FMCG and pharma stocks have rallied by up to 23% over the last month, demonstrating their reputation as defensive bets. In contrast, the Nifty50 index has slipped into the red amid high volatility, with the India VIX rising over 27% during the same period. At the index level, Nifty FMCG and Nifty Pharma have returned … Read more
Brokerage firms such as Jefferies have a buy rating on ITC and Adani Ports, while Goldman Sachs has a sell call on Sun Pharma. Macquarie has an outperform rating on Zomato, and JP Morgan has a neutral view on Dabur. We have collated a list of recommendations from top brokerage firms from ETNow and other … 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
