The 3QFY24 corporate earnings ended on a strong note, with widespread outperformance across aggregates, driven by continued margin tailwinds. Domestic cyclicals such as Autos and Financials, along with global cyclicals (i.e., Metals and O&G) drove the beat. Technology posted a marginal decline in earnings, its first in 26 quarters. The aggregate earnings of the MOFSL … Read more
Most technical indicators suggest a correction in the near term. If Nifty falls below 21,250, it is likely to move towards the 21,000-20,900 range. However, if the index surpasses and maintains levels above 21,500, analysts anticipate index to move to 21,600-21,700 range. SBI, NMDC, SAIL, RIL, Infosys, GAIL, Siemens, Tata Power, Coforge, MGL, Star Cement, … Read more
Indian headline indices were trading lackluster on Wednesday with Nifty hovering at 21,530, down 14 points or 0.07% while the S&P BSE Sensex declined 33 points or 0.05% at 71,352. The weakness was on account of drags in auto and pharma packs even as banks saw limited action. Tuesday’s trade favoured a sideways move with … Read more
Brokerage UBS maintained a buy rating on Zomato and initiated coverage on Adani Ports and Delhivery. Motilal Oswal recommended a buy on Siemens. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: UBS on Zomato: Buy| Target Rs 150UBS maintained a buy rating on Zomato with a target … Read more
