Balmer Lawrie, Concor & Hindalco: What Mayuresh Joshi of William O'Neil says on these 3 stocks businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.
Tata Power share price: The stock slipped 2.52 per cent to hit a day low of Rs 419.05. It was last seen 0.94 per cent down at Rs 425.85. At this price, the multibagger scrip has gained 120 per cent in the past one year.
HDFC Bank share price: The stock rose 1.71 per cent to hit a day high of Rs 1,554. At this price, it has moved 8.91 per cent higher in seven trading sessions.
Currently, various measures have been taken by the GOI, like the introduction of FAME subsidy, state policies, the setting up of EV charging ecosystems, and the rolling out of PLI schemes. For the Union Budget 2024, the industry expects long-term measures that promote EV adoption, such as reduced GST rates, extensions of FAME-II subsidies, and increased infrastructure spending for changing infrastructure.
RIL s profit after tax stood at Rs 19,641 crore, surpassing D-Street expectations. Brokerages have mixed views, with Citigroup downgrading RIL but raising the target price. Sharekhan maintains a Buy rating, emphasizing strong long-term prospects. Emkay Global maintains its earnings outlook and raises the SOTP-based target price.