Zee Entertainment, which has seen its shares falling 37 per cent from the recent peak, could see multiple headwinds in the near future, but analysts’ targets so far suggest up to 77 per cent upside on the counter. A fall in network share for two straight quarters, headwinds for advertisers and a lack of clarity … Read more
NEW DELHI: The government’s passing of Taxation Laws (Amendment) Bill, 2021 to nullify retrospective tax demands will give the divestment plans a major lift. While it may add nothing to the Nifty50 target in the near future, it will increase FDI flows in the medium term, analysts said. The development sent shares of Vodafone Idea … Read more
NEW DELHI: Larsen & Toubro is likely to report a multi-fold surge in its net profit, largely on the back of a weak year-ago base. On a sequential basis, profit may actually halve, analysts said. Nomura India noted that execution weakened for the engineering, procurement and construction ( ) companies like L&T during the June … Read more
Mumbai: Avenue Supermarts, owner of , and online job posting website operator (India) are in the running for inclusion in the benchmark Nifty, according to Alternative Research. The brokerage said currently the calculations do not show any confirmed Nifty inclusion or exclusion candidates. Edelweiss said supermarket chain operator Avenue Supermarts meets most of the criteria … Read more
NEW DELHI: Shares of ICICI Bank climbed 6 per cent in Monday’s trade after a host of brokerages raised the targets on the stock following the private lender’s better than expected September quarter results. Nomura India said the prevailing stock valuations provide enough downside comfort. This brokerage increased its target on the stock to Rs … Read more
NEW DELHI: ICICI Bank is expected to report a multi-fold rise in net profit for the September quarter, even as net interest income (NII) for the private lender may see a marginal dip on year-on-year basis. Updates on incremental Covid-related provisions, collection efficiency, BB and below-rated book and restructuring would be keenly followed, analysts said. … Read more
MUMBAI: Radhakishan Damani-owned Avenue Supermarts may see its profit drop by at least a third in the quarter ended September due to lower footfalls on the back of extended lockdowns amid the Covid-19 pandemic. Kotak Institutional Equities expects the company’s net profit to drop 33.5 per cent year-on-year (YoY) to Rs. 221.7 crore, while it … Read more
New Delhi: Shares of Tata Motors traded flat in Friday’s morning trade ahead of the company’s financial result for the quarter ended June 30 later in the day. The scrip was up 0.10 per cent at Rs 103.75, while the benchmark BSE Sensex was down 0.11 per cent at 37,696 at around the same time. … Read more