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Stock Market LIVE Updates
All the sectors are trading in the green in the boom of the market. Auto, pharma, IT, power, oil and gas and realty stocks are seeing gains of 1-2 per cent. The BSE Midcap and Smallcap indices are seeing a gain of 0.7-1 per cent.
Shares of Reliance Industries rose 2 percent, saw a rise after CLSA upgrades rating and raises target
Share price of Reliance Industries (RIL) rose nearly 2 per cent to Rs 2,374.35 on January 31 after foreign research firm CLSA downgraded its rating and target. ‘Buy’ rating and raised the target price from Rs 2,850 to Rs 2,955. “After the sharp fall, the company is now within 15 per cent of our conservative value and presently a good buy opportunity,” the rating agency said. is being made.”
Reliance on January 21 reported a consolidated profit of Rs 18,549 crore for the quarter ended December 2021, up 42 per cent from Rs 13,101 crore in the same quarter a year ago. The company had a profit of Rs 13,680 crore in the September 2021 quarter.
Eicher Motors is the biggest example of this. Those who would have invested money in this stock 10 or 20 years ago and have been patient till now, they would have got huge returns of their investment. Let us inform that on 25 January 2002 this stock closed at Rs 3.18. At the same time, on 28 January 2022, this stock closed at Rs 2618 on NSE. That is, in this 20-year period, this stock has shown an increase of 82,225 percent.
Like any other auto stock, the stock of Eicher Motors has been seen trading negative from the sideways in the last one year. The stock has been hit due to the Corona pandemic. The stock has lost 1 per cent in the last one month. Whereas it has run 0.50 percent in 6 months, while in the last 1 year, this stock has fallen by about 8 percent from Rs 2842 to Rs 2618. In the last 5 years, this stock has increased from Rs 2340 to Rs 2618. It has seen an increase of about 12 percent in this period. However, if you look at the stock over the last 5 years, it has performed well.
Opinion of the brokerage house of KOTAK MAHINDRA BANK
JEFFERIES has a Buy rating on KOTAK MAHINDRA BANK and has a target of Rs 2560 for the share. He says that profits in the third quarter have been slightly lower than expected. Loan growth and asset quality numbers have been encouraging.
CLSA has upgraded rating on KOTAK MAHINDRA BANK to buy rating and target of the stock is Rs 2300. He says that there has been a strong performance in Q3 and the loan growth has been 8% on a quarterly basis. There is a possibility of faster growth as compared to other banks. At the same time, loan/core PPoP growth is expected to be 23% in FY22-24 on a year-on-year basis.
NOMURA has given Neutral Rating on KOTAK MAHINDRA BANK and has a target of Rs.2060. He says weak core PPoP growth, low provisioning have supported profits. The prospects for further growth in loans and NIMs are slim. CS has given Neutral Rating on KOTAK MAHINDRA BANK and has a target of Rs.2000 for the stock. They say they have increased the EPS estimate for FY22/23/24 by 3%/4%/4%. However, we will remain neutral on this due to stock valuation.