Latest Stock Market News

The brokerage tweaks its PAT estimates for FY23-FY25E by ~1% and maintain BUY rating with a revised Mar’24Etarget price of Rs707 (earlier: Rs717).

The stock quoted a 52-week high price of Rs 115.0 and low of Rs 68.94.

To find out which stocks should be on the top of your watchlist, we reached out to various brokerages to curate a list of 24 stocks for FY24.

Our portfolio was invested in manufacturing, cap goods, pharma/CDMO and finance sectors, and fortunately, the markets have favoured our holdings over the past year. While we continue to hold these positions, we acknowledge that performance should be evaluated over a 5-10 year time frame.

Follow-up buying can be seen after negation of lower highs-lower lows on a monthly frame.

Meanwhile, Goldman Sachs raised Brent crude price forecast for December 2023 to $95 per bbl and December 2024 forecast to $100 per bbl following the announcement. The global investment bank lowered its end-2023 production forecast for OPEC+ by 1.1 million bpd.

The Nifty50 index fell 9 points or 0.05% to 17,350, while the S&P BSE Sensex dropped 53 points or 0.09% to 58,938, as of 9.33 am.

Bosch shares on Friday ended at Rs 19,200 on the NSE and were up by Rs 222 or 1.17% from the previous closing price.Bosch Group is a global automotive supplier of technology and services in mobility solutions, industrial technology, consumer goods, and energy and building technology. It has 18 manufacturing sites and seven development and application centers

Pan-India average price is down 1% month-on-month in March 2023 and flat on the quarter-to-date basis in 4QFY23. The cement players attempted price hikes in February-March 2023 however, a significant portion of the hikes was reversed by offering discounts, incentives and price cuts. As a result, the all-India average cement price appears to be flat to marginally negative in 4Q v/s 3QFY23

​In the near term, equity markets will likely take cues from global trends and RBI monetary policy due later this week. Investors will also keep a close watch on FII inflows after relentless selling for the past few months