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When the closing price falls below the VWAP, it signifies that the closing price is lower than the average price at which it was traded throughout the day, with the average being weighted by trading volume.

Vodafone Idea Ltd is expected to see a sequential improvement in performance in the December quarter. Net loss is seen narrowing from the September quarter, while consolidated revenue is expected to remain flat. Average revenue per user (ARPU) is likely to rise 1% sequentially. However, net subscribers are expected to decline.

Hindustan Petroleum Corporation Ltd., incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 61848.71 Crore) operating in Gas & Petroleum sector.

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Investors are locking in profits in stocks ahead of the highly volatile Union Budget 2024 session. Global cues remain positive with lower crude prices and optimism over a US Fed rate cut in March. FII selling is dampening investor sentiments. Nifty and Bank Nifty levels to watch out for are 21,000-21,100 and 43,500-44,000 respectively. Expectations for the Union Budget include spending on infrastructure, job creation, tax exemptions, and incentives for various sectors.

Buy Cipla, target price Rs 1600: Motilal Oswal

Updated at : 2024-01-29 11:10:02

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Cipla Ltd. key Products/Revenue Segments include Pharmaceuticals, Royalty Income, Other Operating Revenue, Export Incentives and Scrap for the year ending 31-Mar-2023.

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The public issue of Qualitek Labs received good response from investors with the overall subscription at nearly 59 times. The category reserved for retail investors was booked 39 times, followed by other investors at 69.37 times.

A host of analysts shared their tech views on several stocks, which may gain up to 25% in the near term.

Macquarie maintained an outperform rating on HDFC Bank with a target price of Rs 2075. The private sector bank is on the right track for consolidation.

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