Latest Stock Market News

TVS Motors is currently trading at Rs 1,069 and is trending upward while maintaining trendline support. For the past five months, TVS has seen good price and time consolidation and is currently fluctuating between Rs 975 and 1175, the brokerage said, adding that the stock can be bought around Rs 1,069 zone and adding till Rs 1,040 with a target of Rs 1,170–1,210. Below Rs 1,010 levels, Choice Broking said the view will be negated.

The Nifty Bank index was trading 0.06 per cent down at 41256.8.

Given the recent volatility in the stock, we again bake in a higher cost of capital assumption, which yields a target price of Rs 195 (Rs 251 earlier); maintain ‘BUY’. At CMP, Nykaa is trading at FY25E EV/sales of 5x. The confluence of both growth and profitability would be critical for valuations to improve. Besides, the gross margin miss, an aberration as per management, must reverse else as any structural impact could negate benefits in marketing and fulfilment.

A total of 2,414 shares changed hands on the counter till 11:02AM (IST)

Full business normalization is still a few quarters away. The global investment bank slashed FY23-25E EPS estimates by 7% to factor in a relatively slower topline growth and management commentary on the call.

HCL Technologies, incorporated in the year 1991, is a Large Cap company (having a market cap of Rs 308910.07 Crore) operating in IT Software sector.

On the technical charts, the RSI of the stock stood at 36.0.

On the technical charts, the RSI of the stock stood at 48.32.

Shares of smallcap Brightcom Group, a digital marketing company, had a gravity-defying rally in 2021. The stock is still up over 800% in the last 5 years but has gone down over 77% from its 52-week high level. Brightcom hardly has any analyst coverage. As on December-end, the public shareholding stood at 66.91%.

“Only 2-3% of LIC policyholders pay premiums of more than Rs 5 lakh annually. They work in a much smaller premium zone. A large number of people who are paying for LIC policies are not doing them for tax benefits. Even if the new tax regime were to come, for a lot of these people, it is just one way to save. So, the tax measure is not going to impact LIC.”