Most top brokerages raised their price targets on Asian Paints, but most retained their existing recommendations after the company’s June quarter earnings beat expectations. Rich valuations, rising raw material costs and intense competition continue to limit the stock’s upside, said analysts.
Analysts’ consensus average price target of Rs 3,023.78 on Asian Paints implies an upside of 10% over its Thursday closing price of Rs 2,746.90. The stock fell 0.44% on Thursday.
US listed Abbott Laboratories shares jumped 12% after the healthcare company reported stronger second-quarter sales and raised its full-year earnings outlook. The company said second-quarter sales rose 13% on a reported basis and 4.8% on a comparable basis. Abbott reported GAAP diluted earnings per share of $0.53, while adjusted diluted earnings per share came in…
Here’s a science story that sounds straight out of Greek mythology, except it’s real, and it’s about us. A new study by researchers at Lund University and the University of Sussex suggests that humans, along with every other creature with a backbone, may descend from a tiny worm-like animal that had just one eye, sitting…
Mumbai: Goldman Sachs said it sees room for Nifty’s recovery to 26500, implying an upside of nearly 9.5% from current levels, citing improvement in India’s outlook in the wake of lower commodity prices, stabilised currency, and healthy second-quarter earnings expectations. The Nifty ended at 24,211 on Monday, nearly unchanged from Friday’s closing, after falling as…
India’s markets regulator has imposed a two-year cooling-off period for former officials, barring them from representing clients before it in investigations, settlement proceedings and applications for fundraising or regulatory approvals, according to a government notification. The regulator also extended investment restrictions to employees’ family members, the notification, published on Saturday, said. The Securities and Exchange…
The Indian stock market extended losses for the fifth consecutive session, with Sensex and Nifty tumbling more than 1% intraday before paring most of the losses and closing 0.4% lower each on Friday as oil prices above $100 per barrel, FII selling and other factors spooked investors. Analyst Sudeep Shah, Vice President and Head of…
Bank holiday today: Most public and private banks across India will remain open today, on Saturday, 18 July. According to the Reserve Bank of India (RBI)’s holiday calendar, bank operations will continue as normal since it is the third Saturday of the month. Hence, SBI, HDFC, ICICI, PNB, and other banks will remain open today….
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