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
Fear index India VIX witnessed its highest single-day gain in 9 years, jumping nearly 40% on intraday basis to the day’s high of 28.62. The gains were seen after counting trends showed a strong fight back by the India Alliance though BJP-led NDA still managed to cross the majority mark. India VIX had settled at … Read more
The strength in the market is expected to continue this week. Technical analysts predict Nifty could reach 23,400. Recommended stocks for trading this week include Reliance, SBI, L&T, Tata Power, Tata Steel, JSW Energy, Granules, JK Cement, BEL, Ashok Leyland, TVS Motors, RCF, Tata Tech, and Tata Elxsi. DHARMESH SHAH HEAD OF TECHNICALS, ICICI SECURITIES … Read more
Various widely tracked companies like Tata Motors, SBI, Asian Paints, BPCL, Larsen & Toubro, Tata Power, Canara Bank, TVS Motor, Hero MotoCorp, Godrej Consumer Products, JSW Energy, Dr. Reddy’s Laboratories, PB Fintech, and Bank of Baroda will be releasing their March quarter report cards this week. Here’s a list: May 6 Godrej Consumer Products, CG … Read more
Apr 21, 2024, 12:11:01 PM IST 1/6 Shifting Sentiments Around 32 stocks witnessed buying by mutual funds over the past four months (November 2023 to February 2024) but turned to selling in March. Here are the top 5 stocks from the list, according to a report from Elara Capital. ETMarkets.com The stock witnessed continuous MF … Read more
Subramanian Sarma, Whole-time Director & Sr. Executive Vice President (Energy), L&T, says that for the next few years, “the Middle East is expected to continue to play a very important role for us in terms of opportunities particularly in the energy sector as well as in the power transmission and distribution sector where we are … Read more
Shares of Larsen & Toubro (L&T) fell over 5% to the day’s low of Rs 3,440.25 on the NSE on Wednesday following its December quarter earnings where the engineering and construction conglomerate missed estimates of top brokerages on several key parameters. While Citi and Motilal Oswal have reposed faith on the counter, maintaining a ‘Buy’ … Read more
Brokerage firm Jefferies maintained a buy rating on ITC, JPMorgan remained overweight on RIL, Macquarie has a neutral rating on Voltas and Citigroup maintained a buy on L&T post Q3 results. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Jefferies on ITC: Buy| Target Rs 520 Jefferies … Read more
Indian headline indices ended in the red on Saturday conceding their morning gains amid selling pressure in FMCG, IT and pharma sectors despite a good show by banks. The S&P BSE Sensex declined nearly 260 points while the Nifty50 closed below 21,600 level. Stocks that were in focus include names like Bharti Airtel rose more … Read more
Brokerage firm Jefferies initiated a buy on the BSE Ltd while Nomura has a neutral rating on Eicher Motors. Also, Elara Capital recommended a buy on L&T and HDFC Securities Institutional Research has a buy on Sai Silks (Kalamandir). We have collated a list of recommendations from top brokerage firms from ETNow and other sources: … Read more