An analyst from Master Capital said that Paytm has formed an inverse head & shoulders pattern—a classic bullish setup—indicating a potential shift in momentum.
Birla Opus Paints, a part of Aditya Birla Group’s Grasim Industries, has launched its first Birla Opus Paint Studio in Gurugram. This company-owned and operated studio offers customers an immersive experience to explore over 170 products including exclusive shades. The experience also includes expert guidance. CEO Rakshit Hargave emphasized that the studio is designed to make painting more than just a task — it’s about transforming spaces with a personal touch. The studio serves as a hub for architects and interior designers, offering a dedicated workspace with resources, samples, and expert support. As part of its expansion plans, Birla Opus Paints will open experience centres in major cities like Delhi, Mumbai, Bengaluru, Hyderabad, Kolkata, and more in the coming months. Watch an exclusive chat between Rakshit Hargave, CEO of Birla Opus, from Birla Opus' Gurugram Paint Studio, and Arnab Dutta, Senior Assistant Editor, Business Today.
Stocks including Power Grid, ONGC, Coforge, Adani Wilmar, Grasim, ABB India, Ola Electric, Biocon, Ambuja Cements and Rail Vikas Nigam will be in the spotlight on Wednesday, March 05.
Cement stocks have caught investor attention with promising momentum, and expert Nilesh Jain, Head VP-Technical and Derivatives Research at Centrum, has identified key picks in the sector. According to him, Grasim Industries stands out, showing strength with a target price of ₹2,850–₹2,900 for the December series, with a stop loss of ₹2,600. Ramco Cement is also on the verge of a breakout, offering an attractive target of ₹1,200, supported by a stop loss of ₹950. Additionally, JK Cement is expected to perform well, with a target price of ₹4,600–₹4,700 and a stop loss of ₹4,250. Watch this video to explore detailed insights and strategies for investing in these cement stocks.
Stocks including Reliance Industries, Hero MotoCorp, Grasim, Sobha, Honasa Consumer, Hindustan Zinc, Glenmark Pharma, Cyient and more will be in the spotlight on Monday, November 18.
At 27.4 times, Grasim Industries trades at 87 premium over its 10-year average PE of 14.6 times. This stock is up 21 per cent in 2024 so far. MOFSL said Grasim's net debt to peak out in FY25 as the core businesses start to recover in 2HFY25.
The BSE Sensex gained 649 points, or 0.81 %, to 81,086.21 during the week ended on August 23. While the Nifty jumped 282 points, or 1.15 %, to 24823.15.
Hindalco Industries on Tuesday reported that its net profit for the Q1 FY25 increased by 25% on-year to Rs 3,074 crore. The Aditya Birla group company said its April-June consolidated revenue from operations rose 7.5% to Rs 57,013 crore.
Kumar Mangalam Birla, Chairman, Aditya Birla Group, said that the foray is a natural extension for the Group, which has been in the fashion retail and lifestyle industry for over 20 years.
Market watchers believe that the general elections, labour shortages, severe heat waves and monsoons may result in weak demand
Grasim Industries, Reliance Industries, Bajaj Auto, Divis Labs and Adani Ports are a few other stocks that are trading at steep premiums over their 10-year PE multiples.
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