Category: Market
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Cement stocks rally after Nomura upgrades on hopes of strong volume growth
Nomura highlighted strong volume growth and reduced fuel costs in FY24. Cement stocks soared on December 27 following an upgrade by Nomura on anticipated robust growth in sales volume, improved pricing discipline, and advancement of valuations to FY26. The brokerage house upgraded Ultratech Cement, Dalmia Bharat, and Ramco Cement from ‘neutral’ to ‘buy’. Their one-year forward…
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India aims at $1 billion fresh banana exports in next 5 years
India aims at $1 billion fresh banana exports in next 5 years With successfully exporting a trial shipment of fresh bananas to the Netherlands through sea route, India is now aiming to increase exports of this fruit to USD one billion in the next five years, an official said. At present, exports of most of…
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Electro Force India shares trade 7% higher on debut
The Rs 80.68 crore IPO opened for subscription on December 19 and closed on December 21. Shares of Electro Force India Ltd posted 7 percent listing gains on NSE SME Emerge on December 27 after its public issue was subscribed over 4.3 times last week. The stock opened at Rs 100 a share against an issue…
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Strong holiday spending online and in stores is welcome news for 3 of our stocks
Holiday spending held up this year, despite all the economic uncertainty and high inflation. It’s welcome news for a few of our stocks. New data released Tuesday shows U.S. retail sales increased 3.1% year over year from Nov. 1 through Dec. 24, according to Mastercard SpendingPulse . The report, which excludes auto sales and is…
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Gainers & Losers: 10 stocks that moved the most on December 26
December 26, 2023 / 04:41 PM IST The Indian equity benchmarks closed in green on December 26, Sensex was up 0.32 percent at 71336.80, and the Nifty was up 0.43 percent at 21441.35. About 2,234 shares advanced, 1,506 shares declined, and 139 shares remained unchanged. Motisons Jewellers Ltd | CMP Rs. 103.55 | Shares of…
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Bharat Electronics surges to 52-week high on Rs 678-cr orders; CLSA raises target price
CLSA raised its price target for Bharat Electronics by nearly 32 percent. Shares of Bharat Electronics surged 5.5 percent to hit a 52-week high of Rs 184.50 on December 26, after the company bagged orders worth Rs 678 crore. At 2.45pm, the stock of Bharat Electronics was trading 4.2 percent higher at Rs 282.20 on the National…
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Bajaj Finance, RBL Bank fall as RBI grants only 1 more year to co-branded credit cards
RBI has not yet allowed NBFCs to launch credit cards so most NBFCs have opted for the co-branded route. Bajaj Finance has credit card partnerships with RBL Bank and DBS Bank. While DBS Bank partnership is one-year old, the one with RBL Bank is a long standing one that started in FY18. Observing “serious deficiencies”…
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DPIIT working closely with 24 sub-sectors to promote manufacturing, exports, cut imports
DPIIT working closely with 24 sub-sectors to promote manufacturing, exports, cut imports The department for promotion of industry and internal trade (DPIIT) is working with 24 sub-sectors, including furniture, aluminium, agrochemicals and textiles, to promote domestic manufacturing, boost exports and reduce imports, according to an official statement. The commerce and industry ministry on Tuesday said…
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Moneycontrol Pro Panorama | Will markets shine in an election year?
As many as 40 countries including India and the US will hold general elections in 2024. Elections in the UK may occur in late 2024 or early 2025. Dear reader, As 2023 draws to a close, investors have much to look forward to in 2024. The prospect of interest rates staying higher for longer has…