Shares of Apollo Hospitals rallied 3.4% in Friday’s early trade to the day’s high of Rs 5,955 after the company reported a 77% year-on-year (YoY) jump in its net profit. The company’s revenue from operations in the January-March 2024 period increased 15% YoY to Rs 4,944 crore and the board of directors have also recommended … Read more
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
MUMBAI: HDFC Bank’s mortgage business head Arvind Kapil has filed papers to take charge as MD & CEO of Poonawalla Fincorp. Kapil is a 25-year veteran of HDFC Bank and was placed in charge of the legacy housing finance business of HDFC after its merger with the bank last year.“Given the sheer size of the … Read more
MUMBAI: Paytm Payments Bank’s regulator-mandated virtual exit from the UPI platform may not have as disruptive an impact on the cashless transaction ecosystem as is being currently feared as most users have multiple backend accounts that are out of the scope of the central bank’s curbs. Furthermore, only about a sixth of the 90 million … Read more
Paytm share price today: Paytm shares experienced a significant decline of up to 9.88% today, reaching a low of Rs 380.10 on the Bombay Stock Exchange (BSE). This drop came after global broking firm Macquarie downgraded the Vijay Shekhar Sharma-led troubled fintech company from a neutral call to underperform. Macquarie also reduced Paytm’s target price … Read more
A host of important triggers are likely to have an impact on Paytm, SJVN, and Century Ply. While Macquarie has retained a neutral stance on Paytm after the management meeting, Goldman Sachs has downgraded SJVN’s rating but increased the price target. As for Century, domestic brokerage Spark Capital has revised the ratings upwards while hiking … Read more