Nomura, Macquarie initiate coverage on Hyundai Motor on listing day, signal up to 26% return
Hyundai Motor India, which is set to debut on the bourses today, has earned 2 positive ratings from global brokerage firms Nomura and Macquarie as they have initiated coverage on the stock with the target price going as high as Rs 2,472. The stock has earned a buy rating with a target price of Rs…
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Kotak Mahindra Bank shares fall over 4% as Q2 margins slip, NPAs rise. What brokerages say
Kotak Mahindra Bank shares fell over 4% to Rs 1,793.85 on NSE after the private sector lender’s net interest margin (NIM) moderated 11 bps sequentially to 4.91% and card delinquencies drove an increase in slippage run-rate. “Factoring in slower growth and rising NPAs, we cut our earnings by 1-5% over FY25-27E, while we retain our…
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Angel One stock goes up another 5% after Q2 earnings
After rallying over 18% the previous day, shares of Angel One surged 5.3% to Rs 3,394 in Wednesday’s trade on BSE after the company on Tuesday reported its best-ever quarterly performance across key financial metrics in the three month period ended September 30, 2024. The domestic brokerage on Monday reported a consolidated net profit at…
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Nomura initiates coverage on Aditya Birla Real Estate, predicts 30% upside on strong growth outlook
Backed by long-term strong growth visibility, the shares of Aditya Birla Real Estate (ABREL) may go up 30% predicted global brokerage firm Nomura while initiating coverage on the stock with a ‘buy’ rating and a target price of Rs 3,700. Nomura believes that ABREL has all the qualities to rank among top 5 real estate…
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Tata Steel downgraded to ‘Sell’ as Kotak Institutional Equities sees risk-reward turning unattractive
Stating risk-rewards turn unattractive after the recent rally, domestic brokerage firm Kotak Institutional Equities has downgraded Tata Steel from a ‘Reduce’ rating to a ‘Sell’ rating with a target price of Rs 145, which indicates a downside of 9% from the previous closing price of Rs 159 per share. The brokerage expects Indian and European…
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Power Grid shares surge 4.5% on Goldman Sachs positive outlook
Shares of Power Grid surged by 4.5% on the BSE to a new all-time high of Rs 366.20 after the global brokerage firm Goldman Sachs showed its optimism about the stock, setting a target price of Rs 370 with a buy rating.The government has upgraded the transmission capex estimate to $110 billion. An 8%+ transformation…
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Indus Towers shares rally 6% after Citi recommends buying the dip, gives Rs 500 target price
Shares of Indus Towers rallied 6.2% to a day’s high of Rs 412.45 on the BSE after global brokerage firm Citi suggested buying the stock on any dips, with a target price of Rs 500 and a maintained buy rating. Citi stated that the amount of past dues that VI repays to Indus in Q2…
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JSW Steel shares jump 4% as Macquarie upgrades stock to overweight, hikes target price to Rs 1,077
JSW Steel shares surged 4% to its day’s high of Rs 984.40 on BSE after the global brokerage firm Macquarie upgraded its rating to overweight and with a target price of Rs 1,077, citing a positive outlook for India’s metals sector. In addition to upgrading JSW Steel’s rating to outperform, Macquarie has also raised the…
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Bajaj Housing Finance shares up 10% after ending 136% higher on listing day, PhillipCapital sees another 27% upside potential
After ending its listing day 136% higher than the issue price of Rs 70 per share, Bajaj Housing Finance (BHFL) shares rallied another 10% today to Rs 181.48 on BSE. Post-listing, domestic brokerage firm PhillipCapital has also initiated coverage on the stock with a target price of Rs 210. PhillipCapital is the first brokerage to…
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Macrotech shares rally 5% as Nomura initiates coverage, sees 30% upside
Shares of Macrotech Developers surged 5% to its day’s high of Rs 1,297.60 on BSE after the global brokerage firm Nomura initiated coverage on the stock with a buy rating and a target price of Rs 1,600, predicting a 30% upside potential. The global brokerage firm is positive on the stock’s future prospects given its…
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