Fri, Feb 2, 2024 10:08 AM
Stocks in news: IndiGo, Tata Motors, Titan, Paytm, Hero MotoCorp
A Flip by Avya Verma
As MSCI Equity Indexes is set to announce Index rejigs for May, Nuvama Alternative and Quantitative Research expect stocks including 📌NHPC, 📌Indus Towers, 📌Policy Bazaar and 📌Phoenix Mills to enter the MSCI Global Standard Index. India’s weightage in the MSCI Emerging Market Index is also set to increase to 20% by the second half of 2024.
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Alibaba (NYSE: BABA) stock has started to show signs of recovering after falling to new lows last year. In the past month, share prices have jumped 19% and could be headed for more gains. Bank of America analysts recently maintained a buy rating on the stock but lowered the price target from $102 to $99. However, that still implies an upside of 17% over the next 12 months over the CMP.
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Over the past decade the Nasdaq-100 Technology Sector has climbed 416%, significantly outperforming the S&P 500 (which rose 178%). All five of the world's most valuable companies are tech firms, including Microsoft, Apple, Nvidia, Alphabet, and Amazon. Here are two top tech stocks that could make you a millionaire: 💰Advanced Micro Devices 💰Alphabet.
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