UPS Financial News

NASA and Boeing are targeting June 1 for the company's first crewed launch of its Starliner spacecraft as engineers investigate the cause of a helium leak and examine how it could affect crucial parts of the mission, the agency said Wednesday. The helium leak on Starliner's propulsion system has held up the spacecraft's first mission to space carrying humans, initially planned for May 7 but successively delayed as NASA and Boeing attempt to fix the issue and run new tests on the spacecraft.

stocks are under the Future & Options (F&O) trade ban on Thursday, viz. Aditya Birla Capital, Balrampur Chini Mills, Bandhan Bank, Biocon, Hindustan Copper, Vodafone Idea, IEX, Indian Cements, Metropolis Healthcare, National Aluminium, Piramal Enterprises, Punjab National Bank, and Zee Entertainment Enterprises. The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits (MWPL). The ban on it is reversed only if the open interest falls below 80%.

Devadas Shenoy, a 32-year-old professional working in Abu Dhabi, is keen on building a substantial corpus for his retirement. With a forward-thinking approach, Devadas seeks expert guidance on crafting a Systematic Investment Plan (SIP) that will secure his financial future. He invests close to Rs 12,000 every month and intends to increase the SIP by 10% every year.

Eris Lifesciences with a target price of Rs 1100. The current market price of Eris Lifesciences Ltd. is Rs 901.6. Eris Lifesciences Ltd., incorporated in the year 2007, is a Mid Cap company (having a market cap of Rs 12347.29 Crore) operating in Pharmaceuticals sector.

Sun Pharmaceutical Industries with a target price of Rs 1710. The current market price of Sun Pharmaceutical Industries is Rs 1540.3. Sun Pharmaceutical Industries Ltd., incorporated in the year 1993, is a Large Cap company (having a market cap of Rs 369329.63 Crore) operating in Pharmaceuticals sector.

IRB Infrastructure Developers with a target price of Rs 86. The current market price of IRB Infrastructure Developers Ltd. is Rs 73.37. IRB Infrastructure Developers Ltd., incorporated in the year 1998, is a Mid Cap company (having a market cap of Rs 44326.26 Crore) operating in Infrastructure sector.

Sudarshan Chemical Industries with a target price of Rs 973. The current market price of Sudarshan Chemical Industries Ltd. is Rs 840.35. Sudarshan Chemical Industries Ltd., incorporated in the year 1951, is a Mid Cap company (having a market cap of Rs 5751.40 Crore) operating in Chemicals sector.

Navneet Education with a target price of Rs 182. The current market price of Navneet Education Ltd. is Rs 166.3. Navneet Education Ltd., incorporated in the year 1984, is a Small Cap company (having a market cap of Rs 3608.10 Crore) operating in Paper sector.

Gurmeet Chadha, Managing Partner & CIO, Complete Circle Consultants, says None of the FMCG names are less than 50-60 times. So, if they fail to deliver on double-digit volume growth and margin expansion, one has to be a little careful because a lot of the profit growth has come from realisations and not as much as from volume. So, one has to be a little selective. We are more keen on adding the likes of ITC, Tata Consumer in the portfolio in that space. The commentary from most of the management has been pointing to a rural recovery, but would you buy the argument and buy afresh in these FMCG names? Gurmeet Chadha: It is a combination of commentary being good and elections also playing a role especially as the rural spending picks up. It is a bit of a form of mini-stimulus. In fact, there is a very interesting report which talks of that there is actually some bit of labour shortage in industrial states like Maharashtra, Gujarat, Tamil Nadu as people go back to rural areas during election time and there is election-related spending which actually leads to some bit of reflection in the rural sales as well, reflecting in FMCG numbers as well.

quarterly earnings for the January-March 2024 period on Thursday, with some important names like ITC, IndiGo, Honasa, and Tata Investment in the mix. Other companies which will also announce their earnings include Bikaji Foods, Cello World, Concord Biotech, Fortis Healthcare, Icra, Uno Minda, Zaggle Prepaid and many more.

Chinese military drills in the straits of Taiwan in 2023 practiced manoeuvres key to an invasion of the island, although an actual attack was not imminent or inevitable, a senior US general in the region said on Thursday. In the exercises, the People's Liberation Army simulated a maritime and air blockade of Taiwan, amphibious assaults and counter-intervention operations, Deputy Commander of U.S. Indo-Pacific Command, Lieutenant General Stephen Sklenka, said in a speech in Canberra. Sklenka's comments come as Taiwan's military mobilised its forces on Thursday after China started two days of «punishment» drills around Taiwan in what it said was a response to «separatist acts».

