India stocks lower at close of trade; Nifty 50 down 0.11% By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 25 2024
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Source: Investing.com
Market Performance: Indian stocks closed lower, with the Nifty 50 and BSE Sensex both down by 0.11%, primarily due to losses in the Fast Moving Consumer Goods, Metals, and Healthcare sectors. Tata Motors was a notable gainer, while Power Grid Corporation saw significant declines.
Commodity and Currency Updates: Gold futures remained unchanged, crude oil prices showed mixed results, and the USD/INR exchange rate increased by 0.27% to 85.40, indicating slight strengthening of the US dollar against the Indian rupee.
Analyst Views on LCO
Wall Street analysts forecast LCO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for LCO is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 27.375
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Current: 27.375
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
