The blue-chip CSI300 index rose 0.4% to 4,940.37, while the Shanghai Composite Index gained 0.6% to 3,639.78.
Market experts say penny stocks rose more in the bull market, which attracted investors. However, the gullible ones, entering late, do not get a chance to make an exit. Market experts advise conservative investors to avoid penny stocks.
Malaysian palm oil futures see tight production in the first half of 2022 expected to keep prices firm next year
A total of 10,338 shares changed hands on the counter till time (IST).
Sharekhan has a target of Rs 4,030 on Hero MotoCorp; Emkay Global at Rs 3,700; Motilal at Rs 3,100; Kotak at Rs 2,800.
The stock traded at a P/E multiple of 8.28, while the price-to-book value ratio stood at 2.36.
Commodity prices from energy and metals to agricultural products rebounded sharply in 2021, with power fuels leading the rally, driven by tight supplies and a strong economic recovery as COVID-19 vaccinations staved off widespread lockdowns. Global demand for commodities is expected to remain robust in 2022 and underpin prices as the world economy continues to recover, although similar price jumps are unlikely, analysts and traders say.
Birla Corporation Ltd., incorporated in the year 1919, is a Mid Cap company (having a market cap of Rs 11111.87 Crore) operating in Cement sector.
The brokerage has a target of Rs 2270 on the stock, suggesting a 5 per cent upside from current levels. The figure is, however, below 47 per cent from the all-time high level of Rs 3,348.
"We are looking upon more headwinds than tailwinds now," says the Zerodha CIO
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