GOLDMAN
Five kg jewellery on body, special gold-plated bullet: Meet Prem Singh, Goldman of Bihar
In Bihar's Patna, Prem Singh, known as the Goldman of Bihar, has become a notable figure for his love of gold. He wears approximately five kilograms and 400 grams of gold on his body. Additionally, he owns a bike with several gold parts, which took seven to eigh...
Goldman Sachs buys 6.28 lakh shares of Archean Chemical worth Rs 41 crore via block deal
The stock has returned 21% over the last year, underperforming the Nifty's 28%. However, it's currently trading above both its 50-day and 200-day moving averages, suggesting positive momentum.
Block deal: Goldman Sachs Funds sells nearly 48 lakh shares for Rs 50 crore in Restaurant Brands Asia
Goldman Sachs sells additional stake in RBA, the second within two weeks. On June 14, the firm sold shares worth Rs 43 crore at Rs 105.53 each, a 1.30% discount.
Industrials strong, but be careful about valuations: Hiren Dasani of Goldman Sachs Asset Mgmt
"Emerging market equities, as an asset class, are not seeing inflows. They have seen outflows. The US is doing much better than the broader emerging market. The other dynamic is there is also a very strong AI (artificial intelligence)-driven theme that is driving the markets like Taiwan, which is a global supply chain for the entire AI-related and semiconductor segments"
This midcap stock jumps over 9% to fresh high. Here’s what Goldman Sachs says
TBO Tek shares surged on BSE after Goldman Sachs initiated coverage, expecting a 22% CAGR. Analysts highlight risks from competition, international expansion, and headwinds like online shift and litigations.
MapMyIndia shares rally 37% in 2 days. Here's why Goldman recommended this stock
CE Info Systems shares surged 37% on BSE in response to a 'buy' rating from Goldman Sachs, targeting Rs 2,800.
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Wall Street’s $5.5 trillion triple-witching to test market calm
This quarter’s expiration comes as implied volatility on S&P 500 options is holding near the lowest level since before the coronavirus pandemic, with the US benchmark index riding the surge in shares of Nvidia Corp. and other artificial intelligence-linked companies. The expiration coincides with index rebalancing, when S&P Dow Jones Indices shuffles company weightings and ETFs that track its gauges make similar adjustments.
Goldman Sachs initiates coverage on MapmyIndia, shares jump over 17%
CE Info Systems shares surged 17.6% to Rs 2,354.60 on BSE as Goldman Sachs initiated coverage with a target price of Rs 2,800.
Uno Minda shares jump 12% as Goldman Sachs sees upside potential of 20%
Uno Minda, a midcap auto stock, surged 12% to reach its all-time high of Rs 1,180. This rally was triggered by a report from global brokerage firm Goldman Sachs, which raised its target price for the stock to Rs 1,350 while maintaining a 'buy' recommendation.
WestBridge Capital sells 1.7% stake in AU Small Fin Bank for Rs 845 crore
WestBridge Capital divested a 1.7% stake in AU Small Finance Bank for Rs 845 crore through an open market transaction, impacting its shareholding in the bank significantly. Goldman Sachs Investments Mauritius I acquired a substantial number of shares in the same bank.
Wall Street bankers beaten in ‘Smartest’ chess tournament
William Graif, a chess enthusiast, has competed in various countries and now focuses on teaching chess to children after participating in the World Corporate Chess Championship.
Goldman Sachs sells 44.20 lakh shares worth Rs 183 crore in Paytm via block deal
As per the shareholding data of One 97 Communications, Goldman Sachs Singapore held 84,01,067 shares or 1.32% stake in the fintech payment platform. Paytm shares on Tuesday settled in the red, breaking their two-sessions winning streak.
S&P 500, Nasdaq hit record closing highs ahead of data, Fed comments
The S&P 500 and Nasdaq hit record highs fueled by technology shares and AI enthusiasm ahead of economic data and Fed speeches.
Goldman Sachs boosts S&P 500 target on upbeat profit outlook
Goldman Sachs Group Inc. raises S&P 500 year-end target to 5,600, reflecting optimism for earnings growth and the US economy.
Block deal: Goldman Sachs Funds sells 40.6 lakh shares in Restaurant Brands Asia for Rs 43 crore
Goldman Sachs Funds - Goldman Sachs India Equity Portfolio, which sold its stake on Friday, held 1,10,12,628 shares, representing 2.22% of Restaurant Brands Asia as of March 31, 2024, according to BSE shareholding data.
