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Buy ITC, target price Rs 339: ICICI Direct

Updated at : 2022-12-27 12:30:03

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ITC Ltd. key Products/Revenue Segments include Packaged Food Item, Agricultural Products, Paper & Paper Boards, Others, Tobacco Unmanufactured, Service (Hotel), Printed Materials, Other Operating Revenue for the year ending 31-Mar-2022.

“ If the crude oil prices remain stable, we should see balanced and stable growth going forward in the coming year and thereafter. I am directly positive on the metal and commodity space though I would be equally cautious about the unnatural outcome due to the crude oil prices which could possibly shock on the wrong side. So one could probably remain a bit cautious.”

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The company had said that it sees positive signs of recovery going forward in the edible oils business for H2FY23, with softening of commodity prices and recent uptick in demand on the back of festivities and weddings.

Rupee falls 9 paise to 82.74 against US dollar

Updated at : 2022-12-27 11:30:03

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According to an official announcement on Monday, China will scrap quarantine for international travellers from January 8 next year, as it reopens its international borders and comes out of international isolation after nearly three years.

Having risen more than 12% year-to-date, shares of the automaker have given double-digit returns for the first time since 2017. Year-to-date, Nifty 50 has gained a little over 5%. The stock remains a bet in the automobile pack for 2023 for most brokerages given the bullish outlook for passenger vehicle demand in the domestic market. Analysts expect Maruti Suzuki

"We think we should be done with interest rate hikes by central banks by mid 2023. However, the cost of capital for corporates and retail borrowers will continue to increase as liquidity tightens due to the balance sheet shrinking exercise by the US Fed. This may put the brakes on capex and consumer spending globally and reduce inflationary pressures."

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Poonawalla Fincorp Ltd. key Products/Revenue Segments include Interest, Fees & Commission Income, Rental Income, Income From Sale Of Share & Securities for the year ending 31-Mar-2022.

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Larsen & Toubro Ltd., incorporated in the year 1946, is a Large Cap company (having a market cap of Rs 294300.64 Crore) operating in Construction sector.

India and China — a 2023 tale of two markets

Updated at : 2022-12-27 11:30:03

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The world’s second-largest economy has seen equities slump by two-fifths since June 2021, thanks to Beijing’s isolationist Covid-19 policies, turmoil in the real-estate industry and a punishing antitrust campaign against the country’s valuable tech firms. If China has been mired in a surfeit of pessimism, the opposite is true of India. Thanks to pent-up urban demand after the pandemic, stocks have held up reasonably well despite the US Federal Reserve’s aggressive monetary tightening.

The market capitalisation of all listed companies on the BSE increased by Rs 5.79 lakh crore to Rs 277.91 lakh crore in the last four days

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