ET Intelligence Group: The stock of Kaynes Technology India, an electronics manufacturing company, has gained 26% in the past two trading sessions boosted by robust revenue growth in the March quarter and an upbeat margin outlook. The printed circuit board assembly (PCBA) supplier to leading automakers and healthcare companies has guided for revenue growth of … Read more
Brokerage firm Jefferies maintains a hold rating on Dixon Technologies and a buy on Amber Enterprises. Macquarie has an underperform rating on United Spirits and Jefferies prefers Godrej Properties, Macrotech, and DLF picks. We have collated a list of recommendations from top brokerage firms from ETNow and other sources:Jefferies on EMS Industry: Dixon Technology and … Read more
Brokerage firm Macquarie maintained an outperform rating on IndusInd Bank and downgraded Paytm to neutral, Spark initiated add rating on Kaynes Technology and CLSA recommended a buy on ICICI Prudential Life Insurance. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Macquarie on IndusInd Bank: Outperform| Target Rs … Read more
Indian market closed in the red for the second day in a row on Wednesday tracking muted global cues. The S&P BSE Sensex fell more than 300 points while the Nifty50 closed below 18200 levels. Sectorally, buying was seen in auto and FMCG stocks while selling was visible in realty, metals, IT, and power stocks. … Read more
Only two companies — Hariom Pipe Industries and Venus Pipes and Tubes — that hit Dalal Street in fiscal 2023 have delivered multibagger returns to investors. These two debutants were the best performing among a total of 37 IPOs that flocked to the market last financial year. While Hariom Pipe has tripled investors’ wealth, rising … Read more