Shares of Tata Steel fell 3% in Thursday’s trading session to the day’s low of Rs 168.90 after reporting a 64% decline in its net profit to Rs 611 crore in Q4FY24. The profit was lower by Rs 1,094 crore as compared to the same quarter a year ago and also fell short of D-Street’s … Read more
Brokerage houses such as CLSA downgraded Tata Steel to sell and M&M to outperform from a buy rating earlier. Morgan Stanley maintained an overweight rating on Apollo Hospitals and HSBC gave a buy tag to HDFC Bank. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: CLSA on … Read more
Tata Steel shares, which hit a fresh peak of Rs 156 on BSE, have shown a powerful breakouhavet on the daily chart, accompanied by a notable surge in volumes. “Additionally, the formation of a Morning Star pattern, a bullish reversal candle pattern, indicates strong support for the stock. The momentum indicator, RSI, has also provided … Read more
Brokerage firm Goldman Sachs maintained a neutral rating on TVS Motor, Jefferies maintained a hold on IOC, Morgan Stanley recommended an Equal Weight rating on IOC, Jefferies has a buy rating on DLF and ICICI Securities downgraded Indus Towers. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: … Read more
Indian headline indices hit fresh lifetime highs on Friday ending with weekly gains of 2.7% on a dovish pivot by the US Fed. The biggest gainers were IT and bank stocks. Nifty hit a new lifetime high of 21,492.30 before ending the session at 21,456.65, up 273.95 points or 1.29%. The 30-stock S&P BSE Sensex … Read more
Brokerage firm Morgan Stanley maintained an Equal Weight rating on Tata Steel and SAIL. Motilal Oswal has a buy rating on Max Healthcare and Cyient. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Morgan Stanley on Steel: Equal Weight on Tata Steel & SAIL Morgan Stanley maintained … Read more
The Indian market closed higher on Friday tracking positive global cues. The S&P BSE Sensex rallied more than 500 points, while the Nifty50 closed above 19,400 levels. Sectorally, buying was seen in metals, utilities, telecom, and public sector while some selling was seen in healthcare stocks. Stocks that were in focus included names like MTAR … Read more