Vodafone Idea's shares fell despite ongoing talks with the government for AGR relief, highlighting the company's financial struggles. CEO Akshaya Moondra emphasized the need for pricing reforms and government support, following a Supreme Court setback. Nuvama brokerage has reduced the share price target to Rs 7.
Rohit Beri of ArthAlpha Investment Advisors presents a bullish outlook on Indian equities, projecting a $10 trillion market capitalization by 2030. He advises investors to remain cautious amid current market volatility, focusing on sectors like capital goods, infrastructure, and renewables for long-term growth. For high-net-worth individuals, he recommends a strategy balancing capital preservation, growth, and tactical agility.
Since assuming power after toppling Assad, Syria's interim President Sharaa has achieved international recognition and sanctions relief. However, he faces immense challenges in unifying the fractured nation, rebuilding institutions, and reviving the devastated economy. Sectarian violence and the integration of diverse political entities further complicate the path towards stability and lasting peace, requiring inclusive governance and trust-building measures.
Aptus Value Housing shares are under the spotlight as Westridge Investments plans a Rs 1,495 crore block deal to sell a 9.8% stake. The company reported a 26% rise in Q4 net profit and strong growth in assets and disbursements. Analysts maintain a Buy rating with an average target price of Rs 388, indicating 15% upside potential.
In the Nifty200 pack, four stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on June 2, according to stockedge.com's technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend. Take a look:
Blue Water Logistics debuted on the NSE SME platform on Tuesday after a successful IPO that was oversubscribed nine times. The IPO, which aimed to raise 42.99 crore, saw its shares offered at 135 each.
