Brokerage firm Investec maintained a buy rating on Hindalco, Nuvama initiated coverage on Inox Wind and Suzlon Energy with a buy rating respectively. Goldman Sachs has a neutral rating on LIC post-Q4 results.We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Investec on Hindalco Industries: Buy| Target Rs … Read more
Shares of defence PSU Bharat Electronics (BEL), which have jumped 160% in last one year, today rose over 9% on BSE to its fresh all-time high of Rs 282.80 after posting a 30% jump in the net profit to Rs 1,783.52 crore for the fourth quarter. The revenue from operations stood at Rs 8,528.54 crore, … Read more
Mumbai: Shares of Federal Bank fell 5.3% on Tuesday as the elevation of KVS Manian at Kotak Mahindra Bank dashed expectations of the senior banker joining the Kerala-based lender. The stock had risen recently on reports that Manian is one of the top candidates for Federal Bank’s next chief. “We believe any stock run-up attributed … Read more
Oil And Natural Gas Corporation. Share Price 242.20 02:26 PM | 19 Jan 2024 8.65(3.71%) Bharti Airtel. Share Price 1125.20 02:26 PM | 19 Jan 2024 38.16(3.51%) NTPC. Share Price 308.65 02:26 PM | 19 Jan 2024 9.35(3.13%) Tech Mahindra. Share Price 1390.15 02:26 PM | 19 Jan 2024 35.00(2.59%) Tata Steel. Share Price 134.30 … Read more
Mumbai: Amid a market surge characterised by record volumes and the addition of over 30 million demat accounts in 2023, the majority of traditional brokerage firms saw a decline in the number of clients and market share last year. NSE data reveal that brokerage firms, including ICICI Securities, HDFC Securities, Axis Securities, Sharekhan, IIFL Securities, … Read more
Mumbai: Motilal Oswal Financial said Indian state-owned bank shares may rerate further driven by the ongoing earnings traction, aided by improved loan growth, margin stability, and controlled credit costs. The brokerage said SBI, Canara Bank and Bank of Baroda are its top picks. “Several PSBs have raised capital from the market and have a healthy … Read more
Water purifier maker Eureka Forbes (EFL) is set to benefit from a strong unmet need for clean water among Indian consumers, low industry penetration and ownership change in the company, Kotak Institutional Equities said in a note. The brokerage initiates a coverage on the stock while estimating a near 20% upside. The DCF-based fair value … Read more
The stock market may have some more steam left in it if historical pre-election trends are to go by. According to IIFL Alternative Research’s study of market performances before and after general elections since 1980, the Sensex has returned an average of 16% in the six months before the elections. In the three months before … Read more
Mumbai: Goldman Sachs has raised its target on the Nifty to 21,800 by the end of 2024, implying an upside of 10.7% over Monday’s closing level of 19,694. With moderate index gains so far in 2023, and earnings growing at 17%, share valuations appear less elevated now, said the brokerage. “Returns are likely to be … Read more
Mumbai: Global index provider MSCI has included nine Indian stocks, including IndusInd Bank, One 97 Communications (parent entity of Paytm), Tata Motors ‘A’ (Tata Motors DVR) and Suzlon Energy, into its widely-tracked Standard Index as part of the quarterly rejig. The overall changes to the Standard and Smallcap indices could result in inflows of roughly … Read more