Brokerage firm Morgan Stanley maintained an overweight rating on Zomato while CLSA maintained a buy on Star Health. Also, Jefferies recommended a hold on Zydus Life and Morgan Stanley remained overweight on NYKAA. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Morgan Stanley on Zomato: Overweight| Target … Read more
Shares of FSN E-Commerce Ventures, which operates online beauty and fashion retailer Nykaa, fell over 11% to the day’s low of Rs 130.10 on the NSE on Monday after a clutch of brokerages spelt out growth headwinds in their post earnings review of the stock. BofA, which has taken a neutral view on the counter, … Read more
Global brokerage firm HSBC maintained a buy rating on VRL Logistics, Macquarie retained an underperform rating on Nykaa, Antique initiated a buy recommendation on Titagarh Wagons and Citigroup has a buy rating on MGL. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: HSBC on VRL Logistics: Buy| … Read more
” I think these businesses, their profitability, meaning I do not see any reason, it might sound slightly audacious but I do not see any reason why these companies, let us say, 10 years out, cannot make 400-500 million dollars of profit,” says Pankaj Murarka, Renaissance InvestmentYour portfolio must be right at the top of … Read more
Brokerage firm Morgan Stanley maintained its overweight rating on JSW Steel, SBI, Sun Pharma, and Nykaa. The brokerage also initiated an equal-weight rating on Eicher Motors. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Morgan Stanley on JSW Steel: Overweight| Target Rs 580Morgan Stanley maintained an overweight … Read more
As the IPL season draws to a close, investors can’t help but draw analogies with cricket and Dalal Street. As part of a special series, we reached out to money managers to know how they pick their pinch hitters, whether they like specialists or all-rounders and their on-field strategies. Edited excerpts of a chat with … Read more
Brokerage firm Goldman Sachs remained neutral on Nykaa, Macquarie maintained a neutral rating on Reliance Industries, Jefferies has a buy rating on Delhivery, CLSA maintained a buy rating on Hindalco, and UBS resumed a sell rating on Tata Motors. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: … Read more
A bunch of widely tracked companies like M&M, LIC, Shree Cements, HUDCO, ONGC, BPCL, Ashok Leyland, Hindalco, Vodafone Idea, and Nykaa would be releasing their March quarter report cards this week. Here’s a list:May 22Shree Cements, Bharat Petroleum Corporation, Aditya Birla Fashion and Retail, SJVN, Capri Global Capital, Finolex Industries, CESC, Sun Pharma Advanced Research … Read more
Falguni Sanjay Nayar is the founder and CEO of the beauty and lifestyle retail company Nykaa. It was formally known as FSN E-Commerce Ventures which is an acronym of her own name. Falguni Nayar’s life Born and raised in a Gujarati family in Mumbai, Falguni Nayar’s father was a businessman. He ran a small bearings … Read more
FSN E-Commerce, which owns the popular beauty products brand Nykaa, has seen strong growth in business in the quarter ended March even though the industry trend was subdued. The company saw stronger revenue growth on the Nykaa platforms, led by sustained consumption by tier-1 consumers. “During the quarter, our Beauty & Personal Care (BPC) categories … Read more