Target Financial News
24.07 / 07:23
24.07 / 07:15
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Multibagger stock zooms over 14%, hits 52-week high. Here's why
SJVN zoomed over 14% to hit a new 52-week high of Rs 57.2 in Monday's trade on BSE after the firm bagged a contract from Punjab State Power Corporation (PSPCL) for the development and procurement of 1,200 MW of solar power entailing an investment of Rs 7,000 crore. «SJVN Green Energy Limited has received the Letter of Intent (LoI) from Punjab State Power Corporation Limited (PSPCL) for procurement of 1200 MW Solar Power. SGEL will develop a 1000 MW project anywhere in the country and balance 200 MW in the state of Punjab as per the RFS provisions,» the company said in an exchange filing.
24.07 / 06:19
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Kmart, Target to create a $10b dual-brand discount retail giant
Wesfarmers’ Target is being folded into its discount stablemate Kmart, creating a singular $10 billion business with the aim of boosting returns as value offerings become more desirable to shoppers battling the rising cost of living.
24.07 / 06:19
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Dividend stock: Adani Ports share price to trade 250% ex-dividend this week
Adani Ports and Special Economic Zone (APSEZ), the largest private port operator in the country, will be under investors’ radar as the stock is set to turn ex-dividend this week. Adani Ports shares will trade ex-dividend for a dividend of 250% for FY23 on Friday, July 28, 2023.
24.07 / 05:57
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Vedanta shares fall 3% on weak Q1 results. Should you buy or sell?
Vedanta fell 3% to Rs 271 in Monday's trade on BSE after the company reported a consolidated net profit of Rs 2,640 crore for the quarter ended June, down about 40% from Rs 4,421 crore reported in the same quarter last year. Its revenue from operations fell 13% to Rs 33,342 crore for the first quarter as against Rs 38,251 crore. The fall in revenue was mainly due to a steep reduction in output commodity prices, partially offset by favourable movement in the exchange rate.
24.07 / 05:57
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Chart Check: Market near record highs, but this travel stocks is down nearly 20% from highs; likely to stay weak
IRCTC, part of the travel and tour industry, is looking weak on charts and chart structure suggests that the stock is likely to remain under pressure. Short to medium-term traders can look to sell the stock for a target below Rs 500 in the next 6 months, suggest experts. The stock closed at Rs 623 on 21st July 2023.
24.07 / 05:49
24.07 / 05:23
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Paytm share price gains as Q1 net loss narrows; brokerages raise target
₹apiece on the BSE. One 97 Communications, the parent company of Paytm, narrowed its consolidated net loss to ₹357 crore in the April-June 2024 period from ₹644 crore in the corresponding period last year. However, the company’s net loss has widened when compared to a loss of ₹168 crore reported in the March quarter. Paytm’s revenue from operations during Q1FY24 rose 39.4% to ₹2,341 crore from ₹1,679 crore in the year-ago period.
24.07 / 05:23
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ICICI Bank share price hits 52-week high after Q1 results; this is why experts feel it is still a buy
ICICI Bank share price climbed over a per cent to hit its fresh 52-week high of ₹1,008 in morning trade on BSE on Monday (July 24) as most brokerage firms retained their positive views on the stock after its June quarter (Q1FY24) results. On Saturday, ICICI Bank reported a 39.7 per cent year-on-year (YoY) rise in its standalone net profit for Q1FY24 at ₹9,648 crore compared to ₹6,905 crore in the corresponding period last year. Its net interest income (NII) -or the difference between interest earned and interest paid, increased 38 per cent year-on-year to ₹18,227 crore in the first quarter of the current fiscal from ₹13,210 crore in the corresponding quarter last year.
24.07 / 05:01
Provident
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Bargain buying opportunity in HCL Tech shares after last week’s dip: Anand James
NEW DELHI: The deep cut in the last few days appears to have found bargain buying in HCL Tech, providing a window for upside reversal, says Anand James, Chief Market Strategist at Geojit Financial Services. “But, should it fail to float above Rs 1135, a new leg of downsides could unfold,” he said, adding that Infosys may continue to face pressure. Edited excerpts:Nifty bulls got fever at 20,000-mark. Do the charts indicate that the milestone is likely to be hit this week if IT stocks do not play spoilsport?Our favoured end point for last week’s move was 19850-950, and though there was a brief penetration above the upper range, momentum failed to sustain.
24.07 / 05:01
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Gold Prices
Gold Rate Today: Gold prices fall on firm dollar. Check price of yellow metal in Delhi, Ahmedabad, and other Indian cities
The August gold futures were trading in the red at Rs 59,220 per 10 grams on the MCX when markets opened, down Rs 89 or 0.15% from Friday's closing price. Meanwhile, September Silver futures were trading at Rs 74,722, lower by Rs 248 or 0.33%. Gold and silver futures ended in the red in the previous session.
