Shares of Hindustan Zinc (HZ) could likely benefit from Silver’s remarkable rally and is emerging as one of the biggest beneficiaries as prices of the precious metal continue to surge, up 63% so far this year to $47 per ounce — sharply higher than $34/oz in Q1FY26 and $30/oz in FY25, Emkay Global said in … Read more
The Sensex has effectively gone nowhere over the past 12 months, posting a -0.7% return and falling behind most global peers, a sobering outcome despite a backdrop of policy tailwinds like GST and income-tax relief, interest rate cuts, and resilient domestic fund inflows. Analysts point to weak corporate earnings, persistent foreign portfolio investor (FPI) selling, … Read more
Shares of Mahindra & Mahindra surged as much as 7.8% to Rs 3,539.25 on Thursday after brokerages flagged the automaker as one of the biggest winners from India’s sweeping Goods and Services Tax (GST) overhaul. Analysts at Jefferies and Emkay Global said the tax restructuring delivers significant relief across automobiles, with SUV tax cuts a … Read more
Indian equities closed out August with a second straight month of losses, as the Nifty fell 1.38% in a holiday-shortened month and recorded its weakest two-month stretch since early 2023. The benchmark index has been weighed down by U.S. tariff shocks, foreign fund outflows, and profit-taking across key sectors. Investors now face a pivotal week … Read more
Motilal Oswal maintains a positive outlook on PNB Housing Finance, giving it a ‘Buy’ rating with a target price of Rs 1,230, citing robust franchise expansion and an attractive risk-reward profile. Synopsis Brokerage houses have issued varied stock recommendations for PNB Housing Finance, PI Industries, and Indoco Remedies. Motilal Oswal is optimistic about PNB Housing … Read more
Following a 12% year-on-year (YoY) decline in Infosys‘ March quarter consolidated net profit and lower-than-estimated revenue, brokerages have slashed their target prices while retaining a ‘Buy’ rating on the stock. Nuvama Institutional Equities and Emkay Global revised their targets downward amid topline miss and prevailing uncertainties. On Thursday, India’s second-largest IT services company by market … Read more
Amid hopes of a recovery in central government capex in H2 and the major announcements from the Union Budget, which is less than two months away, rail stocks were trading higher on Wednesday. Titagarh Rail Systems shares led the rally and were up about 9%. Texmaco Rail shares were trading 6% higher, while those of … Read more
Mumbai : Life Insurance Corporation of India (LIC), the country’s largest insurer, is changing its growth strategy.The June quarter performance shows a clear focus on growth, even as it impacts margins. In the first quarter of FY25, LIC reported a 24% year-on-year increase in its value of new business (VNB) to ₹1,600 crore, largely driven … Read more
Shares of InterGlobe Aviation, which operates IndiGo Airlines, rose nearly 3% in Friday’s trade on BSE to its new 52-week high of Rs 4,520 after the company’s PAT more than doubled to Rs 1,895 crore in Q4. Revenue from operations increased 26% year-on-year (YoY) to Rs 17,825 crore in the reporting quarter while the airline’s … Read more
Shares of Zee Entertainment Enterprises rose nearly 3% to Rs 144.4 in Tuesday’s trade on BSE after the firm reported a profit of Rs 13 crore in the March quarter of FY24, after reporting a loss of Rs 196 crore in the year-ago period. Moreover, the company’s shares closed over 4% higher in a special … Read more