Vedanta Ltd shares surged upto 5% on Wednesday after BofA Securities upgraded the stock to Buy from Neutral and raised its target price sharply to Rs 840 from Rs 480. The brokerage turned positive on the back of a stronger outlook for aluminium and supportive silver prices, along with an estimated FY27 dividend yield of over 6%.
Gold reclaimed the Rs 1.6 lakh mark while silver surged Rs 7,200 on the MCX amid tariff uncertainty and geopolitical tensions. Experts expect continued volatility, with support from global cues and dollar movement, while advising cautious trading strategies as markets react to evolving macroeconomic and geopolitical developments.
Eternal, once a star stock, faces a slump. Competition in food delivery and quick commerce intensifies. Valuations were high, and a leadership change added uncertainty. While core businesses improve, investors seek predictable earnings. The company's strong cash position offers long-term support. Analysts suggest cautious accumulation.
With improving earnings visibility and more reasonable valuations, investors can deploy fresh capital in diversified equity strategies. Multi-cap and flexi-cap funds are well-positioned to capture opportunities across market segments. Broad-based growth is expected, driven by government initiatives and potential trade deal benefits.
Indian solar manufacturers like Waaree Energies and Vikram Solar faced significant stock drops after the US imposed hefty preliminary duties of up to 126% on imports from India. Citing unfair subsidies, these tariffs could severely limit access to the crucial US market for Indian companies, impacting their export-oriented businesses and investment plans.
In the Nifty500 pack, 12 stocks' close prices crossed below their 200 DMA (Daily Moving Averages) on February 24, according to stockedge.com's technical scan data. Trading below the 200 DMA is considered a negative signal because it indicates that the stock's price is below its long-term trend line. The 200 DMA is used as a key indicator by traders for determining the overall trend in a particular stock. Take a look:
Indian markets saw a strong rebound as tech stocks, particularly those in AI, led the charge. Investors embraced a 'buy on the dip' strategy, shrugging off concerns about AI's disruptive potential. Major indexes posted solid gains, with semiconductor firms and companies like Advanced Micro Devices and Keysight Technologies seeing significant boosts.
AI company Anthropic's blog post triggered a significant sell-off in Indian IT stocks, causing benchmark indices to fall sharply. The Nifty IT index plunged 4.7%, reflecting investor anxiety over AI's potential to automate legacy system maintenance, as seen with IBM's substantial decline. Analysts anticipate further downside for the IT sector.
Indian flexible workspace companies are seeing robust revenue growth and better profits. This is due to strong demand from large businesses and global centers. Companies are shifting to flexible office spaces across multiple cities. Occupancy rates are high, and more centers are becoming profitable. This trend is expected to continue, driving further expansion and stability in the sector.
