With impatient investors unwilling to wait till the release of Lok Sabha election results on June 4 or even the exit poll on June 1, Sensex has rallied over 3,500 points since voting began in a Rs 26 lakh crore rally. Considering April 19’s low of 71,816.46, when voting for the first phase of Lok … Read more
Telecom operator Vodafone Idea today found another backer when global broking firm UBS upgraded the stock to buy with a target price of Rs 18, saying that it is expecting relief on government dues as well as a mobile price increase. Following the upgrade, the stock jumped over 5% to Rs 14.82. “We believe the … Read more
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
ZURICH: Swiss banking giant UBS will look for merger and acquisitions opportunities in the United States in the next few years, its chairman told the NZZ newspaper on Sunday. UBS, which took over former rival Credit Suisse last June, wants to expand its U.S. wealth-management business through potential M&A in the next three or four … Read more
MUMBAI: Rana Talwar, the first Indian and Asian to helm a global bank, died at the age of 76 on Saturday.He was unwell for some time, said sources. He is survived by wife Renuka (daughter of DLF Group chairman emeritus K P Singh) and son Rahul (who is also involved with DLF). His last rites … Read more
Brokerage firm Jefferies maintained a hold rating on HCL Technologies and an underperform rating on Wipro post-Q3 results. Goldman Sachs maintained a buy rating on Polycab India and UBS initiated coverage on SBI Cards with a neutral rating. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Jefferies … Read more
Maker for Tejas fighter aircraft Hindustan Aeronautics (HAL) saw its market capitalisation cross the Rs 2 lakh crore mark for the first time on Friday after the stock rallied 6% in trade today to its fresh 52-week high level. HAL stock hit a new 52-week high of Rs 3,078.8 in today’s trade, backed by heavy … Read more
About six months before Credit Suisse was sold to rival UBS in a weekend rescue, the head of the Swiss central bank wanted to inject 50 billion Swiss francs ($57.6 billion) into the lender and nationalise it, according to three sources with direct knowledge of the matter. Hobbled by a series of scandals and failed … Read more
Chinese equities are set to outperform Indian peers next year as their battered valuations suggest significant upside potential once sentiment turns, according to UBS Group AG. Stocks in China have currently priced in “lots of negatives,” making them poised for a sharp rebound when catalysts arrive, said Sunil Tirumalai, UBS’ global emerging market strategist. Meanwhile, … Read more
ZURICH: UBS posted a larger-than-expected loss in the third quarter on Tuesday, the first quarterly drop since 2017 as it integrates Credit Suisse after taking over its fallen Swiss banking rival.Switzerland’s largest bank said the net loss in the third quarter stood at $785 million (732 million euros). Analysts surveyed by the AWP news agency … Read more