{ }
Gautam Adani and several associates have been charged in a $250-million bribery case linked to energy projects in India, causing a significant sell-off in Adani stocks and erasing Rs 2.3 lakh crore in market capitalization. Despite the Adani Group's dismissal of the allegations as "baseless," investor anxiety has surged, reminiscent of past turbulence following the Hindenburg incident. While some experts express concern, international brokerage Bernstein suggests the market's reaction may be a temporary overreaction.
Indian Hotels has positioned itself as a leader in the hospitality sector, aiming for significant growth by 2030 with plans to expand to 700 hotels and double revenues to INR150 billion. The company focuses on enhancing traditional businesses while innovating through ventures like Ginger and Qmin, targeting a 20%+ return on capital employed. Motilal Oswal maintains a BUY rating with a target price of INR 880, reflecting confidence in IH's operational performance and sustainability initiatives.
Jefferies has upgraded Indian Hotels with a buy call and raised the target price to ₹900 per share, citing strong growth goals and consistent past performance. Meanwhile, Morgan Stanley maintains an overweight rating on TCS, setting a target of ₹4,660 per share, while highlighting cautious optimism in the demand environment. HSBC has also issued a buy call on UPL, targeting ₹680 per share, as the company approaches a rights issue aimed at debt reduction.
On Monday, traders are advised to consider strategies for stocks including SBI Life, Axis Bank, Indian Hotels, Zomato, and Aegis Logistics. Additionally, there is an option to receive push notifications for relevant content and transaction updates.
Ashish Kyal, CEO of Waves Strategy Advisors, recommends buying Kiri Industries and Carborundum Universal for the upcoming week, citing a breakout pattern for Kiri and increasing volumes for Carborundum. He warns that a breach below the 200-day EMA for Bank Nifty could lead to significant market panic, with potential declines towards 48,500.
Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings

Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.