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Hold Bharat Forge, target price Rs 785: Emkay Global

Updated at : 2022-08-29 13:25:01

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Bharat Forge Ltd. key Products/Revenue Segments include Steel Forgings, Scrap, Export Incentives, Job Work, Wind Mills for the year ending 31-Mar-2022.

RIL shares rise marginally ahead of 45th AGM

Updated at : 2022-08-29 13:25:01

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Dipan Mehta, Director at Elixir Equities, said there is always excitement around Reliance AGM, and one should expect some announcements, even as there may not be the fireworks we saw in earlier AGMs.

Shares of Lupin rise as Nifty drops

Updated at : 2022-08-29 13:25:01

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On the technical charts, the 200-day moving average of the stock stood at Rs 758.99.

Experts believe that about half of the incremental Nifty earnings growth in the next 2 years would come from the financial sector. In a rising interest rate scenario, the repricing of loans happens faster than the repricing of deposits, and margins are likely to expand for banks. The improvement in margin is likely to be better reflected in the September and December quarters, as compared to the June quarter.

“I would think that Reliance could languish for some more time and I do not think any demerger is going to happen fast. The new generation is just taking over some operating businesses. I do not think Mr Ambani will risk demerging the companies at this stage or if ever.”

Container Corporation of India Ltd., incorporated in the year 1988, is a Large Cap company (having a market cap of Rs 42087.01 Crore) operating in Logistics sector.

Adani Ent. shares down 0.37% as Nifty falls

Updated at : 2022-08-29 13:25:01

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The stock quoted a 52-week high price of Rs 3258.05 and low of Rs 1344.6.

IT stocks nosedive up to 7%; HCL Tech lead losers

Updated at : 2022-08-29 13:25:01

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Mishra suggested investors to select IT stocks with a medium-term outlook. He has picked Infosys and TCS from the largecaps, whereas Mindtree, LTTS, Cyient and Persistent Systems are his picks from the midcap pack. Prabhakar from IDBI Capital is neutral on the IT pack as he believes that the technology budget might get trimmed but due to its increased penetration in day-to-day life, a smooth operation will not be possible.

The global cryptocurrency market cap was trading lower at the $951.77 billion mark, falling as much as 2 per cent in the last 24 hours. However, the total trading volume dropped about 17 per cent close to $54.09 billion.

The highest new OI addition was seen at 17700 for Calls and 17000 for Puts in weekly and at 18000 for Calls and 16000 for Puts in monthly contracts.

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