Month: June 2025

[ad_1] JP Morgan has an overweight rating on Reliance Industries with a price target of Rs 1,568. Analysts feel that RIL’s Earnings in the next two years should be better than the last two. They said that RIL’s stock price has felt the pressure of large earnings cuts driven by weaker commodity EBIT (earnings before interest and taxes). This should not recur (given the already low margins). Consumer business growth should translate better to bottom-line, helping relative performance.Motilal Oswal Financial services has downgraded Bharti Hexacom to neutral with the target price at Rs 1,900 as analysts feel the risk-reward for the stock is no longer attractive. They said that since they started their coverage of the stock in Mar ch 2-25, the stock has delivered 40%+ returns. Given that Bharti Hexacom provides a pure-play exposure to Bharti's fast-growing India wireless […]

[ad_1] Investor confidence appears shaken, resulting in substantial paper losses for Musk's personal Tesla shareholding, dropping $20 billion in a single day. (AI image) Tesla share price crash: Elon Musk and Donald Trump’s escalating spat has wiped out a whopping $150 billion from Tesla’s market cap. Tesla's share price crashed over 14% as shareholders hastily sold their positions during an escalating verbal dispute between the US President Donald Trump and the Tesla CEO Elon Musk, who is currently the wealthiest individual globally. The day's trading concluded with Tesla's market value reduced by $150 billion, an amount that exceeds the total market capitalisation of Starbucks and several other major US-listed corporations!Following Donald Trump's election, investors poured vast sums into Tesla shares, prioritising political considerations over financial performance.The consequences of this strategy became evident on Thursday when within three hours, the situation […]

[ad_1] BRESCIA: Commerce and industry minister Piyush Goyal on Thursday suggested an exclusive Italian enclave, complete with schools and hospitals, in one of the industrial towns as he sought to woo investors to set up businesses in the country.Goyal said the industrial town in Chhatrapati Sambhajinagar, where Maharashtra govt is eyeing an expansion over 5,000 acre, or proposed one near Dighi port could be dedicated for the purpose. Besides, he said Italian companies could decide to set up the enclave in other industrial towns that are coming up, including in South India and places such as Gaya."You can have all the social infrastructure so that your engineers, managers who come to India feel at home. You can have your own schools, hospitals, hotels and restaurants," he said, while addressing Italian companies here. In the past, govt has sought to woo […]