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2025-01-12

An Extremely Rare PlayStation 5 Deal and 60+ More PS5 Black Friday Discounts You Should See TodayDespite a recent market correction, RVNL and Tata Power stocks, previously strong performers, have shown declines. An expert analysis suggests potential upside for RVNL, with a buy recommendation above Rs 463 targeting Rs 550, but advises a stop-loss at Rs 408. For Tata Power, a buy range of Rs 397-410 is suggested, targeting Rs 490-500, with a stop-loss at Rs 370. New Delhi: Many Railway and power sector stocks have given strong returns to their investors in the last one year. However, the shares recorded a certain amount of decline during the recent ‘market correction’. Two stocks – Rail Vikas Nigam Limited (RVNL) and Tata Power have given bumper returns to the shareholders. However, these two counters also witnessed a drop. RVNL share price target RVNL shares have recorded a continuous decline in the recent months. The railway stock is tagged as a multibagger and is very popular amongst the investors. Recently, the scrip had increased to the level of Rs 480, but from there it is continuously falling. In the last one year, this stock has given returns of more than 130 per cent. On December 27, 2024 RVNL share price closed at Rs 425.25. Commenting on the RVNL share price, Sharad Mishra, CIO of sharadmishra.com, said that a good breakout was seen in RVNL shares. Its financial results were also good. However, despite this the stock did not move. He said that this happened due to market weakness. The strike base of the stock is around Rs 408. Those who have RVNL shares should maintain a Stop Loss at Rs 408. If it goes below this, you can sell the position. He said that a big move in the stock can come if it reaches Rs 463. If the stock sustains its movement at this levels, it can go up to Rs 550. He advised the investors to buy the stock when there is a big upside move in the stocks. Tata Power share price target Giving his opinion on Tata Power stock, the market expert said that a broad top pattern is being formed inside Tata Power and interested investors can purchase the stock in the range of Rs 397-Rs 410. Stop loss can positioned at Rs 370, he added. Mishra advised the Tata Power shareholders to sell their positions if it closes below Rs 370. This zone has been tested many times. “If you see, this zone test has been done several times after around April 2024. Next its elid web takes it towards Rs 457 to Rs 460. If you hold some position, you can see targets of Rs 490 to 500,” the expert added. ( Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds .) Click for more latest Markets news . Also get top headlines and latest news from India and around the world at News9. Biplob Ghosal is Online News Editor (Business) at TV9’s digital arm - News9live.com. Leading the english business editorial team, he writes on various issues related to stock markets, economy and companies. Having over a decade of experience in financial and political journalism, Biplob has been previously associated with Timesnownews.com, Zeenews. He is an alumnus of Makhanlal Chaturvedi Rashtriya Patrakarita Vishwavidyalaya. Follow him at @Biplob_ghosal.lucky meaning

7 Infra developments in Visakhapatnam this week you can’t miss

SAN DIEGO, Nov. 23, 2024 (GLOBE NEWSWIRE) -- The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers of Hasbro, Inc. HAS common stock between February 7, 2022 and October 25, 2023, inclusive (the "Class Period"), have until January 13, 2025 to seek appointment as lead plaintiff of the Hasbro class action lawsuit. Captioned West Palm Beach Firefighters' Pension Fund v. Hasbro, Inc. , No. 24-cv-08633 (S.D.N.Y.), the Hasbro class action lawsuit charges Hasbro as well as certain of Hasbro's top current and former executives with violations of the Securities Exchange Act of 1934. If you suffered substantial losses and wish to serve as lead plaintiff of the Hasbro class action lawsuit, please provide your information here: https://www.rgrdlaw.com/cases-hasbro-inc-class-action-lawsuit-has.html You can also contact attorneys J.C. Sanchez or Jennifer N. Caringal of Robbins Geller by calling 800/449-4900 or via e-mail at info@rgrdlaw.com . CASE ALLEGATIONS : Hasbro operates as a toy and game company. The Hasbro class action lawsuit alleges that defendants throughout the Class Period misrepresented the quality of inventory and the appropriateness of the levels of inventories carried by Hasbro and its retailers compared to customer demand. In truth, the Hasbro class action alleges that Hasbro had a significant buildup of inventory that it was struggling to manage and which far exceeded customer demand. The Hasbro class action lawsuit alleges that on January 26, 2023, Hasbro previewed its fourth quarter results for fiscal year 2022 and admitted that revenue would contract by 17% year-over-year. To combat weakening sales, Hasbro announced it would be laying off 15% of its global work force, and at the same time disclosed the immediate departure of its COO, defendant Eric Nyman, the complaint alleges. On this news, the price of Hasbro common stock fell by more than 8%, according to the Hasbro class action lawsuit. Then, on October 26, 2023, the Hasbro class action lawsuit further alleges that in announcing its financial results for the third quarter of fiscal year 2023, Hasbro revealed an 18% decline in Consumer Product revenues year-over-year, along with a significant reduction in guidance for the remainder of the year. In the attendant earnings call, Hasbro's CEO, defendant Gina Goetter, further revealed that Hasbro was forecasting "$50-ish million of one-time cost" that was to be spent on "mov[ing] through inventory at the retailer level, extra marketing to move through the inventory, [and] extra obsolescence cost" in its Consumer Products segment, according to the complaint. On this news, the price of Hasbro common stock fell by an additional 11.7%, according to the Hasbro class action lawsuit. THE LEAD PLAINTIFF PROCESS : The Private Securities Litigation Reform Act of 1995 permits any investor who purchased Hasbro common stock during the Class Period to seek appointment as lead plaintiff in the Hasbro class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Hasbro class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Hasbro class action lawsuit. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Hasbro class action lawsuit. ABOUT ROBBINS GELLER : Robbins Geller Rudman & Dowd LLP is one of the world's leading law firms representing investors in securities fraud cases. Our Firm has been #1 in the ISS Securities Class Action Services rankings for six out of the last ten years for securing the most monetary relief for investors. We recovered $6.6 billion for investors in securities-related class action cases – over $2.2 billion more than any other law firm in the last four years. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs' firms in the world and the Firm's attorneys have obtained many of the largest securities class action recoveries in history, including the largest securities class action recovery ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information: https://www.rgrdlaw.com/services-litigation-securities-fraud.html Past results do not guarantee future outcomes. Services may be performed by attorneys in any of our offices. Contact: Robbins Geller Rudman & Dowd LLP J.C. Sanchez, Jennifer N. Caringal 655 W. Broadway, Suite 1900, San Diego, CA 92101 800-449-4900 info@rgrdlaw.com © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Don McHenry scores 7 of his 29 points in OT to rally Western Kentucky past Murray State 81-76Guan Zhiou's appointment as the Secretary of the Party Group of the Ministry of Natural Resources reflects the Party's confidence in his leadership capabilities and vision for the future. His experience as a member of the provincial Party committee in Shandong has prepared him well for this new role, and his innovative approaches to governance and policy implementation will undoubtedly have a positive impact on China's environmental protection efforts.

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