Anand Rathi expert recommends three shares to buy on June 18
Sun, Jun 16, 2024 1:40 PM

Anand Rathi expert recommends three shares to buy on June 18

Indian benchmark equity indices Sensex and Nifty 50 closed positively on Friday. By keeping this in mind Anand Rathi's stock picks for June 18 are: 📌Birla Corporation Ltd: Buy at ₹1560-1580 | Target Price: ₹1750 | Stop Loss: ₹1400. 📌HCL Tech: Buy at ₹1445 | Target Price: ₹1550 | Stop Loss: ₹1390. 📌GMM Pfaudler Ltd: Buy at ₹1355 | Target Price: ₹1420 | Stop Loss: ₹1300.

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Virgin Galactic Stock: Buy, Sell, or Hold?
Sun, Jun 16, 2024 1:37 PM

Virgin Galactic Stock: Buy, Sell, or Hold?

Virgin Galactic has $800 million in cash and marketable securities, down from $910 million in 2023, which it's using to fund its capital investment program. The company expects to burn through its cash before its Delta-class spacecraft is launched in 2026, and it has a $425 million convertible security note due in 2027. Despite this, the company believes its Delta spacecraft will be profitable.

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3 Breakout Growth Stocks You Can Buy and Hold for the Next Decade
Sun, Jun 16, 2024 1:36 PM

3 Breakout Growth Stocks You Can Buy and Hold for the Next Decade

3 high-growth stocks to consider for the next decade are: 📌Super Micro Computer's revenue and earnings grew 37% and 115% in fiscal 2023, with expected growth of 110% and 102%. 📌CrowdStrike's revenue and adjusted EPS grew 36% and 101% in fiscal 2024, with expected growth of 30-31% and 27-30%. 📌Duolingo's revenue rose 44% in 2023, and analysts expect growth of 38% and 357%.

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Forget Agree Realty, Buy This Magnificent REIT Stock Instead
Sun, Jun 16, 2024 1:35 PM

Forget Agree Realty, Buy This Magnificent REIT Stock Instead

Agree Realty, a net-lease REIT, has increased its dividend annually for nine years, with a 6% compound annual dividend growth rate. However, Realty Income, a larger net-lease REIT, has a superior dividend record, with 30 consecutive years of annual dividend increases and a 4% annual dividend growth rate. Realty Income's larger scale provides benefits, including easier access to capital markets.

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2 AI Stocks to Buy Now That Could Make You a Millionaire
Sun, Jun 16, 2024 1:31 PM

2 AI Stocks to Buy Now That Could Make You a Millionaire

Salesforce CEO Marc Benioff predicts the AI wave will be the biggest technology wave ever. Two AI leaders, 📌Palantir Technologies and 📌Advanced Micro Devices, are poised for significant growth. Palantir's AI platform has secured a $153 million contract with the Department of Defense and is seeing 21% revenue growth year over year. Advanced Micro Devices aims to capture market share from Nvidia.

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Delhi development body likely to start handing over EWS flats from July
Sun, Jun 16, 2024 1:30 PM

Delhi development body likely to start handing over EWS flats from July

Delhi Development Authority will issue possession letters to 1,078 allottees of EWS flats at Jailorwala Bagh from July, with beneficiaries contributing Rs 1.4 lakh per flat, significantly lower than the construction cost of Rs 25 lakh per flat. The project includes modern amenities and community facilities, with a total residential built-up area of 67,000 sqm.

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Focus needs to be on investment-led inclusive growth: CII President
Sun, Jun 16, 2024 1:28 PM

Focus needs to be on investment-led inclusive growth: CII President

CII President Sanjiv Puri emphasized the need for investment-led inclusive growth, citing India's 8.2% growth in FY24 despite global challenges. He highlighted the importance of increasing private sector investment, which has risen to 23.8% of GDP, surpassing pre-Covid levels. Puri also stressed the need for India to integrate deeper into global value chains, leveraging the China+1 strategy.

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Income tax relief for those in lowest slab: CII
Sun, Jun 16, 2024 1:11 PM

Income tax relief for those in lowest slab: CII

The CII suggests considering income tax relief for low-income earners in the upcoming 2024-25 budget, citing high inflation. The industry body also recommends simplifying tax structures, rationalizing capital gains, and reducing customs rates. CII estimates inflation to be around 4.5% this year, and expects the RBI to cut interest rates in the second half of the financial year.

