Brokerage firm Spark Capital upgraded Lupin to a buy, Phillip Capital maintained a buy rating on Godrej Consumer, Morgan Stanley remained overweight on Aarti Industries and Geojit upgraded Bata India to a buy. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Spark Capital on Lupin: Buy| Target … Read more
Indian market is likely to trade higher on Wednesday tracking positive global cues. Nifty future closed positive with gains of 0.45% at 21499 levels on Tuesday. India VIX was up by 7.08% from 13.70 to 14.68 levels. Volatility spiked to higher zones and created some swings in the market. Positive setup was seen in stocks … Read more
The Indian market closed in the green for the second consecutive day on Friday, tracking positive global cues. The S&P BSE Sensex rose more than 200 points, while the Nifty50 closed above the 21,300 mark on Friday. Sectorally, buying was seen in realty, IT, metal, auto, and healthcare stocks, while selling pressure was seen in … Read more
With consistent earnings normalization, controlled credit costs, and healthy asset quality, earnings for PSBs are expected to grow at a more sustainable pace. We estimate the profitability of the top six PSBs under our coverage to rise to Rs 1.7 trillion by FY26 from Rs 573 billion in FY22 and from collective losses in FY18. … Read more
The Indian market is likely to trade higher on Friday tracking positive global cues. The S&P BSE Sensex rose nearly 400 points while the Nifty50 closed above 21,300 levels on Thursday. The Nifty future closed positive with gains of 0.75% at 21376 levels. India VIX was down by 4.79% from 14.41 to 13.75 levels in … Read more
