ICICI Bank’s third-quarter Profit After Tax (PAT) reached 10,271 crores, surpassing the estimates of 9,980 crores. The Net Interest Income (NII) for the quarter stood […]
Category: Brokerage Reports
Bharti Airtel’s Strategic Move: Bharti Hexacom IPO and Government Exit Plan Unveiled
Bharti Airtel Plans Bharti Hexacom IPO: – Bharti Airtel is gearing up for an initial public offering (IPO) of its subsidiary, Bharti Hexacom. – This […]
Market Insights: Citi Downgrades Reliance, Upgrades Ultratech Cement, and More in Latest Brokerage Reports
1. Reliance Industries (CITI): – Rating downgraded to ‘neutral,’ target at 2,910. – FY24-26E EBITDA raised by 2-5%, driven by Jio, retail, and O2C. – […]
Reliance Industries Q3 Results: Steady Growth Across Industries – Jio, Retail, and Consolidated Figures Revealed
Reliance Industries Limited:– Consolidated revenues for Q3FY24 reached Rs 248,160 crore, showing a 3.2% YoY increase, supported by sustained growth in consumer businesses.– Quarterly EBITDA […]
HDFC Bank Bullish: CLSA targets 2025, Morgan Stanley aims for 2110. Brokerage reports reveal insights on Bajaj Finance, L&T Tech, Gail, and Cement Sector
CLSA on HDFC Bank:– Maintains Buy; Raises target price to ₹2025 from ₹1900.– Trims loan growth estimate from 17%-18% to 15% due to deposit challenges.– […]
Fitch Ratings Affirms India’s ‘BBB-‘ Rating: Robust Growth Amid Fiscal Challenges and ESG Considerations
Rating Overview:Fitch Ratings has affirmed India’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BBB-‘ with a Stable Outlook. This decision is influenced by several key […]
Brokerage Research Stock Insights: Unveiling Trends in Polycab, HDFC Life, Wipro, HCLTech, Indusind Bank, Zomato, PayTm, Delhivery, Info Edge, and Avenue Supermarts
• Goldman Sachs on Polycab: – Recommends a Buy with a target price of ₹5,750. – Suggests awaiting further clarity from both the company and […]
Vibrant Gujarat 2024 Highlights:
During Vibrant Gujarat 2024, Memorandums of Understanding (MOUs) worth a staggering ₹45.2 lakh crore were inked, surpassing the 2019 edition which saw 28,300 MOUs and […]
India’s Economic Snapshot: CPI Uptick, Financial Indicators Shift, and Industrial Production Declines
India’s Economic Overview: December Data Highlights 1. CPI Trends: – In December, India’s Consumer Price Index (YoY) rose to 5.69%, indicating a slight uptick from […]
Stock Brokerage Reports Overview: Infosys, TCS, Polycab, Macrotech, HDFC AMC, and India’s OMCs/Oil & Gas Sectors, etc.
• Infosys: 1. INCRED: Upgrades Infosys to Add from Hold, raising target price to ₹1,668 from ₹1,496. 2. Jefferies: Maintains Buy on Infosys, increases target […]
Polycab Shares Plunge 21%, Wiping Out Rs 15,500 Crore in Investor Wealth: FPIs Hit Hard Amid Income Tax Raid Fallout
• Foreign portfolio investors incurred a loss exceeding Rs 1,900 crore as Polycab shares dropped by 21% following an income tax raid. • The market […]
Brokerage Reports on Bharti Airtel, Indus Towers, GAIL, Bank of India, Zomato, QSRs, HCLTECH, Defense Sector, COFORGE, and Manappuram Fin
JEFFERIES ON TELECOM: – Bharti Airtel is favorably positioned, maintaining a “Buy” rating with a target price increase to Rs 1,300 from Rs 1,085.– Indus […]