Shares of InterGlobe Aviation, which operates IndiGo Airlines, rose nearly 3% in Friday’s trade on BSE to its new 52-week high of Rs 4,520 after the company’s PAT more than doubled to Rs 1,895 crore in Q4. Revenue from operations increased 26% year-on-year (YoY) to Rs 17,825 crore in the reporting quarter while the airline’s … Read more
Shares of Honasa Consumer, which owns Mamearth, rallied 7% in Friday’s session on BSE to the day’s high of Rs 447.70 after reporting a net profit of Rs 30.4 crore for the quarter ended March 2024 against a loss of Rs 161.7 crore in the last year quarter. Honasa clocked its highest-ever profit during the … Read more
Shares of Sun Pharmaceutical Industries fell 5% in Thursday’s trade on BSE to the day’s low of Rs 1,467 even after the company posted a 34% year-on-year (YoY) jump in its Q4 profit to Rs 2,654.6 crore while the revenue rose 10.1% YoY to Rs. 11813 crore in Q4FY24. The board of the company also … Read more
The shares of Indian Emulsifier listed on the NSE SME platform on Wednesday with a premium of 225.8%. The stock debuted at Rs 430 as against an issue price of Rs 132. Ahead of the listing, the company’s shares were trading with a premium of Rs 250 in the unlisted market. The IPO, which was … Read more
Shares of Zee Entertainment Enterprises rose nearly 3% to Rs 144.4 in Tuesday’s trade on BSE after the firm reported a profit of Rs 13 crore in the March quarter of FY24, after reporting a loss of Rs 196 crore in the year-ago period. Moreover, the company’s shares closed over 4% higher in a special … Read more
We have collated a list of recommendations from top brokerage firms from ETNow and other sources: CLSA on Delhivery: Underperform| Target Rs 488CLSA downgraded Delhivery to underperform from buy earlier post-Q4 results and slashed the target price to Rs 488 from Rs 600 earlier. The Q4 revenue growth was below expectations. Express parcel revenue declined … Read more
Shares of Varanium Cloud, caught in Sebi’s crossfire, saw its wealth nearly wiped out from the peak in October last year. The stock scaled a 52-week high of 239.5 in October 2023 and crashed all the way down to Rs 29.3 in the latest trade, falling as much as 87%. The company made its debut … Read more
Shares of Naukri.com’s parent company Info Edge (India) jumped 8% on BSE in Friday’s trade to the day’s high of Rs 6,338.55 as the firm reported a Q4 profit of Rs 211 crore, rising 18% year-on-year (YoY). Naukri’s revenues were recorded at Rs 608.3 crore, a 7.9% growth from the same period last year and … Read more
While calling Vodafone Idea a high-risk, high-reward opportunity, domestic brokerage Kotak Institutional Equities on Thursday maintained a sell call on the telecom operator but said that in the bull case scenario, it can rally up to Rs 23. “In our bull case, we assume a sharper 10% 10-year ARPU CAGR (versus our base case estimate … Read more
Shares of Oberoi Realty on Thursday jumped 9% to hit a fresh 52-week high of Rs 1,712.30 after the company reported a 65% year-on-year (YoY) jump in its Q4 profit at Rs 788 crore. The total income of the company rose to Rs 1,558.56 crore in the quarter from Rs 995.11 crore in the year-ago … Read more
