Bolstered by better-than-estimated September quarter earnings last week, shares of Titan Company found a favourable review from a clutch of top brokerages. While CLSA upgraded the stock to buy and revised its price targets upwards on the company’s knack for finding buyers with spending ability, HSBC reinforced its stance on strong Q2 earnings. Among domestic … Read more
Shares of rallied over 5% to Rs 2,424.5 in Friday’s intraday trade on BSE. The company reported a net profit of Rs 951 crore for the December quarter, down 4% YoY. It was Rs 987 crore in the corresponding quarter of last year. Its sales during the quarter rose 11% to Rs 10,444 crore, compared … Read more
Brokerage firm BofA Securities maintained a neutral stance on , Macquarie has an outperform rating on , and maintained a buy call on The . We have collated a list of recommendations from top brokerage firms from ETNow and other sources: BofA on Fintech: Policy Bazaar and PaytmBofA Securities maintained its neutral stance on Paytm. … Read more
Following its impressive show in Q2 business update, shares ended 5.2% higher on Friday and closed a tad below its lifetime closing high. “We believe the stock will surpass its lifetime high of Rs 2,768 and explore uncharted territory, which could take it towards Rs 3,000,” says Jatin Gohil, Technical and Derivative Research Analyst at … Read more
NEW DELHI: Seasoned investor Rakesh Jhunjhunwala on Thursday made over Rs 600 crore in intraday gains on notionally, as a business update by the Tata group company, his biggest stock bet, received thumbs up from analysts and Dalal Street investors. Within a few minutes into trading, shares of were trading 6.86 per cent higher at … Read more
Shares of , Jhunjhunwala’s biggest stock holding in value terms, have tanked over 23 per cent from the recent highs which essentially puts the stock in bear territory. The stock hit a 52-week high of Rs 2,767.55 on March 21, 2022, and a 52-week low of Rs 1,661.85 on July 20, 2021. It closed at … Read more
MUMBAI: While largecap investors may be cribbing about the false recovery in the headline indices on Monday, after they ended in the red today, midcaps investors have no such complaints. The segment’s recovery continued to gain strength heading into the Diwali holidays as the Nifty Midcap 100 rose over 0.8 per cent on a day … Read more
NEW DELHI: Ace investor Rakesh Jhunjhunwala‘s biggest stock bet Titan Company added Rs 17,770 crore to its market capitalisation within 10 minutes into Thursday’s trading, taking the value of Jhunjhunwala’s stake in the company up by over Rs 850 crore. Titan shares hit a record high of Rs 2,347 on BSE, up 9.32 per cent, … Read more