24.07 / 04:41
UPS
Target
Hot Stocks: Brokerage view on Vedanta, Kotak Mahindra Bank, JSW Steel and ICICI Bank
Vedanta and a buy rating on Kotak Mahindra Bank post its June quarter results. CLSA maintained a sell rating on JSW Steel and a buy rating on ICICI Bank post results.We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Investec on Vedanta: Sell | Target Rs 180 Investec maintained a sell rating on Vedanta with a target price of Rs 180. Q1 EBITDA numbers were below estimates and the debt continues to swell.
24.07 / 04:41
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Buy Larsen & Toubro, target price Rs 2700: Motilal Oswal Financial Services
Larsen & Toubro, incorporated in the year 1946, is a Large Cap company (having a market cap of Rs 363516.25 Crore) operating in Construction sector. Larsen & Toubro key Products/Revenue Segments include Income From Construction Work, Income from Manufacturing and Trading Activities, Other Services, Other Operating Revenue, Property Development, Service (Engineering), Commission and Lease Rentals 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 59076.06 Crore, up 25.31 % from last quarter Total Income of Rs 47144.75 Crore and up 10.70 % from last year same quarter Total Income of Rs 53366.26 Crore.
24.07 / 04:41
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services
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Buy Ashok Leyland, target price Rs 192: Motilal Oswal Financial Services
Ashok Leyland, incorporated in the year 1948, is a Large Cap company (having a market cap of Rs 54523.88 Crore) operating in Auto sector. Ashok Leyland key Products/Revenue Segments include Commercial Vehicles, Spare Parts & Others, Sale of services, Engine & Gensets, Ferrous Castings, Scrap, Export Incentives, Other Operating Revenue for the year ending 31-Mar-2022.Financials For the quarter ended 30-06-2023, the company has reported a Consolidated Total Income of Rs 9735.45 Crore, down -26.43 % from last quarter Total Income of Rs 13233.16 Crore and up 34.31 % from last year same quarter Total Income of Rs 7248.49 Crore.
24.07 / 04:25
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FII, DII data: FPIs sold shares worth Rs 1998 cr, DIIs bought shares worth Rs 1290 cr on July 21, Friday
Foreign institutional investors (FIIs) sold shares worth a net of Rs 1,998.77 crore, while domestic institutional investors (DIIs) bought shares worth a net of Rs 1,290.73 crore on 21 July, according to the provisional data available on the NSE.
24.07 / 04:25
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blues
Inventor of Blue Jeans channels a new water-saving idea
Levi Strauss & Co. has been forced to address water scarcity more aggressively than most, thanks to the great thirst of the jeans-making process. In the journey from cotton field to factory to closet, a single pair of jeans has been known to consume up to 3,800 litres of water.
24.07 / 04:23
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Kotak Mahindra Bank share price falls over 2% after Q1 result; Should you buy, hold or sell the stock?
₹1,914.30 apiece on the BSE. The private lender Kotak Mahindra Bank reported a net profit of ₹3,452 crore in Q1FY24, up 67% from ₹2,071 crore in Q1FY23. On a consolidated basis, the bank’s net profit rose 50.62% YoY to ₹4,150.19 crore Net Interest Income (NII) during the April-June quarter increased to ₹6,234 crore from ₹4,697 crore in Q1FY23, up 33% YoY. Net Interest Margin (NIM) was 5.57% for Q1FY24.
24.07 / 04:13
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Stellantis
Stellantis, Samsung SDI set plan to build second US battery plant
(Reuters) — French-Italian automaker Stellantis and South Korean battery maker Samsung (KS:005930) SDI on Monday said they plan to open a second joint-venture plant in the U.S. to build electric vehicle batteries, with a target to start production in 2027.
24.07 / 04:07
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Reliance Q1 Results: Share price falls 2%; here's what top domestic and global brokerages say
Reliance Industries (RIL) have disappointed the Street as RIL's share price dipped over 2 per cent in early deals on Monday (July 24). On Friday, RIL reported its Q1FY24 scorecard which showed its consolidated revenue and profit declined during the quarter because of the weak show of O2C (oil-to-chemical) business. Reliance Industries reported a net profit of ₹16,011 crore, down 10.8 per cent, compared to ₹17,955 crore in the corresponding period last year.
24.07 / 03:47
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Reuters
Remark
Japan govt sees inflation slowing next year, calls for BOJ coordination
By Leika Kihara and Tetsushi Kajimoto
24.07 / 03:27
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Aware
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electronic
Income Tax Day 2023: Finance Minister Nirmala Sitharaman to lead the celebrations of the day on July 24
Nirmala Sitharaman will join the celebration at Plenary Hall, Vigyan Bhawan, New Delhi on Monday. The programme will begin at 6:00 pm today.
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