Vedanta Aluminium Metal Ltd may be down more than 12 percent from its listing price, but brokerages remain firmly positive on the newly listed company, citing a favourable aluminium cycle, operational growth prospects and improving cost competitiveness. CLSA has maintained an "Outperform" rating on Vedanta Aluminium with a target price of Rs 540 per share, implying an upside of about 18 percent fr...

Shares of Tata Motors Ltd, the demerged commercial vehicles (CV) business of the Tata group, rose nearly 4 percent in morning trade on June 24 after multiple brokerages reiterated their positive outlook on the company. Analysts cited strong industry demand, market-share gains and margin expansion prospects. The stock traded at Rs 414.40, up 3.6 percent during the session. Since its listing in Nove...

The data showed that Bachchan purchased 41,566 shares at Rs 199.90 per share and sold 1.23 lakh shares at Rs 200.84 per share.DP Wires shares rose as much as 8 percent in intraday trade on Wednesday amid heavy volumes, a day after actor Amitabh Bachchan sold shares worth Rs 1.64 crore in the company.The stock has been gaining for the last three trading sessions and has advanced 21 percent during t...

Shares of Adani Enterprises Ltd rose as much as 2.4 percent in intraday trade on June 24 and were up 1.66 percent at Rs 3,012 in late-morning deals after Morgan Stanley initiated coverage on the stock with an "Overweight" rating. The brokerage cited strong growth prospects across the group's incubation businesses.Morgan Stanley assigned a target price of Rs 3,638 per share on Adani Enterprises, im...

The benchmark indices remained under pressure on June 23, falling 1.16 percent amid weak market breadth. About 2,171 shares declined compared to 831 advancing shares on the NSE. The market is expected to consolidate with range-bound trading as long as it trades below the previous week's high. Below are some short-term trading ideas to consider:Amol Athawale, VP Technical Research at Kotak Securiti...