Brokerage Bernstein has initiated coverage on seven retail and restaurant companies — Avenue Supermarts, Trent, Aditya Birla Fashion & Retail, Jubilant FoodWorks, Westlife Foodworld, Devyani International and Sapphire Foods India. The firm has ‘outperform’ rating on Avenue Supermarts, Trent, Jubilant FoodWorks and Devyani and ‘underweight’ on Aditya Birla and Westlife World. Bernstein said that as … Read more
“So, while we do like the space in terms of valuations and the fact that most of the banks are very well capitalised, asset quality is under control, the market in the current stage is looking out for companies with a lot of growth potential and excitement,” says Hemang Jani, Independent Market Expert.I wanted to … Read more
Brokerage firm Nuvama maintained a buy rating on MGL, CLSA initiated coverage on Syrma SGS Technology with a buy rating, CLSA maintained a sell rating on Jubilant FoodWorks, and UBS maintained a buy rating on BEL. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Nuvama on MGL: … Read more
Equity indices broke their six-day winning run on Wednesday. The 30-share Sensex settled 434 lower at 72,623 and the broader Nifty also paired all its intraday gains before closing 141.9 points down at 22,055. Stocks that were in focus included names like Campus Activewear, which rose 3.24%, Devyani International, which increased 1.24%, and Hindalco, whose … Read more
