Shares of FMCG company Marico shot up 9.3% to an intraday high of Rs 687.30 on the BSE after the company on Tuesday reported a 20% in consolidated net profit to Rs 433 crore for the September quarter. It had posted a net profit of Rs 360 crore in the July-September quarter a year ago. … Read more
Coforge shares surged 14% over the last two trading sessions, reaching a new 52-week high of Rs 7,755 during Thursday’s trading on the BSE. This increase follows the company’s announcement of a profit after tax of Rs 233.6 crore for the second quarter of FY25, marking a 24.3% year-on-year rise compared to the same quarter … Read more
Shares of InterGlobe Aviation, which operates IndiGo Airlines, rose nearly 3% in Friday’s trade on BSE to its new 52-week high of Rs 4,520 after the company’s PAT more than doubled to Rs 1,895 crore in Q4. Revenue from operations increased 26% year-on-year (YoY) to Rs 17,825 crore in the reporting quarter while the airline’s … Read more
Telecom operator Vodafone Idea today found another backer when global broking firm UBS upgraded the stock to buy with a target price of Rs 18, saying that it is expecting relief on government dues as well as a mobile price increase. Following the upgrade, the stock jumped over 5% to Rs 14.82. “We believe the … Read more
Shares of Zee Entertainment Enterprises rose nearly 3% to Rs 144.4 in Tuesday’s trade on BSE after the firm reported a profit of Rs 13 crore in the March quarter of FY24, after reporting a loss of Rs 196 crore in the year-ago period. Moreover, the company’s shares closed over 4% higher in a special … Read more
Shares of PepsiCo bottler Varun Beverages (VBL) jumped 5.5% on BSE today to the day’s high of Rs 1,558.45 after reporting an increase of 25% year-on-year (YoY) in March quarter PAT to Rs 548 crore. The brokerages have increased the target price for the stock post earnings announcement. The company’s revenue from operations in Q1 … Read more
Brokerages remain bullish on State Bank of India(SBI) after the lender made a swift recovery in earnings reporting a standalone net profit of Rs 20,698 crore in Q4, up 24% YoY. The estimates on the target price for SBI go as high as Rs 1,000. The profit was higher than the Street estimate of Rs … Read more
Notwithstanding the 10% upside seen in shares of Life Insurance Corporation of India (LIC) last week, broking firm Emkay Global has increased its target price on the PSU insurance stock to Rs 850 from Rs 760 earlier. “Even after the recent upmove in LIC shares, we maintain our stance that valuation remains attractive and prices-in … Read more
Mumbai: Samvardhana Motherson International’s acquisition of the Japanese Yachiyo Industry, Honda Motors’ four-wheeler business, got more analysts becoming optimistic about the auto ancillary giant, stoking a double-digit jump in the company’s stock price on Wednesday. Japanese brokerage firm Nomura upgraded the stock by two notches to ‘buy’ and set a target price that has the … Read more
Mumbai: Shares of Jindal Steel and Power could double in three years helped by capacity addition and an improvement in profitability which can help the steelmaker drive sector-leading growth while its balance sheet remains robust, Kotak Institutional Equities said on Monday. The brokerage has projected the stock to touch ₹1,088 by FY27, implying a compounded … Read more