Shares of Tech Mahindra Ltd. declined on Tuesday, June 23, as brokerage firm Citi remained cautious on the stock. Citi has a “sell” rating on Tech Mahindra with a price target of ₹1,275 per share, a downside of 11% from its previous closing price. The brokerage said Tech Mahindra’s management reiterated better-than–industry growth and a…
Textile stocks such as Gokldas Exports, Indo Count, Arvind, Pearl Global and Welspun Living were trading with gains on Tuesday, June 23, after brokerage firm Motilal Oswal initiated coverage with “buy” ratings for them. Meanwhile, the stocks on with Motilal Oswal initiated coverage with a “neutral” rating, were trading with losses Stock Rating Price Target…
India’s defence exports could nearly double to ₹75,000-80,000 crore by 2029-30 (FY30), driven by growing demand from the Middle East and Europe, according to Jyoti Gupta, Senior Research Analyst at Ashika Institutional Equities. Speaking about reports that India is in discussions with the United Arab Emirates (UAE) to export BrahMos and Akash missile systems, Gupta…
SpaceX stock drops for the third straight day, losing over USD 600 billion in value. If you’ve been following the markets or have any exposure to tech and space companies, you might have noticed SpaceX shares taking a hit recently. The Elon Musk-led company’s stock fell for the third consecutive trading day on Monday, June…
In contrast, shares of Vedanta Ltd came under pressure during the session. As of 11:00 am, the stock was trading at Rs 282.90, down 7.5 per cent or Rs 23 from its previous close, reflecting investor caution following the promoter stake sale. However, the prices went as low as Rs 278.80, reflecting a downside of…
If the indications from grey market premiums are taken into consideration, both the NSE IPO and Jio IPO are poised to capture strong interest from retail investors. NSE IPO, Reliance Jio IPO: The two upcoming mega initial public offerings (IPOs) – NSE and Reliance Jio – in India share a deep bond rooted in retail…
Vodafone Idea’s share price has declined 0.60 per cent on Tuesday, a day after the company raised Rs 1,182 crore from promoter entity Aditya Birla Group through a warrant issuance. In an exchange filing on Monday, the company announced allotment of 430 crore warrants to Suryaja Investments Pte. Ltd., (an Aditya Birla Group entity and…
Oil prices could remain under pressure and fall below $70 a barrel over the next year as Organisation of the Petroleum Exporting Countries Plus’ (OPEC+) ability to manage global supply weakens, according to Richard Redoglia, CEO of Matrix Global. Speaking after the de-escalation of tensions between the US and Iran, Redoglia said the market is…
The Commercial Vehicles business of Tata Motors Ltd. has shared a positive outlook for the financial year 2028, at its investor day on Tuesday, June 23. The company aspires to be the fourth largest global player in the commercial vehicles market after the mega Iveco acquisition. Tata Motors CV has estimated that its domestic commercial…
BSE 1000 stock to buy today: BSE 1000 company, Mahindra Logistics Limited, is in focus today as the brokerage firm, Elara Capital, is bullish on the logistics solution provider. Mahindra Logistics on April 21, 2026, reported a 67 per cent year-on-year jump in standalone profit after tax (PAT) to Rs 13.12 crore in three months…
