← Go back Jan 01, 2024
HDFC Bank: Buy with price target of Rs 1,870 Axis Bank: Buy with price target of Rs 1,125 ICICI Bank: Buy with price target of Rs 1,125 SBI: Buy with price target of Rs 692 Kotak: Hold with price target of Rs 1,940 IndusInd Bank: Buy with price target of Rs 1,640 Federal Bank: Hold with price target of Rs 164 U.S. Dollar Index at 101.33 U.S. 10-year bond yield at 3.88% Brent crude down 0.14% at $77.04 per barrel Nymex crude down 0.17% at $71.65 per barrel GIFT Nifty was at 21,777 as of 07:31 a.m. Bitcoin was up 0.08% at $42,542.36 Dalmia Bharat got a 'buy' with target price Rs 2,800 from Motilal Oswal Company has underperformed the index and cement stocks Underperformance due to delay in acquisition of JPA assets Optimistic long term due to: Plan to increase capacity at 14-17% CAGR upto 2031 Sustainable growth through better mix Maintain net debt to Ebitda at less than 2 times Emkay maintains 'buy' rating for Emami with target price Rs 625 13% upmove last week due to attractive valuations Better focus to aid topline delivery, seasonality is key Expect near-term performance to be muted Winter centric portfolios to support topline Professionals roped in to get the right fit for wider consumer needs Expect mid single digit earnings growth in Q3FY24 Target price based on 31 times PE, in line with 10-year average Century Textiles and Industries: To meet investors and analysts on Jan. 4. Tata Consultancy Services: To meet investors and analysts on Jan. 11 Price band revised from 10% to 20%: PTC India Financial Services. Price band revised from 5% to 20%: Centum Electronics, JBM Auto, KSolves India. Moved into a short-term ASM framework: Mangalam Cement. Moved out of short-term ASM framework : Kiri Industries, NINtec Systems, and PC Jeweller. Nifty January futures up by 0.49% to 21,885.95 at a premium of 154.55 points. Nifty January futures open interest down by 0.7%. Nifty Bank January futures up by 0.25% to 48,628.8 at a premium of 336.55 points. Nifty Bank January futures open interest down by 0.5%. Nifty Options Jan 4 Expiry: Maximum Call open interest at 22,000 and Maximum Put open interest at 21,500. Bank Nifty Options Jan Expiry: Maximum Call Open Interest at 51,000 and Maximum Put Open Interest at 46,000. Securities in ban period: Hindustan Copper.
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