PNB Housing set for 16% rally ahead? Here’s why Motilal Oswal is bullish now
PNB Housing Finance shares are in focus. The stock has run up 8% in the past 5 days and domestic brokerage firm Motilal Oswal expects double-digit rally going forward. It has reiterated a Buy rating on PNB Housing, citing profitability prospects and consistent recovery trends.
The brokerage has set a target price of Rs 1,080.
» Read more about: PNB Housing set for 16% rally ahead? Here’s why Motilal Oswal is bullish now »
Read MoreAdani Green, Adani Energy, Adani Total Gas: Adani group stocks rally up to 14%; here’s why
Among others, ACC, Adani Ports, Adani Wilmar, Ambuja Cement, NDTV and Sanghi Industries gained in the range of 1-3%. The group flagship Adani Enterprises rose over 4% in intraday trade.
Here are key reasons behind rally in Adani group stocks:
The rally in Adani Green Energy,
Beyond Meat’s Shocking Rebound
Few investors saw it coming. After spending most of the year circling the drain, Beyond Meat suddenly roared back to life last week, climbing more than 5x from its October lows.
At one point, the stock traded below $1, a price level that had many wondering if bankruptcy was next. Then came an eruption of retail enthusiasm that sent shares briefly rocketing toward $8.
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Read MoreNvidia Just Made a $1 Billion Bet on Nokia. Should Investors Follow Its Lead?
In a surprising move revealed Tuesday, Nvidia (NVDA +4.98%) announced it was taking a $1 billion investment stake in Nokia (NOK +22.84%). The news pushed Nokia stock up 22.8% in the day’s trading and rocketed its market capitalization up to approximately $41.8 billion —
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Read MoreWarren Buffett's Berkshire Hathaway earnings: Key takeaways
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Warren Buffett’s Berkshire Hathaway saw its cash pile soar to a record $381.7 billion in the third quarter. Meanwhile, its operating urgent earnings surged by 34% year-over-year. The big focus for investors though remains Warren Buffett’s succession and the lack of share buybacks. Joining us to bring it all down,
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Read MoreThe Burst
40.9% Upside On Under-the-Radar Stock
Investment Alert: Buy WEX Under $180/share
Disclaimer: Investment Alerts have a medium to long-term time horizon. These do not constitute financial advice and you should contact a financial advisor before deciding whether it is appropriate for your individual circumstances.
Key Points
- WEX is an undervalued company that offers a range of services,
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Read MoreThe Ivy
Market Commentary: 1 Easy Way To Get Lots Of Extra Income
The S&P 500 has been on a monumental run over the past few months, climbing from near 4,100 last October to almost 5,000 more recently.
It’s a tough time for bulls and bears after such a sharp run up in a narrow time window. The options are to short the market at your peril or go long the market and risk a big drawdown.
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