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Markets are poised to navigate geopolitical risks, with particular attention on Adani stocks. Investors are keen on updates that could impact their transactions, highlighting the importance of staying informed in a volatile environment.
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.
Bitcoin surged to a record $95,000 amid significant market shifts, while Target faced its largest earnings miss in two years, resulting in a 21% drop in shares and nearly $12 billion in lost market value. Nvidia reported record growth, and Ford announced 4,000 job cuts in Europe as oil prices rose due to geopolitical tensions. Google is under pressure regarding its Chrome browser amid these developments.
Indian equity markets ended a seven-day losing streak on November 19, with the Nifty closing at 23,518.50, up 64.70 points or 0.28%. Key gainers included M&M, Trent, and HDFC Bank, while SBI Life Insurance and Reliance Industries were among the top losers. The market was closed on November 20 for Maharashtra Assembly polls, with sectors like media, auto, and realty showing gains, while metal and oil & gas sectors declined.
Jupiter Life Line Hospitals reported positive financial results for Q2 2024-2025, achieving the highest operating profit of Rs 74.99 crore and net sales of Rs 322.58 crore in five quarters. While the operating profit margin improved to 23.25%, concerns remain regarding declining operating cash flow and the sustainability of non-operating income. Overall, the company has shown enhanced profitability and efficiency, but certain areas require attention for future growth.
Market volatility has prompted top mid-cap and small-cap mutual funds to redeploy cash into stocks. Investors are encouraged to opt-in for push notifications to receive relevant content and updates on their transactions, ensuring they stay informed in a fluctuating market.
Nvidia reported a 94% year-on-year revenue surge to $35.08 billion for the third quarter, with net income rising 109% to $19.3 billion. Despite beating expectations, shares fell 2.5% in extended trading, as investors reacted to a slower growth rate compared to previous quarters. The company anticipates continued strong demand for its Blackwell chip, but expectations have heightened, leading to a desensitization to its remarkable performance.
Swati Khemani, founder of Carnelian Asset Management, advises investors to build a high-quality portfolio over the next 3-6 months as markets consolidate within the 22,000-25,000 range. She highlights sectors like auto ancillaries, insurance, IT, and pharma as promising, while expressing caution towards microfinance institutions due to their cyclical nature. Khemani believes capital market players remain attractive and sees no major structural risks to Indian equity markets, despite potential short-term geopolitical and asset quality concerns.
Palo Alto Networks experienced a stock drop despite reporting strong earnings and raising its outlook, which did not impress Wall Street. CEO Nikesh Arora, speaking at the TEC Summit, reassured investors not to be concerned about the decline following the positive financial results.
Marc Rowan, CEO of Apollo Global Management Inc., may be considered for the role of US Treasury secretary, potentially marking a new leadership era for the firm he co-founded. Under his guidance, Apollo has evolved from a distressed-debt investor to a leading lending powerhouse, with assets rising to $733 billion and stock prices tripling since the departure of co-founders Leon Black and Josh Harris.
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