After a recent record-breaking rally, equity indices plunged 1% on Friday on across-the-board profit taking as US inflation data dashed hopes of a rate cut by June. Stocks that were in focus included names like HDFC Bank, which fell 1.31%, Zomato, which declined 1.63%, and CAMS, whose shares rose 2.1% on Friday. Here’s what Santosh … Read more
Having compounded at a healthy CAGR of 15.85% since inception in 1949, Sensex scaled the 75,000 peak this week with bulls predicting that the 1 lakh milestone will come within the next five years. Market guru Raamdeo Agrawal has even predicted that the headline index should touch 1.5 lakh by 2029. Describing Sensex as the … Read more
“I think these are broadly the themes which from a stock market perspective could do well. Then, the power demand could go up and that could benefit some of the power companies supplying on merchant basis and I think that those stocks already also had some sort of run up because of this,” says Sandip … Read more
In a post on X, Goyal said: “Our dedicated Pure Veg Fleet will exclusively handle orders from pure vegetarian restaurants. This ensures that non-vegetarian meals, or even vegetarian meals from non-vegetarian restaurants, will never be delivered in the green packaging designated for our Pure Veg Fleet.” His post immediately drew brickbats with many online users … Read more
Benchmark indices rebounded on Wednesday amid a largely firm trend in global equities. The 30-share Sensex rose 89.64 points to settle at 72,101 and the Nifty climbed 21.65 points to finish at 21,839. Stocks that were in focus included names like LIC, which fell 1.21%, Zomato, which jumped 5%, and Bharti Airtel, whose shares rose … Read more
Equity markets rebounded on Thursday and even broader markets saw some recovery from the previous day’s sharp losses. The 30-share Sensex climbed 335 points to settle at 73,097 and the broader Nifty gained 148 points to close at 22,146. Stocks that were in focus included names like ITC, which fell 0.82%, Swan Energy, which rose … Read more
Brokerage firm JPMorgan maintained an overweight rating on Westlife Foodworld, Macquarie recommended an outperform rating on Asian Paints, HSBC maintained a buy rating on Zomato and Morgan Stanley recommended equal weight stance on AB Capital. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: JPMorgan on Westlife Foodworld: … Read more
Equity markets declined on Monday, snapping its two-day gaining streak due to weak trends in the global markets. The 30-share Sensex dropped 616 points to settle at 73,502 and the broader Nifty slumped 160 points to close at 22,332. Stocks that were in focus included names like Zomato, which fell 3.16%, IndiGo, which rose 3.52%, … Read more
Brokerage firm CLSA maintained an outperform rating on Maruti Suzuki and downgraded HDFC Bank to outperform. Morgan Stanley maintained an overweight rating on Zomato and upgraded Voltas to Equal Weight. Bernstein downgraded SBI. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: CLSA on Maruti Suzuki: Outperform| Target … Read more
Shares of FSN E-Commerce Ventures are expected to witness their next leg of performance riding on margin improvements which will be akin to Zomato, according to estimates by Nuvama. The domestic brokerage reiterated its buy rating on the Nykaa operator while marginally raising the price target to Rs 192 from Rs 189, as suggested earlier. … Read more
