ITC is evaluating the purchase of a 47% stake held by Peak XV Partners (formerly Sequoia Capital) in listed Prataap Snacks, said people with knowledge of the matter. This follows the failure of talks with Haldiram’s owing to a valuation mismatch. Prataap is best known for Yellow Diamond chips and traditional Indian namkeen under the … Read more
Mumbai: Various global multinational giants have poured cold water on the expectations of local investors, who mopped up shares of Indian subsidiaries of these entities in anticipation of their delisting from the domestic bourses. With parents of at least eight MNCs choosing to cash out of the domestic arms in the wake of the sharp … Read more
Power Grid Corporation of India. Share Price 287.90 03:59 PM | 20 Feb 2024 11.55(4.18%) HDFC Bank. Share Price 1454.30 04:00 PM | 20 Feb 2024 37.21(2.63%) Axis Bank. Share Price 1088.60 03:59 PM | 20 Feb 2024 25.65(2.42%) NTPC. Share Price 345.70 03:59 PM | 20 Feb 2024 6.95(2.06%) Kotak Mahindra Bank. Share Price … 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
A day after it was reported that US-based GQG Partners is in talks to buy a stake in Vedanta, a big block deal in which more than 2% equity changed hands worth over Rs 2,600 crore was reported in the counter on Thursday. The final talks for a potential stake sale worth over $1 billion … Read more
Sanjiv Puri, CMD, ITC, says the Indian economy and even rural India has been very resilient. The infrastructure that has been created, the connectivity, focus on housing and digitisation, the direct benefit transfer and stuff like free food grain distribution are some of the very important steps taken in terms of the investment in the … Read more
Brokerage firm Jefferies downgraded ITC to hold and upgraded Lupin post Q3 results. Macquarie maintained an underperform rating on Zomato and an overweight rating on Page Industries. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Jefferies on ITC: Hold| Target Rs 420Jefferies downgraded ITC to hold from … Read more
“While these companies have performed exceedingly well this current financial year, the next financial year probably will not be as good,” says Sudip Bandyopadhyay, Group Chairman, Inditrade Capital We just marked the Budget week and what are the standout sectors that are coming for you because while we were chatting with all the market experts, … Read more
Brokerage firm Jefferies maintained a buy rating on ITC, JPMorgan remained overweight on RIL, Macquarie has a neutral rating on Voltas and Citigroup maintained a buy on L&T post Q3 results. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Jefferies on ITC: Buy| Target Rs 520 Jefferies … 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
