Thu, Feb 8, 2024 2:53 PM
Global stocks hit two-year highs, as dollar eases
A Flip by Shubhangi Gupta
Domestic brokerage Nuvama Institutional Equities raised its target price on Phoenix Mills after the mall operator reported a 28.6-percent surge in net profit for the quarter ended March.Phoenix Mills reported a consolidated net profit of Rs 326.73 crore for the March quarter, as compared to Rs 254.08 crore in the same period of the previous year.Revenue surged 79.1 percent to Rs 1,305.95 crore.
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Shares of the company have gained about 40 per cent in the last six months. Garden Reach Shipbuilders & Engineers Limited (GRSE) has been awarded a contract by the People's Republic of Bangladesh for the construction of a trailing suction hopper dredger. The dredger will have a hopper capacity of 1000 cubic meters and will come with spare parts.
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From New York to London to Tokyo, if there’s one similarity among the world’s equity markets it’s this: record highs.Of the world’s 20 largest stock markets, 14 have hit all-time highs recently. The MSCI ACWI Index, which tracks developed and emerging markets, has been on a record-breaking run, setting another new high on Friday. In the US, the S&P 500 and Nasdaq 100 indexes hit records.
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