Titan stock rallies on foreign brokerage optimism

The Markets Today in a nutshell

• Domestic benchmark indices ended on a positive note.
• Sustained FII buying amid positive global cues propelled the Indian stock market higher as investors seem to have taken the uptick in inflation and lower IIP numbers in their stride.

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?Vedanta share price rallies as the company announced semiconductor plant
The stock price went up after chairman Anil Agarwal announced that the Vedanta-Foxconn semiconductor plant would be set up in Gujarat. Vedanta’s landmark investment of Rs 1.54 lakh crore will help make India’s Aatmanirbhar Silicon Valley a reality,” he said.

?Bajaj Finserv stock price jumped as the stock turned ex-spit and issued bonus shares
The firm was also trading ex-bonus that was announced in the ratio of 1:1. Each share of Bajaj Finserv having a face value of Rs 5 will be split into five shares with a face value of Re 1 each.
 
?Titan stock rallies on foreign brokerage optimism
The share ended in the green after JPMorgan maintained the “overweight” rating on the stock with a target price of Rs 2,800 apiece. The brokerage described CaratLane as a “diamond in the making”. JPMorgan also said CaratLane brings high technology capability that can be leveraged by Titan Company.

News from the IPO world?

• Smaller Indian banks join big fat IPO party.
• Sachin Bansal led Navi Technologies gets SEBI approval to launch IPO.
• Ramdev to launch IPO to Patanjali brands soon.

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