2030

By Khanh Vu

25.07 / 04:05

Target CEO exclusive Strike pitches to MinRes, Hancock for Talon tilt; angry investors meet

The investor pressure at Talon Energy is reaching fever pitch.

25.07 / 03:23

UPS Target BLOCK Booking Action Big Movers on D-Street: What should investors do with ITC, IndusInd Bank and Aarti Drugs?

Stocks that were in focus include names like ITC, which fell 4.30%, IndusInd Bank, which rose 1.96%, and Aarti Drugs, whose shares surged 18% on Monday.Here's what Vikas Jain, Senior Research Analyst at Reliance Securities, recommends investors should do with these stocks when the market resumes trading today:ITC — Book ProfitsThe stock scaled a new 52-week high near to 500 levels and witnessed sharp profit booking to close 5% lower in yesterday's trade. The much-awaited news flow of demerger is out and a sharp decline post the news has triggered a halt in the up move from current levels.

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