HDFC Securities’ momentum pick; IRB Infrastructure, EID Parry
Here is a look at some of the top recommendations from HDFC Securities –
Irb Infrastructure Developers
Analysts at the HDFC Securities see 7% upside potential in Irb Infrastructure stocks and recommended investors to buy the scrip at an upside target of Rs 34.50, in its brokerage report. “The overall bullish chart pattern of the stock price indicates long trading opportunity. One may look to buy as per the levels mentioned above,” said the HDFC Securities’ report.
Meet the South Indian superstar with Rs 1,650 crore net worth, a 25,000 sq ft mansion, a private jet, and more – No, it’s not Rajinikanth, Prabhas, and Allu Arjun Raksha Bandhan 2024 Date: Know the history, significance, and importance of the festival PEB manufacturers to record revenue growth of 10-12% this fiscal and next, driven by strong demand, says CRISIL EPFO Update: No interest on PF deposits; stricter transfer, withdrawal norms for TH…
Infosys shares tank 4% following Q2 results; Should you buy, sell or hold the stock-
Infosys share price tanked 4.46% to Rs 1,400 during the early trade on Friday, a day after the IT giant announced a 3.2% growth in its second-quarter net profit to Rs 6,212 crore year-on-year. The company’s revenue from operations in the July-September quarter jumped 7.5% year-on-year to Rs 11,963 crore from Rs 11,126 crore. The company also announced an interim dividend of Rs. 18 per equity share. The stock price of Infosys has fallen 3.67% in the last 5 days, and 5.11% in the last one month, while it has gained 2.47% in the last six months and 0.29% in the last one year.
Should you buy, sell or hold Infosys shares?
Jefferies: BUY – Target Price : Rs 1,650 Come from Sports betting site VPbet
“Infosys’ 2Q growth and margins beat estimates and net new order book of $3.7 billion was impressive, yet management cut FY24 growth guidance by 100bps to 1.0-2.5% Y…
Ola IPO- Jackpot for Tiger & Z47
Tiger Global and Z47 (formerly Matrix Partners India), which bet on Ola Electric Mobility at a very early stage, are set to make multibagger returns, with the company pricing its initial public offering (IPO) at a price band of Rs 72-76 per share.
At the upper end of the band, founder and promoter Bhavish Aggarwal’s 36.94% stake in the company is worth Rs 10,350 crore. Aggarwal will offload 37.9 million of his total holding of 1,361.9 million shares.
The Rs 6,100-crore IPO, through which fresh capital worth Rs 5,500 crore will be raised, will open for subscription on August 2 and close on August 6. At Rs 76, Ola will be valued at Rs 33,500 crore (approximately $4 billion).
Stocks To Watch: Tata Steel, Bharti Airtel, HPCL, ACC, RVNL IPOs head for an august month: Issues worth Rs 22,000 crore set to hit the market Sebi to widen the net to curb insider trading Suzlon Energy receives warning from NSE; shares up for 7th straight day Come from Exchanges and brokers focused on retail traders are expected to be most affected by the Securities and Exchange Board of India’s (SEBI) proposed changes to Futures & Options (F&O) trading rules, according to equity analysts Jayant Kharote and Prakhar Sharma at Jefferies. SEBI announced seven key amendments to the derivatives trading framework on Tuesday, aimed at bolstering investor protection and market stability. Analysts believe that clearing members like Nuvama, which cater to institutional players such as high-frequency trading (HFT) firms and foreign portfolio investors (FPIs), might experience minimal direct impact. Also Read However, there could be secondary effects, such as the removal of the Bankex weekly contract on the BSE, which could reduce earnings per share (EPS) by 7-9%… It’s no secret that beloved director Taika Waititi is working on a Star Wars movie, but we’ve learned virtually no information regarding what to expect from the new film since the project was revealed back in 2020. However, Waititi has finally opened up just a bit about his vision for the future of a galaxy far, far away. “Look, I think for the Star Wars universe to expand, it has to expand,” Waititi told Total Film (via GamesRadar). “I don’t think that I’m any use in the Star Wars universe making a film where everyone’s like, ‘Oh great, well that’s the blueprints to the Millennium Falcon, ah, that’s Chewbacca’s grandmother.’ That all stands alone, that’s great, though I would like to take something new and create some new characters and just expand the world, otherwise it feels like it’s a very small story.” Come from Sports betting site VPbet By the sounds of it, Waititi has plans to tell some fresh stories i… Streamer and content creator Ali “SypherPK” Hassan will be the latest Fortnite-related personality to put his own digital skin in the game when his Icon Series outfit and accessories hit the Fortnite Item Shop next weekCome from Sports betting site VPbet. SypherPK getting his own set of cosmetics puts him in rarified air, joining the likes of Kathleen “Loserfruit” Belsten, Tyler “Ninja” Blevins, and most recently Maria “Chica” Lopez in Fortnite’s Icon Series. Like the other content creator sets, SypherPK’s will feature his outfit, the Oni’s Curse back bling, Sypher’s Scimitar pickaxe, and the Sypher’s Strut emote. You’ll be able to grab them separately or in a bundle when they arrive in the item shop at 8pm ET on September 22. The outfit is rather robust in terms of features, coming with a default style that’s essentially just SypherPK in real life along with both reactive and non-reactive gho… In the Netherlands and 28 entities have reportedly applied for licenses to participate in the nation’s coming regulated online gaming market by being given permission to legally launch their services for local punters from the first day of October. According to a report from iGamingBusiness.com, the revelation from the Kansspelautoriteit (KSA) gaming regulator comes after the country of some 17.5 million inhabitants passed legislation in February of 2019 that will see iGaming firms licensed for the first time under a strict set of consumer protection and anti-money laundering protocols. The source detailed that every one of these enterprises are moreover being obliged to hand over a €48,000 ($57,700) licensing fee and agree to integrate their domestic operations with the country’s coming Centraal Register Uitsluiting Kansspelen (CRUKS) self-exclusion system and CBD remote monitoring database. Care commitment: The state-run watchdog reporte… Following an investigation by Crown Resorts into allegations that its chief executive, Ciaran Carruthers, permitted patrons to re-enter its Melbourne casino after being removed by the security, the said firm can say that the aforementioned chief executive didn’t break any regulation or law, as reported by the Australian Financial Review (AFR). Investigation: Reportedly, commenting on the investigation, in a memo to his employees, Bill McBeath, president of Crown Resorts, commented that the said investigation discovered that “no regulations or laws were breached,” as mentioned above. However, he also said the Board had also started a wider consideration of the firm’s security procedures and policies “to ensure clearer lines of authority and accountability over operational decision-making in our properties.” Relatedly, the Australian Financial Review first revealed in the last month of 2023 that an investig… Playtech will deploy its range of live casino, iCasino and table games with Boyd Interactive Gaming, the digital arm of Boyd Gaming Corporation in the United States, and specifically through the Stardust-branded online casinos that the company operates in the country. The partnership is hailed as an important milestone in both companies’ ambitions for the US market, as Playtech has been doubling down on its local presence while Boyd Gaming is preparing to secure a larger share of the market in anticipation of online casino expansion across various states. Presently, Boyd’s Stardust online casinos are available in New Jersey and Pennsylvania, which are the states with the highest participation of interactive casino players, on the lookout for the best online slots, live and table … In Macau and billionaire businesswoman Pansy Ho Chiu-King (pictured) has reportedly banked approximately $86 million after offloading a 0.4% stake in American casino operator MGM Resorts International. According to a report from GGRAsia, the 58-year-old had held a 1.36% interest in the Las Vegas-headquartered firm but sold slightly over two million stocks last week at an average price of $42.99 to take her remaining investment down to 0.96%. The source detailed that the three-tranche move came a little over two months after Ho had pocketed around $56.7 million courtesy of the similar disposal of a 0.3% stake. Timely transactions: Ho is the daughter of late Macau casino magnate Stanley Ho Hung-Sun and has now reportedly cleared in the region of $397.4 million since November via a series of deals involving an aggregate 2.17% stake in New York-listed MGM Resorts International, which is the parent of Macau casino operator MGM China Holdi…SEBI’s new F&O rules to hit retail-focused exchanges and brokers hard- Here’s What Jefferies Says
Key Amendments and Their Implications
Taika Waititi Speaks About His New Star Wars Movie, Says It's Time To Expand The Universe
Sypher PK's Fortnite Skin Gets Cooler As You Notch More Elims
Dutch regulator processing 28 inaugural iGaming license applications
Crown Resorts Investigation Discovers Its CEO Ciaran Carruthers Didn’t Break Any Regulation or Law
Playtech Teams up with Boyd to Introduce Games to Stardust Casino in US
Boyd to Leverage Playtech’s Diverse Portfolio