Market was in red zone today . Nifty slipped 107 points closed at 17677 level . Jindal Steel share price touched a 52-week high of Rs 577.70, rising more than 2 % today after Kotak Institutional Equities reiterated a buy call on the stock and raised the target price from Rs 565 to Rs 700 per share. The company is on track to increase its steel capacity 85 % and by financial year 2025.This stock opened today from 566 level made a high of 576 and closed finally at 569 level .Among sectors, power index rose 5 %, oil & gas index was up over 2 % and realty index added 1%, while IT and capital goods indices fell 1 % each .
SBILIFE stock falls 1.75 % today on nse , Stock has lost 5.65% so far this year. SBILIFE Shares Have Fallen Due to Poor Quarterly Results . today morning trading session stock opened at 1159 made a low of 1140 level and finally closed at 1141 with falls of 1.75 % . SBILIFE has been able to improve overall margins despite softer retail protection business, as ULIP products with a better margin profile have gained traction and significant cost .Efficiencies have been continually seen, as indicated by its low-cost ratios. Management clarified that SBI Life has not experienced reinsurance hikes. It continues to retain the same proportion of its business as it did earlier,” it added .We believe SBILIFE will continue to deliver top-quartile growth in 2022 and stock will touch 1330 levels in coming few months . Stock can be a good option for long-term investment.
TOP GAINER :- JINDALSTEEL , OBEROI REALITY , TORRENT POWER
TOP LOSER :- SBILIFE , VODAFONE IDEA , GNFC
No comments:
Post a Comment