Category: Uncategorized

Torrent Power Ltd, the integrated power utility of the diversified Torrent Group, has signed four non-binding Memorandum of Understanding (MoUs) with the government of Gujarat under the 10th edition of Vibrant Gujarat Global Summit, according to a company statement issued late in the evening on Wednesday.

At the current price of Rs 26,620, the stock is trading at a forward PE of 80x for FY24, having gained close to 20 percent in the past three months. The valuation is much higher as compared to other FMCG companies

As of January 1, among 34 analysts tracking BPCL on Moneycontrol#39;s Analysts Tracker, #39;Buy#39; calls rose to 25 from 21 previously, while #39;Hold#39; calls decreased to 4 from 8

For FY2023-26E, HSBC analysts expect a 17 percent CAGR in the company#39;s EBITDA. ROIC is also expected to rise to 17 percent in FY26 from 13 percent in FY23.

Bajaj Finance stock has risen around 12 percent in the past year, underperforming the benchmark Nifty 50 that has gained around 18 percent during the period

As an investor, forecasting must not be at the heart of the investment process, it is the strategy and goals that matter 

As an investor, forecasting must not be at the heart of the investment process, it is the strategy and goals that matter 

Bandhan Bank has gained strength after consolidation in the recent past and went very close to the September swing high. The stock formed healthy bullish candlestick pattern on the daily timeframe with significantly higher volumes.

Stocks to watch: Check out the companies making headlines before the opening bell today, on January 4, 2024.

The broader market outlook suggests a sell-on-rise strategy as long as the Nifty 50 stays below 21,650.