The world is increasingly digital, leading to a rise in cyberattacks. As a result, companies are investing more in cybersecurity, with the average cost of a data breach being over $4.45 million. This has made cybersecurity an indispensable industry and presents investment opportunities. Three top stocks to consider buying in February are CrowdStrike Holdings, Palo Alto Networks, and Cisco Systems.
Open FlipThese stocks could give 11-16% return in next 3-4 weeks: 💰Thermax Ltd: Buy| LTP Rs 3350| Target Rs 3790-3885| SL Rs 3055| Upside 16% 💰ICICI Lombard General Insurance: Buy| LTP Rs 1638| SL Rs 1500| Target Rs 1752-1830| Upside 11% 💰ACC: Buy| LTP Rs 2629| Target Rs 2870-2930| SL Rs 2465| Upside 11% 💰Bank of Baroda: Buy| LTP Rs 262| Target Rs 296-306| SL Rs 247| Upside 16%
Open FlipStock markets will be influenced by upcoming macroeconomic data announcements and global trends, while also keeping an eye on foreign investors' trading activity. The last batch of quarterly earnings will also impact specific stocks. This week, the focus will be on economic data, FII and DII investments, crude oil data, rupee-dollar exchange rate, and global stock market trends.
Open FlipIn Q3 of the current financial year, NSE reported a consolidated net profit of Rs 1,975 crore, an 8% increase Y/Y. This was driven by strong revenue growth in trading, listing, index services, and other areas. The exchange also contributed Rs 28,131 crore to the exchequer through various taxes and charges. Trading volumes saw significant increases across cash markets, equity futures, and options.
Open FlipThe stock market has historically provided a 10% yearly return, but some companies have outperformed the market and turned small investments into seven-figure sums. Apple, Costco, and Home Depot are three successful consumer stocks that have turned $1,000 into over $1 million. However, investors should temper expectations, as these companies face challenges in maintaining their high growth rates.
Open FlipLast week saw four of the top-10 most valued firms gain Rs 2.18 lakh crore in market valuation, with Life Insurance Corporation and State Bank of India as the biggest gainers. The remaining six, including HDFC Bank and ICICI Bank, faced erosion in their valuations worth Rs 1.06 lakh crore. Meanwhile, Reliance Industries maintained its position as the most valued firm followed by TCS and HDFC Bank.
Open FlipJK Tyre expects continued demand growth in the medium and long term, supported by a favourable economic environment and increasing car sales. The company plans to expand production capacity to meet this demand and is collaborating with rubber growers in the Northeast to reduce import dependence. In the third quarter of 2023, JK Tyre reported a significant increase in net profit and revenue.
Open FlipComing off an impressive 2023, when it rose by more than 150%, Bitcoin (CRYPTO: BTC) is shaping up to have an even better 2024. But will it be able to keep enough momentum to hit the highly anticipated $100,000 mark? Let's cut to the chase: The answer is yes. With a bit of math, it becomes easy to see how a six-figure Bitcoin is not only within the realm of possibility but almost a near certainty.
Open FlipSEBI is proposing to regulate API-based algo trading and has proposed 2 models along with norms. These include requiring brokers to get approval for their platforms, taking responsibility for security, and regulating algo platforms. SEBI has also directed the NSE to create a team of Performance Validation Agencies and will require strategy providers to clear an exam to provide services to clients.
Open FlipApple released its highly anticipated Apple Vision Pro VR/AR headset, powered by the same chip as their MacBook Air. It's unknown how successful the headset will be, but it shows Apple's dedication to investing in AI, VR/AR, and digital services. Despite challenges over the past year, Apple's strong brand and significant cash reserves make it a solid long-term investment.
Open FlipDogecoin Foundation has exciting plans for the future, including expanding GigaWallet's shopping cart integration and improving APIs and database options. The recently released libdogecoin 0.1.3 update brings new features and improvements, thanks to community suggestions. RadioDoge is also using innovative technologies to increase Dogecoin's reach in areas with limited internet.
Open FlipEnterprise Products Partners (EPD) has been a successful public company for 25 years, providing value to investors through consistent distribution increases and strong growth. The company's management is confident that the next 25 years will be just as rewarding, with continued growth in energy demand and new opportunities in lower-carbon sectors.
Open Fliphe S&P 500 recently hit an all-time high, confirming the arrival of a bull market. Investing in growth stocks, particularly those linked to the rapidly growing field of artificial intelligence (AI), is recommended for investors looking to benefit from this trend. Three stocks that are poised to thrive in the AI market are Amazon, Nvidia, and Palantir Technologies.
Open FlipDelhi-based Gold Plus Glass Industry is planning to raise funds through an initial public offering (IPO). The IPO includes a mix of fresh issuance of Rs 500 crore worth of equity shares and an offer-for-sale of 1.57 crore equity shares by promoters and investors. Promoters hold 70.44% stake, while public shareholders hold 29.56%. The company may also consider a pre-IPO placement of Rs 100 crore.
Open FlipPossible £2-billion sale of UK parcel delivery group Evri by Advent International, with Rothschild & Co. hired to explore options. Evri has tripled in size over past 5 years but faces challenges with return of high street shopping and Britons cutting consumption. Under current ownership, £120 million invested for growth plan. Net debt is now six times Evri’s underlying profits.
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