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Overnight data showed U.S. producer prices increased more than expected in April, indicating that inflation remained stubbornly high early in the second quarter.

Shyam Metalics and Energy, incorporated in the year 2002, is a Small Cap company (having a market cap of Rs 16820.49 Crore) operating in Metals - Ferrous sector.

Geojit Financial Services has buy call on Larsen & Toubro Ltd. with a target price of Rs 3806.0. The current market price is Rs 3393.0. Larsen & Toubro Ltd., incorporated in 1946, operates in the Construction sector with key Products/Revenue Segments including Income From Construction Work and Manufacturing. The top management includes Mr.A M Naik and others.

On the technical charts, the RSI of the stock stood at 43.65.

A total of 24,564 shares changed hands on the counter till time (IST).

The total consolidated revenue from operations stood at Rs 24,141 crore for the March quarter, up 20% over Rs 20,061 crore reported in the year-ago period. On a QoQ basis, the uptick was 2.4% over Rs 23,572 crore reported in Q3FY24.

​​We reduce our target multiple to 11.5x (from 12.5x) to factor in inconsistent content delivery and volatility in the movies’ supply, as structural issues persist resulting in lower occupancies. We have also cut our FY25-26E EBITDA by 5-10% factoring in the Q4 performance, weaker near-term pipeline, and a more calibrated screen opening guidance (and screen closures).

Promoters held 0.0 per cent stake in the company as of 31-Mar-2024, while FII and DII ownership stood at 21.28 per cent and 5.79 per cent, respectively.

B Thiagarajan, MD of Blue Star, discusses the growth and outlook of the AC industry for FY24, including unexpected growth in March and projected growth in April, market hold up post 2023 summer, potential for India to overtake China by 2040-2045, consumer finance trends, and capacity planning to meet increasing demand.

In Wednesday’s trading session, the following five stocks witnessed a build of fresh long positions. Let us first understand how this conclusion is reached whether the stock has seen a buildup of fresh long position or not. When the stock prices move up and open interest on the counter also moves upward, it is taken as a sign of a long buildup.