Finazenn

Delhivery: Brokerages bearish on Delhivery post Q4 nos, shares plunge 10%

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Delhivery: Brokerages bearish on Delhivery post Q4 nos, shares plunge 10%

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

Airtel: Analysts upbeat on Airtel, bet on tariff hike post elections

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Airtel: Analysts upbeat on Airtel, bet on tariff hike post elections

Mumbai: Most top brokerages raised or retained share price targets on Bharti Airtel, despite the telecom operator’s profits declining in the March quarter, in anticipation of a tariff hike after the ongoing general elections. The stock gained 2.75% to close at ₹1,345.9, after hitting its 52-week high of ₹1,356.85. Analysts see room for more gains … Read more