Brokerage firm CLSA downgraded Delhivery to underperform, Jefferies has a hold rating on Zydus Life and an underperform rating on Anupam Rasayan. Citigroup recommended a buy on Phonix Mills. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: CLSA on Delhivery: Underperform| Target Rs 488 CLSA downgraded Delhivery … Read more
Equity indices eked out marginal gains to settle in the positive zone after a highly volatile trade on Wednesday. The 30-share BSE Sensex climbed 92 points to settle at 66,023, while the Nifty edged higher by 28 points to end at 19,811. Stocks that were in focus included names like Delhivery, which fell 4.15%, CG … Read more
ET is providing these research reports as a complimentary offering to all ETPrime users. Click here to know more. Synopsis In the last one month as more and corners of Dalal street come under control of bulls, stocks from different sectors have seen an improvement in their analyst scores. The selected stocks depict a strong … Read more
Brokerage firms such as Jefferies initiated a hold rating on Mankind Pharma, Bernstein upgraded Delhivery to outperform, ICICI Securities initiated coverage on Suzlon with a buy rating and Motilal Oswal maintained a buy rating on ICICI Lombard. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Motilal Oswal … Read more
On the back of low inflation and lower raw material prices led by a decline in crude oil prices mid and smallcap indices hit their new 52-week high. The Nifty Midcap100 index surged 0.71% to 35,397, while the Nifty smallcap100 index rose 0.78% to 10,824 in Monday’s trade. Meanwhile, since April, Nifty Midcap100 gained 12.5%, … Read more
Brokerage firm Goldman Sachs remained neutral on Nykaa, Macquarie maintained a neutral rating on Reliance Industries, Jefferies has a buy rating on Delhivery, CLSA maintained a buy rating on Hindalco, and UBS resumed a sell rating on Tata Motors. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: … Read more
After e-commerce-focussed logistics company Delhivery reported Q4 earnings broadly in line with the estimates, top brokerages were largely bullish on the counter. While Morgan Stanley remains ‘Overweight’ on the stock, Kotak Institutional Equities has a ‘Buy’ rating on the counter. BofA has a ‘Neutral’ stance on Delhivery. The company reported a 10% decline in its … Read more
Brokerage firm BofA Securities has a buy rating on Muthoot Finance and Zomato, and a neutral rating on Bandhan Bank and Divi’s Laboratories. Morgan Stanley maintained an overweight rating on Delhivery. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: BofA Securities on Muthoot Finance: Buy| Target Rs … Read more
The government is working on a proposal to bring out the policy for online retailers and e-commerce rules under the consumer protection act on the same page to protect consumers, a top official said on Thursday. Secretary of the Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh said that once the … Read more
Only two companies — Hariom Pipe Industries and Venus Pipes and Tubes — that hit Dalal Street in fiscal 2023 have delivered multibagger returns to investors. These two debutants were the best performing among a total of 37 IPOs that flocked to the market last financial year. While Hariom Pipe has tripled investors’ wealth, rising … Read more