Prabhudas Lilladher cuts Nifty target to 27,381; reduces weight on stocks
Tue, Nov 26, 2024 5:18 PM

Prabhudas Lilladher cuts Nifty target to 27,381; reduces weight on stocks

A Flip by Avya Verma
Get it on Google Play
Brokerage Prabhudas Lilladher has slashed its Nifty target by 1.7% to 27,381 and has reduced weight on Reliance Industries, Hindustan Unilever, ITC, and Nestle India in its model portfolio. The revision reflects macroeconomic pressures, including persistent inflation, sluggish urban demand, and moderated EPS projections for FY25–27, the brokerage said.

More great flips

T+0 settlement cycle sees tepid response even after eight months of launch

T+0 settlement cycle sees tepid response even after eight months of launch

The Indian stock markets created a record of sorts when the T+0 settlement cycle was launched around eight months back as it became the only leading market globally with such a short settlement mechanism in the markets. While the launch was a milestone event, the optional shorter settlement cycle has seen a subdued response from the market and there is hardly any traction.

Open Flip
Kohl's Stock Slips as CEO Being Replaced

Kohl's Stock Slips as CEO Being Replaced

Kohl's shares are falling in premarket trading after the department store chain said that CEO Tom Kingsbury is stepping down after less than two years running the struggling retailer. Kingsbury will leave his post on Jan. 15 and be replaced by Ashley Buchanan, CEO of The Michaels Companies. Kohl's has been struggling with falling sales and its shares are down by almost a third this year.

Open Flip
Hyundai and Casi drive car subscriptions into German market

Hyundai and Casi drive car subscriptions into German market

Hyundai Connected Mobility and Casi have launched the MOCEAN Subscription service in Germany, offering flexible, all-inclusive vehicle subscriptions to private consumers and businesses, particularly corporate fleets. The service, powered by Casi's technology, provides access to over 40 Hyundai models and caters to freelancers and professionals with variable vehicle requirements.

Open Flip

Join our Smart Investment Community

More than 2 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon