Shares of Biocon surged over 4 percent on January 14 after brokerage firm HSBC upgraded the stock to a 'buy' call amid expectations of a turnaround for the drugmaker. HSBC also lifted its price target for the stock by nearly half to Rs 430 to factor in its growth potential.At 10.16 am, shares of Biocon were trading at Rs 375.30 on the NSE, extending gains to the second session.After the clearance ...

Shares of Adani Energy Solutions Ltd (AESL) jumped over 12% on January 14 after the firm announced its operational updates for the October-December quarter (Q3) of FY25. The shares were trading at around Rs 774 apiece at 11:05 am on January 14.In an exchange filing, the Adani Group company announced that its transmission network length increased to 26,485 ckm in Q3, a significant rise of nearly 23...

CLSA On HCLTechHold Call, Target At `1,882/ShReported In-line Q3 With A Slight Revision In Its CC Revenue Growth Guidance For FY25Management Is Seeing Improved Demand Momentum Across Smaller DealsUnchanged Mid-Point FY25 Organic Growth Guidance Was Slightly Disappointing Amid Demand ImprovementNomura On HCLTechBuy Call, Target At `2,000/ShCo Posted A Mixed Bag In Q3, Revenue Below Consensus Estima...

The Nifty 50 and Bank Nifty extended their southward journey and have decisively broken the November low (23,263), closing at a seven-month low on January 13. Technical indicators suggest that bearish sentiment prevails. Hence, if the index breaks 23,000, 22,800 is the first target on the downside. However, given that the momentum indicator RSI is nearing oversold levels, the possibility of a boun...

The market had a negative start to the week as the benchmark Nifty 50 fell by 1.5 percent on January 13 due to broad-based selling, hitting a fresh seven-month low. The index has lost 1,180 points from its January high. Sentiment remains bearish, with the index trading well below all key moving averages. However, a rebound cannot be ruled out, as the momentum indicator RSI has approached near-over...