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JP Morgan stays 'overweight' on RIL, cites better outlook

Posted by Able on June 05, 2025

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JP Morgan maintains 'Overweight' rating on Reliance Industries, raises price target to ₹1,568, anticipating a 10.2% upside based on improved earnings outlook over the next two years.

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Stock Market LIVE Updates: Hong Kong stocks notch 9-day winning streak in longest rally since 2018

Hong Kong stocks extended their rally on Friday, supported by ongoing positive market sentiment fueled by China's increased economic stimulus measures. The Hang Seng Index surged by 1.5%, marking its ninth consecutive day of gains, the longest winning streak since January 2018. Hong Kong-listed Chinese tech giants also saw continued gains, closing 2.7% higher.

Jiraaf launches India’s first Bond Analyser to decode fixed-income investing

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After challenging FY25, Apollo Tyres looking ahead with cautious optimism

After enduring a challenging year in FY25, Apollo Tyres is looking forward with optimism to the opportunities as it sharpens execution and investment in future-ready capabilities, according to company Chairman Onkar Kanwar. In his address to shareholders in the company's annual report for 2024-25, Kanwar said the company has already put in motion key initiatives to drive performance, including expanding passenger car radial (PCR) capacities at its Hungary and Andhra Pradesh plants, with an estimated capex of Rs 1,500 crore. Reflecting on FY25, he said, the company's commitment to the core principles of "profitable growth, market expansion and a relentless focus on cost and quality" remained constant.

JP Morgan stays 'overweight' on RIL, cites better outlook

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