Ltd’s decision to demerge the financial services business and list it on the bourses got a thumbs-up from the analyst community, but there were no firecrackers on Dalal Street following the announcement. Firstly, this business’ contribution to ’s consolidated topline is negligible and therefore, it is unlikely to reap any major benefits in the immediate … Read more
Brokerage firm Morgan Stanley maintained an overweight rating on , Citigroup retained a buy call on Delhivery and Jefferies says it prefers over . We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Morgan Stanley on : Overweight| Target Rs 3085 Morgan Stanley maintained an overweight rating on … Read more
Expert: Milan Vaishnav The Indian equities witnessed a highly volatile session on Tuesday as the headline index oscillated back and forth in a 200-point range before ending the day flat. What remained important from the technical perspective is that Nifty held on to the crucial support of 200-DMA on a closing basis, currently placed at … Read more
Global brokerage BofA Securities maintained its buy rating on and , and JPMorgan initiated coverage on with an underperform rating. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: BofA Securities on : Buy| Target Rs 2805BofA Securities maintained a buy rating on Reliance Industries with a target … Read more
Industries’ much-awaited 45th annual general meeting (AGM) may spell out details on the succession plan, including the roles of next-generation Ambanis: Isha, Akash, Anant, and also the 5G rollout. The market is expecting the oil-to-telecom major to provide a timeline for the demerger or the initial public offering (IPO) of its two entities Reliance Jio … Read more
Global brokerage firm JPMorgan maintained its overweight rating on , while CLSA recommended outperform rating on , and BofA Securities maintained its neutral stance on . We have collated a list of recommendations from top global brokerage firms from ETNow: JPMorgan on RIL: Overweight| Target Rs 3,170 JPMorgan maintained its overweight rating on with a … Read more
NEW DELHI: Brokerage ICICIdirect expects Reliance Industries to head towards the Rs 2,725 level in the next three months, which is the 80 per cent retracement of the June decline of Rs 2,817 to Rs 2,365 levels. The domestic brokerage said is witnessing buying demand from the key support area of Rs 2,370-2,400 and it … Read more
NEW DELHI: (RIL) June quarter results fell short of Street expectations but that could not change the consensus view on the stock meaningfully, despite a few contrasting views. Post quarterly results, the consensus target on the scrip stays at Rs 2,881, similar to Rs 2,880 before earnings, with 80 per cent of recommendations suggesting a … Read more
Billionaire Mukesh Ambani’s . and state-run Oil & Natural Gas Corp. are unlikely to suffer a “material” dent to their credit quality from India’s decision to levy additional taxes on local fuel exports and oil production given already elevated crude prices, Moody’s said. “While profits generated from oil exports will fall because of windfall taxes, … Read more
Indian market closed in the red for the third consecutive day on Friday. The S&P BSE Sensex closed below 53,000 while Nifty50 recouped some losses and closed above 15,750 levels. Sectorally, buying was seen in FMCG, Realty, finance, consumer discretionary, and IT stocks while selling was visible in Energy, Oil & Gas, and public sector … Read more