Share Market Today Live Updates May 20, 2024: Lok Sabha Elections 2024: Voter turnout is low, but process is slow too, says former HDFC Chairman Deepak Parekh

• Lok Sabha Elections 2024: Lok Sabha elections Phase 5 continues with low voter turnout and slow process, as witnessed by Parekh in Mumbai. Deepak Parekh stepped down as HDFC chairman before HDFC’s merger with HDFC Bank in 202

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• Q4 Result: V-Guard share price having risen more than 47% in a year, is trading near 52-week high. As decent growth in Electrical, Electronics segment helped V-Guard’s Q4, its consumer durables, Sunflame sales growth is rising. Here are 4 key reasons why Jefferies expects 19% upside for the stock.

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• Gold prices hit record high fueled by US rate cut speculation and geopolitical tensions. Spot gold price reached $2450.49 per ounce. Central banks continue to accumulate gold. Silver prices also emerged to multi-year highs driven by investment and industrial demand.

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• Both these lenders recently posted their Q4 earnings. They have a similar share price range. So, the question is – which one’s better?

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• PM Modi defends government’s job creation record and discusses stock market investment trends, in an interview with NDTV Profit. He predicts market performance during election week will determine power shift. PSU bank valuations are rising, and programmers are expected to be busy on June 4.

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• The Nifty 50 closed last week with a gain of 2.03%, marking its most significant weekly increase since January 2024, while the Sensex also ended the week with a gain of 1.85%, its highest since January.

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• Go Digit IPO allotment on May 21, refund process from May 22. GMP trend at +22.50, suggesting a premium. Expected listing price at ₹294.5 per share, 8.27% above IPO price.

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• Q4 Results Review: JSW Steel share price has risen 17% in six months scaled 52 week highs on Friday ahead of results posted after market hours. The Q4 earnings were supported by rising production and sales, however impacted by higher coal costs. Should you Buy, Sell or Hold the stock post Q4?

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• Gold And Silver Prices Today:Gold And Silver Prices Today : 10 gm of 24 carat gold was at Rs.75071.0 in Delhi whereas 1 kg of silver was Rs.86460.0 in Delhi.

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• Jeena Sikho Lifecare share price has emerged, with Nuvama initiating coverage with a ‘BUY’ rating and a target price of ₹1,650, anticipating a 47% upside. Jeena Sikho Lifecare’s stock has grown significantly, with a 1,315.52% increase since listing in 2022.

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• Over the last two years, the shares have risen 512%, and in the last 4 years, they are up 654%. With a robust performance in Q4 and FY24, the company anticipates 5-7% growth in two-wheeler and passenger vehicle segments for FY25. SPRL invests in new plants to meet growing demand in auto components.

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• Precious metals gold and silver have emerged this year due to geopolitical uncertainty, sticky inflation, and Fed rate cut hopes. Silver prices in domestic markets are up 18 per cent, trading at ₹86,000/kg, while gold prices have risen 16 per cent, trading near ₹73,000/10g mark.

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• Top Stock Recommendations: Dharmesh Shah of ICICI Securities has recommended two stocks to buy this week – Reliance Industries Ltd (RIL), and Larsen & Toubro Ltd (L&T).

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• Ashish Gupta, chief investment officer, Axis AMC, noted that investors appear to be favoring equities, aiming to allocate a greater portion of their assets in that direction.

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• A robust product pipeline comprising both internal combustion engine (ICE) models and EVs, planned capex of ₹37,000 crore over the next three years and targeted capacity expansion to 72,000 units per month by FY26-end would be the key drivers for the homegrown auto major.

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• NSE and BSE closed on May 20 due to Lok Sabha elections in Mumbai; MCX open from 17:00 to 23:30/23:55; Banks in Belapur and Mumbai also closed; Stock market to resume on May 21 at 9:15 IST after pre-opening session at 9:00 IST.

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