Latest Stock Market News

Varun Beverages shares drop 3.88% as Sensex falls

Updated at : 2023-06-08 16:10:03

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The stock quoted a 52-week high of Rs 1747.15 and a 52-week low of Rs 716.65.

What makes a crypto asset a security in the US?

Updated at : 2023-06-08 14:05:02

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The SEC has brought more than a hundred enforcement actions in the past decade, claiming various cryptocurrencies are securities.

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On daily chart “ double bottom” confirmation , daily and weekly RSI is in positive terrain.

Top brokerage firms have released their recommendations for various companies. Morgan Stanley has maintained an overweight rating on Zomato, while CLSA has maintained a buy rating on Tata Motors and BofA Securities has upgraded Paytm to buy. Additionally, Morgan Stanley has initiated equal-weight ratings on HDFC AMC and Tata Steel, and has maintained an underweight rating on HPCL. Morgan Stanley expects sustainable share gain for Tata Motors in the PV segment and believes Paytm is well-positioned to dominate the SME merchant landscape, while the impact of SEBI paper is expected to be limited for HDFC AMC.

Here's why Anand Tandon is bullish on Hero MotoCorp

Updated at : 2023-06-08 14:05:02

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​Currently, it is not very expensive. It is just about marginally at long term valuations average. And assuming the earnings hold up, one year forward earnings are also the estimates which are indicating that the market is trading at around 18 times or whatever which is not particularly expensive

Equity markets were largely steady after the policy outcome. Both Sensex and Nifty 50 were up 0.1% each at 63,221.02 points and 18,749.15 points, respectively. The Nifty Bank index was 0.2% up at 44,382.15 points.

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Brokerage firm Motilal Oswal is bullish on a few large-cap stocks, which belong to different sectors such as FMCG, IT, and banking.

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​Volume growth may be a little more suspect this year in my view except for those again which are rural facing. So you may expect to see companies like Dabur actually do better.

Buy NTPC, target price Rs 179.8: ICICI Direct

Updated at : 2023-06-08 14:05:02

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Buying demand emerging after a base above 20 days EMA and at thecusp of breakout above last three weeks range signaling furtherupsides in coming sessions.

The brokerage has factored revenue/EBITDA CAGR of 12/10% over FY23-25. Management hasreiterated improved funnel of new deal, but its translation into meaningful growthwill be key for TCOM to achieve double-digit earnings growth. The silver lining is itsstrong FCF of INR14-23b despite increase in capex implying FCF yield in the mid-single digits and healthy ROCE of over 20% and continued deleveraging. Sustained improvement in earnings growth visibility willbe vital for valuation rerating

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