Hot Stocks: CLSA lists stocks that could benefit from the 100-day plan for Modi 3.0
Global brokerage CLSA lists out stocks such as L&T, IRB, and NCC, among others that can benefit from Modi 3.0's 100-day plan, while Goldman Sachs is positive on private banks, Jefferies prefers Aavas Financiers, Can Fin Homes as top housing finance companies and Morgan Stanley are overweight on HDFC Life.
RBI unlikely to cut rates; Sustained vigil on inflation expected
RBI to hold rates on strong GDP growth. Inflation within target range but food inflation high. RBI cautious on weather impact.
Indian stocks tend to reward investors post polls, history shows
Indian stocks turn volatile ahead of election results, but historical data shows little impact on long-term investors. S&P BSE Sensex Index has gained post-elections with a median return of over 11% in the last five elections.
Goldman sees India's stocks, bonds and rupee as top emerging market picks
Strong earnings growth is supporting the share market, while the country’s inclusion in international indexes, stronger government finances, and slowing inflation favor fixed income, analysts led by Kamakshya Trivedi, Danny Suwanapruti and Sunil Koul wrote in a note.
LIC shares can rally up to 30%; check target prices of 5 brokerages
Brokerages are largely positive on LIC's future as they see an upside potential of up to 30% in the stock, suggesting target prices as high as Rs 1,300.
Hot Stocks: Brokerage view on LIC, Suzlon Energy, Inox Wind and Hindalco
Investec brokerage firm upheld its buy recommendation for Hindalco, while Nuvama initiated coverage on Inox Wind and Suzlon Energy with buy ratings, respectively. Goldman Sachs has given LIC a neutral rating following its Q4 results.
US stocks bounce back ahead of long weekend
The Nasdaq index surged over 1% and was heading for its fifth consecutive week of gains, while the Dow Jones Industrial Average faced a potential first weekly loss in five after hitting a two-week low on Thursday. Trading activity is expected to be muted as the U.S. equity market is closed on Monday for Memorial Day.
Hot Stocks: Brokerage view on BSE, Indigo, ITC; Goldman downgraded Gujarat Pipavav
Goldman Sachs maintains buy on ITC with a target of Rs 480, downgrades Gujarat Pipavav to neutral, raising target to Rs 220. BofA Securities retains buy on InterGlobe Aviation, target Rs 4900. Investec initiates buy on BSE, target Rs 3400, citing market share gains and attractive valuations.
Go Digit sees moderate listing, but analysts project optimism. What investors should do
Analysts said Go Digit's position as the fastest-growing private non-life insurer by GWP in India positions it for continued success in the insurance market. The company's advanced technology platform and focus on innovation bode well for its future.
Virat Kohli-backed Go Digit debuts at 5% premium over IPO price
Go Digit's shares listed on NSE and BSE at a premium. The stock debuted at Rs 286 on NSE and Rs 281.1 on BSE, with strong interest from buyers.
Warburg Pincus exits Apollo Tyres by offloading Rs 1,072 crore worth stake
The leading global PE firm offloaded about 3.5% stake or 2.24 crore shares. Goldman Sachs, Morgan Stabley, Mirae Asset MF, Societe Generale, Citigroup, ICICI Pru MF bought stakes. Mutual funds have a significant 16.77% stake and foreign investors hold about 17.61% stake as of March 2024.
Hot Stocks: Brokerages view on JB Pharma, BHEL, Hitachi Energy and HCL Tech
Brokerage companies like Bernstein upheld a Market Perform assessment for HCL Technologies, Nuvama endorsed a buy evaluation for BHEL, Jefferies suggested a buy stance on JB Pharma, and Goldman Sachs issued a buy rating for Hitachi Energy.
Goldman says equity investors bracing for return of volatility
Stock investors are bracing for a spike in market volatility, and upcoming events such as Nvidia Corp.’s earnings report can exacerbate any moves, according to Goldman Sachs Group Inc. strategists.
Zee Entertainment Enterprises shares rise 3% as firm swings back to black in Q4
Zee Entertainment Enterprises experienced a nearly 3% increase in its share price to Rs 144.4 during Tuesday's trading session on the BSE, following the company's announcement of a profit of Rs 13 crore in the March quarter of FY24. This marks a significant turnaround from the loss of Rs 196 crore reported in the same period last year.
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