Shares of NCC Ltd tumbled as much as 14.6% on Friday to Rs 202.85 on the BSE after the infrastructure company reported a 12.5% year-on-year (YoY) decline in net profit at Rs 193.2 crore for the third quarter ended December 2024. The stock decline followed NCC’s earnings announcement post-market hours on Thursday. The Rekha Jhunjhunwala-backed…
READ MOREWith the Nifty rejig about to take place in March, Zomato shares could see an inflow of $702 million if the company is included in the index, states a report by domestic brokerage firm JM Financial. Zomato’s potential inclusion is expected to bring a significant inflow of funds, estimated at $702 million, which could drive…
READ MOREShares of Suzlon Energy climbed as much as 5% on Friday to reach Rs 58.15 on the BSE, extending their rally for a third consecutive session. The stock has gained nearly 16% over the past three days, driven by the company’s impressive third-quarter earnings report. The renewable energy firm reported a 90% year-on-year (YoY) jump…
READ MOREShares of Brainbees Solutions, the parent company of the FirstCry brand, fell 2.3% on Monday to Rs 457.10 on the BSE, extending a recent losing streak as concerns over an impending pre-IPO lock-in expiry loomed large. Brokerage JM Financial maintained its “buy” rating on the stock but slashed its target price to Rs 667, still…
READ MOREIndiaMART InterMESH Ltd will report its third-quarter results on Monday, with the company expected to post an adjusted profit after tax (PAT) in the range of Rs 133.4 crore to Rs 140.5 crore, representing a year-on-year increase of approximately 63-72%, according to estimates by brokerages JM Financial and Nuvama. Revenue for the quarter ended December…
READ MOREAfter witnessing a rally in Tuesday’s session, the shares of Oil and Natural Gas Corporation (ONGC) today continued their rally, surging 2.6% to their day’s high of Rs 270.50 on the BSE after the global brokerage firm CLSA upgraded its rating to ‘High Conviction Overweight-PF’. The brokerage firm had also set a target price of…
READ MOREShares of Piramal Pharma soared 8.3% to their day’s high of Rs 272 on the BSE after the domestic brokerage firm JM Financial initiated coverage on the healthcare sector, citing the stock as its preferred pick with a target price of Rs 340. The target price stated by the domestic brokerage firm signals an upside…
READ MOREShares of newly-listed Swiggy climbed as much as 8.1% on Wednesday to Rs 499 on BSE, with the stock surging nearly 16% in the past two sessions after UBS became the latest brokerage to initiate coverage on the food delivery major with a “Buy” rating, highlighting Swiggy’s promising growth in India’s food delivery and quick…
READ MOREWith Sensex rallying 3,000 points in the previous two trading sessions amid optimism surrounding the outcome of the Maharashtra elections, there are over 40 stocks on which brokerages are betting on to capitalise on market recovery, driven by improving valuations, robust domestic flows, and hopes of capex revival. With Nifty being down around 8% from…
READ MORECiting Zomato’s market dominance and superior execution, brokerage JM Financial expressed a preference for Zomato over Swiggy, highlighting the challenges Swiggy may face in establishing its footing in this space. In its report, JM Financial highlights Zomato’s leadership and execution record, suggesting it holds an edge over Swiggy despite the latter’s advances in quick commerce…
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