SEBI's Jane Street move is 'part of market evolution', says asset manager
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Business Upturn
23 minutes ago
- Business Upturn
Stocks to watch on brokerages today, July 10: REC, PFC, Axis Bank, Bharat Dynamics, PNB Housing and more
By Aman Shukla Published on July 10, 2025, 08:27 IST Indian stock markets may see some movement today, July 10, as several brokerages have released fresh views on key companies. Here's a quick look at the latest stock recommendations and target price updates: Morgan Stanley on REC : Initiated Overweight , target price ₹485 Morgan Stanley on PFC : Initiated Overweight , target price ₹508 JM Financial on TIPS Music : Initiated Buy , target price ₹800 Bernstein on Home First : Initiated Outperform , target price ₹1,650 Bernstein on Aptus : Initiated Outperform , target price ₹400 Bernstein on Aadhar Housing : Initiated Outperform , target price ₹550 Bernstein on PNB Housing : Initiated Market Perform , target price ₹1,020 Bernstein on Aavas Financiers : Initiated Market Perform , target price ₹2,070 HSBC on Axis Bank : Maintained Buy , target price ₹1,430 HSBC on Marico : Maintained Buy , raised target price to ₹850 HSBC on Varun Beverages (VBL) : Maintained Buy , cut target price to ₹620 Morgan Stanley on Prestige Estates : Maintained Overweight , target price ₹1,700 Nuvama on Prestige Estates : Maintained Buy , target price ₹2,009 Morgan Stanley on Grasim : Maintained Overweight , target price ₹3,500 JP Morgan on Coal India : Maintained Neutral , target price ₹415 Motilal Oswal (MOSL) on Bharat Dynamics (BDL): Initiated Neutral, target price ₹1,985 Disclaimer: The views and recommendations expressed above are those of the respective brokerage firms. They do not represent the views of this publication and are not investment advice. Investors are advised to consult with certified financial advisors before making any investment decisions. Ahmedabad Plane Crash Axis BankBharat DynamicsPFCPNB HOUSINGRECStock Market Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Upturn
23 minutes ago
- Business Upturn
Top stocks in focus on July 10: HCL Tech, Oil India, JSW Energy, Emcure Pharma, Adani Enterprises and more
Indian stock markets ended lower on Wednesday, with the Sensex falling 176.43 points to 83,536.08 and the Nifty closing 46.40 points down at 25,476.10. Intraday, the Sensex dropped as much as 330 points. On July 10, several companies are expected to be in focus. Enviro Infra: JV wins ₹395 crore pollution control project in Maharashtra HCL Tech: Partners with Astemo Cypremos for autonomous & smart vehicle solutions Elgi Equipments: SBI MF buys 18.12 lakh shares worth ₹96.4 crore FASTag Data: Q1 toll collections up 19.6% YoY to ₹20,681 crore; users rise 16.2% Oil India: Signs gas supply deal with GAIL for 900,000 SCMD Titagarh Rail: To issue ₹200 crore worth of convertible warrants at ₹945 each to promoters IDBI Bank: Share purchase agreement under inter-ministerial review Crizac: Abakkus Asset Manager buys 36.72 lakh shares at ₹298.33 Redington: Signs distribution agreement with Amazon Web Services NIIT Learnings: Acquires MST Holding GmbH and subsidiary for EUR 22.4 million JSW Energy: Added to FTSE4Good Index Emcure Pharma: Ahmedabad facility clears US FDA inspection without observations Prestige: Reports ₹12,126 crore in sales, up 300% YoY; sold 4,718 units Adani Enterprises: In talks to raise $250 million from MUFG RailTel: Bags ₹17.48 crore work order from Chhattisgarh Govt ACC Ltd: Commissions 1.5 MTPA grinding unit at Sindri, Jharkhand Panacea Biotec: Settles arbitration with Apotex Inc.; to receive $2 million Wipro: To announce quarterly earnings on July 17 Akzo Nobel: Asian Paints sells 4.42% stake in the company LCC Infotech: Whole-time Director & CFO Pratik Lakhotia resigns KPT Industries: CARE reaffirms credit rating at BBB; Stable Arvind Smart: Appoints Inshul Sahni as Associate VP – Strategy Granules India: Extends corporate guarantee to MUFG, Singapore for CHF 25.5M MPhasis: IT Dept reduces tax demand from ₹1,165 Cr to ₹583 Cr Satin Creditcare: Plans to raise funds via NCDs Amber Enterprises: To consider fundraising of up to ₹2,500 crore on July 12 Waaree Energies: To offload 2.4% stake in Indosolar via OFS on July 10–11 Adani Enterprises: ₹1,000 crore bond issue fully subscribed in 3 hours UPL: Acquires 100% in Wuhan Advanta Seeds for $4,200 Easy Trip Planners: Rollins International withdraws from proposed transaction Quick Heal: CEO Vishal Salvi resigns, effective Aug 31 Syrma SGS: Denies reports of ₹1,800 crore PCB plant in Andhra LIC: Govt approves Offer for Sale as part of FY26 disinvestment plan Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Adani enterprisesEmcure PharmaHCL TechJSW EnergyOil IndiaStock Market Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Yahoo
an hour ago
- Yahoo
Sugar Prices Close Lower on Warmer Temps in Brazil
