Brokerage firm Jefferies has a hold rating on Trent, Goldman Sachs maintained a sell rating on PNB Housing, JPMorgan has a neutral stance on KPIT Technologies, and BofA Securities maintained a buy call on UltraTech Cement. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Jefferies on Trent: … 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
With the fourth quarter earnings underway, as many as 211 companies will announce their quarterly results this week with some major names in the mix. Investors will be particularly watching out for some major earnings of Kotak Mahindra Bank, DMart, Ultratech Cement, Indian Oil, Adani Energy, Adani Power, Ambuja Cements, Adani Wilmar, Adani Enterprises, Coal … Read more
Indian market is expected to trade higher on Monday tracking positive global cues. The Nifty future closed negative with losses of 0.24% at 22538 levels on Thursday. India VIX was down by 4.77% from 14.30 to 13.61 levels. Positive setup was seen in stocks like Tata Chemicals, Tata Power, Tata Steel, OFSS, Glenmark, HAL, Tata … Read more
Trent shares jumped nearly 4% in Thursday’s trade to fresh 52-week high of Rs 3,737.50 on strong December quarter earnings and target upgrades by a clutch of brokerages including Jefferies, Morgan Stanley and Nuvama. While earnings remain strong quarter-on-quarter, Jefferies flagged current valuations. The stock has extended its gains to 23% in two sessions. Fashion … Read more
Brokerage firm Jefferies maintained a buy on JB Pharma, Citigroup has a buy rating on Nestle India, CLSA recommended a sell on Nazara Technologies and Morgan Stanley maintained an Equal Weight rating on Trent. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Jefferies on JB Pharma: Buy| … Read more
Over the halfway mark into the earnings season, nearly 190 companies will be announcing their December quarter earnings on Wednesday with Street keeping its eyes fixed on the results of Nestle India, Power Grid Corporation, Tata Consumer Products and Trent. Among other important results will be those by Fortis Healthcare, Gujarat Narmada Valley Fertilizers & … Read more
Amid bearish trends, the Indian benchmark indices ended with declines on Tuesday led by selling pressure in IT, auto and bank stocks. While S&P BSE Sensex settled at 71,139.90, down 801.67 points or 1.11%, the broader Nifty closed with declines of 215.50 points or 0.99% at 21,522.10. When they resume trading today, 21,500 will remain … Read more
Tata Consumer Products became the sixth firm among the listed Tata Group companies to cross the market capitalisation of Rs 1 lakh crore. In Friday’s trade, Tata Consumer stock rose 3.8% to cross this milestone. Apart from Tata Consumer, Tata Consultancy Services (TCS), Titan, Tata Motors, Tata Steel, and Trent have crossed the market cap … Read more
