ICICI Lombard shares reserved its losses after hitting 52 week low to Rs 1049 on NSE in March. However, in the last 1 month, it has gained 13%.
Recommendation: Buy; Target Price: Rs 5500
Sensex surges 400 points; Nifty above 18,600; all index stocks gain; Nifty Bank at record high
On the sectoral front, Nifty IT (+1.42%) and Media (+1.71%) stocks are trading with the most gains.
Company's stock price rises after its net profit rises by 40.7%.
Bajaj Auto (+2.40%) is the top gainer on NSE in today’s trade.
Gross FDI inflow came down y-o-y by 16% to $71 billion in FY 23.
Wipro plans to provide comprehensive training on Google Cloud's generative AI technologies to approximately 20,000 associates.
NCLT's order pertains to ordering NSE and BSE to review the non-compete fee clause in Sony - Zee merger.
The Scheme would invest in Securities covered by S&P BSE Housing Index and debt and money market instruments.