October NY world sugar #11 (SBV25) on Tuesday closed down -0.15 (-0.92%), and August London ICE white sugar #5 (SWQ25) closed down -0.90 (-0.19%). Sugar prices settled lower Tuesday and have been under pressure the past two sessions following the removal of the frost risk from weather forecasts in Brazil. Tuesday's rally in the dollar index (DXY00) to a 1.5-week high also weighed on sugar prices. Coffee Prices Sink as Brazil's Coffee Harvest Accelerates It's Game Time for Grains: What to Watch as Critical Period for Corn, Soybeans Begins Global Corn Demand Soars, U.S. Supply in Focus—Can You Capitalize on This Market Shift? Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! The early arrival of the monsoon season in India has bolstered the outlook for a bumper sugar crop and is a negative factor for sugar prices. On Monday, the India Meteorological Department reported that rainfall in June was 9% above normal in India and has forecast above-normal rain for July. Sugar prices have plummeted over the past three months due to expectations of a global sugar surplus. Last Wednesday, October NY sugar posted a contract low, and last Monday, the July NY sugar contract posted a 4.25-year low on the nearest-futures chart. Last Wednesday, Aug London sugar posted a 3.75-year nearest-futures low. Last Monday, commodities trader Czarnikow projected a 7.5 MMT global sugar surplus for the 2025/26 season, the largest surplus in 8 years. On May 22, the USDA, in its biannual report, projected that global 2025/26 sugar production would increase by +4.7% y/y to a record 189.318 million metric tons (MMT), with global sugar ending stocks at 41.188 MMT, up 7.5% year-over-year. The outlook for higher sugar production in India, the world's second-largest producer, is bearish for prices. On June 2, India's National Federation of Cooperative Sugar Factories projected that India's 2025/26 sugar production would climb +19% y/y to 35 MMT, citing larger planted cane acreage. The outlook for abundant rainfall in India could lead to a bumper sugar crop, which is bearish for prices. On April 15, India's Ministry of Earth Sciences projected an above-normal monsoon this year, with total rainfall forecast to be 105% of the long-term average. India's monsoon season runs from June through September. Signs of larger global sugar output are negative for prices. On May 22, the USDA's Foreign Agricultural Service (FAS) predicted that Brazil's 2025/26 sugar production would rise +2.3% y/y to a record 44.7 MMT. Also, India's 2025/26 sugar production is projected to rise +25% y/y to 35.3 MMT, citing favorable monsoon rains and increased sugar acreage. In addition, Thailand's 2025/26 sugar production is expected to climb +2% y/y to 10.3 MMT. In a bearish factor, the Indian government said on January 20 that it would allow its sugar mills to export 1 MMT of sugar this season, easing the restrictions placed on sugar exports in 2023. India has restricted sugar exports since October 2023 to maintain adequate domestic supplies. India allowed mills to export only 6.1 MMT of sugar during the 2022/23 season to September 30, after allowing exports of a record 11.1 MMT in the previous season. However, the ISMA projects that India's 2024/25 sugar production will fall by -17.5% y/y to a 5-year low of 26.2 MMT. Also, the ISMA reported last Monday that India's sugar production from Oct 1-May 15 was 25.74 MMT, down -17% from the same period last year. In addition, Indian Food Secretary Chopra said on May 1 that India's 2024/25 sugar exports may only total 800,000 MT, below earlier expectations of 1 MMT. The outlook for higher sugar production in Thailand is bearish for sugar prices. On May 2, Thailand's Office of the Cane and Sugar Board reported that Thailand's 2024/25 sugar production rose +14% y/y to 10.00 MMT. Thailand is the world's third-largest sugar producer and the second-largest exporter of sugar. Sugar prices have some support from reduced sugar production in Brazil. Unica reported Monday that the cumulative 2025/26 Brazil Center-South sugar output through mid-June is down by -14.6% y/y to 9.404 MMT. Last month, Conab, Brazil's government crop forecasting agency, said 2024/25 Brazil sugar production fell by -3.4% y/y to 44.118 MMT, citing lower sugarcane yields due to drought and excessive heat. The International Sugar Organization (ISO) raised its 2024/25 global sugar deficit forecast to a 9-year high of -5.47 MMT on May 15, up from a February forecast of -4.88 MMT. This indicates a tightening market following the 2023/24 global sugar surplus of 1.31 MMT. ISO also cut its 2024/25 global sugar production forecast to 174.8 MMT from a February forecast of 175.5 MMT. The USDA, in its bi-annual report released May 22, projected that global 2025/26 sugar production would climb +4.7% y/y to a record 189.318 MMT and that global 2025/26 human sugar consumption would increase +1.4% y/y to a record 177.921 MMT. The USDA also forecasted that 2025/26 global sugar ending stocks would climb +7.5% y/y to 41.188 MMT. On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
