Buy | Target Rs 1,950 | LTP Rs 1,665 | Upside 17% Nuvama has assigned a Buy rating to HDFC Bank, with a target price of Rs 1,950. This indicates a potential upside of 17% from the current market price of Rs 1,665. (Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. … Read more
Shares of Apollo Hospitals rallied 3.4% in Friday’s early trade to the day’s high of Rs 5,955 after the company reported a 77% year-on-year (YoY) jump in its net profit. The company’s revenue from operations in the January-March 2024 period increased 15% YoY to Rs 4,944 crore and the board of directors have also recommended … Read more
We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Macquarie on Zomato: Underperform| Target Rs 96Macquarie maintained an underperform rating on Zomato with a target price of Rs 96. The competitive intensity is rising. Multiple incumbent e-commerce platforms have announced renewed ambitions in Qcom. The global investment bank … Read more
Brokerage JPMorgan maintained an overweight rating on SBI and Macquarie upgraded Escorts to outperform. CLSA downgraded Sula to underperform while maintaining a sell on Asian Paints post Q4 results. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: JPMorgan on SBI: Overweight| Target Rs 1000 JPMorgan maintained an … Read more
Global brokerage firm Citigroup maintained a sell rating on and Macquarie retained an outperform rating on . We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Citigroup on Vedanta: Sell | Target Rs 235 Citigroup maintained its sell rating on Vedanta with a target of Rs 235. Vedanta’s … Read more
New Delhi: Global brokerage firm JPMorgan remains bullish on , the parent company of payment aggregator Paytm, but has slashed its target price. The brokerage firm has maintained its ‘Overweight’ rating. JPMorgan sees Paytm at Rs 1,000, down from the earlier target of Rs 1,200. The target price for the counter was Rs 1,350 before … Read more
Macquarie said worries over demand in the IT sector are overdone and all tier-I IT companies are trading in attractive territory after the recent fall in the sector. The brokerage’s optimistic forecast comes soon after recent downgrades of frontline IT stocks by Nomura and JP Morgan. Macquarie has upgraded to outperform and rated and as … Read more
British industrialist Sanjeev Gupta’s companies seemed to be prospering until his main lender, Greensill Capital, imploded last month. But long before Greensill collapsed, several banks had cut off the commodity trading business of Gupta’s Liberty House Group. Four banks stopped working with Gupta’s commodity trading business, starting in 2016, after they became concerned about what … Read more
Mumbai: The healthcare index hit a record high on Friday led by a rally in sector majors Lupin, Dr Reddy’s Laboratories and Cipla on the back of positive news flow. The sector will remain a market favourite due to earnings visibility, which does not exist for most sectors currently because of the pandemic. Analysts said … Read more