Brokerage firm Prabhudas Lilladher has raised its 12-month forward target for the benchmark Nifty to 26,398 from 25,816, as compared to a month ago. “In the Base Case,PL values NIFTY at 3% discount to 15-year average PE (18.6x) with March 26 EPS of 1,417 and arrives at a 12-month target […]
RBI dividend
Finance Minister Nirmala Sitharaman is set to present the full-year Union Budget for FY24-25 on July 23, 2024. The impact of the Union Budget on the equity market has reduced notably over the past few years with the government undertaking most of the reforms outside the purview of the Budget. […]
Mumbai: After kissing the $5 trillion mark intraday Tuesday, the market capitalization of 5,389 listed BSE companies fell just $3 billion short of the magic figure on a closing basis at $4.997 trillion, fuelled by a rise in mid-cap and large-cap stocks. The near-historic closing came on a day the […]