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Hero MotoCorp shares surge 6% after Q4 results. Should you buy, sell or hold?
Hero MotoCorp Share Price: Hero MotoCorp shares surged 6% after Q4 results, with net profit up 18% to Rs 1,016.05 crore. Brokerages remained positive: Jefferies expects double-digit industry revenue growth, maintains 'buy'; BofA sees potential in Hero 2.0 strategy, sets target price of Rs 5,400; Kotak retains 'sell' rating.
Buy Hero MotoCorp, target price Rs 5320: Motilal Oswal
Hero MotoCorp Ltd. key Products/Revenue Segments include Motorised Two Wheelers Upto 350cc Engine Capacity, Spares (Two Wheelers), Sale of services, Other Operating Revenue and Duty Drawback for the year ending 31-Mar-2023.
Hot Stocks: Brokerage view on Voltas, Bharat Forge, Hero MotoCorp and TVS Motor
After the fourth-quarter results, Jefferies upheld a buy rating for TVS Motor and Hero MotoCorp. Meanwhile, Citigroup suggested selling Bharat Forge but buying Voltas.
Hero MotoCorp Q4 Results: PAT jumps 18% YoY to Rs 1,016 crore; dividend declared at Rs 40 per share
Hero MotoCorp Q4 Results: The company had reported a profit of Rs 858.93 crore in the year-ago period. The PAT was broadly in line with the Street's estimates of Rs 1,026 crore. This was also its highest-ever revenue and profit after tax (PAT) for any financial year.
Buy Birla Corporation, target price Rs 1800: Motilal Oswal
Birla Corporation Ltd. key Products/Revenue Segments include Cement, Jute Goods, Royalty Income, Other Operating Revenue, Export Incentives and Others for the year ending 31-Mar-2022.
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 49%
It is after a long period of time that on Friday bears are visible in both segments of market, in the broader market like indices like Nifty and Sensex, but also in the broader market breadth. There is no major follow up in today's trading session, but given the fact valuations are expensive it would be better to still be cautious. In such times, stocks where there are some improvements in the business operating matrix that tend to weather the storm better. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
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Buy Indian Oil Corporation, target price Rs 195: Motilal Oswal
Indian Oil Corporation Ltd., incorporated in the year 1959, is a Large Cap company (having a market cap of Rs 238578.32 Crore) operating in Gas & Petroleum sector.
Smallcaps’ resilient show in April has 500 stocks offering double-digit returns. How to navigate May
The BSE smallcap index rallied nearly 10%, while the midcap index jumped over 7%. Within the smallcap space, over 500 stocks have delivered double-digit returns with the highest gain (Puravankara) going as high as 86%.
Two-wheelers likely to report double-digit YoY growth in April sales. Which stocks to buy
PV volumes are likely to have grown at a healthy pace led by robust retail volumes (up over 10%). Meanwhile, CVs and tractors are expected to be broadly flattish, but better than the previous month, owing to the fading of the high base.
Tesla soars 12% on tentative approval for driving system in China
The developments came after Tesla Chief Executive Officer Elon Musk made an unannounced trip to China on Sunday, seeking approval for driver-assistance software that could help arrest the carmaker’s revenue decline. While the company’s suite of features require constant supervision and don’t make Teslas autonomous, the company charges $8,000 for them in the US, or $99 a month for a subscription.
Alphabet leaps into $2 trillion club as results show AI strength
Investors cheered the Google parent announcing its first-ever dividend and a $70 billion stock buyback. The $2 trillion milestone followed the company’s results, where revenue beat expectations on the strength of its cloud-computing unit. Cloud demand was fueled by growth in AI.
Chennai Petroleum Corp shares soar 16% on Rs 55 dividend, 72% QoQ PAT growth
Chennai Petroleum Corp had reported a PAT of Rs 365.28 crore in Q3FY24. On a year-on-year basis, the net profit plunged 38% versus Rs 1,012.81 crore in Q4FY23.
This stock is set to zoom 13%; commercial service player aims at 7% rise
Nifty traded near its high point in the first half and then rapidly lost ground to close with a loss.
Iran warned Israel a day before attack: Missiles' target locked, 'we have fingers on the trigger'
US media reported Israel's retaliatory strikes against Iran. Teheran had launched missiles and drones at Israel, many intercepted. Iran ready to defend nuclear sites and has identified Israel's facilities, a senior military commander said.