Jane Street Group, many trading firms are employing a relatively simple strategy: short volatility. The trade, or variations of it, revolves around a bet that Indian stock indices will move within relatively small ranges, according to five participants familiar with the strategy, who asked not to be identified discussing private information. Significant amounts of capital are deployed to scale the derivatives bets in the world’s largest market by number of options contracts traded, the people said.

Virat Kohli dislodges bails after RCB's exit from IPL 2024 season; Netizens call it ‘heartbreaking’Du Plessis also said that while 180 was a par score on the "very slow" Narendra Modi Stadium pitch, the presence of dew in the second innings and the impact player rule meant that RCB ended up at least 20 runs short.He said, "With the dew coming, we felt we were short with the bat. Did think we were 20 runs shy of what was a good score.

Lai Ching-te took over as the island’s new president.The drills on Thursday were intended to “serve as a strong punishment for the separatist acts of ‘Taiwan independence’ forces and a stern warning against the interference and provocation by external forces," the official Xinhua News Agency reported, citing a military spokesman.The “external references" line is likely a reference to the US, which is Taiwan’s main military backer. President Joe Biden has repeatedly said the US would defend the democracy of 23 million people if attacked, while China has pledged to bring Taiwan under its control, by force if necessary.The exercises ramp up pressure on Lai, who took office in the island that makes the bulk of the world’s most advanced chips on Monday.

Current valuation discounts in large private banks seem to be completely oblivious to the positive surprises and improved earnings momentum outlook, says Santanu Chakrabarti, Analyst – Banking and Finance at BNP Paribas. “This dichotomy appears incongruous as we also note best-in-decades balance-sheet hygiene, ample loan growth and materially higher operating costs already baked into the financials,” he says. HDFC Bank is the top pick of the brokerage within the banking space with a target price of Rs 2,470. Edited excerpts from a chat: What are your key takeaways from the overall earnings season as far as the financial services sector is concerned? How has the outlook changed now for FY25? Santanu Chakrabarti: The only headline negative surprise in 4QFY24, among our largecap banking coverage, was HDFC Bank.

Deepak Nitrite with a target price of Rs 228. The current market price of Deepak Nitrite Ltd. is Rs 2466.1. Deepak Nitrite Ltd., incorporated in the year 1970, is a Mid Cap company (having a market cap of Rs 33600.43 Crore) operating in Chemicals sector.

Andrew Holland, CEO, Avendus Capital Public Markets Alternate Strategies LLP, says he does not think there is anything wrong with the results season so far. The bank stocks have been victims of FII selling who have been using the banking sector as a very liquid and large overweight or overweight to neutral stance which they had to fund some of their moves into China. Once the bank sector starts to move, there is going to be a lot of short covering and there is a lot of buying to make up for some of the positions which have been lessened over the last month-and-a-half particularly by foreign investors. Do you think the quietness in the markets is a pre-election event? Andrew Holland: We seem to be in this range, which everyone has been talking about. But interestingly, I have noticed some of the defence stocks are starting to move and construction companies as well. There is a feeling that, once the elections are through, we are going to see a whole bunch of ordering over the three months afterwards, whether it is for defence contracts or construction contracts.

Lupin, and Reliance Industries, while Patel Engineering is recommended as a buy at CMP 65 for an intermonth momentum play."--Prashanth Tapse, Senior VP (Research), Mehta Equities LtdSensex Today Live : L&T Technology Services announced the inauguration of the Simulation Centre of Excellence for Airbus, strategically located at the LTTS stateof-the-art campus in Bangalore. This Centre of Excellence is designed to bolster engineering support for Airbus aircraft structural simulation activities across its diverse business units in Europe spanning France, Germany, the UK, and Spain.The Simulation CoE aims to unify and standardize processes across all Airbus European business units and aircraft programs.

With its base layer tokens and meme coins outpacing Ethereum ($ETH) so far for the year, Solana ($SOL) has been doing great. That could mean the younger Ethereum rival will outperform for all of 2024, but it may be Ethereum memes next as the cycle turns and the pendulum swings back to the leading DeFi blockchain.

Grasim Industries: The company reported a 15.5% YoY rise in its Q4FY24 consolidated net profit at ₹2,721.81 crore, up from ₹2,355.67 crore in Q4FY23. The company’s revenue from operations also saw a 13% increase to ₹37,727.1 crore. The company’s EBITDA for Q4FY24 stood at ₹6,196 crore, marking a 27% growth YoY.

monetary easing amid sticky inflation. MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.57%. Australia's S&P/ASX 200 index was one of the biggest decliners, slumping 0.8%, also hurt by a pullback in some commodity prices.