Thu, Feb 29, 2024 9:44 AM
Indian stock market today: Day trading guide for Nifty 50 to Sensex!
A Flip by Avya Verma
Shares of Indus Towers Ltd. were trading with gains of as much as 3% on Tuesday, November 19. Global brokerage firm Citi has maintained a 'Buy' recommendation on the stock, with a price target of ₹485 per share. The price target implies a potential upside of over 50% from Monday's closing levels. Indus Tower's stock has corrected by 28% since announcing its share buyback on July 30.
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Precious metals displayed certain strength as the Gold December futures contracts at MCX opened today at Rs 75,400 per 10 gram, which is up by nearly 0.50% or Rs 353 while silver December futures contracts were trading at Rs 91,059/kg, up by 0.6% or Rs 546. Gold prices shot up by Rs 1,480/ 10 grams in the last 2 days while silver prices went up by Rs 2,700/kg in the same period.
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Honasa share price extended losses on Tuesday’s session touching a fresh 52-week low post its Q2 results. Honasa share price today slumped 18%, the stock touched an intraday low of ₹242.60 apiece on BSE. The firm that owns FMCG brands like Mamaearth and The Derma Co saw its shares drop 20% on Monday after announcing a consolidated loss of ₹18.57 crore for the Q2 FY25.
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