Mumbai: HDFC Asset Management Company, Bosch, Muthoot Finance, Cummins India, Polycab India, Dixon Technologies, Swiggy and Canara Bank are likely to be upgraded from mid-cap to large-cap in the next Association of Mutual Fund in India’s semi-annual reclassification in January 2026, according to Nuvama Alternative & Quantitative Research. The mutual fund industry body announces the … Read more
Home appliances maker Orient Electric posted an over two-fold rise in fourth-quarter profit on Friday, helped by strong demand for its fans and air coolers with the onset of summer. The company’s profit rose to 312.6 million rupees ($3.66 million) in the quarter ended March 31, from 128 million rupees a year ago. Revenue from … Read more
The fourth quarter earnings season is picking up momentum and on Tuesday as many as 16 companies will announce their quarterly numbers. Key earnings to watch out include from Waaree Energies, Tata Communications and HCL Tech. Apart from the above, Cyient DLM, Havells India, Delta Corp, JMU Fintech, Mahindra Financial, Hathway Cable and Datacom, Choice … Read more
Mumbai: The Adani Group is set to enter the estimated ₹75,000-crore wires and cables business, its proposed foray denting the stocks of incumbents Thursday, as competitive intensity increases in an industry that saw the entry of another large conglomerate a few weeks ago. Kutch Copper, a wholly-owned subsidiary of group incubator and flagship, Adani Enterprises, … Read more
Angel One and Havells India among several companies are set to attract investor attention in the coming week as their record dates for various corporate actions approach. These actions include dividends, stock splits, and bonus share issuances. The record date is the critical cutoff for determining shareholder eligibility for corporate benefits such as dividends, stock … Read more
Indian market snapped 5-day winning streak on Friday to close in the red tracking muted global cues. The S&P BSE Sensex fell more than 600 points while the Nifty50 managed to hold on to 22,400 levels. Sectorally, buying was seen in healthcare, realty, public sector and consumer durable while selling was seen in capital goods, … Read more
Indian market is likely to trade higher on Thursday tracking positive global cues. The Nifty50 experienced a sharp correction on Wednesday, but it managed to hold on to the 22000 level towards the close of the trade. The market may go sideways after a sharp rise and that may be considered as healthy from the … Read more
Brokerage firm CLSA maintained a sell rating on JSW Energy, UBS upgraded Havells India to a buy rating, Bernstein maintained an outperform rating on HDFC Bank, and Nuvama retained a hold rating on Sheela Foam. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: CLSA on JSW Energy: … Read more
“I think over the last couple of years because of the huge fluctuation in raw material prices, it was difficult to pass on the entire cost to the market. And hence, with some stabilisation, we believe that stability in margins will come, maybe some improvement or at least coming back to normalised levels for core … Read more
Global brokerage firm Credit Suisse maintained an underperform rating on and outperform rating on Havells India; BofA Securities retained a buy call on , and CLSA maintained an outperform rating on . We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Credit Suisse on AU Small Finance Bank: … Read more