Thu, Sep 14, 2023 11:10 AM
Indian rupee rises 8 paise to 82.93 against US dollar
A Flip by Avya Verma
JP Morgan upgraded Kotak Mahindra Bank (KMB) to overweight from neutral, citing supportive valuations post recent RBI actions and senior management departure. The target price has been raised to Rs 2070 per share, marking a 34 percent increase from the last close. JP Morgan stated that the impact after RBI action on F25/26 growth should be minimal.
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Energy companies aren't always the flashiest, but they can be great investments if you buy the right one at a solid price. NextEra Energy (NYSE: NEE) has been very lucrative for a long time. The stock has generated over 15,000% in total returns over its lifetime. Notably, a tremendous wild card in U.S. infrastructure could impact the nation's electricity demands, creating ripe conditions.
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Brookfield Renewable (NYSE: BEPC)(NYSE: BEP) has done a magnificent job over the years delivering a growing dividend to its investors. The leading renewable energy producer has increased its payout at a 6% compound annual rate since its inception in 1999. That steady growth has helped push its dividend yield up to 5%.
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