Infosys’ weak Q4 earnings have a price, brokerages slash targets by 9-13%
Following a 12% year-on-year (YoY) decline in Infosys’ March quarter consolidated net profit and lower-than-estimated revenue, brokerages have slashed their target prices while retaining a ‘Buy’ rating on the stock. Nuvama Institutional Equities and Emkay Global revised their targets downward amid topline miss and prevailing uncertainties. On Thursday, India’s second-largest IT services company by market…
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Muted Q4 for banks as NIMs squeeze and tepid loan growth to hit earnings. 4 things to watch out for
Banks are expected to report yet another muted quarter, with Q4FY25 earnings taking a hit due to slower-than-expected loan growth and pressure on net interest margins. While the 25 bps rate cut in the February monetary policy by the Reserve Bank of India (RBI) is expected to show its impact, another 25 bps cut announced…
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FY25 PSU stock performance worst in 3 years as 73% scrips fall up to 48%. Just 1 multibagger shines
PSU stocks will end FY25 on a lackluster note, recording their worst performance of the past three financial years. Nearly 73% or 46 stocks out of 63 analysed by ETMarkets have witnessed a decline of up to 48% so far, and Mazagon Dock Shipbuilders stands tall as the only multibagger in the pack. With just…
READ MOREStock Market Today: S&P 500, Dow Rally As Schumer Punts Government Shutdown
The US stock market rallied on Friday after days of pain brought on by Trump’s trade war. Markets cheered after Sen. Chuck Schumer said he’d support a GOP spending bill. It means a government shutdown will likely be averted, delivering investors much-needed good news. After days of pain brought on by President Donald Trump’s trade…
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