Latest Stock Market News

Morgan Stanley maintained an Equal-Weight rating on Jubilant FoodWorks with a target price of Rs 493.

The base case scenario of Sensex hitting 74,000 mark has a 50% probability and suggests that the BSE Sensex will trade at a trailing P/E multiple of 24.7x, ahead of the 25-year average of 20x.

As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.

A 5-year swing high represents the highest price a stock has reached within a five-year timeframe

Fedbank Financial Services IPO consists fresh equity issue worth Rs 600 crore along with an offer for sale (OFS) comprising 35,161,723 equity shares. Under the OFS, 1.64 crore equity shares will be offloaded by Federal Bank and 5.38 crore shares by True North Fund VI LLP.

"In the 1st Term of our Prime Minister we saw the clean-up activities, In the 2nd Term we saw reforms and we believe the 3rd Term would be an execution and results-based term where India would try to hit new and ambitious targets and Samvat 2080 would mark the beginning of the same.The Nifty50 has strong support at 18400 levels and we can see Nifty hitting 21500 levels by Samvat 2080."

“We are seeing the likes of Starbucks and other fast food organizations coming into India because they realize that Indians now have the money to consume these services. It is best to look at the higher end spectrum in the food sector, and particularly in those food sectors that are using technology for service, whether it be delivery, whether it be services within restaurants, et cetera.”