Metal stocks shed up to 10% last week. Here’s why
Shares of metal companies such as , , and fell up to 10% in the last week amid recessionary fears in the US, low demand in China, and poor Q3 results.Shares of , , , and also declined up…
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Hindalco
Hindalco Q3 Results: Profit fell sharply on high input costs
Aditya Birla Group’s flagship company in the metals space, , on Thursday reported a sharp fall in quarterly profit for its standalone Indian business, on the back of moderating prices of…
Sensex rises 142 pts in fag-end, Nifty near 17,900; broader indices fall
Stock market highlights: Benchmark indices remained range-bound for better part of the session, only to turn higher during the last hour of trade. The S&P BSE…
RBI MPC meeting, macro data among 8 factors that will drive markets next week
Equity markets gyrated between gains and losses but they staged a smart recovery towards the end of the week. Sustained volatility and massive sell-off in Adani stocks kept investors on the…
Budget 2023: Infra and related stocks turn attractive to investors
Most analysts and experts are predicting the government would go heavy on infrastructure in the upcoming Budget to drive the overall growth of the economy."We believe the government might…
Metal stocks rally up to 6% last week. What’s cooking?
Shares of metal companies such as , , and rallied up to 6% in the last week amid higher export bookings and reports that Indian steel mills are eyeing price hikes in January on the back of…
Buy Hindalco Industries, target price Rs 510 : IIFL
IIFL has buy call on with a target price of Rs 510.The current market price of Hindalco Industries is Rs 491.35. IIFL recommended to keep stop loss at Rs 474.Hindalco Industries,…
Nifty50 cos likely to report double-digit revenue, profit growth for Q3
The input cost pressure was lower during the quarter.SynopsisHemang Jani, equities head at Motilal Oswal Financial Services, expects banking and finance, and automobile companies to drive…
Dalal Street starts new year on strong note
Mumbai: Indian shares started Year 2023 on an optimistic note led by gains in metals and private lenders. The Sensex once again closed above 61,000 amid thin trading volumes as several other…
Kotak picks new speciality chemical stock, trims position in 4 IT stocks
NEW DELHI: Domestic brokerage firm Kotak Institutional Equities has reduced stake in four IT stocks - , TCS, and - and picked speciality chemical stock SRF in its model portfolio.
"We…