Shares of Ola Electric Mobility today jumped 4.45% to their day’s high of Rs 85.30 on the BSE after the company announced that it has resolved approximately 99.1% of the 10,644 complaints received from the Central Consumer Protection Authority (CCPA). In a stock exchange filing, the company said, “We wish to reiterate that Ola Electric … Read more
Even though 24,900 could be threatened at some time during the week, the odds of a swift downside appear low, says Anand James, Chief Market Strategist, Geojit Financial Services. “Our eyes are however on 24,900, the fibo retracement of the recent low-high, as long as above which, we could see a push towards 25390 or … Read more
While Nifty ended with a week-on-week decline of 0.20%, it was laden with top action where over three dozen companies from large, mid and smallcap segments witnessed prominent block deals worth Rs 16,445 crore on screen which included both buying and selling action. In the large cap segment, 15 companies witnessed significant block deals on … Read more
The Rs 151 crore initial public offering (IPO) of Mumbai-based non-banking financial company (NBFC) Manba Finance is set to open for public subscription on September 23 and will close on September 25. Ahead of the issue, the grey market premium (GMP) for Manba Finance was around Rs 55-60, suggesting a 46% premium over the issue … Read more
Shares of Zomato rose 4% on Thursday to reach a new all-time high of Rs 283.60 after global brokerage firm UBS maintained a buy rating on the stock with a target price of Rs 320, driven by optimism about the company’s growth. UBS in its note stated that the industry volumes are growing at about … Read more
Shares of the central PSU NBCC surged 8% on Wednesday to its day’s high of Rs 192.40 on BSE after the company’s board announced that it would consider the issue of bonus shares in the upcoming board meeting. “It is hereby informed that meeting of Board of Directors of the Company, NBCC (India) Limited, is … Read more
Mumbai : Every investor dreams of buying multi-bagger stocks, but identifying such opportunities is challenging.Out of about 400 stocks tracked by at least five analysts, about 54 are expected to deliver returns between 20% and 50% over the next 12 months, consensus estimates showed.Many of these stocks have become more attractive following recent market corrections, … Read more
Brokerage firm CLSA has an underperform rating on Jubilant Foodworks while Jeffries has a hold and buy view on Trent and Honasa respectively. Citi has a buy view on Grasim and Kotak Equities has a sell rating on Siemens. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: … Read more
The first quarter earnings season is underway and as many as 88 companies will announce their quarterly numbers on Thursday. Key results to watch out for include ITC, Sun Pharma, Tata Motors, Adani Enterprises, Adani Ports, Zomato and Dabur. Apart from the above, companies like AB Capital, Clean Science Tech, Emami, Escorts Kubota, Indegene, Le … Read more
Brokerage firm UBS has a sell view on SBI Cards, Nomura has a neutral rating on IndusInd Bank. Meanwhile, Morgan Stanley and Macquarie have an overweight and outperform rating respectively on ICICI Bank. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: UBS on SBI Cards: Sell| Target … Read more