Mumbai: Share of Bajaj Finance and its parent Bajaj Finserv tumbled on Tuesday as the lender’s guidance signalling a slowdown in loan demand overshadowed an otherwise strong second-quarter performance. Bajaj Finance’s shares fell 7% to close at ₹1,009.10, while Bajaj Finserv slid 5.9% to end at ₹1,992.9. Benchmark Nifty, however, rose 0.5%. “Although the results … Read more
Shares of state-owned National Aluminium Company Ltd (NALCO) surged for the second consecutive session, rising as much as 2.1% on Tuesday to hit a high of Rs 262.90 on the BSE. The stock has gained 12% over the past two trading days, buoyed by strong September quarter earnings and investor optimism following robust financial performance. … Read more
ET Intelligence Group: Titan Company is likely to sustain the strong momentum seen in the September quarter for the remainder of the fiscal year given an upbeat momentum so far in the third quarter driven by festive and wedding demand and the company’s initiative to offer lower karat jewellery to reduce overall cost for buyers. … Read more
Shares of State Bank of India (SBI) are seeing a surge in investor optimism after the lender’s strong September-quarter results, prompting a series of price target upgrades from analysts. While derivatives data showed fresh bullish positions being built, top brokerages are projecting a 7–20% upside in the stock over the next 12 months. SBI’s standalone … Read more
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