Shares of Eicher Motors jumped 2.6% to the day’s high of Rs 3,675 on the NSE on Monday despite a weak start to the week from the domestic stock markets. The gains were on strong September quarter earnings and favourable view by top brokerages. Among them were Jefferies CLSA and Nuvama which held on to … Read more
Brokerage firm Macquarie upgraded RIL to neutral post Q2 results while Jefferies downgraded Cipla to hold. Also, Nomura maintained a neutral rating on Maruti Suzuki and Jefferies had a buy rating on Indian Hotels. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Macquarie on RIL: Neutral| Target … Read more
Brokerage firms CLSA and Jefferies maintained a buy rating on Bajaj Finance while Antique initiated coverage on IRCON International, and Emkay initiated a buy rating on Emami. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: CLSA on Bajaj Finance: Buy| Target Rs 9500 CLSA maintained a buy … Read more
Mumbai: Shares of drugmaker Cipla surged nearly 10% on Thursday as analysts raised their price targets on the stock after better-than-expected first quarter results. These analysts have increased their price targets by 2-35%, according to data compiled by Bloomberg. The average price target of the 28 analysts, whose ratings and price targets that have been … Read more
Mumbai: The Securities Appellate Tribunal (SAT) on Tuesday stayed the Securities Exchange Board of India’s June 19 order prohibiting IIFL Securities from onboarding new clients for two years for alleged regulatory violations that pertain to segregation of clients’ funds. Following the SAT stay, IIFL Securities shares surged 3.9% on Tuesday. The regulator, in its order, … Read more
Mumbai: Shares of Jindal Steel and Power could double in three years helped by capacity addition and an improvement in profitability which can help the steelmaker drive sector-leading growth while its balance sheet remains robust, Kotak Institutional Equities said on Monday. The brokerage has projected the stock to touch ₹1,088 by FY27, implying a compounded … Read more
Mumbai: US brokerage firm JP Morgan maintained its underweight stance on the Indian IT sector and said the technology services companies remain at continuous risk of earnings de-rating and downgrades. Revenue growth trends have normalised to single digits as witnessed prior to the outbreak of the Covid-19 pandemic, it said. “TCS and Infosys‘ very disappointing … Read more
Traders are scouring the market for stock bets that could benefit from a likely harsh summer. Brokerage Jefferies said companies benefiting from a strong summer belong to makers of fans, air conditioners, refrigerators, agriculture pipes, air coolers and pumps. Agencies The firm’s top picks in these segments are Crompton Consumer, V-Guard Industries, Amber Enterprises, Finolex … Read more
The larger question here is that do people believe that the business model of , the digital payment bank and do they have the execution capability to turn it around using the underlying data base to sell loan products, to sell wealth brokerage, mutual funds so on and so forth says Hemang Jani, Equity Strategist … Read more
Mumbai: Small-cap consumer stocks could give better returns than their larger peers if demand recovery in the fast-moving consumer goods (FMCGs) space is robust, said . , Barbeque-Nation Hospitality, Mrs Bectors Food, and V-Mart are among the brokerage‘s top picks among smaller consumer companies. IIFL’s price targets for these stocks imply a 22-28% upside from … Read more