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 Suzlon Energy dipped 2% today on BSE to the day’s low of Rs 45 after the company reported a decline of 21% year-on-year (YoY) in Q4 net profit to Rs 254 crore. However, brokerages see an upside to Rs 54 for the stock. The consolidated net profit in the 2023-24 fiscal year also … Read more
While Sebi may be worried about a possible bubble building up in the broader market, smallcap investors have had an unforgettable FY24 with at least 245 smallcap stocks and 23 midcap stocks giving multibagger returns this financial year. Smallcap Jai Balaji Industries has given the highest return of 2,073% in the category, shows data of … Read more
Finance Minister Nirmala Sitharaman on Thursday said that about 1 crore households will get 300 units of free electricity under the rooftop solar scheme. Following the announcement, shares of green energy and related stocks jumped up to 7% with IREDA, KPI Energy and Websol Energy leading the rally. While IREDA and Websol were each up … Read more
While the big boys of Indian markets – foreign portfolio investors – ploughed in Rs 50,588 crore in the recently concluded December quarter, not every sector was lucky enough to get a share of the pie. Power was on the top of the FPI hitlist in Q3, suffering a Rs 4,700-crore jolt. FPIs sold power … Read more
Mumbai: Renewable energy companies have been among the hot investment themes on Dalal Street in the past six months as the government’s thrust to boost clean power capacities is driving investor appetite in the sector. Shares of sectoral players such as Suzlon Energy, SJVN, NHPC, and NTPC, among others, surged between 25% and 225% in … Read more
Mumbai: Shares of most companies in the power space are at all-time highs helped by the recent uptick in demand, an improvement in pricing trends, and pick-up in industrial demand. Shares of Torrent Power, NTPC and Power Finance Corp hit their lifetime highs on Wednesday, while REC hit its lifetime high earlier this month. Renewable … Read more
Feroze Azeez, Dy CEO, Anand Rathi Wealth, says “smallcap stocks are the bottom 250 stocks of NSE 500 as per SEBI’s definition for a mutual fund investor. Putting 250 companies in one judgment itself is fundamentally incorrect. The smallest stock in the smallcap index is a Rs 3,200-crore market cap company and the largest one … Read more
Even after a whopping 366% return in the last one year, Suzlon Energy shares are still not out of steam and could run up another 27%. The stock is undergoing correction but with a robust chart structure in place, the momentum could come back, suggests a market expert. The multibagger stock has witnessed a 14% … Read more
There’s no doubt that retail investors have contributed significantly to the strong rally in the midcap and smallcap stocks in the last 7-8 months, as they went bargain hunting in this space. Interestingly, of the top 10 stocks that saw the highest increase in retail shareholders in the last one quarter, seven of them are … Read more