Macquarie on ITC Recommendation: Outperform (O-P) Target Price (TP): ₹560 Key Insights: Media reports suggest a potential introduction of a 35% special tax rate for […]
Category: Stock In News
Intel CEO Pat Gelsinger Retires as Company Struggles to Compete with Rivals; Interim Co-CEOs Appointed
Intel announced on Monday that CEO Pat Gelsinger has retired, effective December 1. The company is facing challenges in catching up with competitors like TSMC […]
Super Micro Computer’s Special Committee Clears Management, Finds No Evidence of Fraud or Misconduct
Super Micro Computer, Inc. Update: Special Committee Review Findings 1. Background: Super Micro Computer formed an independent Special Committee to review concerns raised by Ernst […]
India Inc. Poised for Improved Profit Margins and Credit Metrics in H2 FY2025, Driven by Rural Demand and Government Spending
India Inc.’s operating profit margin (OPM) is expected to improve in the second half of the current financial year, driven by stronger rural demand, increased […]
Jefferies Report: India’s Central Government Set for 25% Surge in Capital Expenditure, Focused on Infrastructure and Long-Term Growth
According to a report by Jefferies, the Central government’s capital expenditure (capex) is expected to rise significantly by 25% in the second half of FY […]
Brokerages on India GDP: UBS 6.3%, Nomura 6%, MS 6.3%. RBI Cuts Likely Dec/Feb. Nuvama on Adani Ports, Nomura on Dixon Tech, MS on RBL, IndusInd Bank, Polycab, KEI, Titagarh Rail.
Brokerages on India’s Q2 GDP Growth Projections UBS Revised FY25 GDP growth projection to 6.3%. Believes achieving 6.5% growth will need strong monetary and fiscal […]
India’s 3Q GDP Slows to 5.4%, Below JP Morgan’s 6.4% Estimate; Growth Outlook Revised to 6.4%
India’s GDP growth for the July-September quarter slowed to 5.4% year-on-year, the lowest in seven quarters. This was below expectations, with J.P. Morgan predicting 6.4% […]
Brokerage Reports: CLSA on Bharti Airtel (TP Rs 1,860), HSBC on DLF, GPL, SOBHA (Buy); UBS on Paytm (TP Rs 1,000), GS on Amber Ent (Neutral, TP Rs 6,300); Citi on Colgate (Sell).
CLSA on Bharti Airtel Maintains an Outperform rating with a target price of ₹1,860. The company continues to add post-paid subscribers, driven by 5G adoption […]
Brokerage Reports: JPM on LTI Mindtree, MS on Prestige Estates, GS on M&M & Aurobindo, UBS on Siemens, Macquarie on Telecom, Morgan Stanley on Coal India & OMCs, Jefferies India Strategy
Morgan Stanley on LTI Mindtree: Rating: Overweight (OW), Target Price: Rs 7050 Analyst Day Takeaways: 1. Discretionary spending is still slow. 2. Sales momentum is […]
U.S. Finalizes $7.86 Billion Subsidy for Intel to Boost Domestic Semiconductor Production
The U.S. Commerce Department is finalizing a $7.86 billion government subsidy for Intel, down from the original $8.5 billion announced earlier this year. This reduction […]
Moody’s Affirms Ratings for Seven Adani Group Companies, Outlook Changed to Negative Amid Legal Challenges
Moody’s has affirmed the ratings of seven Adani Group companies but changed the outlook for all of them from stable to negative. These companies include […]
Adani Group Faces Global Setbacks Amid Bribery Allegations: $33B Market Hit, Scrapped Deals in Kenya, Sri Lanka, and Beyond
Gautam Adani’s global ambitions have taken a significant hit following U.S. federal prosecutors’ indictment of the billionaire, his nephew Sagar Adani, and associates in a […]