Equity indices Sensex and Nifty took a breather on Friday after a record rally in the previous session and ended marginally lower on the emergence of profit-taking. Stocks that were in focus include names like Bharti Hexacom, which rose 5.2%, Jubilant Pharmova, which gained 12%, and Westlife, whose shares jumped 6% on Friday. Here’s what … Read more
Shares of Bharti Hexacom on Friday rallied 6% on BSE to its day’s high of Rs 1,245.70 after the global brokerage firm Citi initiated coverage on the stock with a buy rating and a target price of Rs 1,405. “The company is an attractive midcap telco with a strong growth outlook. It is a pure-play … Read more
Global Brokerage JPMorgan has initiated coverage on Bharti Hexacom with an overweight rating, while Morgan Stanley has an equal-weight and overweight call on Apollo Tyres and Varun Beverages, respectively. Meanwhile, Citi and Goldman Sachs have buy calls on Vodafone Idea and HDFC Life. We have collated a list of recommendations from top brokerage firms from … Read more
Mumbai: The majority of this year’s initial public offerings (IPOs) have been hits – generating strong investor responses and delivering significant returns following substantial listing gains. About 38 IPOs have taken place so far in 2024 with an average listing gain of 25% and average returns after debuting at 49% till date. Four stocks – … Read more
Starting August 1, stocks such as Adani Power, Yes Bank, Suzlon, Hudco, Bharat Dynamics, Bharti Hexacom, IRB Infrastructure, NBCC, Go Digit, Tata Investment, Paytm, and Inox Wind, among 1,010 securities, will not be accepted as collateral. This change comes as the National Stock Exchange (NSE) revises the criteria for securities eligible as collateral. NSE Clearing … Read more
The average market capitalisation cut-off for a stock to make it to the largecap category in the upcoming Amfi semi-annual categorisation is expected to be Rs 84,000 crore compared to an average of Rs 67,000 crore in the six months ending December 2023, Nuvama said in a note. Meanwhile, the midcap threshold is likely to … Read more
Shares of Airtel’s newly listed subsidiary Bharti Hexacom on Tuesday jumped 9% after global brokerage firm Jefferies initiated coverage on the stock with a buy rating and target price of Rs 1,080. Bharti Hexacom shares hit a fresh peak of Rs 876.75 on NSE in the morning session. The brokerage said Bharti Hexacom (BHL) offers … Read more
Brokerages Jefferies, Goldman Sachs and JM Financial have initiated coverage on Entero Healthcare, CreditAccess and Bharti Hexacom, respectively. Meanwhile, Axis Capital and Investec have downgraded InterGlobe Aviation. CLSA has retained a buy on PVR Inox. We have collated a list of recommendations from top brokerage firms from ETNow: Jefferies on Entero Healthcare: Buy | Target: … Read more
After a mega IPO of Bharti Hexacom to start the fiscal, the primary market will take a breather next week as no new mainboard IPOs are opening. However, the action continues in the SME segment as three companies gear up to launch their issues. Even though there are no new IPO launches next week, the … Read more
