Amid improving profitability and strong revenue growth, a clutch of India’s internet-focused stocks have shed the tag of being just great business models without earnings. An analysis of the Nifty India Internet index shows eight stocks delivering double-digit returns of up to 80% when India’s headline index Nifty has slipped 1.4%. Leading the rally is … Read more
Brokerage firm BofA Securities maintained a buy rating on Bajaj Finance, Macquarie maintained an outperform rating on HDFC Bank, Nomura retained a buy rating on Bharat Forge and it has a buy rating on CarTrade. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: BofA on Bajaj Finance: … Read more
New Delhi: Investors of the new-age companies feared a deja-vu on Dalal Street on Monday after the stock of dropped sharply after its mandatory lock-in ended on August 20. The companies, which are professionally managed and have no identifiable promoters, have a mandatory lock-in of one year for all pre-IPO equity shareholders from the date … Read more