Tue, Apr 23, 2024 10:18 AM
RIL’s stellar Q4 performance delights street, spurs brokerages to raise TP
A Flip by Avya Verma
IndiGo share price experienced a sharp rise of 5 per cent in intra-day trade on Tuesday, December 24, driven by a bullish call from domestic brokerage Elara Securities. The brokerage house, in a report dated December 21, upgraded IndiGo’s rating to ‘Buy’ from ‘Sell’ and raised the target price to ₹5,309, indicating a 20 per cent upside from the last close of ₹4,440.50.
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Bitcoin prices witnessed a remarkable surge in 2024, recording a rally of over 140% as the largest cryptocurrency reached an all-time high of $108,353 earlier this month. Despite this impressive performance, another commodity has outshone Bitcoin in terms of returns this year—cocoa, the primary ingredient in chocolate. Cocoa prices recently soared to a historic peak of over $12,900 per tonne.
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The Federal Reserve achieved a rare economic soft landing in 2024, using elevated interest rates to lower inflation without triggering a recession, but Fed Chair Jerome Powell remains concerned about stubborn price pressures, expecting cautious rate cuts in 2025 amidst uncertainty over President-elect Donald Trump's policies.
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