Brokerage firm Nomura maintained a buy rating on Tata Motors while CLSA maintained a sell rating on Vodafone Idea, and Jefferies has a buy rating on Godrej Consumer and Bajaj Finance. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Nomura on Tata Motors: Buy| Target Rs 786 … Read more
Shedding its ‘underperformer’ tag of the past four years, the Indian auto sector is all set to post a double-digit earnings CAGR over FY23-26E making it a prize catch for the investors, Jefferies said in a note while picking 9 stocks as buys out of the 11 in its auto universe coverage. Jefferies picks Tata … Read more
PB Balaji, CFO, Tata Motors, says “we are significantly better than where we were before. We are getting much more visibility into talking in terms of visibility into the end of Q2 and beyond, compared to earlier it was just a week or two. So, things have improved substantially, but it is fair to say … Read more
Tata Motors can rally another 13%, with the stock expected to scale target of Rs 700, riding on strong growth drivers. Motilal Oswal has recommended a ‘Buy’ rating on Tata Motors, estimating a healthy recovery as supply-side issues ease and commodity headwinds stabilise for its India business. India’s largest EV play is expected to benefit … Read more
Equity markets started the week on an optimistic note, helped by continuous positive news on the domestic macro front and favourable global trends. The S&P BSE Sensex rose 240 points at 62,787, while the Nifty50 settled at 18,593 levels. Among the sectors, auto gained 0.92%, pharma was up 1.23%, capital goods climbed nearly 1.14%, while … Read more
Brokerage firm Jefferies maintained a buy rating on , Morgan Stanley has an overweight rating on Dr Reddy’s Laboratories, Nomura maintained a buy on , and Nirmal Bang has a buy rating on post Q3 results. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Jefferies on Bajaj … Read more
Indian market snapped its 2-day winning streak to close in the red on Wednesday. The S&P BSE Sensex fell more than 150 points while Nifty50 closed below 18,200 levels. Sectorally, buying was seen in banks, FMCG, and telecom stocks while selling was seen in realty, metals, consumer durables, and healthcare. Stocks that were in focus … Read more
New Delhi: plunged as much as 5% in Monday’s trade after the company’s luxury arm Jaguar Land Rover (JLR) reported a muted update for the September quarter. Jaguar Land Rover reported a 4.9% decline in retail sales at 88,121 units in the second quarter ended September 30, 2021. The company had posted retail sales of … Read more
, part of the automobile sector, has been an underperformer so far in 2022 but recent price action suggests that bulls are catching up and aggressive investors can play for a technical bounce towards Rs 500 levels. The stock with a market capitalization of nearly Rs 1.5 lakh crore hit a 52-week high of Rs … Read more
DVR, part of Tata Group, has fallen more than 20 per cent from its November 2021 highs effectively placing the stock in bear grip, but the chart pattern suggests that bulls are taking control at least in the short term. After hitting a 52-week high of Rs 298 on 17 November 2021, the stock failed … Read more