Ixigo

Internet stocks shed ‘hype’ tag: Ixigo, CarTrade, Nykaa soar up to 80% in 3-months on earnings revival

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Internet stocks shed ‘hype’ tag: Ixigo, CarTrade, Nykaa soar up to 80% in 3-months on earnings revival

Amid improving profitability and strong revenue growth, a clutch of India’s internet-focused stocks have shed the tag of being just great business models without earnings. An analysis of the Nifty India Internet index shows eight stocks delivering double-digit returns of up to 80% when India’s headline index Nifty has slipped 1.4%. Leading the rally is … Read more

Waaree Energies, Vishal Mega among 8 stocks on which brokerages initiated coverage – New Picks

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Waaree Energies, Vishal Mega among 8 stocks on which brokerages initiated coverage – New Picks

Kotak Institutional Equities initiated coverage with a ‘Sell’ rating and set a target price of Rs 2,550. Kotak expects Waaree to see a 12% compound annual growth rate (CAGR) for its module capacity, which is expected to reach 40 GW by 2035. Additionally, Kotak projects a 14% volume CAGR for Waaree’s modules until FY2035, driven … Read more