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Maruti Suzuki shares jump 5% after Jefferies upgrades rating to Buy. Here's the latest target price
Maruti Suzuki shares rose nearly 5% after Jefferies upgraded the stock to ‘Buy’ and raised its target price to Rs 16,500, citing strong passenger vehicle demand, easing crude prices and lower metal costs. The brokerage expects steady earnings growth and sees valuations as reasonable after recent underperformance.
Benchmarks erase early losses; Nifty trades above 23,950 mark
The Nifty traded above the 23,950 mark. Metal shares declined after advancing in the past trading session.
Maruti Suzuki Gains After Jefferies Upgrades Stock To 'Buy' With 22% Upside
Jefferies has hiked Maruti's target price to Rs 16,500 citing easing crude and metal price risks.
National Aluminium Company Ltd Falls 2.35%
National Aluminium Company Ltd has lost 20.05% over last one month compared to 8.25% fall in BSE Metal index and 2.98% rise in the SENSEX
Stock to buy today: Geojit recommends Honasa, MSTC, Lloyds SME; here's why
Anand James, chief market strategist at Geojit Investments decodes trading strategy in Honasa, MSTC and Lloyds Metal based on the individual chart patterns.
Gold Holds Drop As US-Iran Tensions Weigh On Inflation Outlook
The metal was little changed near $4,020 an ounce, after falling almost 2% in the previous session.
'Higher-for-longer' aluminium cycle to lift producer stocks
Indian aluminium giants Vedanta Aluminium and Hindalco Industries are poised for significant gains, with analysts predicting around 20% growth over the next 9-12 months. Despite recent price dips, a global supply deficit is expected to bolster metal prices. Investors are advised to capitalize on the current market correction to accumulate shares, anticipating strong performance driven by cost improvements, volume expansion, and stabilizing international operations.
Sebi panel weighs proposal to open physically settled commodity trades to FPIs
The proposal seeks to address a long-standing tax hurdle that has kept FPIs out of bullion and base metal derivatives, where contracts are compulsorily deliverable on expiry.
JioBlackRock enters SIF, launches its first regular-plan product
JioBlackRock enters the SIF segment with a hybrid long-short fund, while ICICI Prudential MF launches a multi-asset active FoF for diversified investing
Top Gainers & Losers on June 29: Persistent Systems, Netweb Tech, Astral, MRF, Berger Paints, OLA among top losers
Indian equities continued their decline on June 29, with the Nifty 50 dropping 0.46% and the BSE Sensex falling 0.44% amid renewed Middle East tensions. While pharmaceutical and metal stocks gained, auto and technology shares suffered notable losses, reflecting mixed sectoral performance.
Nifty indices rejig goes live today: Which stocks will see biggest inflows and outflows?
The NSE’s quarterly index rebalancing takes effect today, triggering significant passive fund flows across Indian equities due to changes in free-float weights. While the Nifty 50 sees limited adjustments, broader strategic indices are witnessing sharper reshuffling.
Passive investing explosion: DSP’s Anil Ghelani predicts ETFs, index funds will command 30% of mutual fund industry
Passive investing is gaining rapid traction in India, with DSP’s Anil Ghelani projecting ETFs and index funds to grow from 17% to 30% of mutual fund assets within five years. The shift reflects changing investor behaviour, with passive strategies forming core portfolios and active funds playing a selective, high-alpha role.