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Emudhra, a leading certifying authority in India, has seen its stock value surge by 245% in the past year, reaching ₹738.40. Centrum Broking in its recent note revised its price target price on the stock to ₹832 apiece. Reflecting on a strong spike in the share price, it adjusted its rating.
Crude oil prices surged due to tensions in West Asia after the Israeli attack on the Iranian embassy. Iran vowed revenge. Brent Crude rose above $91 per barrel. US and China's economic growth also drives prices up.
Expert view: Rahul Ghose expects the April series to be volatile due to the start of voting. Market consolidation is expected with Nifty levels between 19,000-24,300. The key levels for the April series are at 23,000 (upside) and 21,200 (downside).
Stocks to buy: Stocks like IPCA Laboratories, Mrs. Bectors Food Specialities, and ICICI Prudential Life Insurance are recommended buys with potential upside ranging from 9% to 17%.
Anil Rego, CEO and Fund Manager at Right Horizon, PMS, expects the government to focus on infrastructure development in Budget 2024, including ports, airports, railways, and highways.