Latest Stock Market News

The sales grew to a record 3.9 million units in the last fiscal year ended 31 March 2023. Nifty Auto was the best-performing index among the sectoral indices and was last trading at 12,414.40, up 170.60 points or 1.39% in a lacklustre market.

Kotak Mahindra Bank, incorporated in the year 1985, is a banking company (having a market cap of Rs 346274.02 Crore).

The Relative Strength Index of the stock stood at 63.46 on Monday.

One can safely say that it was a close fight between Dalal Street bulls and bears, as benchmark Nifty 50 eked out 0.3% gain month-on-month in March, thanks to the 2% gains on the last trading day of the month.

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.