CLSA has an outperform rating on Jindal Steel with the target price at Rs 1,420. Analysts said the company’s Jan-March quarter (Q4FY26) adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) was slightly higher than estimates, mainly on higher volumes that rose 23% on the year (YoY) with adjusted EBITDA/tonne of Rs 10,103 (+Rs 3,100/t)….
Top stocks to buy (AI image) Stock market recommendations: Mehul Kothari, DVP – Technical Research at Anand Rathi Shares has recommended Castrol India, Concord Biotech, and Intellect Design Arena as the top stocks to buy today, May 6, 2026.Castrol India Ltd – Harmonic Completion with Momentum ConfirmationBuy: ₹186–₹180 | Stop Loss: ₹166 | Target: ₹214Castrol…
“In the previous session, Nifty 50 witnessed a recovery during the day but failed to sustain at higher levels, facing resistance around the 24,300 zone. This indicates continued supply pressure at elevated levels and suggests that the recent upmove was more of a pullback rather than a confirmed breakout.From a technical perspective, Nifty 50 continues…
Gold of 99.9% purity moved lower, declining by Rs 2,000, or 1.3%, to Rs 1,52,800 per 10 grams (inclusive of all taxes), compared to its previous close of Rs 1,54,800 per 10 grams, according to the All India Sarafa Association. Market participants noted that gold came under pressure in a relatively thin trading environment, as…
Top stocks to buy or sell today (AI image) Stock market recommendations: While Lupin, and KEI Industries are recommended as buy calls by Somil Mehta, Head of Retail Research at Mirae Asset ShareKhan, Bharat Forge, and Punjab National Bank are seen as sell calls for May 5, 2026:Lupin: Buy in the range between Rs 2349…
Kiran Mazumdar-Shaw, Biocon’s founder and chairperson, has identified her niece, Claire Mazumdar, as the future leader. Kiran Mazumdar-Shaw, Biocon’s founder and chairperson, has reportedly put in place a structured succession plan for the biotechnology firm, identifying her niece, Claire Mazumdar, as the future leader.Having built Biocon over more than four decades and without a direct…
For India, these measures directly support long-term human capital development. (AI image) By Amarpal S. ChadhaIndia has consistently expanded its global trade partnerships with the objective of strengthening economic growth, generating employment, and enhancing its position in the global economy. Over the past few years, the country has signed nine Free Trade Agreements (FTAs) spanning…
US stock markets moved closer to record levels on Tuesday as easing oil prices shifted investor focus back to strong corporate earnings, AP reported.The S&P 500 rose 0.6 per cent and was on track to surpass its all-time high set last week. The Dow Jones Industrial Average gained 248 points, or 0.5 per cent, while…
The government has approved an Emergency Credit Line Guarantee Scheme (ECLGS 5.0) with an outlay of Rs 18,100 crore to support MSMEs and airlines hit by the West Asia conflict, PTI reported.The scheme is expected to enable additional credit flow of Rs 2.55 lakh crore, including Rs 5,000 crore earmarked for the aviation sector.“The scheme…
The Union Cabinet has approved two new semiconductor manufacturing units with a combined investment of over Rs 3,936 crore under the India Semiconductor Mission (ISM).The projects include the country’s first commercial mini/micro-LED display facility based on Gallium Nitride (GaN) technology and a semiconductor packaging unit, Information and Broadcasting Minister Ashwini Vaishnaw said.The facilities will be…