Apple just hit a record high. HSBC says it still has room to run
The investment bank upgraded the AI name to buy from hold. I also hiked its price target on shares to $366 from $260, suggesting 10% upside from Thursday’s close.
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JSW Steel Q1 Results: Record sales, higher other income aid profit growth; To take unit public
JSW Steel’s June-quarter profit more than doubled, aided by higher other income and record first-quarter steel sales, helping the company beat Street estimates across key metrics. The board also approved selling shares worth up to ₹811 crore in the proposed…
RVNL partners with Goa government to develop infrastructure projects in the state
The state-run company will act as the project execution agency under the MoU, though details on project value, scope and timelines are yet to be announced.
Zee Entertainment explores stake sale in Music arm to shore up cash reserves: Exclusive
Zee Entertainment is further aiming to increase its cash balance, which is currently around ₹3,000 crore. The company’s current market capitalization is just over ₹10,000 crore.
JSW Steel to participate in JSW One Platforms IPO with ₹811 crore Offer For Sale
JSW Steel said the price and other details of the proposed IPO will be determined at a later stage in accordance with applicable regulations, including the SEBI (Issue of Capital and Disclosure Requirements) Regulations.
Market rally decoded: Banks, Tech Mahindra and Reliance fuel Sensex’s 965-point jump
The BSE Sensex rose 965 points to close at 78,151, while the Nifty 50 advanced 262 points, or about 1%, to settle at 24,334.
Banking, IT can drive Nifty breakout as broader market rally continues: Gautam Shah
Gautam Shah, Founder of Goldilocks Global Research, sees banking and IT leading the next leg of the rally, prefers mid-, small- and micro-cap stocks, remains positive on Adani Group, real estate, PSUs, financials and service consumption, while recommending fresh exposure…
Federal Bank Q1 Results: Strong core income, lower provisions aid profit; asset quality stable
The lender reported its Net Interest Income (NII) of ₹2,946 crore during the June quarter, which is 26% higher compared to the ₹2,336 crore it reported during the same quarter last year.
Central Bank of India Q1 Results: Core income growth of 16%, asset quality stable
Central Bank of India’s Operating profit before provisions and contingencies increased to ₹2,186 crore from ₹2,096 crore in the March quarter, although it was lower than ₹2,304 crore reported a year ago. Profit before tax came in at ₹1,785 crore,…
India’s corporate profit-to-GDP ratio is at 2008 level, what happens next?
Read on for the seven most attractive sectors right now.