Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Nuvama initiates Buy call on Vedanta Aluminium shares, expects profitability to exceed historical average. Here's why
Nuvama Institutional Equities and Motilal Oswal Financial Services have initiated coverage on Vedanta Aluminium with 'Buy' ratings and target prices of Rs 540, citing strong earnings growth, cost reduction initiatives, firm aluminium prices and robust cash flow generation as key drivers.
AMFI rejig: Vedanta's new stocks in focus; check potential entrants, exits
According to Nuvama Alternative & Quantitative Research, based on current market caps, Vedanta Aluminium (₹184,222 Cr) will be classified as the large cap.
Vishal Mega Mart among 7 F&O stocks with a sharp rise in futures open interest
Nine NSE F&O stocks witnessed a sharp rise in futures open interest on June 16, led by Radico Khaitan and Nuvama Wealth, signaling increased trader participation and fresh position building.
Nuvama Wealth among 5 F&O stocks with a sharp rise in futures open interest
Five NSE F&O stocks recorded over 6% growth in futures open interest on June 12, indicating rising trader participation and fresh positioning. Nuvama Wealth, Radico Khaitan and Hindalco led the increase.
Vedanta Aluminium shares list on the bourses at ₹522 per share, higher than street expectations
According to Kotak Institutional Equities, the stock could list at a price of ₹475, while Nuvama is projecting a listing price of ₹477.
Stable crude, strong metal demand and El Nino plays drive opportunities: Motilal Oswal's Khemka
Siddhartha Khemka, Head of Research-Wealth Management at Motilal Oswal Financial Services, says easing geopolitical tensions could keep crude oil prices stable, supporting oil marketing companies. He remains positive on GNG Electronics due to strong growth prospects in refurbished electronics and prefers Hindalco among aluminium stocks, citing a multi-year demand cycle. Khemka also sees long-term value in Manappuram Finance and believes Voltas and Varun Beverages could benefit from a potential El Niño-led heatwave.
NMDC shares rise to 52-week high after production update, dividing analyst views
Brokerage firm Nuvama has raised NMDC's EBITDA estimates for FY27 and FY28 by 13% and 16%, respectively, in order to factor in higher volumes and iron ore prices.
Hindalco shares decline 2% as Q4 profit falls 51%. Here’s what Nuvama and other brokerages said
Hindalco Industries' shares dipped after reporting a 51% YoY decline in net profit to Rs 2,597 crore for the March quarter, despite a 20% rise in consolidated revenue to Rs 78,133 crore. The company recommended a final dividend of Rs 5 per share. Analysts remain cautiously optimistic, with some raising target prices.
Sensex reshuffle announcement on Friday: Trent may give way to Hindalco or Shriram Finance
BSE is set to announce its semi-annual Sensex reshuffle on Friday. Nuvama Alternative & Quantitative Research predicts Trent's exit due to a slide in free-float market capitalization. Hindalco Industries or Shriram Finance are the likely replacements, with Hindalco potentially having a higher chance of inclusion.
Shriram Finance or Hindalco may enter Sensex in June: Nuvama
Market watchers anticipate significant shifts in the BSE Sensex this June. Hindalco Industries or Shriram Finance are poised for inclusion, potentially attracting substantial passive investment. Conversely, Trent is expected to be excluded due to a dip in its free-float market capitalization. Nuvama predicts the announcement on May 22, with changes effective June 19.
JSW Steel and Radico Khaitan top Motilal Oswal's buy list after strong earnings
Siddhartha Khemka, Head of Research, Wealth Management at Motilal Oswal Financial Services, recommends Radico Khaitan (target ₹4,000) and JSW Steel (target ₹1,520) on strong earnings. He backs Adani Ports and Adani Power on volume growth and power demand. On OMCs, he sees limited downside post the ₹3 hike with HPCL as an interesting pick, while gold jewellery stocks may stay under near-term pressure.
Vedanta, Nuvama & SAIL Rally After Being Flagged by AI Strategy - Investing.com India
Vedanta, Nuvama & SAIL Rally After Being Flagged by AI StrategyInvesting.com India