Shares of Airtel’s newly listed subsidiary Bharti Hexacom on Tuesday jumped 9% after global brokerage firm Jefferies initiated coverage on the stock with a buy rating and target price of Rs 1,080. Bharti Hexacom shares hit a fresh peak of Rs 876.75 on NSE in the morning session. The brokerage said Bharti Hexacom (BHL) offers … Read more
Traders spooked by Wednesday’s hotter-than-expected inflation print need not to worry, according to Jefferies’ David Zervos, who says risk assets can thrive with or without interest rate cuts by the Federal Reserve. The S&P 500 Index dropped more than 1% Wednesday after the latest consumer price index topped economists’ forecasts, renewing concerns that the Fed … Read more
Shares of Nuvama Wealth on Tuesday jumped 5.3% to Rs 5,305 on BSE after global brokerage Jefferies initiated coverage on the stock with a buy rating and target price of Rs 6,000. The brokerage has also initiated coverage on another wealth management firm 360 ONE, with a target price of Rs 900. “We believe Indian … Read more
Notwithstanding the spate of positive news flow that has taken Paytm shares 10% higher in two days, global brokerage Jefferies temporarily suspended the coverage on the fintech stock but stopped short of stopping coverage. Stating that the valuation could vary on the basis of merchant/user attrition to the tune of 10-30% and a hit to … 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
Brokerage firm CLSA maintained a buy rating on RIL, Goldman Sachs downgraded ONGC, BPCL, and IOC. Jefferies has a buy rating on Godrej Consumer and Nuvama upgraded Infosys to buy ahead of Q3 results. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: CLSA on RIL: Buy| Target … Read more
