Shares of Coforge, which was earlier known as NIIT Technologies, fell nearly 10% on Friday to the day’s low of Rs 4,505 on BSE after the IT company reported weak Q4 results in which both revenue and margin missed estimates. Jefferies not only downgraded the stock to underperform but also slashed its target price by … Read more
Shares of SBI Cards and Payment Services dropped 4% to the day’s low of Rs 718 on Monday after the company released its Q4 results on Friday wherein an 11% year-on-year (YoY) rise in profit after tax to Rs 662 crore for the quarter ended March 2024 was reported. Total revenue rose 14% YoY to … Read more
Shares of ICICI Bank on Monday rose over 2% to a fresh 52-week high of Rs 1,132.95 on BSE as brokerages raised the target prices with the highest one going up to Rs 1,450. The private sector lender reported a healthy performance in Q4, with 17% year-on-year (YoY) growth in profit amid contained opex and … Read more
Nestle India’s share price fell on Friday to the day’s low of Rs 2,511.60, dropping 2% after the company declared its Q4 results on Thursday. The standalone net profit rose 27% year-on-year (YoY) to Rs 934 crore for the March quarter as compared to Rs 737 crore a year ago. Revenue rose 9% to Rs … Read more
Shares of Dalal Street’s old warhorse Bajaj Finance on Friday fell up to Rs 6,790 on BSE as investors were left unimpressed with its Q4 results and worried that it could be even weaker. Motilal Oswal downgraded the stock to neutral with a target price of Rs 7,800 saying that the management’s guidance for FY25 … Read more
Spot gold closed with a gain of 0.59% at $2392 Friday as the metal rose on fresh concerns about the geopolitical situation following Israel’s attack on Iran. Israel reportedly struck back Iran on Friday morning in a low-scale drone operation. Although targets were Iran’s military sites, damage was limited. Iranian media downplayed the impact of … Read more
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
Shares of Wipro on Monday fell around 1% to the day’s low at Rs 479 on BSE after investors were left surprised by the sudden exit of the Bengaluru-based IT major’s CEO and MD Thierry Delaporte. About half of the brokerages have a sell rating on the Nifty IT stock as they believe that transition … Read more
Shares of Mankind Pharma on Tuesday fell up to 3.2% to the day’s low of Rs 2,141.50 on BSE after PE investors likely sold 3.2% equity in the company or about 1.3 crore shares in block deals worth around Rs 2,700 crore. PE firm ChrysCapital’s affiliate entity Beige Ltd was reported to have issued a … Read more
Brokerage firm Morgan Stanley maintained an overweight rating on RIL and an overweight rating on Indian Oil Corporation (IOC). Sharekhan recommended a buy on ICICI Bank and ICICIdirect has a buy rating on PCBL. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Morgan Stanley on RIL: Overweight| … Read more
