Brokerage firm DAM Capital initiated coverage on Centum Electronics on Wednesday, September 23, with a “Buy” rating, setting a target price of ₹6,000 per share. DAM Capital’s price target implies an upside potential of 22% from the stock’s closing levels on Tuesday. The coverage was initiated by DAM Capital citing the company’s strong positioning in…
Brokerage firm Kotak Institutional Equities initiated coverage on logistics services provider Shadowfax Technologies Ltd., on Wednesday, September 23, after the stock has been one of the most successful listings of this year. Kotak Institutional Equities initiated coverage on Shadowfax Technologies with a “ADD” rating and a price target of ₹310, which implies an upside potential…
The Indian rupee opened 2 paise stronger at 95.57 against the US dollar on Wednesday (September 23), compared with its previous close of 95.59, as traders continued to track crude oil prices and developments around the US-Iran conflict. Oil prices remained a key factor for Indian financial markets, with Brent crude futures hovering near two-week…
A more flexible definition of value has helped one fund outperform at a time when the fastest hands are rewarded for holding the hottest growth stocks. Chris Grisanti, a value investor who started in the industry in the 1990s, disagrees with the idea that value-oriented investors can’t also wade into technology companies. Continue Reading with…
History shows that isolated tweaks are rare. The financial markets may be coming to the realization that the Federal Reserve is on the precipice of a full-blown hiking cycle and not merely an adjustment or tweak to its monetary policy. Continue Reading with CNBC-TV18 Access Membership Priority Access and Networking: CNBC-TV18’s flagship events Interaction with…
The Asian markets have opened higher with some caution after a poor show from the US indices across Wall Street. The Nikkei 225 index in Japan is surging with gains of close to 2% or around 1.70%. Meanwhile, another Tokyo index, the TOPIX, after slipping in early trading, picked up pace, rising nearly half a…
Global brokerage firm Macquarie has initiated coverage on National Stock Exchange of India (NSE) with an ‘Outperform’ recommendation and a price target of ₹1,965 per share. The target implies an upside of around 10% from NSE’s IPO price of ₹1,785 per share. Macquarie has termed NSE “The Dominator”, citing its leading market share and strong…
Brokerage firm Macquarie has initiated coverage on five capital market names on Thursday, September 24, of which it has a “outperform” or a “buy” equivalent recommendation on four of them. Macquarie has initiated coverage on the National Stock Exchange (NSE), which makes its stock market debut today, the Bombay Stock Exchange (BSE), MCX, Billionbrains Garage…
Shares of Patanjali Foods, AWL Agri Business and Godrej Agrovet will be in focus on Thursday, September 24, after the government reduced the basic customs duty on crude and refined edible oils, including palm oil, soyoil and sunflower oil. The duty cuts, effective September 24, are aimed at bringing down edible oil prices for consumers…
The dollar clung to a two-month high on Thursday (September 24) after a strong manufacturing reading reignited inflation fears and rate-hike bets, while a weak Treasury auction sent yields higher across the curve, providing fresh impetus to the US currency. The broad dollar strength pushed the euro to $1.1378, a two-month low, while sterling languished…