Exceeding target: Oil PSUs made a capex of ₹1.28 lakh cr in FY24
State-run oil companies exceeded capex targets, with IndianOil leading in spending. ONGC focused on drilling more wells for energy prospects. HPCL invested in a refinery project, while GAIL and Oil India also increased spending.
Buy Indian Oil Corporation, target price Rs 195: Motilal Oswal
Indian Oil Corporation Ltd., incorporated in the year 1959, is a Large Cap company (having a market cap of Rs 238719.53 Crore) operating in Gas & Petroleum sector.
Rekha Jhunjhunwala cuts stake in this Tata group stock and 4 others
Jhunjhunwala owned about 1.8% stake in Tata Communications towards the end of December quarter, pared the stake in the company by 0.3%, bringing the overall holding to 1.6% at the end of March quarter.
Buy NBCC (India), target price Rs 159: Prabhudas Lilladher
NBCC (India) Ltd., incorporated in the year 1960, is a Mid Cap company (having a market cap of Rs 22671.00 Crore) operating in Construction sector.
Buy Birla Corporation, target price Rs 1665: Axis Securities
Birla Corporation Ltd. key Products/Revenue Segments include Cement, Jute Goods, Royalty Income, Other Operating Revenue, Export Incentives and Others for the year ending 31-Mar-2022.
Buy NBCC (India), target price Rs 159: Prabhudas Lilladher
NBCC (India) Ltd. key Products/Revenue Segments include Income from Project Development, Income From Construction Work, Income From Real Estate Development, Other Operating Revenue for the year ending 31-Mar-2023.
Buy Hero MotoCorp, target price Rs 5560: Motilal Oswal
Hero MotoCorp Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 90809.73 Crore) operating in Auto sector.
Indian Army Major develops revolutionary Multi-Target Detonation Device; here's why its unique
The Indian Army has patented a Portable Multi-Target Detonation Device (WEDC), developed by Major Rajprasad RS, offering a long range of 2.5 kilometers with wired and wireless firing modes. This device enhances safety and precision in demolitions, overcoming the limitations of previous systems. Major Rajprasad's innovation highlights the army's commitment to self-reliance and indigenous defense innovation, recognized during the Bharat Shakti exercise by Prime Minister Narendra Modi and Army Chief General Manoj Pandey.
Buy Bajaj Consumer Care, target price Rs 280: ICICI Securities
Bajaj Consumer Care Ltd. key Products/Revenue Segments include Personal Care and Other Operating Revenue for the year ending 31-Mar-2023.
BAT planning to launch ITC selldown as soon as this week
London-listed BAT has been speaking with Bank of America Corp. and Citigroup Inc. about a potential divestment of around $2 billion to $3 billion in ITC stock through block trades, the people said.
Technical Breakout Stocks: How to trade Tata Investment Corp, Tata Motors and SBI on Wednesday
The S&P BSE Sensex fell nearly 200 points while the Nifty50 closed below 22,400 levels. Sectorally, buying was seen in auto, public sector, oil & gas, and utilities sectors while IT, FMCG, consumer durables and smallcap stocks saw some selling pressure.
Technical Breakout Stocks: How to trade Quess Corp, CRISIL and MRPL on Tuesday
Sectorally, buying was seen in consumer durables, telecom, power, and FMCG stocks while metal, capital goods, and realty stocks saw some selling pressure.
Technical Breakout Stocks: How to trade Hero MotoCorp, JBM Auto and Star Cement on Tuesday
The S&P BSE Sensex fell more than 500 points while the Nifty50 managed to hold on to 21,600 levels. Sectorally, buying was seen in healthcare and IT stocks while public sector, utilities, telecom and realty stocks saw some selling pressure.
Hero MotoCorp, Ambuja Cements among 5 stocks with top short-covering
Short-covering refers to the buying of shares to close an existing short position or a position that has been sold. It signals a shift in the view regarding a security from extreme bearishness to bullishness. In Wednesday's trading session, five stocks saw top short-covering. Here's the list:
Muthoot FinCorp NCD opens for subscription. Effective yield up to 9.75%
Muthoot FinCorp plans to raise Rs 300 crore through XVI Tranche III series, which will close on January 25, a release said. The secured NCDs issued under Tranche III have been rated at AA-/ Stable by Crisil and are proposed to be listed on the debt market segment of BSE.
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