📉 HCL shares gained 3% during the day but failed to sustain the gains and ended up at 0.2% at ₹1,101.80 on Friday.
Investec, Credit Suisse, CLSA, ICICI Securities and Nomura have reduced target prices by 2-13%.
Over the past month, the Indian market has been dilly-dallying around the ground of the all-time range. Nifty50 is trading within a broad range of 1000 points, between 21,800 to 22,800. Although the market lacks a clear direction, it shows a positive trend as there has been no loss in investor value. The country’s total market capitalisation was sustained up by 2%, from Rs. 394 trillion.
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JSW Steel expects to improve margins in the ongoing fiscal year, driven by cooling input costs, rising steel prices, and enhanced operational efficiencies, Jayant Acharya, joint managing director and chief executive, said."We had a strong financial year (FY24) in spite of Q4 challenges. We expect that FY25 will continue to be good as well," Acharya told Mint.
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Can you become a millionaire by investing in Energy Transfer (NYSE: ET) stock? Absolutely. Over the long term, shares have proven a terrific investment. And given the company's unique asset base, there's a good chance this performance will be repeated in the years to come.There's only one catch: If you don't invest in this stock in a certain way, you may forfeit your chance of reaching the $1 mn.
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