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Nvidia's 10-for-1 Stock Split Is Over. Here's What's Next for the Stock.
Sun, Jun 16, 2024 1:09 PM

Nvidia's 10-for-1 Stock Split Is Over. Here's What's Next for the Stock.

Nvidia's stock has surged nearly 800% in the past year, driven by its leading position in artificial intelligence (AI) and graphics processing units (GPUs). The company's data center segment, which includes AI processors, grew 217% to $47.5 billion in fiscal 2024. With a market cap of over $1 trillion, Nvidia's stock split has added nearly $1 trillion to its value.

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Got $5,000? 3 Tech Stocks to Buy and Hold for the Long Term
Sun, Jun 16, 2024 1:08 PM

Got $5,000? 3 Tech Stocks to Buy and Hold for the Long Term

3 tech stocks are poised to benefit from the AI boom: 📌Nvidia, 📌Taiwan Semiconductor Manufacturing, & 📌ASML. ⏩Nvidia's GPUs power AI training and inference, with a forward P/E ratio of 48. ⏩Taiwan Semiconductor Manufacturing expands capacity, with a forward P/E ratio of 27. ⏩ASML makes equipment for chipmaking, with a forward P/E ratio of 49, expected to drop to 32 with surging revenue.

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Apple Stock: Buy, Sell, or Hold?
Sun, Jun 16, 2024 1:07 PM

Apple Stock: Buy, Sell, or Hold?

Apple's stock hit an all-time high after unveiling Apple Intelligence, expanding into the generative AI market. In its latest quarter, Apple generated 51% of its revenue from iPhone sales and 26% from services. Despite declining iPhone and Mac sales, Apple's services revenue grew 13% year-over-year. With $162 billion in cash and equivalents, Apple has room for investments, acquisitions.

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FPIs inject Rs 11,730 crore into Indian stocks amid upbeat market signals
Sun, Jun 16, 2024 12:37 PM

FPIs inject Rs 11,730 crore into Indian stocks amid upbeat market signals

Foreign investors injected a net Rs 11,730 crore (USD 1.4 billion) into the Indian market in the week ending July 14, reversing a previous outflow of Rs 14,794 crore. The inflow was driven by positive domestic and global market signals, including lower US inflation and a stable Indian government. This brings the net outflow for the month to Rs 3,064 crore.

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Proposal to extend Delhi metro's red line approved
Sun, Jun 16, 2024 12:34 PM

Proposal to extend Delhi metro's red line approved

The Public Investment Board has cleared the Delhi Metro corridor proposal, valued at ₹6,231 crore, which will connect Delhi, Uttar Pradesh, and Haryana, ensuring seamless inter-state connectivity. The Delhi portion, estimated at ₹5,685 crore, will be borne by the central government (40%), DDA (₹1,000 crore), and bilateral/multilateral loans (37.5%).

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Greater Noida authority hikes land allocation rates by 5.30% in FY25
Sun, Jun 16, 2024 12:34 PM

Greater Noida authority hikes land allocation rates by 5.30% in FY25

The Greater Noida Industrial Development Authority (GNIDA) has approved a 5.30% increase in land allocation rates for 2024-25, effective from April 1. The rate hike is described as "modest" and will apply to industrial, residential, commercial, institutional, and builder properties. The authority has also revised its one-time lease rent payment scheme, and approved additional Floor Area Ratio.

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PDST Stock Rallied 20% in Just 1 Day, Hits Upper Circuit, and 52-Week High
Sun, Jun 16, 2024 12:33 PM

PDST Stock Rallied 20% in Just 1 Day, Hits Upper Circuit, and 52-Week High

On Friday the share of Paras Defence and Space Technologies opened at Rs 971.25 per share, compared to Thursday's closing figure of Rs 964.40 per share on the BSE. Finally, the shares closed the day at Rs 1157.25 per share on the BSE. The stock has reached the upper circuit price limit of 20 per cent, reflecting strong demand in the market with no sellers willing to offer shares.

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