Indian Railway Finance Corporation Share Price 158.72 03:59 PM | 30 Sep 2024 1.91(1.22%) Suzlon Energy Share Price 80.05 03:59 PM | 30 Sep 2024 -1.05(-1.29%) Indian Renewable Energy Development Agency Share Price 234.88 03:59 PM | 30 Sep 2024 2.69(1.16%) Tata Motors Share Price 974.65 03:59 PM | 30 Sep 2024 -18.36(-1.85%) YES Bank … Read more
Japan’s securities watchdog is expected to recommend imposing tens of millions of yen in penalties on Nomura Holding’s brokerage unit for alleged manipulation in the government bond futures market, the Yomiuri reported. The Securities and Exchange Surveillance Commission will make the recommendation to the banking regulator, the Financial Services Agency (FSA), which hands out such … Read more
Shares of Macrotech Developers surged 5% to its day’s high of Rs 1,297.60 on BSE after the global brokerage firm Nomura initiated coverage on the stock with a buy rating and a target price of Rs 1,600, predicting a 30% upside potential. The global brokerage firm is positive on the stock’s future prospects given its … Read more
Brokerage firm UBS has a sell view on SBI Cards, Nomura has a neutral rating on IndusInd Bank. Meanwhile, Morgan Stanley and Macquarie have an overweight and outperform rating respectively on ICICI Bank. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: UBS on SBI Cards: Sell| Target … Read more
Besides macro factors and solid earnings growth, one of the biggest reasons behind higher valuation multiples on Dalal Street is the unflinching faith shown by domestic investors. But the valuation multiples can face headwinds if the domestic flows into equities slow down following rises in short- and long-term capital gains tax in the Union Budget, … Read more
Brokerage firms such as JPMorgan maintained an overweight rating on Zomato, while Nomura maintained a buy rating on M&M, CLSA has a buy rating on Vedanta and Jefferies recommended a buy on Infosys.We have collated a list of recommendations from top brokerage firms from ETNow and other sources:JPMorgan on Zomato: Overweight | Target: Rs 208Global … Read more
Stating that political continuity will boost the industrial sector, global brokerage firm Jefferies has listed HAL, L&T and ABB India among top 7 stocks that can rally up to 33% if Prime Minister Narendra Modi retains power. “If the current government retains majority, as exit polls suggest, it adds wings to the strong sector outlook,” … Read more
Brokerages increased target prices up to Rs 180 for the auto components maker Samvardhana Motherson International as the company posted a two-fold jump in its net profit to Rs 1,444 crore for Q4FY24. The company’s total revenue from operations also rose to Rs 27,058 crore for the period under review as compared to Rs 22,517 … Read more
New Delhi: India and Vietnam are gaining the most from the China plus one strategy, which is also expected to unlock new growth opportunities for Asian economies, according to Nomura. India’s exports will likely surge to $835 billion by 2030 from $431 billion in 2023 with its large domestic market helping attract firms looking for … Read more
Telecom operator Vodafone Idea today found another backer when global broking firm UBS upgraded the stock to buy with a target price of Rs 18, saying that it is expecting relief on government dues as well as a mobile price increase. Following the upgrade, the stock jumped over 5% to Rs 14.82. “We believe the … Read more
