Page 32 - Axis Securities News Today

The Nifty Bank snapped a two-day losing streak to close with gains of over 1% supported by gains in top private sector banks. The index rose 640 points to close at 47,732 while the Nifty50 closed at 21,182, up 256 points on Thursday.

NOTICES Notice No. 20231214-33 Notice Date ...

UltraTech is the third-largest cement producer in the world, outside of China, with a total grey cement capacity of 137.85 MTPA. The companys shares this year so far have rallied significantly, delivering a return of 40.13%.

Shares of JTL Industries gained more than 3 per cent to Rs 212.50 on Wednesday, commanding a total market capitalization of more than Rs 3,600 crore.

Street experts say that the consolidation is normal right now as the market has entered an

According to Axis Securities, Ultratech is set to post CAGR of 12% in revenue, 21% in EBITDA, and 30% in adjusted profit after tax (APAT) over the period from FY23 to FY26

Shares of Wipro have bounced back strongly, gaining 12% to ₹422 apiece from the November low of ₹377. This resurgence has positioned the stock in close proximity to its 52-week high of ₹443.75 apiece.

After an almost 73 percent jump in the stock in 2023 YTD, brokerage house Axis Securities has chosen Persistent Systems as its top pick of the week. The brokerage has a ‘buy’ recommendation on the stock with a target price of ₹7,115, indicating an upside of 10%.

RBL Bank has recently experienced a robust breakout from the consolidation zone between Rs 258-210, accompanied by a strong bullish candle, indicating a continuation of medium term uptrend.

The Finnifty index must scale over 21,250 to draw bullish momentum. A failure to hold the spot 21,200, the 21,250 CE may see aggressive writing as per analyst.