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Budget 2024: Choice Broking's Sumeet Bagadia picks Voltas as top budget pick

Sumeet Bagadia of Choice Broking has chosen Tata Group s Voltas as his ‘Budget 2024 Pick’. Bagadia has recommended a ‘Buy’ on the AC manufacturing stock at ₹1,057 and up to ₹1,020 for a target price of ₹1,175 and ₹1,250. ....

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Sectoral tailwinds and stronger balance sheets: 5 largecap stocks with right mix of two important ratios

There are some sectors where large players have an edge, because the nature of the business is such that there are phases where ability to stay in the game and cash on the balance sheet matter most. When the tide turns in favor of that sector, these large companies are able to make most of it. One sector which has gone through a phase of realignment of business and readjustment of valuations for many years and has once again come in limelight is the pharma space. Right from ability to deal with USFDA, not rely just on product segment to how to deal with uncertainty of supply chain which is dependent on China, Indian pharma companies have come a long way. ....

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Hindustan Copper, Cyient among 6 stocks hit new 52-week highs on Thursday

In the broader market, the Nifty Midcap 100 index, which saw its biggest one-day fall in over a year on Wednesday, rebounded and rose 0.6%, while the BSE Smallcap index gained close to 1%. Mazagon Dock Shipbuilders, JSW Energy, NHPC, Coromandel International, and Oil India were the major gainers in the midcap space, rising 3-6%. ....

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Torrent Pharma shares gain after US FDA completes inspection

The US FDA conducted a pre-approval inspection (PAI) at Torrent Pharmaceuticals oral-oncology manufacturing facility ....

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