Monday, 1 April 2024

Share market today l News l Reliance l Tata motors l Tata Elxsi l HDFC bank l NBCC l

 

Goldman Sachs raises Reliance Industries stock target price with ‘buy’ rating, sees 54% upside


Reliance Industries shares jumped over 3 percent on March 27 after Goldman Sachs reiterated a ‘buy’ rating on Reliance Industries Ltd, with as much as a 54 percent upside by FY26 in its bull case, citing favourable risk-reward dynamics, value unlocking from its Disney joint venture, and enhanced return on capital investments.



Tata's Auto Stock To Buy In FY25 Before Spliting: Rs 1,075 TP By Prabhudas, Rs 1,133 TP By CLSA



CLSA maintained its BUY on Tata Motors. CLSA is expecting Tata Motors' profitability to be robust, especially after its luxury-car brand Jaguar Land Rover reported an increase of 10% in volumes between January to February 2024 compared to the same period a year ago. The brokerage is expecting JLR to gain market share in the domestic passenger vehicle segment. Accordingly, CLSA has recommended BUY for Rs 1,133 on Tata Motors while maintaining its 'Outperform' rating.



Tata Elxsi stock gains on collaboration with Germany-based Dräger for critical care innovation

Tata Elxsi and Dräger, a global leader in medical and safety technology, announced collaboration to advance critical care innovation in India. As part of this collaboration, Dräger is expanding its research and development presence by establishing a new Offshore Development Center (ODC) at Tata Elxsi's facility in Pune.


HDFC Bank Stock Rises in Today's Trading Session 


HDFC Bank's stock opened at ₹1440 and closed at ₹1440.7 on the last day of trading. The stock reached a high of ₹1459.7 and a  low of ₹1440. The market capitalization is ₹1100183.24 crores, with a 52-week high of ₹1757.8 and a 52-week low of ₹1363.45. The BSE volume for the day was 1170187 shares traded. 

NBCC  overvalued by 35% ?  Intrinsic value of ₹87.92 could be fair value

 NBCC India's stock opened at ₹114.75 and closed at ₹113.5. The high for the day was ₹119.15, while the low was ₹114.5. The market capitalization stood at ₹21,429.0 crores. The 52-week high for the stock was ₹176.5, and the 52-week low was ₹30.96. The BSE volume for the day was 2,175,949 shares traded.


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