Citi has reiterated its Sell rating on Ola Electric while sharply cutting its target price, citing weaker revenue prospects and sustained market share pressures. The brokerage lowered its target price to Rs 22 from Rs 27, reflecting reduced revenue assumptions and continued challenges in volume growth. Despite valuing the company at an unchanged 3.5x FY27E…
Meanwhile, the United Arab Emirates temporarily closed its airspace amid concerns over widening regional disruptions. Oil prices turned volatile as US President Donald Trump urged allied nations to assist in protecting oil tankers transiting the Strait of Hormuz. Read Full Article Further, US Treasury Secretary Scott Bessent stated that Iranian oil tankers are being allowed…
A bonus issue of stock is when a company issues extra free shares to its current owners, in proportion to their current ownership, out of accumulated profits or reserves rather than cash dividends. For instance, a 1:1 bonus issue sees a shareholder who owns 100 shares to receive 100 extra shares, making their total 200….
“This week is packed with several important developments and data releases, both domestically and globally. Geopolitical developments will remain the key factor to watch, as their impact on crude oil prices is likely to influence overall market direction. Read Full Article “On the domestic front, market participants will closely track key macroeconomic indicators, such as…
Stocks to Watch Today, March 17: Several companies will remain in focus in Tuesday’s trading session as they announced key corporate developments. Stocks such as Reliance Industries, Union Bank of India, Sun Pharmaceutical Industries, Ola Electric, and Tata Motors are likely to be stocks to watch today after updates related to fundraising plans, regulatory approvals,…
International oil prices have risen from about $70 per barrel before the West Asia conflict to over $100, but retail petrol and diesel prices in India have remained unchanged, forcing oil marketing companies (OMCs) to absorb the impact. With no immediate end to the conflict in sight, OMCs are exploring ways to limit losses on…
The mining major’s base issue of Rs 2,000 crore was oversubscribed when it opened last week, prompting the company to exercise a Rs 575 crore greenshoe option, taking the total issue size to Rs 2,575 crore, sources said. The issue closes this week, according to PTI. The three-year unsecured, rated and listed debentures were priced…
The auto components and equipment maker has announced the final dividend of Rs 35 for its shareholders. Read Full Article “Recommended a Dividend of INR 35/- per Equity Share of face value of INR 2/- each. The Dividend for the year ended December 31, 2025, if approved by the Shareholders at the ensuing Annual General…
In an exclusive interview with ET Now Swadesh, Gaurang Shah, Senior Vice-President at Geojit Investments, gave investment recommendations for four stocks that have become more attractive due to current market fluctuations caused by geopolitical tensions in the Middle East. Shah emphasises a long-term investment horizon for these picks. https://www.youtube.com/watch?v=3sW3HMv4Zhk Larsen & Toubro (L&T) Shah remains…
Sensex Prediction for Monday, March 16: Indian equity markets are likely to remain under pressure when trading resumes on Monday, March 16, after the benchmark indices ended Friday’s session with sharp losses. No stock data available Sensex Prediction for Monday, March 16: Indian equity markets are likely to remain under pressure when trading resumes on…
