Mumbai: Shares of logistics solutions provider Delhivery tumbled over 10% on Tuesday after the company’s fourth-quarter results prompted some brokerages, including CLSA, to cut their price targets on the stock. The price targets after the March quarter results imply a 15-74% upside in the stock from Tuesday’s closing price of ₹390. CLSA downgraded its rating … 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
ET looks at some of the latest stock/security recommendations by analysts. These stocks/ securities are expected to return between 9% and 26% as per analysts’ price targets. TCS BROKERAGE UBS Price Target: Rs 4,700 CMP: Rs 4,103 Upside: 14.6% Upgrade stock to ‘buy’ from ‘neutral’ as company could outperform its large peers in revenue growth … Read more
ET looks at some of the latest stock recommendations by analysts. These stocks are expected to return between 16% and 38% as per analysts’ price targets. Indus Towers BROKERAGE BOFA SECURITIES Price Target: Rs 280 CMP: Rs 240.5 Upside: 16% Vodafone Idea’s potential fund raise for network expansion to be positive for Indus as it … Read more
Mumbai: Analysts at most top brokerages trimmed or retained share price targets on Navin Fluorine International after the chemical maker posted weaker-than-expected December quarter results. The stock dropped 5.35% to close at ₹3,087 on Wednesday off its 52-week low of ₹3,030. The average analyst price target on Navin Fluorine available by Bloomberg after the third … Read more
Mumbai: Analysts at most top brokerages raised or retained share price targets on Axis Bank after the lender’s December quarter results. The stock fell 2.72% to close at ₹1,059.60 on Wednesday on concerns margins may remain under pressure. The average analyst price targets on Axis Bank after the third quarter results stood at ₹1,271.80, implying … Read more
Mumbai: The recent rally in the stock market has led to the valuations of several shares, especially mid-caps and small-caps, turning pricey, raising concerns whether the upsides are capped. Analysts think there is, however, still scope for upsides in a few smaller shares. They have upgraded price targets on shares of various small- and mid-cap … Read more