NMDC s shares hit a 14-year peak of ₹271.70, up 1% on Monday, maintaining an upward trend since June 2023 with a gain of 143%. LKP Securities recently initiated coverage on the stock with a buy rating and a target price of ₹297 per share.
BofA upgrades Vodafone Idea to neutral , citing potential for tariff hike leverage and enhanced 4G network coverage. Despite positive outlook, BofA refrains from recommending VIL as a buy, awaiting clarity on funding post-FY26. BofA suggests that tariff revisions may occur post-general elections.
Nifty 50 closes April with 1.24% gain, led by strong banking and auto sectors. IT pack sees losses for the second consecutive month. Nifty Bank, Nifty Realty, Nifty Metal, Nifty Auto indices reach new record highs in April.
Schneider Electric Infrastructure has shown remarkable growth with shares climbing 327% in a year, positioning it as a standout performer in Indian equity markets. The company stands to benefit significantly from the Revamped Distribution System Scheme, holding immense potential for future growth.
Nifty Smallcap 100 index reaches all-time high, Nifty 50 and Sensex also climb. Global cues and oil price fall boost Indian equities. Small-cap stocks recover in April post regulatory scrutiny. In the current month so far, the index has rallied 9.8%.