Fri, Feb 2, 2024 9:55 AM
Budget: Govt puts off equity infusion in state oil companies!
A Flip by Avya Verma
Intel (NASDAQ: INTC), which hopes to regain its once-powerful position on the chip market, has made an important hire for a critical manufacturing unit. It chose a veteran in that industry, and investors rewarded the company by pushing its stock more than 2% higher on Monday. That performance looked good when compared to the flat trajectory of the S&P 500 index on the day.
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Long-term investing is one of the keys to sustainable returns in the stock market. This strategy overlooks near-term volatility, giving time for company's fundamental qualities to shine through. With shares up by almost 20,000% over the previous decade, Nvidia is an excellent example of these principles. Let's see if the chipmaker has what it takes to continue beating the market over next 3 years.
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Shares of Karur Vysya Bank rallied 3.3 percent to Rs 193.6 apiece on May 14 after it reported a steady January-March quarter (Q4FY24) performance. Analysts at Kotak Institutional Equities maintained a 'buy' call post Q4 results and raised target price to Rs 215 per share from Rs 195, indicating an upside of 11 percent from current levels. Karur Vysya Bank reported 35 percent year-on-year (YoY).
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