Brokerage firm CLSA maintained an outperform rating on Maruti Suzuki and downgraded HDFC Bank to outperform. Morgan Stanley maintained an overweight rating on Zomato and upgraded Voltas to Equal Weight. Bernstein downgraded SBI. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: CLSA on Maruti Suzuki: Outperform| Target … Read more
Brokerage firm Macquarie has a neutral rating on Maruti Suzuki, Axis Capital downgraded ABB India to reduce, CLSA has an underperform rating on Asian Paints and Citigroup initiated a buy on Honasa Consumer (Mamaearth). We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Citigroup on Honasa Consumer: Buy| … Read more
NEW DELHI: After India’s largest car maker managed to surprise the Street with a four-fold rise in net profit in the September quarter, Dalal Street expects the stock to rally as high as Rs 12,500. The stock, which hit a fresh 52-week high of Rs 9,768.65 today, is up over 26% in the last six … Read more
Maruti Suzuki India Ltd, part of Sensex and Nifty50, which rose a little over 12 per cent in one year has fallen over 16 per cent from its recent 52-week high, but signs of reversal on charts suggests that bulls could make a comeback. The stock has been in a downtrend so far in 2022. … Read more
Auto industry has been gasping for growth for over 10 years now. The different sub segments of the industry have only grown at a 3-6% CAGR over FY10 to FY20 as compared to 10-12% CAGR over FY00 to FY10. The growth of the industry has been impacted as the fortunes of the automobile industry are … Read more