CLSA reiterates buy ratings on Hindalco, Vedanta on aluminum demand recovery
CLSA raised Hindalco's target price to Rs 770 from Rs 635 a share while keeping Vedanta's target price kept at Rs 430 a share.
Source: moneycontrol.com
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Adani Ports forecasts 10-14% port cargo growth in FY2025
Adani Ports and Special Economic Zone Ltd said in an analysts conference call that it expects port cargo to grow by 10-14 percent in FY2025, with revenue/EBITDA growth in line.
Source: moneycontrol.com
Analyst Tracker: Tech Mahindra gets maximum brokerage upgrades in 1 month; turnaround plan sparks hopes
Tech Mahindra witnessed the highest number of brokerage analyst upgrades among Nifty 50 stocks in the past month, following the IT company’s strategic vision for a business turnaround over the next three years.
Source: moneycontrol.com
PFC zooms 7% to near 52-week high on strong sector outlook, jumps 237% in 1 year
PFC was among the top gainers on the Nifty PSE index, gaining around seven percent. In the last one year, the stock has delivered multibagger returns of 237 percent, outperforming benchmark Nifty 50
Source: moneycontrol.com
Indian Oil, BPCL, HPCL stocks soar 2-7% as Brent crude slips to two-month low
A fall in Brent crude prices bodes well for oil marketing companies as it lowers their input costs, giving them more headroom to keep competitive prices, which eventually aids their margins.
Source: moneycontrol.com