Thu, Feb 8, 2024 6:14 PM
SBI likely to sell shares in Yes Bank via block deal
A Flip by Shubhangi Gupta
The stock fell 6.2% to $140.14 in New York, marking the biggest single-day decline in four months. Though the Nvidia’s latest announcements gave an upbeat view of the company’s long-range prospects, there wasn’t as much near-term upside as some investors had sought. “Nvidia’s announcements today are significant, but long-tailed,” Stifel Financial Corp. said in a report.
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LKP Research's research report on JNK IndiaJNK India Ltd (JNK) is a leading player in India’s heating equipment sector, holding a market share of ~ 27% and serving diverse industries, including oil & gas refineries, petrochemicals, and fertilizers. With a strong order book and revenue growth of ~4x since FY21, and is expected to deliver sales/PAT CAGR of 25%/23% over FY24-27E.
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📌YES Bank | Buy at ₹19.60-19.40 | Target: ₹21.20 | SL: ₹18.70. 📌Aartech Solonics | Buy on dips at ₹88.50 | Target: ₹94 | SL: ₹86.40. 📌Fiberweb (India) | Buy at ₹57 | Target: ₹62 | SL: ₹55 on a closing basis. 📌Sutlej Textiles and Industries | Buy at ₹62.50 | Target: ₹68.5 | SL: ₹60.5. 📌Lloyds Engineering Works | Buy in ₹84-86 range | Target: ₹90, ₹94, ₹100+ | SL: ₹82.
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