Hot Stocks: Brokerages view on Honasa Consumer, Paytm, Info Edge and Birlasoft

Hot Stocks: Brokerages view on Honasa Consumer, Paytm, Info Edge and Birlasoft

Brokerage firm Jefferies maintained a buy rating on Honasa Consumer, ICICI Securities recommended a buy on Info Edge India, Geojit recommended a hold on Paytm and Sharekhan has a buy rating on Birlasoft. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Jefferies on Honasa Consumer: Buy| Target … Read more

Info Edge Q2 Results: Profit rises 24% YoY to Rs 209 crore; co declares Rs 10 dividend

Info Edge Q2 Results: Profit rises 24% YoY to Rs 209 crore; co declares Rs 10 dividend

Info Edge reported 24% growth in its standalone net profit at Rs 209 crore for the quarter ended September 2023. It was Rs 168 crore in the year-ago quarter. Revenue from operations grew 11% to Rs 593 crore in the reporting quarter as compared to Rs 532 crore in the corresponding quarter of the previous … Read more

Chart Check: What is RSI signaling for Info Edge which is down by about 10% from August 2023 highs?

Chart Check: What is RSI signaling for Info Edge which is down by about 10% from August 2023 highs?

Info Edge Ltd (Naukri), part of the internet retail industry, has fallen by about 10% from its August 2023 highs but the Relative Strength Index (RSI) has bounced back from oversold territory which suggests that bulls are not ready to give up. Short-to-medium-term traders with high-risk profiles can look to accumulate the stock for a … Read more

Info Edge Q1 Results: PAT rises 35% YoY to Rs 200 crore, sales up 15%

Info Edge Q1 Results: PAT rises 35% YoY to Rs 200 crore, sales up 15%

MUMBAI – Info Edge India, which runs the popular site Naukri.com, reported a good set of numbers for the quarter ended June 2023, with net profit rising 35% year-on-year (YoY) to nearly Rs 200 crore. Revenue from operations grew 15% YoY to Rs 584 crore. Sequentially, the bottomline rose nearly 12%, and the topline increased … Read more

Breakout Stocks: How are Cipla, Zomato and InfoEdge looking on charts for Monday’s trade?

Breakout Stocks: How are Cipla, Zomato and InfoEdge looking on charts for Monday’s trade?

Indian market bounced back after falling for 3 consecutive days on Friday. The S&P BSE Sensex rose nearly 500 points while the Nifty50 managed to close above 19500 levels. Sectorally, buying was seen in IT, telecom, energy and realty stocks while some selling was seen in public sector, auto, power and utilities. Stocks that were … Read more

Vinit Bolinjkar on why Mahindras are picking stake in RBL

Vinit Bolinjkar on why Mahindras are picking stake in RBL

Vinit Bolinjkar, Head-Equity Research, Ventura Securities, says RBL is definitely a stock to buy. So, irrespective of Mahindra putting money into this stock, we had a buy on this stock at Rs 130 with a target of Rs 260. Today, we are sitting around 210-220 odd levels still a way to go and our estimates … Read more

Hot Stocks: Brokerage view on Vedanta, AU Small Finance Bank, Info Edge and Hindalco

Hot Stocks: Brokerage view on Vedanta, AU Small Finance Bank, Info Edge and Hindalco

Brokerage firm JPMorgan downgraded Vedanta to a neutral rating, maintained underweight stance on Hindustan Zinc and retained overweight on Hindalco. Citi downgraded AU Small Finance Bank to neutral and Macquarie has an underperform rating on Info Edge. We have collated a list of recommendations from top brokerage firms from ETNow and other sources:JPMorgan on Vedanta … Read more

Chart Check: Info Edge back above 200-DMA on daily charts; near term target seen at Rs 4,400

Chart Check: Info Edge back above 200-DMA on daily charts; near term target seen at Rs 4,400

Info Edge, part of the consumer services industry, might be down by about 16% from August 2022 highs but recent price action suggests that bulls are not ready to give up yet and the stock could well surge past Rs 4,000-4,400 levels, suggest experts. The stock hit a 52-week high of Rs 4,624 on 26th … Read more

Learn with ETMarkets: Why are exits more vital than entries

Learn with ETMarkets: Why are exits more vital than entries

When you buy a share, you are so full of optimism. You picture your stock rallying to new highs and becoming a multi-bagger. So entries are easier decisions to make. Exits, however, are an entirely different ballgame. When you exit a profitable position, you are always worried that the stock could still go up further … Read more