Page 26 - Stock Market Today

Bajaj Finance stock: Seizing opportunity amid market correction

Their average one-year target price is Rs 8,762.3, indicating a potential upside of over 30 per cent from Thursday's closing of Rs 6,673.95

Novelis IPO in US SEC: A potential booster for base metals major Hindalco

The monetisation proceeds could be used to fund ongoing capex for Novelis' Bay Minette facility

NMDC poised for gains from demand triggers and capacity expansion

The reported net profit was Rs 1,490 crore and adjusted for extraordinary items of Rs 252 crore, it was Rs 1,740 crore, higher by 96 per cent y-o-y and 69.8 per cent sequentially

Sona BLW shifts gear with order boost from electric vehicle space

Firm's efforts to broaden portfolio, scale-up, and diversify customer base will lead to strong earnings growth: Analysts

Domestic growth to power near-term performance of Cummins India

Powergen revenues spurted 51 per cent on the back of a 20 per cent volume growth

Mcap of BSE-listed firms hits peak at Rs 3.9 trn, investors add Rs 2.2 trn

The 30-share BSE Sensex benchmark climbed 281.52 points or 0.39 per cent to close at 72,708.16, while NSE Nifty ended at its all-time high of 22,122.25 points

Shifting paradigms: Retail shuffle meets FPI market drive, shows data

Retail investors churn, while FPI adjustments drive notable market shifts

Valuation adrift: Uncharted course of low-float PSU rally, shows data

10 PSUs, with public shareholdings below 14%, ride the current, rallying 76% to 4.5 times

Reserving success: Hotel stocks thrive as demand checks in for long stay

Ride the wave of Q3FY24 strength, fuelled by rising average room rates and enhanced occupancy

Improved cost ratios to boost State Bank of India's profitability

The bank has also made efforts to significantly strengthen its balance sheet and has a healthy provisioning coverage on its corporate book at 92 per cent

Entero Healthcare Solutions shares slip 9% on stock market debut

Entero's weak listing follows a lukewarm response to its Rs 1,600-crore IPO. The maiden share sale had garnered just 1.5 times subscription

CV growth worries, sustainable margin gains key concerns for Bosch

While localisation efforts and margin improvement are medium-term positives, the immediate trigger is the healthy Q3 show

Strong auto business likely to offset tractor slowdown for M&M stock

The auto business is expected to be the growth driver for the next two years due to a healthy order backlog and new launches

Earnings downgrade a bitter pill for pharma major Divi's Labs stock

Weak quarterly results make brokerages turn bearish on the stock

Analysts hopeful for Hindalco despite Novelis' capex revised upwards

Analysts maintained consensus 'buy' rating on Hindalco though the stock lost over 12 per cent post Q3 on Tuesday, mainly due to the sharp increase in Novelis' capex, and ended flat on Wednesday

Growth worries may keep Bharat Forge under pressure; earning estimate cut

Brokerages have cut their earnings estimates by up to 11 per cent, given the slowdown in multiple segments

NSE to hold special trading session on Mar 2 to check market infrastructure

NSE special session: The NSE said that the purpose of the special session is to assess the preparedness of market infrastructure institutions to handle any unforeseen event impacting operations

Strong performance in Q3 adds fuel to Coal India Limited's stock

The e-auction ASP declined 34 per cent Y-o-Y to Rs 3,321 per tonne, which was at a premium of 117 per cent over FSA

Market regulator Sebi rejects NSE's settlement plea in co-location matter

The market regulator refunded Rs 300 crore to the exchange following the directions by the Supreme Court in the same case

Tata Power stock likely to remain subdued in near-term; here's why

The company is focussed on tapping the market for high-margin captive renewables opportunities, exploring brownfield pumped hydro storage, and expanding the transmission business beyond distribution