Global brokerage firm Jefferies downgraded BSE, Morgan Stanley maintained an overweight rating on InterGlobe Aviation and Tech Mahindra, and Kotak Securities recommended a sell on Yes Bank. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Jefferies on BSE: Hold| Target Rs 2900 Jefferies downgraded BSE to Hold … Read more
IT services company Tech Mahindra is expected to see another muted quarter (January-March) as an uncertain macro environment and cautious tech spending might weigh on the numbers. Net profit for the quarter ended March 2024 is likely to fall up to 40% year-on-year (YoY), according to an average estimate of four brokerages. Meanwhile, revenues, both … Read more
Brokerage firm CLSA upgraded TCS, HCL Technologies and Tech Mahindra ahead of March quarter results, while JPMorgan has an underweight rating on Tata Technologies, BofA upgraded Jubilant FoodWorks to buy and Nomura recommends a reduce rating on M&M Finance. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: … Read more
Brokerage firm Jefferies maintained an underperform rating on GAIL India, Morgan Stanley maintained an overweight on Infosys, PNB Housing, and ICICI Lombard. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Morgan Stanley on IT: Infosys, HCL Tech, Wipro Morgan Stanley maintained an overweight rating on Infosys but … Read more
Tata Steel. Share Price 149.70 03:59 PM | 18 Mar 2024 8.00(5.65%) Mahindra & Mahindra. Share Price 1856.05 03:59 PM | 18 Mar 2024 56.55(3.15%) JSW Steel. Share Price 804.40 03:58 PM | 18 Mar 2024 23.75(3.05%) Tata Motors. Share Price 972.45 03:59 PM | 18 Mar 2024 26.61(2.82%) Apollo Hospitals Enterprise. Share Price 6136.55 … Read more
CLSA’s downgrade of Indian IT bellwether Tata Consultancy Services (TCS) and HCL Technologies did not go down well with the investors, triggering a selling spree in most IT stocks. Both TCS and HCL Tech shares fell 2% in Tuesday’s trade. The Hong Kong-based brokerage downgraded TCS to ‘Sell’ for the price target of Rs 3,925 … Read more
Mumbai: The earnings upgrade-to-downgrade ratio has weakened over the past three months, with 251 companies in the Nifty 500 universe experiencing downgrades for FY24, compared with 152 upgrades, Bloomberg data showed. Among the Nifty 50 companies, 30 experienced downgrades, while 19 underwent upgrades in this period. A Bloomberg earnings upgrade or downgrade is the consensus … Read more
After a decent set of results from IT heavyweights TCS, Infosys and HCL Tech, investors are eagerly awaiting the quarterly numbers from Tech Mahindra, which will report its earnings today. However, the expectations from the company seem to be modest for the third quarter.Tech Mahindra may report sequential decline in overall revenue and constant currency … Read more
Brokerage firm UBS upgraded Infosys and downgraded Wipro ahead of the December quarter results. JPMorgan upgraded TCS, Infosys as well as HCL Technologies. JPMorgan upgraded Tata Motors to overweight.We have collated a list of recommendations from top brokerage firms from ETNow and other sources: UBS on IT sector: Infosys, Wipro, TCS and HCL TechnologiesUBS upgraded … Read more
