Post the December quarter (Q3FY24) results, domestic brokerage house Prabhudas Lilladher remains positive on Banks, Capital Goods, Hospitals, Pharma, New Energy, and Discretionary consumption and underweight on Consumer, Metals, and Auto space. The brokerage increased its base case NIFTY target to 25,363 from 24,544 earlier and advised sticking to companies with clear moats, strong balance sheet.

Nifty pharma index is on an  uptrend and having seen gains of more than 12% year to date, has outperformed Nifty-50 index that has gained 1-2% during the same period. The  gains in the Nifty pharma index has been supported by good performance seen by companies during the December quarter. Most of the companies having exposure to the US markets saw a good growth!

Ekta Kapoor-backed Balaji Telefilms shares have been on an uptrend since early morning dealings. Balaji Telefilms share price today opened upside at ₹138.45 apiece on the NSE and went on to touch an intraday high of ₹143.70 per share level. This intraday high that Balaji Telefilms shares climbed on Monday turned out a new 52-week high for the entertainment stock.

The magnificent rally in semiconductor stock Nvidia in recent days has made the Wall Street stock among the most popular bets for Indians who invest in US stocks. In volume terms, it is the second most popular stock on Vested Finance since the last 6 months with trading volumes of more than $25 million.Volumes have doubled month-on-month and last week it was crowned as the No. 1 trending stock.

RITES shares rallied 5% in trade on February 26 after IIT Bhubaneswar appointed the company as the PMC for the development of a permanent campus in Odisha. At 1.30pm, the RITES stock was trading higher at Rs 796.45 on the NSE, higher by 4.85% from the previous session’s closing price. The estimated project cost, including the PMC fees, is estimated at Rs 414 crore, excluding GST.

The Indian hotel industry is expected to register a revenue growth of seven to nine per cent in the next financial year 2024-25, according to a report by credit rating firm ICRA. ICRA said that sustenance of domestic leisure travel, demand for MICE are the factors which will drive demand in the next financial year, despite a temporary lull during the ensuing general elections.

One97 Communication Ltd, which owns the Paytm brand, is likely to resume lending platform provider operations for digital loans by its partner banks and non-banking financial companies (NBFCs) in the first week of March, people aware of the development told Moneycontrol on February 26. “Initially we had planned to resume operations on March 1, but some discussions are still going on.

One97 Communication Ltd, which owns the Paytm brand, is likely to resume lending platform provider operations for digital loans by its partner banks and non-banking financial companies (NBFCs) in the first week of March, people aware of the development told Moneycontrol on February 26. “Initially we had planned to resume operations on March 1, but some discussions are still going on.

The index witnessed a resolute breakout from the past five week's consolidation and recorded a fresh all-time high of 22,297. On stocks to buy this week, Dharmesh Shah recommended two stocks: 💰Buy Infosys Ltd in the range of ₹1,670-1,710 for the target of ₹1,920 with a stop loss of ₹1,598. 💰Buy Delhivery Ltd in the range of ₹454-470 for the target of ₹540 with a stop loss of ₹437.

By RAs on Stocktwits Last week, the NIFTY50 exhibited notable volatility primarily influenced by global cues. Last Monday, the Nifty50 opened with a gap up at 22,100. Despite reaching a low of 21,875 during the week, it consistently set new all-time highs each day, culminating in a record peak of 22,297.5 during the opening minute on last Friday. 

Infibeam Avenues share price rose 4 percent in the opening trade on February 26 after the financial technology company's board approved acquisition of a 20 percent  stake in the US-based XDuce Corporation. At 9.36 am, Infibeam Avenues was quoting at Rs 35.86, up Rs 1.40, or 4.06 percent, on the BSE. Founded in 2006, XDuce is a leading enterprise app and AI development company.

Medplus Health Services shares added 3% in early trade on February 26 even after the company's subsidiary received a suspension order from Drugs and Control Authorities of Mahabubnagar, Telangana. At 9:37am Medplus Health Services was quoting Rs 710.10, up Rs 20.90, or 3.03 percent, on the BSE. The company received the order on February 23 and estimated a potential revenue loss of Rs 1.63 lakh.

Equity benchmark Nifty 50 hit its fresh record high of 22,297.50 last week and ended almost a per cent higher on the weekly scale. On Monday, February 26, the market benchmark opened lower and traded lacklustre in the morning session amid weak global cues.On the technical front, experts pointed out that the Nifty has broken out of a 45-day consolidation period, indicating a potential upside.

Shares of troubled fintech firm One 97 Communications on Monday rallied another 5% to the day's high at Rs 427.95 on BSE after RBI asked NPCI to look into Paytm's plea to become a third-party application provider for UPI usage. Global brokerage Morgan Stanley has also stood behind Vijay Shekhar Sharma by giving an equal-weight call on the stock.

The breakneck rally in US-based chipmaker Nvidia’s share has made Indian investors richer with Rs 1,699 crore invested via the mutual fund route alone, shows data. Nvidia's stock surged 16 percent on February 22, as the company surpassed Wall Street predictions after announcing its fiscal fourth-quarter revenue of $22.10 billion, a 265 percent year-on-year (YoY) growth.