Category: Stock

Arguing that powering artificial intelligence (AI) remains the most underappreciated vertical at Reliance Industries (RIL), Morgan Stanley believes it is rapidly emerging as the next major value driver for Mukesh Ambani’s conglomerate, with the potential to reshape the stock’s equity story over the next decade. In a fresh note, Morgan Stanley analysts, including Mayank Maheshwari, […]

Shares of IDBI Bank slipped as much as 4% to an intraday low of Rs 103 amid developments around the planned strategic sale of the state-owned lender. The disinvestment process has attracted bids from Indian-Canadian investor Prema Watsa’s Fairfax Financial and Emirates NBD. The government of India and Life Insurance Corporation of India (LIC), which […]

Shares of India’s largest lender, State Bank of India (SBI), rocketed 7% to the day’s high of Rs 1,136.85 on BSE Monday as Wall Street heavyweights and domestic brokerages raced to raise price targets to as high as Rs 1,300, a potential 14% upside, after the PSU bank delivered a blistering 25% profit growth that […]

Shares of retailer Kalyan Jewellers India hit the 10% upper circuit limit on BSE, surging to Rs 417.75, as the jewellery retailer’s blockbuster third-quarter earnings triggered a wave of bullish brokerage calls with price targets as high as Rs 750, a potential 80% upside from current levels. The stock locked into the circuit after the […]

Shares of Power Finance Corporation (PFC) and REC remained in focus during Monday’s trading session after PFC’s board approved an in-principle merger with REC. The move advances the Union Budget proposal aimed at restructuring two of the country’s largest public sector non-banking financial companies (NBFCs) in the power financing space. PFC already holds a 52.63% […]

Shares of Anand Rathi Share and Stock Brokers Limited (ARSSBL) are likely to remain in focus on Monday, February 9, after the company disclosed a fraud involving off-market transfer of shares amounting to approximately Rs 13 crore from a client’s demat account. In an exchange filing, the company said that its Internal Inquiry Committee, on […]

Asian stocks rose at the open as investors took cues from a Wall Street rally on Friday, following a volatile week driven by concerns over valuations in technology stocks. The Nikkei 225 Index surged as much as 5.7% to a record as a historic election victory by Prime Minister Sanae Takaichi buoyed markets. The Kospi […]

Mumbai: The Reserve Bank of India‘s December rate cut was perhaps the last in the recent easing cycle, with economists expecting a pause, citing a slight uptick in inflationary pressures amid elevated commodity prices and a weaker rupee, and improving growth prospects. Eleven of 14 economists polled by ET expect no further reduction in the […]

Financial markets inevitably mirror the societies that create them, and this becomes especially clear when one compares the United States and India, two large and dynamic economies that sit at very different ends of the spectrum when it comes to speculation. The American financial system is structurally designed to accommodate, and often actively encourage, speculative […]

The combined market valuation of eight of the top 10 valued firms jumped by a whopping Rs 4.55 lakh crore last week, with Reliance Industries emerging as the biggest winner, in line with a remarkable rally in equities. Last week, the BSE benchmark surged by 2,857.46 points or 3.53 per cent. From the top-10 pack, […]