Nomura reiterates its “buy” rating with a revised target price of Rs 1,600, down from Rs 1,725. It highlights upcoming triggers, such as Jio tariff hikes, potential IPOs, and the launch of new energy businesses, as drivers for value unlocking. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do … Read more
Shares of Apollo Hospitals surged 6% to their all-time high of Rs 7,396.30 on the BSE after the company reported a 63% year-on-year (YoY) jump in net profit to Rs 379 crore in Q2FY25, led by its hospital business.The company reported a net profit of Rs 233 crore in the corresponding quarter of the previous … Read more
The signs of De-dollarization are evident in the commodities space, where energy transactions are increasingly priced in non-USD currencies, highlighted a report by JP Morgan. “Some signs of de-dollarization are evident in the commodities space, where energy transactions are increasingly priced in non USD currencies” said the report. This shift reflects a broader trend, as … Read more
Coforge shares surged 14% over the last two trading sessions, reaching a new 52-week high of Rs 7,755 during Thursday’s trading on the BSE. This increase follows the company’s announcement of a profit after tax of Rs 233.6 crore for the second quarter of FY25, marking a 24.3% year-on-year rise compared to the same quarter … Read more
Shares of Larsen & Toubro (L&T) today surged 2% to the day’s high of Rs 3,555 on BSE after the global brokerage firm JP Morgan initiated coverage on the stock with an ‘overweight’ rating and a target price of Rs 4,360, an upside potential of 25%. The global brokerage firm believes that the stock seems … Read more
Ankur Rudra, Head of APAC Telecoms & India TMT Research, JPMorgan, says there have always been hope rallies that have played in the IT services sector in the last year. We have seen some of that potentially play out in the last one-and-a-half months. But in the near term, we are not seeing any improvement … Read more
Mumbai: BlackRock is positioning its recently launched Indian government bond exchange-traded fund (ETF) as a “one-stop shop” for foreigners to deploy money in relatively high-yielding local sovereign debt, without navigating multiple layers they would otherwise confront to trade here, said an executive. “On the bond side… the meat of the discussion is still about just … Read more
Brokerages remain bullish on State Bank of India(SBI) after the lender made a swift recovery in earnings reporting a standalone net profit of Rs 20,698 crore in Q4, up 24% YoY. The estimates on the target price for SBI go as high as Rs 1,000. The profit was higher than the Street estimate of Rs … Read more
Cash pouring into India from its watershed inclusion into key global bond indexes is already reshaping markets in a country long keen to insulate itself from hot money flows. Foreign investors have pumped roughly 780 billion rupees ($9.4 billion) into eligible sovereign bonds since JPMorgan Chase & Co.’s landmark announcement in September and are beginning … Read more
Indian government bond yields fell in the early session on Friday, with the benchmark 10-year and the 14-year bond yields slipping to the lowest level in two months, after JPMorgan said it will include India in its emerging market debt index. The 10-year benchmark 7.18% 2033 bond yield was at 7.1100% as of 10:00 a.m. … Read more