Sanjiv Bhasin, Director, IIFL Securities, says “in largecaps, this is a brilliant opportunity for Maruti, Lupin, Apollo Hospital and last but not least, Gujarat Gas. The largest city gas distribution and gas prices globally have fallen. Their margins will only rise and volumes will pick up. At Rs 458-460, I think this stock is headed … Read more
Vinit Bolinjkar, Head-Equity Research, Ventura Securities, says RBL is definitely a stock to buy. So, irrespective of Mahindra putting money into this stock, we had a buy on this stock at Rs 130 with a target of Rs 260. Today, we are sitting around 210-220 odd levels still a way to go and our estimates … Read more
Fintech major Paytm‘s consolidated net loss narrowed to Rs 357 crore for the quarter ended June. It was Rs 644 crore in the year-ago period. However, the loss has widened when compared with Rs 168 crore reported in the preceding March quarter. Revenue from operations during the quarter rose 39% to Rs 2,342 crore as … Read more
Fintech major Paytm will announce its first-quarter earnings on Friday and analysts are expecting a steady sequential growth in revenue, while faster growth in financial services will be offset by seasonally weak commerce business and lower payments revenue. The lower payment revenue is mainly due to the high base in the preceding March quarter as … Read more
The Indian market is expected to inch higher on Friday. The trend remains mixed; hence, some profit-taking could be seen at higher levels. The S&P BSE Sensex rose nearly 500 points while the Nifty50 closed just a shade below 20,000 on Thursday. India VIX was up by 1.59% from 11.60 to 11.78 levels on Thursday. … Read more
Billionaire Mukesh Ambani, the king of disruption, is at it once again. Just when Bajaj Finance became India’s most valued NBFC following a $40 billion reverse merger of HDFC with HDFC Bank, Reliance Industries (RIL) has already fired a $20 billion salvo to change the pecking order in the world of shadow lenders. Following a … Read more
Ahead of the demerger and subsequent listing of Jio Financial Services Ltd (JFSL), parent company Reliance Industries today announced that Mukesh Ambani’s daughter Isha Ambani would join the financial services arm as a non-executive director. The 31-year scion, married to businessman Anand Piramal of the Piramal Group, is already a part of the executive leadership … Read more
“Well, I would not generalise the issues to a start-up ecosystem. I will say that find a pattern, figure out what the pattern is. So let us not take, that we live in Delhi, and Delhi has a label of bad city, but that is not true,” says Vijay Shekhar Sharma, CEO, Paytm.What have been … Read more
Brokerage Motilal Oswal has reiterated a ‘Buy’ on One 97 Communications stock, estimating gains of over Rs 180 per share or 21% from current levels. The brokerage has fixed a price target of Rs 1,050. The stock currently trades at Rs 868 apiece. The stock has delivered returns of 34% since Motilal Oswal initiated coverage … Read more
Brokerage firm Macquarie maintained an outperform rating on IndusInd Bank and downgraded Paytm to neutral, Spark initiated add rating on Kaynes Technology and CLSA recommended a buy on ICICI Prudential Life Insurance. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Macquarie on IndusInd Bank: Outperform| Target Rs … Read more