Mumbai: The revised rules on eligibility criteria for stocks to be part of futures and options could result in the inclusion of 64 to 80 stocks and the exclusion of 18 to 23 from the segment, said analysts. Jio Financial and Zomato are strong contenders for being part of the equity derivatives segment, according to … Read more
Following a sharp 17% rally in Zomato shares amid blockbuster results, the new-age stock could rally to Rs 292 in the near term, with a stop loss at Rs 252-240, says Anand James, Chief Market Strategist at Geojit Financial Services. “Directional moving indicators and most oscillators point to strength and continuation of the uptrend. Fast … Read more
Logistics player Delhivery on Friday reported a profit after tax of Rs 54 crore for the quarter ended June 30, 2024, versus a loss of Rs 89 crore in the same quarter of the previous year. Its revenue from services jumped 12.6% year-on-year (YoY) to Rs 2,172 crore, up from Rs 1,930 crore in the … Read more
As the dust around the Union Budget 2024 settles down, potential losers in the market as a result of announcements or rather lack of it, are coming to the fore. Sectors that are likely to get negatively impacted in the near term are banks, NBFCs, asset management companies (AMCs), real estate, consumer, defence, OMCs and … Read more
Benchmark indices Sensex and Nifty rebounded on Tuesday, hitting their fresh record closing levels. In today’s trade, shares of Delta Corp, Paytm, Delhivery, Mankind Pharma, JSW Steel among others will be in focus due to various news developments and first quarter results. Delta CorpDelta Corp on Tuesday reported a 34% fall in its standalone net … Read more
Mumbai: Warburg Pincus-backed Ecom Express is looking to enter the primary market with a ₹3,000-crore initial public offering (IPO), according to two people aware of the development. The third-party logistics company has appointed bankers including Kotak Capital, IIFL, Axis Capital, and UBS, according to one of the sources. “Ecom Express has initiated the process for … Read more
Brokerage Morgan Stanley remains bullish on new-age businesses like Zomato, Policy Bazaar, Nykaa, Paytm and Delhivery, despite the recent jump in the stock prices. The firm sees up-move of 7% to 35% in these stocks. “We see macro factors aligning (multiple re-rating for growth stocks in India and other regions, tight PE/VC money keeping the … Read more
Mumbai: Shares of logistics solutions provider Delhivery tumbled over 10% on Tuesday after the company’s fourth-quarter results prompted some brokerages, including CLSA, to cut their price targets on the stock. The price targets after the March quarter results imply a 15-74% upside in the stock from Tuesday’s closing price of ₹390. CLSA downgraded its rating … Read more
We have collated a list of recommendations from top brokerage firms from ETNow and other sources: CLSA on Delhivery: Underperform| Target Rs 488CLSA downgraded Delhivery to underperform from buy earlier post-Q4 results and slashed the target price to Rs 488 from Rs 600 earlier. The Q4 revenue growth was below expectations. Express parcel revenue declined … Read more
The Indian market is expected to remain volatile on the Interim Budget Day. The S&P BSE Sensex rose more than 600 points while the Nifty50 reclaimed 21,700 levels, a day ahead of the Interim Budget. The Nifty future closed positive with gains of 0.72% at 21786 levels on Wednesday. India VIX was down by 0.31% … Read more
