Adani Power Surges, Zomato Target Raised, Vedanta Dividend: BUSINESS BRIEF

by | May 15, 2024 | Business

  • Adani Power shares hit record high: Price targets, buy/sell/hold
    • Adani Power shares hit a record high of Rs 1,000 on May 15, 2024, after the company reported strong Q4 results. Analysts have raised their price targets for the stock, with some recommending a buy and others suggesting a hold.
  • Zomato shares: Why Morgan Stanley upped its price target on stock by 31%
    • Morgan Stanley has raised its price target on Zomato shares by 31% to Rs 250, citing the company’s strong growth prospects and improving profitability. The brokerage firm has maintained its overweight rating on the stock.
  • Vedanta shares rise: Price target, dividend, buy/sell/hold
    • Vedanta shares rose by 3% on May 15, 2024, after the company announced a dividend of Rs 12 per share. Analysts have raised their price targets for the stock, with some recommending a buy and others suggesting a hold.
  • OpenAI co-founder Ilya Sutskever steps down: CEO Sam Altman reacts
    • OpenAI co-founder Ilya Sutskever has stepped down from his role as chief scientist at the company. CEO Sam Altman thanked Sutskever for his contributions and said that he would continue to be involved in the company’s work.
  • Ghost shopping malls are on the rise: Most vacant spaces in Delhi-NCR, report
    • A report by Anarock Property Consultants has found that there are over 100 ghost shopping malls in India, with the highest number of vacant spaces in Delhi-NCR. The report attributes the trend to changing consumer preferences and the rise of e-commerce.
  • India surpassed Japan to become 3rd largest solar power generator in 2023
    • India has surpassed Japan to become the third-largest solar power generator in the world, according to a report by Mercom India Research. The country added 11.5 GW of solar capacity in 2023, taking its total installed capacity to 63 GW.
  • Sukino Healthcare plans to inject over Rs 200 crore in patient care venture into oncology, digital therapies
    • Sukino Healthcare, a Mumbai-based healthcare company, plans to invest over Rs 200 crore in its patient care venture, which focuses on oncology and digital therapies. The company aims to expand its network of cancer care centers and develop new digital health solutions.

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