JP Morgan maintained its overweight rating on Dalmia Bharat with a target price of Rs 1845. Proposed acquisition at attractive valuations which will give Dalmia a pan-India footprint, it said.

Incorporated in 1998, Landmark Cars is a leading premium automotive retail business in India with dealerships for Mercedes-Benz, Honda, Jeep, Volkswagen and Renault. It also caters to the commercial vehicle retail business of Ashok Leyland.

We are comfortable owning businesses where we could see a reasonable path to profitability and make sense from a capital efficiency standpoint. This has led us to avoid investment in some of the new age companies,said Vinit Sambre, head of equities at DSP Mutual Fund.

Still, the inflation is way above the target levels, and the geopolitical situation is also unstable, so I would not be surprised if the volatility persists.

Globally, the technical position of the markets post the Q3-22 weakness, was supportive of a bear market rally going in to Q4-22 driven by earnings commentary and economic data which though weakening, are yet not in recession territory.

Country’s largest IT services exporter Tata Consultancy Services declined for the seventh straight day. Provisional data showed a marginal increase in net open interest in December as well as January contracts.

The stock bounced after a few days of consolidation and rose to a 52-week high. A rise in volume indicates that major market participants were in favour of the bulls. The key technical indicators are positively poised.

We have collated stocks from various experts for traders who have a short-term trading horizon.

Demand from corporate travel remains robust and it continues to be the highest contributor to room nights sold. The contribution of the retail segment has also grown significantly. Going ahead, the management sees a significant improvement in consumer sentiment and expects Leisure and corporate travel to continue gaining traction.

Badenoch will meet her counterpart minister of commerce and industry Piyush Goyal in person for the first time, aiming to strengthen ties between the two countries and reinvigorate talks on an ambitious bilateral trade deal. She will address both teams of senior negotiators ahead of the sixth round of formal Continue Reading