Shares of InterGlobe Aviation, which operates IndiGo Airlines, rose nearly 3% in Friday’s trade on BSE to its new 52-week high of Rs 4,520 after the company’s PAT more than doubled to Rs 1,895 crore in Q4. Revenue from operations increased 26% year-on-year (YoY) to Rs 17,825 crore in the reporting quarter while the airline’s … Read more
Shares of Honasa Consumer, which owns Mamearth, rallied 7% in Friday’s session on BSE to the day’s high of Rs 447.70 after reporting a net profit of Rs 30.4 crore for the quarter ended March 2024 against a loss of Rs 161.7 crore in the last year quarter. Honasa clocked its highest-ever profit during the … Read more
Shares of Zee Entertainment Enterprises rose nearly 3% to Rs 144.4 in Tuesday’s trade on BSE after the firm reported a profit of Rs 13 crore in the March quarter of FY24, after reporting a loss of Rs 196 crore in the year-ago period. Moreover, the company’s shares closed over 4% higher in a special … Read more
Following the recent plunge in small-cap and mid-cap shares, ET looks at some of the latest stock recommendations by analysts. These stocks are expected to return between 23% and 49% as per analysts’ price targets. Shriram Pistons & Rings BROKERAGE: EMKAY GLOBAL Price Target: Rs 2,450 CMP: Rs 1,647 Upside: 49% Initiate coverage with ‘buy’ … Read more
Indian government bond market participants said on Wednesday they expect inflows of less than $5 billion from the recent inclusion in the Bloomberg Index Services, which is unlikely to have any material impact on bond yields. Bloomberg Index Services said on Tuesday it would include 34 Indian government bonds eligible for investment via the country’s … Read more
Mumbai: Shares of Tata Motors gained 3.5% to an all-time high of ₹1,022 on Tuesday following the announcement of the demerger of its commercial and passenger vehicle divisions. Various analysts said upsides in the stock could be limited from the current levels after the 132% surge in the price in the past one year. Motilal … Read more
Under Chairman N Chandrasekaran, Tata Sons has been planning consolidation by halving the number of listed companies to nearly 15 from 29 to focus on investing in fewer but bigger entities that can ably compete in the marketplace. He had told ET in an interview in 2017 that he also wanted to bring down the … Read more
Shares of Tata Motors on Tuesday rallied 7.9% as investors pinned hopes on better value discovery from the proposed demerger of its passenger vehicle and commercial vehicle businesses. Both Morgan Stanley and JP Morgan gave overweight ratings on the Tata stock which hit a fresh 52-week high of Rs 1,065.60. The stock is, however, already … Read more
The Indian market is poised to maintain its positive momentum, with large-cap stocks expected to outperform the broader market. This trend is indicated by the Nifty vs Nifty 500 ratio reaching its lowest point. Analysts anticipate Nifty to climb towards 22,800, provided it remains above 22,300. Some of the recommended stocks include Reliance Industries, Axis … Read more
Mumbai: Maruti Suzuki’s continued dominance on Dalal Street as investors’ most preferred domestic automobile maker faces challenges with rival Hyundai Motor preparing for a debut on Indian bourses. The South Korean car maker’s listing in the country could weigh on the premium valuations that Maruti’s shares enjoyed over other auto companies so far, said fund … Read more