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
Axis Bank has been in a broad range since November 23 and has been fluctuating between Rs 1,021.60 mark on the lower side, and Rs 1,150.95 on the upper side. The stock managed to breach the resistance one to create a new all-time high of Rs 1,182.90 on April 30. In the entire month of … Read more
Brokerage firm Jefferies maintained an underperform rating on Dixon Technologies, Nomura upgraded Apollo Tyres to neutral, Jefferies recommend buy on Adani Ports and HSBC downgraded Colgate to hold. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Jefferies on Dixon Technologies: Underperform | Target Rs 6350 Jefferies maintained … Read more
Shares of Bharti Airtel on Wednesday surged 2% on BSE to the day’s high of Rs 1,312.80 even after the telecom major reported a 31% year-on-year (YoY) fall in its consolidated net profit to Rs 2,072 crore for the fourth quarter, while the revenue from operations increased 4% to Rs 37,599 crore against Rs 36,009 … Read more
Jamnagar-based Winsol Engineers on Tuesday received the highest premium on listing so far this year, mostly in-line with expectations. The stock debuted with a massive premium of nearly 387% over the issue price on Tuesday, making it one of the best listings seen in the recent past. Before the debut of Winsol, only two companies … Read more
Shares of Coforge, which was earlier known as NIIT Technologies, fell nearly 10% on Friday to the day’s low of Rs 4,505 on BSE after the IT company reported weak Q4 results in which both revenue and margin missed estimates. Jefferies not only downgraded the stock to underperform but also slashed its target price by … Read more
Fashion and lifestyle player Trent on Monday reported a multifold jump in consolidated net profit at Rs 712 crore for the quarter ended March 31, 2024. The profit stood at Rs 45 crore in the corresponding quarter last fiscal. The company reported a revenue of Rs 3,298 crore, up 51% year-on-year (YoY) from Rs 2,183 … Read more
Shares of ICICI Bank on Monday rose over 2% to a fresh 52-week high of Rs 1,132.95 on BSE as brokerages raised the target prices with the highest one going up to Rs 1,450. The private sector lender reported a healthy performance in Q4, with 17% year-on-year (YoY) growth in profit amid contained opex and … Read more
Shares of Dalal Street’s old warhorse Bajaj Finance on Friday fell up to Rs 6,790 on BSE as investors were left unimpressed with its Q4 results and worried that it could be even weaker. Motilal Oswal downgraded the stock to neutral with a target price of Rs 7,800 saying that the management’s guidance for FY25 … Read more
With Wipro and Infosys’ results out this week, the fourth quarter earnings season will now pick up pace as the upcoming week will witness the results for Axis Bank, ICICI Prudential Life Insurance, Mahindra & Mahindra Financial Services, Tata Elxsi, along with 167 other companies. Other big players across sectors, like HUL, Indian Hotels, OFSS, … Read more
