“So, one needs to be very-very stock specific and look at opportunities in this kind of volatility and whenever the pain is there you will hear noises like do not buy any stock, do not buy midcap and smallcap at all,” says Neeraj Dewan, Market Expert.What do you make of the market mood, how much … Read more
Nearly 748 companies will announce their quarterly earnings this week. Key results to watch out include from Asian Paints, Titan, Airtel, Power Grid, Divi’s Labs, Tata Power, Torrent Power, Info Edge, Swiggy, SBI, ITC, Trent, Britannia, LIC, M&M, NHPC, Oil India among others. Here’s what to look forward to on the earnings front: February 3 … Read more
Telecom operator Vodafone Idea today found another backer when global broking firm UBS upgraded the stock to buy with a target price of Rs 18, saying that it is expecting relief on government dues as well as a mobile price increase. Following the upgrade, the stock jumped over 5% to Rs 14.82. “We believe the … Read more
Airtel reported a 4.4% rise in its profit before exceptional items and taxes to ₹52.34 billion. File | Photo Credit: Reuters Indian telecom operator Bharti Airtel reported fourth-quarter revenue below expectations on Tuesday, hurt by currency devaluation in Africa. India’s second-ranked telecom carrier by subscribers said consolidated revenue from operations rose 4.4% to ₹375.99 billion … Read more
The fourth quarter results season is coming to a fag-end, and analysts said despite earnings largely meeting expectations, there is a noticeable moderation in the overall earnings landscape. Some notable companies that will announce their earnings this week include Varun Beverages, Zomato, Airtel, Siemens, Power Finance Corp, Mahindra and Mahindra, HAL, and JSW Steel, among … Read more
Fintech unicorn Razorpay said today that it is launching its own UPI infrastructure. Named UPI Switch, this product, which is developed in association with Airtel Payments Bank, will be cloud-based and is designed to enhance success rates by 4-5% and can manage up to 10,000 transactions per second (TPS). As per the company, the UPI … Read more
After a steady response on Day 1, the initial public offering (IPO) of Bharti Hexacom was subscribed 50% so far on the second day of the bidding process. The Rs 4,275 crore issue will close on April 5. The category reserved for retail investors was booked the most at 79%, followed by NIIs at 71% … Read more
US brokerage Jefferies has maintained a buy view on Bharti Airtel and MGL while Cummins India received a ratings upgrade from HSBC. Among other notable brokerage actions, BofA reiterated a buy view on NBFC play Bajaj Finance while CLSA initiated a coverage on Avenue Supermarts. Kotak Securities also upgraded IRB Infrastructure to ‘Add’ from an … Read more
Brokerage firm Jefferies maintained a buy rating on Godrej Properties as well as on Bharti Airtel post Q3 results. CLSA recommended an outperform rating on Britannia Industries and an underperform rating on TTK Prestige. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Jefferies on Godrej Properties: Buy| … Read more
The week gone by saw Nifty50 ending with gains of over 4% riding on the Bharatiya Janata Party’s (BJP) victory in three key states in the Hindi heartland. Significantly higher week-on-week (WoW) action in terms of prominent block deals was witnessed over the five sessions where more than three dozen listed companies reported sizable deals … Read more