But the thing that really stands out for me at the moment are the things that I am working on, which takes up my time, is essentially the allocations to pharma, IT and FMCG and identifying stocks in that place.
Suzlon Energy Share Price: Shares of Suzlon Energy hit the 5% upper circuit limit for the third consecutive session, reaching a new 52-week high of Rs 86 during Wednesday's trade on the BSE. This rally was fueled by positive investor sentiment following Morgan Stanleys overweight rating on the renewable energy company. The stock experienced high trading volumes, with nearly 13.94 crore shares traded on the NSE, amounting to a total value of Rs 1,173.4 crore.
Zomato Share Price: Shares of Zomato surged 4% to a new high of Rs 283.60 after UBS maintained a buy rating with a target price of Rs 320. The growth optimism follows Zomato's acquisition of Paytm's ticketing business and positive outlooks from Jefferies and JP Morgan. The stock has risen 15.6% over six days.
NBCC shares rose nearly 5% to Rs 183.70 during Thursdays intraday trade on the BSE following the announcement of a significant deal with MTNL. The companies signed a MoU on September 11, 2024, to develop a 13.88-acre land parcel on Pankha Road, New Delhi, into a modern residential and commercial space, with the project valued at approximately Rs 1,600 crore.
Global Macro Strategist Arnab Das from Invesco discusses the synchronized slowdown of major oil consumers and its impact on demand. He anticipates a 25 basis point rate cut by the Federal Reserve, citing persistent inflation in housing costs. Das also comments on the stability of oil prices amid geopolitical tensions and market dynamics.
