Indian equities ended on a positive note on Thursday, despite weak global sentiment. The Nifty settled with a minor gain of 30 points at 19,465, while the Sensex added 137.5 points, ending at 65,539. Sectorally, the media, realty, and healthcare indices led, while the metal index ended with a decline of 0.94%. Investor sentiment has … Read more
Brokerage firm Morgan Stanley maintained an equal-weight rating on M&M Finance, Macquarie had an outperform rating on Mankind Pharma, Jefferies retained an underperform rating on HPCL, Morgan Stanley had a buy call on Indigo and HSBC maintained a buy on Titan Company.We have collated a list of recommendations from top brokerage firms from ETNow and … Read more
Higher passenger traffic and airfares are likely to help InterGlobe Aviation report a profit for the quarter ended June 2023 as against a loss a year ago. The operator of IndiGo airlines is seen reporting a consolidated net profit of Rs 1,769 crore compared to a loss of Rs 1,064 crore a year ago. Sequentially, … 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
Brokerage firm JPMorgan initiated coverage on Apollo Hospitals with an overweight rating, InCred initiated coverage on HEG with an add rating and Jefferies has a buy rating on Dalmia Bharat. Morgan Stanley downgraded Tata Chemicals to equal-weight and maintained an overweight rating on Indigo. We have collated a list of recommendations from top brokerage firms … Read more
Shares of Adani Transmission, Adani Total Gas and Indus Towers will exit the MSCI Global Standard Index on May 31, 2023, as a part of the May rejig exercise. On the other hand, Max Healthcare Institute, Hindustan Aeronautics (HAL) and Sona BLW Precision Forgings will make an entry into the index. The exit of Adani … Read more
Adani Enterprises was the best performer on the Nifty50 in the week ended Friday, May 26 gaining over 30% during the five trading sessions. It was on the back of 61 block deals which fetched Rs 1,021 crore for the Ahmedabad-based company which has business interests in mining, solar manufacturing and water management among others. … Read more
Interglobe Aviation’s shares gained on Friday after the company reported profit for the January-March quarter against a loss in the corresponding quarter in the year ago period. Following the Q4 show, Credit Suisse maintained an ‘Outperform’ rating on the counter while other top brokerages have a ‘Buy’ stance. The company which operates its airline under … Read more
Brokerage firm Credit Suisse maintained an outperform rating on InterGlobe Aviation. JPMorgan maintained a neutral stance on Ambuja Cements and ACC. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Credit Suisse on Indigo: Outperform | Target Rs 2450Credit Suisse maintained an outperform rating on InterGlobe Aviation with … Read more
InterGlobe Aviation, India’s largest airline operator, has been experiencing volatility in its stock prices over the past few months despite better business fundamentals and an advantage in the sector due to a revival in passenger traffic. The decision of one of its promoters, Rakesh Gangwal, to reduce stakes in the airline in the next five … Read more