Global brokerage firm Goldman Sachs initiated coverage on Honasa Consumer (Mamaearth) with a ‘Buy’ rating and target price of Rs 570, which indicates an upside potential of 26% from the previous day’s closing price of Rs 451 apiece. Following the coverage initiation, shares of Mamaearth also jumped 5% to Rs 472 on BSE. In its … Read more
Brokerage firm Nuvama has a reduce call on Kotak Bank, while Goldman Sachs and Jefferies have a buy rating on HDFC Bank. Investec has maintained a sell call on PVR Inox.We have collated a list of recommendations from top brokerage firms from ETNow and other sources:Nuvama on Kotak Mahindra Bank: Reduce | Target price: Rs … Read more
Gold prices were flat on Thursday, as investors awaited a key U.S. inflation reading that could provide further insights into the Federal Reserve’s policy path. FUNDAMENTALS * Spot gold was unchanged at $2,338.04 per ounce, as of 0125 GMT, after falling 1% in the previous session. * U.S. gold futures were down 0.2% at $2,358.30. … Read more
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
The initial public offering of Awfis Space Solutions closed on Monday, with bids exceeding more than 108 times the shares the office sharing company has put up for sale. According to data from the BSE, the public issue received bids for more than 936.8 million shares against the 8.62 million shares on offer. The category … Read more
Go Digit, the fast-growing general insurance company, listed at Rs 286 per share, translating to a 5% gain over the issue price of Rs 272. The listing fell short of expectations as the grey market trends suggested a potential gain of around 10%. Analysts said Go Digit’s position as the fastest-growing private non-life insurer by … Read more
Warburg Pincus, through its subsidiary White Iris Investment, has sold its entire stake in Apollo Tyres through block deals on Wednesday. The leading global PE firm offloaded about 3.5% stake or 2.24 crore shares in the transaction at Rs 477.35 apiece, taking the deal value to around Rs 1,072 crore. Marquee funds, including Goldman Sachs, … Read more
The initial public offer (IPO) of Awfis Space Solutions has opened for subscription today and will close on May 24. The IPO includes a fresh share sale of Rs 128 crore and an offer-for-sale (OFS) of up to 1.22 crore shares. Promoter Peak XV Partners V and other shareholders Bisque and Link Investment Trust are … 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
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