“I do not cover FMCG so far. But on restaurants, I am outperform on Jubilant and Devyani, the two larger players, while being underperform on Westlife and market perform on Sapphire,” says Jignanshu Gor, Bernstein India.Let us pick it up from where Mr Mehta left. You think elephants will continue to dance? India is a … Read more
Brokerage Citigroup maintained a buy rating on Adani Ports, CLSA maintained a buy rating on D-Mart, Macquarie initiated coverage on AB Capital and Jefferies has a buy rating on BEL. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Jefferies on Defence: BEL, HAL, Data Patterns Jefferies maintained … Read more
Brokerage firm Jefferies maintained a buy rating on HDFC Bank post-Q2 results while Axis Capital initiated coverage on Deepak Nitrite with a buy rating. Kotak Institutional Equities maintained a buy rating on Federal Bank and Jefferies recommended a buy on Dalmia Bharat. We have collated a list of recommendations from top brokerage firms from ETNow … Read more
Also, Macquarie maintained a neutral stance on HDFC Life and Goldman Sachs recommended a buy on Paytm. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Jefferies on Avenue Supermarts (D-Mart): Hold| Target Rs 3850 Jefferies maintained a hold rating on Avenue Supermarts (D-Mart) but raised the target … Read more
Radhakishan Damani-owned ’ revenue growth slowed down on a sequential basis in the quarter ended December, even though the company posted a double-digit rise in the topline. The company, which operates D-Mart chain of supermarkets, saw revenue rising 25% year on year (YoY) in the period of October-December to Rs 11,305 crore, according to the … Read more
Global brokerage Morgan Stanley maintained its overweight rating on , JPMorgan remained underweight on D-Mart and , BofA Securities maintained its buy rating on and Citigroup maintained sell call on . We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Morgan Stanley on ICICI Prudential: Overweight | Target … Read more
Recovery in the second half of 4QFY22 offset the impact of the Omicron Covid wave. While the business was impacted for 35-40 days in 4QFY22, a quick recovery was seen in the latter part of the quarter. Sales in January 2022 and in mid-February 2022 were affected by the onset of the Omicron Covid wave. … Read more
NEW DELHI: Radhakishan Damani owned , which operates D-Mart store in the Western India, is set to report up to 5-fold increase quarter-on-quarter in profits, albeit on a low base, when it published its results on Saturday. Analysts tracking the company said it will report 48-52 per cent sequential and 45-47 per cent annual growth … Read more