Mumbai: Vikas Khemani-owned investment firm Carnelian Asset Management & Advisors is set to raise its latest ₹5,000 crore public market fund, with the backing of high-net-worth individuals, ultra-high-net-worth individuals and family offices of industrialists. Existing investors such as the promoter family offices of TVS Capital, Ajanta Pharma, Pidilite, Dalmia and Dabur are likely to invest … Read more
Brokerage firm Morgan Stanley maintained an overweight rating on RIL, Citi downgraded Pidilite Industries to sell, Nomura downgraded UltraTech Cement to neutral, and Investec initiated a buy rating on Indian Bank.We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Morgan Stanley on RIL: Overweight| Target Rs 3210Morgan Stanley … Read more
The long-term trend in Pidilite Industries stock remains strong and the counter has potential to give returns of over Rs 240 per share. With the stock recapturing most of its simple moving averages, the likelihood of bulls ruling the street remains strong. But before that, it must overcome this concern. Pidilite has given returns of … Read more
Shares of Pidilite Industries, part of the specialty chemical space, gave a breakout above the 50-SMA on the weekly charts, which has opened room for the stock to head higher towards Rs 2,600, suggest experts. Short-term traders can look to accumulate the stock on dips towards Rs 2,450 as it is already trading near overbought … Read more
Global brokerage firm BofA Securities maintained a buy rating on Manappuram Finance, Morgan Stanley had an overweight rating on Bharti Airtel, and JPMorgan remained underweight on Pidilite Industries. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: BofA Securities on Manappuram Finance: Buy | Target Rs 140BofA Securities … Read more
“For and the numbers were quite challenging. So clearly in their case, the competitive intensity and the raw material pressure and slightly the rural demand is also challenging for Colgate,” says Abneesh Roy, Nuvama Group.First up, your read through of the earnings so far, United Spirits, Colgate, specifically weaker side.Yes this quarter if you see … Read more
NEW DELHI: With the Indian rupee crossing the 80 level against the US dollar, experts say the changing dynamics in the forex market can be a tailwind for stock investors in a turbulent market if their portfolios are positioned accordingly. While the strategy is simple – increase weightage on exporters and trim holdings in importers … Read more