Shares of PSU stock Bharat Heavy Electricals (BHEL) fell up to 8% on BSE on Wednesday to Rs 295 after the company reported an over 25% year-on-year (YoY) decline in its consolidated net profit to Rs 489.62 crore in the March quarter. Kotak Equities sees a downside to Rs 75 for the stock while other … Read more
Brokerage firm Bernstein maintained a Market Perform rating on HCL Technologies, Nuvama has a buy rating on BHEL, Jefferies recommended a buy on JB Pharma and Goldman Sachs has a buy rating on Hitachi Energy. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Bernstein on IT sector: … Read more
Brokerage firm Jefferies upgraded JSW Steel to a hold rating, Motilal Oswal recommended a buy rating on Lemon Tree, Antique maintained a buy rating on BHEL and Choice Broking initiated coverage on Concord Biotech with a buy rating. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Jefferies … Read more
The Indian market closed higher on Friday tracking positive global cues. The S&P BSE Sensex rallied more than 500 points, while the Nifty50 closed above 19,400 levels. Sectorally, buying was seen in metals, utilities, telecom, and public sector while some selling was seen in healthcare stocks. Stocks that were in focus included names like MTAR … Read more