Nomura, Morgan Stanley On India Strategy, Jefferies, CLSA, Goldman Sachs on Britannia, Jubilant FoodWorks, Shree Cement, Asian Paints, Hindalco, ICICI Bank: Mixed Ratings, Targets Reflect Demand & Margin Trends

Britannia Industries Nomura has issued a Neutral call on Britannia, with a target price of Rs 5,800 per share. The company posted another quarter of […]

Brokerage Reports on ICICI Bank, IDFC First Bank, Interglobe Aviation, Coal India, MGL, and BEL

ICICI Bank CLSA: Maintains an “Outperform” rating with a target price of Rs 1600. ICICI Bank had another solid quarter, showing balanced growth in assets […]

HDFC Bank in Talks to Sell Rs 8,400 Crore in Loans to Global Banks to Align Credit and Deposits

HDFC Bank Ltd., India’s largest private sector lender, is in discussions to sell up to Rs 8,400 crore ($1 billion) in loans to several global […]

Nifty 50 Hits 25,000: Ten Key Stocks Drive 25% Surge, with Bharti Airtel and Reliance Leading the Way

India’s Nifty 50 index reached 25,000 for the first time in 220 sessions since hitting 20,000 on September 11, 2023. The benchmark index surged nearly […]

RBI Grants HDFC Bank Group Approval to Acquire Up to 9.5% Stakes in Yes Bank, IndusInd Bank, Axis Bank and Three Other Banks

The Reserve Bank of India has given approval to HDFC Bank Group to acquire stakes up to 9.50 percent in IndusInd Bank, Yes Bank, Axis […]

Brokerage Reports: Zee Entertainment Ratings Downgraded, ICICI Bank Maintains Positive Outlook, and Citi’s Market and Budget Projections

• Zee Entertainment (CITI Research): – Target: 180 (previously 340) – Recommendation: Sell – Valuation multiple expected to decrease. – Non-operational concerns and increased competition […]

ICICI Bank’s Q3 Success: Achieving a Record Profit of 10,271 Crores, Surpassing Expectations on the Street

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 […]