Jefferies’ Global Head of Equity Strategy Christopher Wood has picked food delivery app Zomato for his India long-only portfolio. The weight of the stock will be 4%. On the other hand, Wood has removed HDFC Life Insurance from the same. Zomato has also been added to the global long-only equity portfolio, which will be paid … Read more
Marcrotech Developers today reported a 40% YoY jump in its FY23 PAT (adjusted for forex and exceptional items) at Rs 1,769 crore on the back of record pre sales. The net profit for the March quarter stood at Rs 751 crore. The Q4FY23 pre sales were worth Rs 3,025 crore while the annual pre-sales jumped … Read more
“KPIT had a different story going for it because of their work on the EV automation side and the kind of order flows they were getting,” says Sandip Sabharwal, asksandipsabharwal.com.Although there may be two holidays this week, it is a pretty critical one. You have that surprise move by OPEC, RBI policy, the cue for … Read more
Shares of realty developer Macrotech Developers (Lodha) surged 43% in the past week as property registrations remained buoyant in Mumbai and Maharashtra in February. Despite the recent rally, the stock has lost nearly 10% on a year-to-date basis. February housing unit registrations in Mumbai were down 7% year-on-year (YoY) but rose 8% month-on-month (MoM) despite … Read more
“Going forward investors need to understand which Adani companies valuation-wise make sense to hold or which to buy at the current levels,” says Neeraj Dewan, Quantum Securities How should one view Adani Group of stocks after GQG buying into these counters? A big renowned fund putting in money in the Adani Group definitely gives some … Read more
NEW DELHI: Foreign institutional investors or FIIs are estimated to have splurged about Rs 44,700 crore in 9 stocks during the December quarter. The shopping list is dominated by bank stocks – , and YES Bank. During the quarter, FIIs nearly doubled their shareholding in retail favourite YES Bank from 12.15% to 23.24%. Calculations done … Read more
Global brokerage firm JPMorgan maintained an underweight rating on , Morgan Stanley retained an equal-weight rating on , and BofA maintained a buy call on Mahindra Finance. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: JPMorgan on PNB: Underweight | Target Rs 34 JPMorgan maintained an underweight … Read more
Nifty futures on the Singapore Exchange traded 278 points, or 1.61 per cent lower at 17,036, signaling that Dalal Street was headed for a negative start on Monday. Here are a dozen stocks which may buzz the most in today’s trade: : The Tata Group’s IT major will officially kick-off earning season of India Inc. … Read more
Mumbai: Shares of realty companies have been among the top performers in the recent bull cycle but with interest rates firming up of late, investors must be choosier about their picks in the sector. Analysts prefer leading property developers such as (Lodha), DLF, and at this juncture. The BSE Realty index is down 31% from … Read more
Investors could consider accumulating shares of residential real estate developers amid the recent weakness as the upcycle in the sector is likely to extend over the next three years, said analysts. , , , and could gain as much as 20-27% over the next one year, according to analyst consensus estimates compiled by Bloomberg. “Outlook … Read more