Fri, Feb 9, 2024 2:36 PM
Chris Wood of Jefferies buys Airtel to pare stake in RIL, HDFC Bank
A Flip by Avya Verma
Motilal Oswal retained its 'Buy' rating on JSW Infrastructure, with a revised price target of ₹375 per share, implying a 21% upside from current levels, driven by the company's strong growth prospects and capex plans to expand cargo handling capacity. Motilal Oswal retained its 'Buy' rating on JSW Infrastructure, with a revised price target of ₹375 per share, implying a 21% upside.
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The quarterly NSE indices rejig will see no major changes or significant volume impact, as per Nuvama Institutional Equities. The Nifty Indices quarterly rejig for the December 2024 review is scheduled for December 30. The few counters, from the CPSE, Nifty 50 and Nifty Bank indices, that will see the most changes in passive inflows.
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The Indian cement industry must significantly improve its profitability, with EBITDA needing to exceed Rs 1,000 per ton to justify the bare minimum return on capital employed (ROCE) for future investments, according to a report by IKIGAI Asset Manager. Achieving this profitability threshold would require substantial pricing support, underscoring the sector.
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