Digant Haria, Co-founder, GreenEdge Wealth, says IT stocks face muted expectations due to AI risks and economic uncertainty, favoring technical trading over fundamental analysis. The defence sector, experiencing strong growth between 2020 and 2024, boasts of high order books and positive sentiment. While existing investors can benefit, new entrants might find better opportunities in related … Read more
Shares of Grasim Industries climbed as much as 4.4% on Tuesday to Rs 2,723.50 on the BSE after Morgan Stanley upgraded the stock to ‘Overweight’ from ‘Equal-weight’ and raised its target price to Rs 3,500 from Rs 2,975. The brokerage also named the Aditya Birla Group company a “top pick in coverage”, citing “multiple opportunities … Read more
India Inc’s Q4 FY25 earnings season continues this week, with 81 companies scheduled to release their financial results. Key names to watch include ITC, Sun Pharma, IndusInd Bank, Power Grid Corporation of India, Hindalco, Interglobe Aviation (IndiGo), ONGC, Bharat Electronics, DLF, Dixon Technologies, Solar Industries, United Spirits, Ashok Leyland, Grasim, RVNL, and Honasa Consumer. Here … Read more
Grasim on Monday reported a 41% year-on-year (YoY) decline in its consolidated net profit at Rs 899 crore in the third quarter. Revenue from operations during the same period rose 9% YoY to Rs 34,793 crore. On a standalone basis, the company reported a net loss of Rs 168 crore. The profit growth was dragged … Read more
“Also, the marriage season is going to be better and that will help a lot of the discretionary demand in terms of gifting, in terms of paints, etc. So, we do see that volume growth for most companies in H2 should be better, plus pricing growth of 2% to 3% will gradually come back,” says … Read more
Brokerage firm CLSA has an underperform rating on Jubilant Foodworks while Jeffries has a hold and buy view on Trent and Honasa respectively. Citi has a buy view on Grasim and Kotak Equities has a sell rating on Siemens. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: … Read more
Brokerage firms such as Morgan Stanley maintained an underweight rating on Amara Raja, Macquarie has an underperform tag on United Spirits, HSBC has a buy call on Dixon Technologies, while Jefferies has a buy rating on Grasim. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Morgan Stanley … Read more
Indian market is likely to trade higher on Wednesday tracking positive global cues. The Nifty future closed positive with gains of 0.27% at 22231 levels on Tuesday. India VIX moved up by 0.31% from 16.02 to 16.07 levels. Positive trading setup was seen in stocks like Power Grid, Deepak Nitrite, Aarti Industries, BHEL, HDFC Bank, … Read more
Indian market is likely to consolidate on Tuesday tracking mixed global cues. The Nifty future closed positive with gains of 0.32% at 22167 levels on Monday. India VIX moved up by 5.22% from 15.22 to 16.02 levels. Volatility slightly rose but created momentum for the bulls. Positive setup was seen in stocks like GMR Infra, … Read more
Mumbai: The dynamics of stock leadership on Dalal Street has undergone a change of late with stalwarts of the recent past taking a backseat and giving way to new stars. Gone are the days when bluechip consumer, private financials and information technology (IT) dominated the performance of the Nifty for nearly a decade. Now, the … Read more