“Qatar has recently come up with anti-dumping duties on the Morbi Ceramic products, that is one negative thing. Container freight rates are still much-much higher as compared to the last year. Thirdly, credit period crunch is also one more issue based upon our sources it is indicating. And lastly, on the domestic demand is not … Read more
“So, pretty steep price hike that is required to sort of restore the margins to what they were, let us say, from an FY24 benchmark perspective,” says Probal Sen, ICICI Securities.Firstly, this is the second cut that we have seen when it comes to the APM gas allocation. So, cumulatively, how much has been the … Read more
Dipan Mehta, Director, Elixir Equities, says the question that everybody on the Street will ask the IT company is how big is this AI opportunity. Is it for real? Is it going to translate into double-digit growth rates for the next four to five years for IT companies? If we get a positive response over … Read more
Brokerage Investec upgraded Marico to a buy from hold, Jefferies maintained a buy rating on Godrej Consumer, JPMorgan maintained an underweight rating on Gujarat Gas, and a neutral stance on Lupin. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Investec on Marico: Buy| Target Rs 616 Investec … Read more
There are a host of corporate actions scheduled for this week. IRFC, Jindal Stainless, Gujarat Gas, Jupiter Wagons, Gokaldas Exports, and Landmark Cars will trade ex-dividend, while Power Grid Corporation will trade ex-bonus this week. The ex-dividend date is when the price of the equity shares of a company gets adjusted for the dividend payout. … Read more
Sanjiv Bhasin, Director, IIFL Securities, says “in largecaps, this is a brilliant opportunity for Maruti, Lupin, Apollo Hospital and last but not least, Gujarat Gas. The largest city gas distribution and gas prices globally have fallen. Their margins will only rise and volumes will pick up. At Rs 458-460, I think this stock is headed … Read more
Brokerage firm such as Morgan Stanley has an overweight rating on InterGlobe Aviation (Indigo), CLSA retained its buy rating on ICICI Lombard, Jefferies initiate a buy rating on JB Pharma, and AnandRathi has a buy rating on Gujarat Gas. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: … Read more
Global brokerage firm HSBC maintained a buy rating on VRL Logistics, Macquarie retained an underperform rating on Nykaa, Antique initiated a buy recommendation on Titagarh Wagons and Citigroup has a buy rating on MGL. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: HSBC on VRL Logistics: Buy| … Read more
Shares of Gujarat state public sector undertakings (PSUs) zoomed up to 17% in Wednesday’s trade after the state government announced a new policy for minimum levels of dividend distribution and bonus shares for its PSUs including listed companies. Shares of Gujarat Industries Power rallied 17% to Rs 89 on the BSE in today’s intraday trade, … Read more
The Indian market opened higher on Wednesday. The Nifty 50 index rose 103 points or 0.60% to 17,407, while the S&P BSE Sensex surged 346 points or 0.59% to 59,308, as of 9.22 am. The markets closed in the red for the eighth consecutive day in a row on Tuesday and the global setup suggests … Read more