Brokerage firm Morgan Stanley initiated coverage on Varun Beverages with an overweight rating and maintained an Equal Weight rating on Apollo Tyres. Jefferies maintained a buy rating on IDFC First and JPMorgan upgraded HDFC AMC to overweight. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Morgan Stanley … Read more
Shares of multibagger HDFC Asset Management Company (AMC) have been downgraded by Kotak Institutional Equities despite growth tailwinds remaining the strongest. The company’s outperformance over its peers is fully priced in at the current valuations, Kotak said in a note as it slashed the stock’s fair value to Rs 3,750, a 1.5% climbdown from Tuesday’s … Read more
India’s largest domestic institutional investor LIC’s holding in India Inc declined to all-time low of 3.64% in the December quarter as the giant likely used the bull market to book profits. Shareholding pattern data reveals that LIC reduced stake in at least 19 smallcaps with market capitalisation of less than Rs 10,000 crore. Following a … Read more
Benchmark indices surged to their fresh all-time highs on Friday, driven by a sharp rally in IT stocks. The 30-share Sensex jumped 999 points to reach a new record of 72,721 and the Nifty climbed 281 points to reach its fresh record peak of 21,928. Stocks that were in focus included names like Tata Consumer, … Read more
Brokerage firm Morgan Stanley maintained an overweight rating on Tata Motors, and Jefferies maintained a buy rating on Nippon AMC and HDFC AMC. Jefferies upgrades Mindspace REIT to a buy rating from hold earlier. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: JPMorgan on Tata Motors: Overweight| … Read more
