Fri, Apr 19, 2024 2:04 PM
Aprilia India unveils new range of superbikes; appoints John Abraham
A Flip by Avya Verma
Stock Market Today- Sun Pharmaceutical Industries, Lupin Ltd , Dr Reddy's Laboratories Ltd , Aurobindo Pharma , Cipla Ltd , Torrent Pharmaceuticals , Zydus Lifesciences have seen their stock price rise 27-133% in a year . As most of these companies trade near 52-week highs, Lupin leads the gains with Multibagger return of 133% in a year.
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Wall Street gave a mixed reaction to Caterpillar's (NYSE: CAT) latest earnings report, and it's about as nuanced as you might expect from a highly cyclical stock. For example, Stifel raised its price target to $350 from $293 previously but lowered the rating on the stock from "buy" to "hold." Meanwhile, TD Cowen raised its price target to $340 from $338 and retained a "buy" rating.
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The short-term trend of Nifty is choppy with range-bound action. Any upside from here could encounter strong resistance around 22,800 levels. Immediate support is at 22,550 levels and a slide below the support could trigger some more weakness ahead, Nagaraj Shetti of HDFC Securities said. Open Interest (OI) data showed that on the Call side, the highest OI was observed at 22,700.
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