Indian Stock Market – Exploring Lucrative Investment Prospects on November 12, 2024
Stock Market And Business Top Stories on 12th November 2024
Check These Stock Trending In The Stock Market
Triveni Turbine Ltd
Industrials | Small Cap
RS.680.00/-
Zomato Ltd
Technology | Large Cap
RS.263.85/-
Reliance Industries Ltd
Energy | Large Cap
RS.1280.10/-
Britannia Industries Ltd
Consumer Defensive | Large Cap
RS.5386.45/-
ICICI Bank Ltd
Financial Services | Large Cap
RS.1286.40/-
Tata Motors Ltd
Consumer Cyclical | Large Cap
RS.802.80/-
NMDC Ltd
Basic Materials | Mid Cap
RS.223.88/-
UPL Ltd
Basic Materials | Mid Cap
RS.535.10/-
Waaree Energies Ltd
WAAREE Capital Goods – Electrical Equipment | Mid Cap
RS.2969.95/-
ITI Ltd
Communication Services | Small
RS.341.41/-
HDFC Bank Ltd
Financial Services | Large Cap
RS.1748.35/-
Hindalco Industries Ltd
Basic Materials | Large Cap
RS.662.80/-
Jubilant Foodworks Ltd
Miscellaneous | Mid Cap
RS.644.00/-
BSE Ltd
Financial Services | Mid Cap
RS.4750.00/-
Asian Paints Ltd
Basic Materials | Large Cap
RS.2526.65/-
Trent Ltd
Consumer Defensive | Large Cap
RS.6632.50/-
Trending Top Stories in The Indian Stock Market on November 12, 2024
Inox Wind wins repeat turnkey order for 87 MW from Continuum Green Energy, lifting total cumulative orders to ~700 MW and orderbook to >3.4 GW.
Morgan Stanley raises ICICI Bank’s price target to ₹1,650, reiterates overweight rating; expects further re-rating after a string of outstanding performances.
UPL Ltd plans to raise about $400 million through rights issue to reduce debt; HSBC upgrades rating to buy with a target of Rs 680.
AWFIS Space Solutions, the company under the consolidated leadership of DK Varma’s business house Venus Worldwide, has recorded a net profit of Rs 38.7 crore for the September 2024 quarter as revenue jumps 40.5% to Rs 292.4 crore.
State Bank of India records strong double digit Q2 growth in bottomline with net profit up by 23% on an annualised basis. The bank has provided a potential upside of near Rs 1,000 with five brokerages coming out with the ‘Buy’ rating.
Reliance Jio executives once again met with the telecom minister to discuss revenue sharing from OTT platforms, which suggests that negotiations are being carried on in the industry.
Morgan Stanley, Jefferies and CLSA cut target price of Shree Cement over weak volumes and the erosion of market share in Q2 earnings results.
Axis Bank renewed some of the existing employee stock units of its senior middle management to pay them with a greater focus on goal alignment and an emphasis on retaining employees.
Jefferies maintained ‘Buy’ on Jubilant FoodWorks with a target of ₹880 saying positive same store sales growth would continue even in a relatively tougher operating environment.
Akums Drugs posts 16% YoY rise in adj net profit at Rs 66.7 crore; revenue declines 11.9% to Rs 1,046.6 crore.
JP Morgan upgrades LIC to overweight with a two-skipped target price at Rs 1,075, accounting for possible changes in VNB after experiencing declining profits.
Nuvama maintains ‘buy’ rating on Aarti Industries, but reduces target price of Rs 600 to give 37% upside on Q2 showing worse than expected.
Nuvama promoted UPL Ltd to buy from reduce and pushed up its target price over 21% at Rs 590 by ascribing a balance sheet strength.
Brokerages Nuvama and Emkay Global, however, raised their respective target prices on Jubilant Foodworks to Rs 631 and Rs 680 as its profit fell by 31.5% YoY.
Hindalco Company reported a standalone profit of ₹1,891 crores for Q2 FY2024 with a rise of 123% YoY against the market estimates.
With the State Bank of India reporting a 23 percent rise in Q2 net profit year-over-year, five brokerages are giving it a buy rating and setting price targets near Rs 1,000.
Disclaimer:The views and recommendations made above in news headlines are those of individual analysts or broking companies, and not of News Lounge 24×7. We advise investors to check with certified experts before taking any investment decisions.
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