Shares of Apollo Hospitals rallied 3.4% in Friday’s early trade to the day’s high of Rs 5,955 after the company reported a 77% year-on-year (YoY) jump in its net profit. The company’s revenue from operations in the January-March 2024 period increased 15% YoY to Rs 4,944 crore and the board of directors have also recommended … Read more
We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Macquarie on Zomato: Underperform| Target Rs 96Macquarie maintained an underperform rating on Zomato with a target price of Rs 96. The competitive intensity is rising. Multiple incumbent e-commerce platforms have announced renewed ambitions in Qcom. The global investment bank … Read more
May 23, 2024, 10:00:31 AM IST Domestic brokerage firm HDFC Securities has initiated coverage on several healthcare stocks. It sees a strong potential for value unlocking in these companies, which includes Apollo Hospitals Enterprise and Dr Lal Pathlabs. Here is a list of 5 healthcare stocks on which HDFC Securities initiated coverage: IANS 2/6 Max … Read more
“If trouble comes when you least expect it, then maybe the thing to do is to always expect it.” Cormac McCarthy Considered in a proper historical and comparative perspective, the 30-share Sensex, which breached the 25,000 mark in May 2014 and the 50,000 mark on January 21, 2021, smashed the psychological 75,000 barrier, zooming to … Read more
Technical analysts continue to maintain a cautious outlook on Nifty for the truncated trading week ahead. According to analysts, profit-taking may resume until the index decisively reclaims 22,200. Some of the stocks recommended by analysts for short-term trades include Apollo Hospitals, Eicher Motors, Hero Motocorp, Maruti, Bajaj Auto, Sun Pharma, Tata Motors, ABB, Cummins India, … Read more
Indian market is expected to trade higher on Tuesday tracking positive global cues. The Nifty50 closed below 22400 levels on Monday led by losses in banking stocks. It has formed sizeable bearish candles, indicating the possibility of consolidation within an overall uptrend. Both FIIs and DIIs were net buyers on Monday to the tune of … Read more
Brokerage houses such as CLSA downgraded Tata Steel to sell and M&M to outperform from a buy rating earlier. Morgan Stanley maintained an overweight rating on Apollo Hospitals and HSBC gave a buy tag to HDFC Bank. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: CLSA on … Read more
Hospital stocks fell up to 11% on Friday, witnessing their second successive decline following the Supreme Court’s diktat on cost rationalisation. The biggest loser on an intraday basis was Max Healthcare Institute which hit the day’s low of Rs 706.45 on the NSE. It was followed by Yatharth Hospital & Trauma Care Services which plunged … Read more
Benchmark indices fell on Monday due to profit booking amid mixed trends in global markets. The 30-share Sensex settled 523 points lower at 71,072 and the broader Nifty also closed 166 points lower at 21,616. Stocks that were in focus included names like Global Health, which rose 6.34%, MCX, which dropped 9.03%, and Apollo Hospitals, … Read more
Technical charts and FIIs’ net short position of 65% indicate that markets could undergo either a timewise corrective phase or a price-wise correction. Technical analysts suggest 21,680 would serve as a support for Nifty on a closing basis, and a close below this level could lead to a correction towards 21,450-21,400. ACC, Apollo Hospitals, Bharat … Read more
