“Incrementally, things are not looking positive for Bajaj Auto because 40-45% of their revenue is still coming from exports market and you have some headwinds and we have seen that the production cut has been announced,” says Hemang Jani, MOFSL What is your take on the Adani Group as a whole and if at all … Read more
“If you look at the numbers, the Street was at 4.7, we were at 4.6, the number came at 4.4, but largely if I adjust for the revisions in the previous quarters the data was largely as expected,” says Tanvee Gupta Jain, UBS Securities India Pvt Ltd.The government has revised both the FY21 and FY22 … Read more
Will the Nifty be able to end its six-day losing run? The index looks oversold in the short-term on technical and derivative fronts, but with the index breaking below the key support of 17,500, analysts are not ruling out further downside. Reliance Industries, TCS, L&T, Axis Bank, NTPC, ONGC, UltraTech, and Maruti are some stocks … Read more
On the back of an upsurge in US indices and other Asian counterparts, Sensex and Nifty opened on a positive note with buying seen across sectors. “While intra-day sideways movement could continue amid sluggish mood in global equities, traders would take solace from the return of FIIs into the local markets, as they have been … Read more
Bengaluru: The Society for Applied Microwave Electronics Engineering & Research (SAMEER) on Friday signed a memorandum of understanding with Siemens Healthineers for development of new, improved and innovative technologies for advancing healthcare and diagnostic access in the country. Welcoming the agreement, Union Minister of State for Electronics and Information Technology Rajeev Chandrasekhar, who was present … Read more
Global brokerage firm Credit Suisse maintained its neutral rating on , JPMorgan remained overweight on and Jefferies maintained a buy rating on . We have collated a list of recommendations by top brokerage firms from ET NOW and other sources: Credit Suisse on Siemens: Neutral| Target Rs 2825| LTP Rs 3037Credit Suisse maintained its neutral … Read more
“I think we should have a positive stance on the market because when we look at the earnings, when we look at the other data points in terms of monthly numbers and GST etc. it gives you a feel that we are in a good growth trajectory,” says Hemang Jani, Equity Strategist & Senior Group … Read more
Global brokerage firms including Citi, JP Morgan, Nomura, HSBC and BofA have shared their view on a number of stocks, including , , , and PVR. We have collated a list of recommendations from top brokerage firms from ET NOW: Citi on (Paytm): Buy | Target Price: Rs 1,055Paytm has gained market share in digital … Read more
Global brokerage firm Citigroup maintained a sell rating on and Macquarie retained an outperform rating on . We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Citigroup on Vedanta: Sell | Target Rs 235 Citigroup maintained its sell rating on Vedanta with a target of Rs 235. Vedanta’s … Read more
New Delhi: Siemens on Tuesday reported a 23% rise in its net profit from continuing operations to Rs 392 crore in the September 2022 quarter, mainly on the back of higher revenues. “(In July-September quarter) Profit after Tax (net profit) from continuing operations of Rs 392 crore, increased by 23 per cent over the same … Read more