Synopsis: Jefferies gave a buy rating on Amber Enterprises India Ltd and raised its target price to Rs 9,120. The broking highlighted several growth drivers, including rising RAC demand, expansion in electronics manufacturing and opportunities in mobility and data...
Synopsis: Shares of Embassy Developments Limited gained after the company reported strong sales for its Embassy Verde Phase II project in North Bengaluru. The realty developer sold more than 500 units within four days, generating around Rs 495 crore in topline, driven...
Synopsis: Government prioritisation of gas supply for household PNG and CNG could lead to curtailment for industrial users, affecting city gas distributors differently. With significantly higher exposure to industrial and commercial demand, Gujarat Gas may face a...
Synopsis: Shares of Panacea Biotec rose after the company received major tax relief from the Income Tax Appellate Tribunal (ITAT), which cancelled a Rs 329.49 crore tax demand related to multiple assessment years. The ruling removes a significant financial overhang...
Synopsis: Shares of Devyani International rose after the company approved the amalgamation of its subsidiaries Sky Gate Hospitality, Blackvelvet Hospitality and Say Chefs Eatery into the parent entity. The merger aims to improve operational efficiency, streamline...
Synopsis: Shares of TTK Prestige and Stove Kraft surged up to 15% after reports of a sharp rise in induction cooktop demand amid LPG cylinder shortages and supply disruptions. E-commerce platforms and retail stores reported strong sales growth as households and hotels...
Synopsis: US President Donald Trump announced a proposed $300 billion investment initiative involving Reliance Industries to support the construction of a new oil refinery in Texas. If realised, the project would mark the first new refinery built in the United States...
Synopsis: Shares of India’s major oil marketing companies, Indian Oil Corporation, Bharat Petroleum Corporation Limited and Hindustan Petroleum Corporation Limited, have corrected after crude oil prices surged near $120 per barrel. Despite the decline, their stable...
Synopsis: UBS has turned cautious on India’s oil marketing companies, downgrading Indian Oil Corporation and Bharat Petroleum Corporation Limited to Neutral and Hindustan Petroleum Corporation Limited to Sell. The brokerage warned that a $5 per barrel rise in crude...
Synopsis: Six stocks: Adani Power, Cochin Shipyard, Hyundai Motor India, Motilal Oswal Financial Services, Nippon Life India Asset Management and Vishal Mega Mart will enter the F&O segment of the National Stock Exchange of India from April 1. Their inclusion...
