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
“One gets the feeling banks are obviously looking a bit better. So, a recovery is around the corner. In terms of levels, 40,500 is the Bank Nifty level to look out for and as far as the Nifty is concerned, I think above 17,440 levels we should at least begin or at least confirm the … Read more
Amid weak global cues and stress over the trajectory of future rate hikes by central banks, the domestic equity market continued its downward trajectory of last week on Monday. While bank stocks showed resilience in morning, IT stocks were the worst affected. “There are indications that on the back of renewed inflation spike, the Fed … Read more
Global brokerage firm Goldman Sachs maintained its neutral stance on , Goldman Sachs also has a neutral rating on , Jefferies maintained underperform rating on while it has a buy rating on Medanta, and Citigroup maintained a buy on Zee Entertainment. We have collated a list of recommendations from top brokerage firms from ETNow and … Read more