[ad_1] U.S. shares have fallen more than 23 percent from their September 2021 highs, holding the stock firmly in place. Although, Ltd., in its recent report, launched coverage on the stock with a ‘Buy’ rating and a target price of Rs 1,500, indicating a potential increase of over 17 per cent over the counter from its previous close of Rs 1,277.40. The company, with a market capitalization of over Rs 62,000 crore as on July 7, 2022, had hit a 52-week high of Rs 1,674 on September 22, 2021. Motilal…
Tag: Group
Adani Group Stock: Chart Check: Why this Adani Group stock may touch new 52-week high in next 6 months
[ad_1] Adani Enterprises, part of Adani Group of CompaniesGained a little over 50 percent over the past year and the chart pattern indicates that the uptrend is likely to continue. The stock hit a 52-week high of Rs 2420 on 27 April 2022, but then the trend turned sideways. The recent price action pushed the stock above the 50-DMA which is a positive sign. Experts suggest that short-term traders can buy the stock now or on downside for a possible target of Rs 2800, which would result in new 52-week…
Tata Group Stock: This outperforming stock of Tata Group may climb to new all-time high
[ad_1] New Delhi: First Kovid and now inflation! So far, Tata GroupThe U.S. retail apparel firm has not only managed to deliver great returns to its shareholders over the years, but has outperformed its peers as well. And given the company’s focus on growth, improved return profile and revival in consumer sentiment, it is likely to maintain its lead. The company reported nearly 53 per cent revenue growth in Q4FY22 on a standalone basis, the highest among peer retail players as consumer sentiments improved with gradual reopening of the economy.…
Promoters’ stake in Future Group companies reduced
[ad_1] Promoters’ stake in listed entities of the troubled Future Group has fallen since 2017, mostly falling after 2020, as the companies gradually slipped into a debt trap. In 2020, Future Group entered into an agreement with Reliance Retail, a subsidiary of Reliance Industries ,RIL), to sell its retail, logistics and warehousing businesses for Rs 24,713 crore. The group was hoping to use the money to reduce its debt. However, after the US e-commerce company, the deal got stuck in legal trouble. heroine Opposed the plan, citing the 2019 agreement…
Singapore’s wall of antitrust over Tata’s purchase of Air India; The group owns two of the three major airlines.
[ad_1] Air India’s takeover by the Tata group is likely to run into a regulatory wall in Singapore and now the Indian conglomerate needs to explain that the acquisition does not violate the country’s anti-competition laws. The Competition and Consumer Commission (CCCS) of Singapore, the country’s antitrust body, observed on Friday that Air India and Vistara, a 51:49 joint venture between the Tata Group and Singapore Airlines, are two of the three major players in the market. operate flights to singapore. -Mumbai and Singapore-Delhi routes, resulting in overlapping of both…
Income Tax Department searches the premises of Embassy Group
[ad_1] Sources said the Income Tax Department is conducting massive searches at several locations of real estate firm Embassy Group, including its Bengaluru, Gurugram and Mumbai offices, to check alleged tax evasion. The residences of key officials of the embassy group are also being searched. “Around five sets of searches are being conducted by the tax authorities on different business groups in different sectors like real estate, liquor and textiles. The embassy is one of the group entities,” said an official. “This is a routine income tax enquiry – Embassy…