Shares of Dixon Technologies were in focus on Friday after the company’s wholly-owned subsidiary, Dixon Electro Manufacturing, signed an MOU with Cellecor Gadgets for the manufacturing of refrigerators and other related components.
ICICI Securities recommends buying Navin Fluorine International with a target price of Rs 4,270. The company's expected revenue and profit growth is driven by new projects and higher prices for R-32. Promoters hold 28.44 percent stakes, while FIIs hold 18.22 percent. The market cap of Navin Fluorine is Rs 16,746.38 crore in the Chemicals sector.
Brent crude futures fell 1 cent to $73.25 a barrel by 0145 GMT. U.S. West Texas Intermediate crude was at $69.60, down 2 cents, from Thursday's close. However, on a weekly basis, Brent was up 0.4% while WTI rose 0.2%.
The Indian market is expected to trade higher on Friday, supported by positive global cues. The Nifty futures closed slightly negative on Thursday. Options data suggests a broader trading range between 23,200 and 24,200, with immediate support at 23,500 and resistance at 23,900. Experts recommend stocks like Sun Pharma, PFC, BEL, Lupin, Apollo Tyres, and Devyani International for short-term trading.
Choice International shares are likely to be in focus on Friday after the company announced that it has received in-principle approval from the Securities and Exchange Board of India (SEBI) to set up a mutual fund.
The months of October and November posed significant challenges for Indian stock markets and our fund due to increased volatility and selling pressures. Despite these hurdles, 2024 emerged as a positive year for the market overall.
Looking ahead at 2025, we remain cautiously optimistic. While double-digit gains are possible, the trajectory will depend on factors like global macroeconomic trends, corporate earnings recovery, the pace of domestic reforms, and geopolitical stability. Markets are inherently volatile, and we must be prepared for fluctuations.
ACME Solar Holdings shares are likely to attract attention on Friday after its subsidiary, ACME Renewtech, secured Rs 1,988 crore in financing from Power Finance Corporation (PFC).
Recent reports indicate that U.S. intelligence agencies, including the FBI, suppressed key findings suggesting COVID-19 originated from a lab leak. Researchers from the Defence Intelligence Agency (DIA) uncovered compelling evidence supporting this theory, but their conclusions were excluded from a crucial 2021 briefing to President Biden. This has led to renewed calls for transparency and a thorough re-investigation into the origins of the virus.
Motilal Oswal Financial Services recommends buying PNB Housing Finance with a target price of Rs 1,160. The firm's market cap is Rs 22,002.19 crore. The company is expected to deliver substantial growth in the coming years. It is expected to overcome near-term challenges, leading to a rerating in valuation multiples as investor confidence grows.
A shift above the VWAP suggests a potential bullish trend, according to stockedge.com's technical scan data.
Mutual fund SIP contributions rose by 34% in 2024, reaching Rs 25,320 crore in November, up from Rs 18,838 crore in January. The SIP asset base increased by 32% to Rs 13.54 lakh crore. The average SIP ticket size grew by 4%, reaching Rs 2,476. November's gross SIP inflows were near an all-time high, marking continued strong inflows.
In 1991, amidst an economic crisis, Manmohan Singh was unexpectedly appointed as Finance Minister by Prime Minister P.V. Narasimha Rao. Singh’s bold reforms dismantled India’s Licence Raj, liberalised trade, and stabilised inflation, laying the groundwork for its transformation into a global economic powerhouse. Despite resistance from critics like the Bombay Club, his policies spurred industrial growth and fiscal discipline. Singh’s economic vision not only revived the economy but also set India on a path of sustained progress.
In a recent post on ‘X’, RPG Group Chairman Harsh Goenka honoured India's top business figures, attributing their success to passion and legacy. He questioned why these leaders inspire millions, citing figures like Ratan Tata, Mukesh Ambani, and Anand Mahindra. Additionally, Goenka shared his top 10 global events for 2024, with key moments like the US Presidential elections, ISRO’s moon mission, and the Paris Olympics.
