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
Reflecting the muted performance of equity markets in fiscal 2023, the funds raised through initial share-sales in FY23 more than halved, compared with previous financial year. A total of 37 companies hit the primary markets in FY23 raising just over Rs 51,000 crore as against 53 IPOs garnering over 1.11 lakh crore in FY22, according … Read more
Shares of logistics company Delhivery declined nearly 6% to Rs 298 in Monday’s intraday trade after the company’s net loss widened to Rs 196 crore for the third quarter ended December, compared with Rs 126 crore in the same quarter of last year. Its revenue from operations fell 9% to Rs 1,823 crore for the … Read more
Logistics services provider Delhivery, which will release earnings on Friday, is expected to trim its losses in the quarter ended December on the back of growth in the express parcel division. However, the partial truck load (PTL) freight business is likely to see muted growth. For the September quarter, Delhivery had reported a 20% on … Read more
Global brokerage HSBC maintained a buy rating on , Credit Suisse retained an outperform tag on , HSBC maintained a buy on Delhivery and JPMorgan maintained its neutral stance on . We have collated a list of recommendations from top brokerage firms from ETNow and other sources: HSBC on FoodWorks: Buy| Target Rs 750HSBC maintained … Read more
New Delhi: As the result season for the first quarter of the financial year 2022-23 approaches, foreign brokers have turned cautious over Indian equity markets. Goldman Sachs initiated coverage on Delhivery with a neutral rating while Jefferies maintained a bearish view on metal stocks. Goldman Sachs set a target price of Rs 540 on Delhivery … Read more
New Delhi: Amid the ongoing volatility in the stock market, global brokerage firm BofA Securities is bullish on newly listed tech firm Delhivery and auto major . Meanwhile, CLSA has reiterated its positive view on while Morgan Stanley is bearish on another group firm . BofA Securities initiated its coverage on the recently listed logistics … Read more
Last winter, when billionaire Vijay Shekhar Sharma broke into tears while launching IPO at the BSE Towers in Mumbai, it was evident how important the journey to Dalal Street was for the fintech founder. Even though many successful startups like Zoho and Zerodha have chosen to remain bootstrapped, several other unicorns have either launched their … Read more