Equity benchmarks halted their five-day rally to close with deep cuts on Friday in line with a global sell-off as investors dialled back risk exposure. Stocks that were in focus include names like Zomato, which gained 12.24%, ITC, which fell 0.98%, and Adani Wilmar, whose shares rose 9.99% on Friday. Here’s what Pravesh Gour, Senior … Read more
Brokerage firms such as Jefferies have a buy rating on ITC and Adani Ports, while Goldman Sachs has a sell call on Sun Pharma. Macquarie has an outperform rating on Zomato, and JP Morgan has a neutral view on Dabur. We have collated a list of recommendations from top brokerage firms from ETNow and other … Read more
The first quarter earnings season is underway and as many as 88 companies will announce their quarterly numbers on Thursday. Key results to watch out for include ITC, Sun Pharma, Tata Motors, Adani Enterprises, Adani Ports, Zomato and Dabur. Apart from the above, companies like AB Capital, Clean Science Tech, Emami, Escorts Kubota, Indegene, Le … Read more
While the subdued performance of ITC shares in the last one year may have thrown it off the watchlist of crores of retail investors on Dalal Street, the bluechip has the highest win rate on Budget days among all Sensex stocks. An analysis of how Sensex stocks have performed in the last 10 Budget days … Read more
FMCG major ITC’s weight will go up in the S&P BSE Sensex, resulting in likely inflows of $50 million, according to estimates by Nuvama. Today, Sensex will adjust ITC’s free float factor as a result of British American Tobacco’s (BAT) 3.5% stake sale in the company. Meanwhile, the adjustment on Nifty will be done during … Read more
Brokerage firm CLSA has a buy rating on ITC, Nomura recommended a buy call on Bajaj Finance, CLSA maintained a sell rating on Jubilant FoodWorks and Macquarie has a neutral rating on Godrej Consumer. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Nomura on NBFCs: Bajaj Finance, … Read more
Private largecap bank stocks like HDFC Bank, ICICI Bank, Axis Bank, and IndusInd Bank, which together form around 60% of Bank Nifty, saw Long buildup or shorts being covered on a week-on-week basis, says Anand James, Chief Market Strategist, Geojit Financial Services. “Delivery buying has started to pick up this week in the case of … Read more
Notwithstanding a higher-than-estimated profit after tax (PAT) in the December quarter, ITC shares fell 1.5% to the day’s low of Rs 443.10 on the NSE on an operationally weak quarter led by sluggishness in the cigarette, agri and paperboard businesses. Following the earnings announcement, Nuvama slashed its price target while retaining a buy. Another brokerage … Read more
