Wed, Nov 27, 2024 4:10 PM
Japan's Honda Motorcycle reveals electric Activa for the first time
A Flip by Avya Verma
The shares of Persistent Systems hit a 52-week high on November 27 but later moved into the red territory to be among the top losers on the sectoral Nifty IT index. However, brokerage firm JPMorgan retained its overweight stance on the IT stock with a target price of ₹6,900, implying a potential upside of 15.5% from the closing price on November 26.
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Emerging-market stocks rose, reversing earlier losses, as speculation intensified that China’s authorities will roll out fresh stimulus measures next month amid the threat of US imposed tariffs. The MSCI Emerging Markets Index, a key gauge for developing-nation stocks, erased a decline of as much as 0.4% to trade 0.3% higher by 7:33 a.m. in London.
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Mumbai-based real estate developer Godrej Properties said it has officially opened its ₹6,000 crore Qualified Institutions Placement (QIP) on Wednesday, offering equity shares with a floor price set at ₹2,727.44 per share. The issue follows approval from the company’s Board and shareholders through a special resolution passed in October 2024.
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