“Our top picks in the sector are Solar Industries and the target price that we have is 13,720. If you look at PTC Industries, we have the target price of 20,070. And if you look at Azad Engineering, our target price is 2,350, that is clearly more than 20% return that we are targeting for … Read more
The European Commission has announced a major defence initiative, the ReArm Europe Plan, in response to the rising security threats. Analysts believe that the European defence spending will boost Indian defence stocks, particularly Bharat Electronics and HAL among others. Further, the government spending on infrastructure and capital goods remains strong, and private sector capacity expansion … Read more
“I think the time has come for them to really take charge or take lead or join the overall bullish camp and that is what is sort of happening. A lot of people have started to relook at HDFC Bank,” says Rohit Srivastava, Strike Money Analytics & Indiacharts.What are you reading of this kind of … Read more
We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Macquarie on Zomato: Underperform| Target Rs 96Macquarie maintained an underperform rating on Zomato with a target price of Rs 96. The competitive intensity is rising. Multiple incumbent e-commerce platforms have announced renewed ambitions in Qcom. The global investment bank … Read more
Indian equities ended on a positive note on Thursday, despite weak global sentiment. The Nifty settled with a minor gain of 30 points at 19,465, while the Sensex added 137.5 points, ending at 65,539. Sectorally, the media, realty, and healthcare indices led, while the metal index ended with a decline of 0.94%. Investor sentiment has … Read more
Equity benchmarks Sensex and Nifty pared early gains to close lower on Monday as investors offloaded telecom, power and utility stocks amid a bearish trend in global markets and profit booking. Intense selling in private bank counters like ICICI Bank and Kotak Bank also dragged the indices down, brokers said. Indian equities ended the first … Read more
Equity markets had a positive start to the week, but the sentiments were dampened after the central bank left the key rates unchanged, opting for a more cautious stance on inflation. During the week as many as 75 smallcap stocks delivered double-digit weekly returns with four of them rallying over 25%. Greenlam Industries was the … Read more
Mumbai: Retail investors stand to lose out by not participating in rights issues of good companies that offer stock to existing shareholders at deep discounts to current market prices. Some companies, such as , , , Choice International, and , have recently offered rights issues at 40-95% discounts to the prevailing market prices. In some … Read more