Brokerages remain bullish on State Bank of India(SBI) after the lender made a swift recovery in earnings reporting a standalone net profit of Rs 20,698 crore in Q4, up 24% YoY. The estimates on the target price for SBI go as high as Rs 1,000. The profit was higher than the Street estimate of Rs … Read more
Shares of Godrej Properties jumped 9.7% in today’s session on BSE to a new all-time high of Rs 2,816.90 after brokerages increased target prices for the stock following a 14% year-on-year (YoY) growth in its consolidated net profit at Rs 471 crore for the quarter ended March 2024. The realty player has clocked the highest … Read more
State-run NTPC, NHPC and NLC India will see their weights go up on the Nifty CPSE following a semi-annual rejig in the index, effective from Thursday, March 28. The adjustment will likely trigger passive cumulative inflows of $94 million according to estimates by Nuvama. A lion’s share will be contributed by NTPC ($71 million) followed … Read more
Brokerage firm CLSA maintained a buy rating on RIL, Goldman Sachs downgraded ONGC, BPCL, and IOC. Jefferies has a buy rating on Godrej Consumer and Nuvama upgraded Infosys to buy ahead of Q3 results. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: CLSA on RIL: Buy| Target … Read more
Nine new stocks will be part of the MSCI India Index as the rejig comes into effect from Thursday. These stocks are IndusInd Bank, Suzlon Energy, Persistent Systems, APL Apollo, Polycab, Macrotech Developers, Tata Motors A, One 97 Communications (Paytm), Tata Communications. Moreover, seven stocks viz. Zomato, Hindustan Aeronautics (HAL), Jio Financial Services, Vedanta, PFC, … Read more
The week gone by saw Nifty50 settling 0.66% lower over the previous week. Yet it was not without action as prominent bulk, block and insider deals worth Rs 10,710 crore were executed during the week. Sizeable block deals that were executed on screen were worth over Rs 10,434 crore with Vedanta walking away with the … Read more
Under pressure for a while now, PVR shares are trading near an important support zone. A solid base formation on technical charts puts it in a strong stead for a potential upside. While, the near term upside could be up to 14%, the stock has the potential to earn nearly Rs 600 per share for … Read more