We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Macquarie on Zomato: Underperform| Target Rs 96Macquarie maintained an underperform rating on Zomato with a target price of Rs 96. The competitive intensity is rising. Multiple incumbent e-commerce platforms have announced renewed ambitions in Qcom. The global investment bank … Read more
Retailer and hypermarket operator Trent and state-owned Bharat Electronics are likely to replace LTI Mindtree and Divi’s Laboratories in the forthcoming rejig in the Nifty index, according to an estimate by Nuvama Alternative & Quantitative Research. The possible changes would lead to an inflow of $429 million or Rs 3,500 crore into Trent and $ … Read more
Going purely by PE multiple or price-to-earnings ratio, which tells you how many years it will take for the company’s earnings to cover its current price, Zomato is one of the most expensive stocks on Dalal Street with an astronomically high PE of 487x. The multibagger stock continues to attract buyers despite a 200%-plus rally … Read more
Brokerage BofA Securities maintained a buy rating on Varun Beverages, Jefferies recommended a buy on Zomato, Morgan Stanley has an Equal Weight rating on AB Capital and Motilal Oswal recommended a neutral stance on UPL. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: BofA Securities on Varun … Read more
The fourth quarter results season is coming to a fag-end, and analysts said despite earnings largely meeting expectations, there is a noticeable moderation in the overall earnings landscape. Some notable companies that will announce their earnings this week include Varun Beverages, Zomato, Airtel, Siemens, Power Finance Corp, Mahindra and Mahindra, HAL, and JSW Steel, among … Read more
Domestic markets declined on Tuesday dragged by concerns over rich valuations. The 30-share BSE Sensex fell 383 points to settle at 73,511 and Nifty declined 140 points to 22,302. Stocks that were in focus include names like Dabur, which rose 5.11%, Inox Wind, which was down 6.06%, and Zomato, whose shares declined 1.89% on Tuesday. … Read more
After a recent record-breaking rally, equity indices plunged 1% on Friday on across-the-board profit taking as US inflation data dashed hopes of a rate cut by June. Stocks that were in focus included names like HDFC Bank, which fell 1.31%, Zomato, which declined 1.63%, and CAMS, whose shares rose 2.1% on Friday. Here’s what Santosh … Read more
Having compounded at a healthy CAGR of 15.85% since inception in 1949, Sensex scaled the 75,000 peak this week with bulls predicting that the 1 lakh milestone will come within the next five years. Market guru Raamdeo Agrawal has even predicted that the headline index should touch 1.5 lakh by 2029. Describing Sensex as the … Read more
“I think these are broadly the themes which from a stock market perspective could do well. Then, the power demand could go up and that could benefit some of the power companies supplying on merchant basis and I think that those stocks already also had some sort of run up because of this,” says Sandip … Read more
Benchmark indices rebounded on Wednesday amid a largely firm trend in global equities. The 30-share Sensex rose 89.64 points to settle at 72,101 and the Nifty climbed 21.65 points to finish at 21,839. Stocks that were in focus included names like LIC, which fell 1.21%, Zomato, which jumped 5%, and Bharti Airtel, whose shares rose … Read more
