JM Financial has launched its India Model Portfolio with a bullish stance on banks, infrastructure, and domestic demand plays, while staying cautious on expensive mid-cap and small-cap stocks and export-oriented sectors. The brokerage said it is overweight on banks, real estate, telecom, infrastructure, defence and oil & gas. The model portfolio marks a key shift … Read more
One 97 Communications, which operates fintech platform Paytm, will announce its Q4FY25 earnings on Tuesday, with some brokerages expecting the company to swing into profits. Profit after tax (PAT) is estimated to range between Rs 3.6 crore and Rs 4.5 crore, according to JM Financial and Yes Securities. However, Motilal Oswal Financial Services (MOFSL) projects … Read more
The initial public offer (IPO) of Ather Energy will open for subscription today. The company is planning to raise about Rs 2,981 crore through the IPO, where it is offering fresh equity shares of 8.18 crore and an offer for sale (OFS), which comprises 1.1 crore shares. Under the OFS, promoters Tarun Sanjay Mehta and … Read more
Mumbai: India’s primary market is poised to snap a two-and-a-half-month dry spell, with electric scooter maker Ather Energy gearing up to launch its ₹3,000 crore initial public offering on April 28, said people familiar with the matter. The Bengaluru-based startup, backed by Hero MotoCorp, is expected to be valued at ₹9,900 crore pre-IPO and ₹12,500 … Read more
Yes Bank is expected to report double-digit growth in its March quarter earnings, with net profit rising by 35–44% on a year-on-year basis, according to estimates by a couple of brokerages. The topline could be in the range of Rs 608 crore to Rs 652 crore in Q4FY25. The lender’s Net Interest Income (NII) could … Read more
India’s second-largest private lender, ICICI Bank, could report a double-digit growth in its March quarter net profit, according to estimates by four brokerages. The bottomline range is seen between Rs 11,822 crore and Rs 12,350 crore, which could be a 10-15% uptick on a year-on-year basis. Lender’s net interest income (NII), which is a difference … Read more
Midcap stocks got hammered through February falling by as much as 30% as investors scurried to book profits or cut losses. The low-key sentiments on D-Street were on account of both the global and local factors. While Donald Trump’s threats on reciprocal tariffs and fears of US economic slowdown weighed on the markets, nearly a … Read more
Suzlon Energy shares continued their upward trajectory on Saturday, hitting a high of Rs 61.05 on the BSE in intraday trading, after surging 21.5% in four consecutive sessions after reporting impressive third-quarter results. Suzlon reported a stellar 90% year-on-year (YoY) increase in net profit, reaching Rs 386.92 crore for the quarter ended December 31, 2024. … Read more
Conductors and power cables manufacturer Lumino Industries has filed preliminary papers with capital markets regulator Sebi to raise 1,000 crore through an initial public offering (IPO). The Kolkata-based company’s IPO is a combination of a fresh issue of shares worth Rs 600 crore and an offer-for-sale component of up to Rs 400 crore by promoters. … Read more
Shares of FirstCry-operator Brainbees Solutions climbed as much as 4% on Friday to Rs 630 on BSE after brokerage firm JM Financial initiated coverage on the stock with a ‘buy’ rating at a target price of Rs 692, implying potential upside of 9.8% from current levels. The brokerage highlighted FirstCry’s dominant position in India’s childcare … Read more