US stock market
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Broker’s call: Bikaji Foods (Add)
Target: ₹760
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Will IREDA Q1 performance justify stock rally?
Today, the Indian Renewable Energy Development Company (IREDA) will declare its quarterly results for the period ended June 2024. This would be the first PSU company to announce its financial performance.
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Systematix: Hold on Praj Industries, TP raised to ₹729 on sustainable aviation fuel focus
Systematix, a brokerage house, has advised maintaining a Hold rating on Praj Industries despite the company’s stock price surging approximately 40 per cent since June 01, 2024. They have revised Praj’s target price upward to ₹729, up from ₹607, based on a projected FY26E price/earnings multiple of 30, reflecting optimism around the company’s shift towards sustainable aviation fuel (SAF) and its global expansion strategies in decarbonization solutions.
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Musk says he\’s working on Chapter 4 of Tesla\’s grand plan
Musk said on Monday that he has begun work on the next phase of Tesla\’s Master Plan series, known as Part 4, the third part of which was announced last year.
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Titagarh Rail Systems commences production for Bangalore Metro Phase 2
Titagarh Rail Systems Ltd (TRSL) has commenced the production of trainsets for Bangalore Metro Rail Corporation Ltd’s (BMRCL) Phase 2 Yellow Line project, as part of a contract with China Railway Rolling Stock Corporation (CRRC).
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Indian equity markets see FPIs’ buying interest, trim net outflows
Foreign Portfolio Investors (FPIs) halted their equity selling spree, becoming net buyers in the cash market this past week as equity markets stabilized post-poll volatility and rallied to new all-time highs, driven by expected policy continuity and an upgraded GDP growth forecast from the RBI.
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Mutual Fund houses launch thematic funds on booming manufacturing sector
The mutual fund industry is all set to ride the manufacturing wave as a theme for investment. The Prime Minister-led National Democratic Alliance is forming the government for the third time in a row and vowing to continue incentive policies to boost corporate investments.
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F&O Strategy: GAIL (India): Bull call spread
The stock of GAIL (India) (₹221.83) finds an immediate support at ₹209. A major support is at ₹166. The short and long-term outlook appears bright. If the current trend sustains, the stock has the potential to reach ₹261 and for that it should not break ₹194. We expect the momentum to continue for GAIL (India).
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Tough Nvidia! AMD Su Zifeng’s latest statement: We are now at the beginning of the AI big cycle
AMD will launch the MI325 X this year, the MI350 series in 2025, and the MI400 series in 2026