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
Citing the rapid growth of the quick commerce (QC) economy, brokerage firm Bernstein has maintained its ‘Outperform’ rating on Zomato and revised its target price to Rs 330, suggesting an upside potential of 16% from the previous day’s closing price of Rs 283.9. Bernstein points out that initial assumptions about QC, such as it being … Read more
The share price of Vodafone Idea dropped by 14% on Friday, reaching a low of Rs 12.91 from the previous day’s close of Rs 15.09. This decline followed a target price of Rs 2.5 set by global brokerage firm Goldman Sachs, which also signaled a potential downside of up to 83%. Based on the recent … Read more
Shares of Zomato rallied 7.6% on the BSE today, reaching an intraday high of Rs 261.50, after JPMorgan raised the stock’s target price to Rs 340 from Rs 208, while maintaining an overweight rating. JPMorgan stated that Zomato is leading rapid retail consumer transformation through convenience-focused Quick Commerce. The company is expanding its presence across … Read more
Logging its longest winning run in nearly a year, benchmark BSE Sensex rose for the 10th straight day to close at a fresh lifetime high on Monday. Stocks that were in focus include names like NBCC, which rose 0.42%, Adani Ports, which jumped 0.85%, and Varun Beverages, whose shares gained nearly 1.86% on Monday. Here’s … Read more
Shares of Bharti Hexacom on Friday rallied 6% on BSE to its day’s high of Rs 1,245.70 after the global brokerage firm Citi initiated coverage on the stock with a buy rating and a target price of Rs 1,405. “The company is an attractive midcap telco with a strong growth outlook. It is a pure-play … Read more
Global brokerage firm Jefferies has upgraded Zydus Lifesciences to a ‘Buy’ rating, citing the strength of the company’s US pipeline as a key driver for future growth. The brokerage raised its target price for the stock to Rs 1,450 from the previous Rs 1,210, reflecting a 30% upside potential from the previous day’s closing price … Read more
Brokerage firm Systematix has initiated coverage on Patanjali Foods with a ‘Buy’ rating and a target price of Rs 2,259. This represents an upside potential of 24% from the previous closing price of Rs 1,828.50 per share. In its coverage initiation, Systematix highlighted Patanjali Foods’ aggressive palm oil plantation plan within its edible oils business. … Read more
Indian Railway Finance Corporation Share Price 178.77 03:59 PM | 16 Aug 2024 -0.29(-0.17%) One97 Communications Share Price 564.25 03:59 PM | 16 Aug 2024 25.46(4.73%) YES Bank Share Price 24.27 03:59 PM | 16 Aug 2024 0.29(1.17%) ITC Share Price 502.65 03:59 PM | 16 Aug 2024 10.45(2.13%) HDFC Bank Share Price 1632.1 03:59 … Read more
Shares of Hindustan Aeronautics (HAL) jumped 3% to a day’s high of Rs 4,787.70 on the BSE after the company reported a consolidated net profit of Rs 1,437 crore for the first quarter ended June 2024. This marks a 77% increase from Rs 814 crore reported in the same quarter last year. The company’s revenue … Read more
