Latest Stock Market News

Brokerage firms CLSA, Jefferies, and Morgan Stanley have issued their latest ratings on LIC Housing Finance, Bank of Baroda, PVR, Indian Oil Corporation (IOC), and Bharti Airtel. CLSA has maintained a buy rating on LIC Housing Finance, Bank of Baroda, and PVR, with target prices of Rs 550, Rs 225, and Rs 2015, respectively. Jefferies has retained its hold rating on IOC, while Morgan Stanley has continued its overweight stance on Bharti Airtel, with a target price of Rs 860.

The stock quoted a 52-week high price of Rs 115.0 and a 52-week low of Rs 72.12.

Century Plyboards (India), incorporated in the year 1982, is a Mid Cap company (having a market cap of Rs 12709.41 Crore) operating in Building Materials secto

The Indian rupee lost footing, opening at 82.29 and dropping to 82.35 against the US dollar. The falling rupee was attributed to the strengthening of the greenback in the foreign exchange market and a negative trend in domestic equities. The dollar index slightly rose to 102.60 while Brent crude futures went up by 0.11%, exerting downward pressure on the rupee. CR Forex Advisors Managing Director Amit Pabari warned that if there is a risk-off sentiment, there might be an increase in the demand for USD, causing other emerging market currencies to weaken.

No I think you are going to see some consistent buying I do not think that investors are really focused so much on the these near-term domestic concerns because in general Indian companies are growing more rapidly than US companies.

On the technical charts, the 200-day moving average of the stock stood at Rs 289.75.

Promoters held 0.0 per cent stake in the company as of 31-Mar-2023, while FII and DII ownership stood at 7.01 per cent and 3.29 per cent, respectively.

We did correct more than others in early 2023, but if you look at YTD returns, we are more or less in-line with global peers, whereas, on a year-on-year basis we are leading.

With the Fed looking to finally slowdown the interest rate hikes, a shift will be there in fixed income generating asset classes too. It is worth noting that SIP inflows are still healthy. It makes sense for the investors to continue with their investments and not deter from it.

The key initial reasons for the market correction globally since late 2021 were runaway inflation and unprecedented interest rate hikes by central banks to control the inflation. Both these factors have largely played out and equity valuations have fairly discounted the higher cost of capital today.