Bharti Airtel receives a buy call from Axis Securities, with a target price of Rs 1880. The brokerage firm cites the telecom giant’s strong margins, subscriber growth, and 4G conversion rate as key drivers. However, potential market share erosion due to competition is highlighted as a risk. Bharti Airtel recently reported a consolidated total income of Rs 41728.
Posts in category Economic Times
TCS shares in focus after signing deal with Air France-KLM to accelerate data-driven aviation (08-11-2024)
TCS Share Price: Tata Consultancy Services (TCS) has secured a multi-year contract with Air France-KLM. TCS will help transition the airline’s data infrastructure to the cloud over the next three years. This move aims to establish Air France-KLM as a leader in data-driven aviation, enhancing operational efficiency and customer experience.
Gold Price Today: Yellow metal prices fall by Rs 1,000/10 gm in November so far, silver down by Rs 2,500/kg (08-11-2024)
Gold and silver prices saw a slight dip in Friday’s early trading on MCX. This follows a month of decline for both metals, despite a recent recovery spurred by interest rate cuts from the US Fed and Bank of England. Analysts predict continued volatility, influenced by upcoming US economic data.
Cochin Shipyard shares drop 5% on muted Q2 earnings (08-11-2024)
Cochin Shipyard’s Q2 profits rose 4% YoY to Rs 189 crore, driven by a 13% revenue increase. Despite a dip in EBITDA margin, the company announced a Rs 4 interim dividend and plans to raise $50 million via overseas bonds for sustainable projects.
RVNL shares in focus after Q2 profit falls 27% YoY (08-11-2024)
Rail Vikas Nigam Ltd (RVNL) reported a 27% YoY drop in Q2FY25 net profit to Rs 286.9 crore, impacted by lower margins and reduced earnings. Revenue declined 1.2% YoY to Rs 4,855 crore. However, sequentially, profit rose 28.1%, and revenue increased 19.2%. RVNL’s shares surged 162% in 2024, currently trading at a P/E ratio of 77.8.
Buy ABB India, target price Rs 8,500: Motilal Oswal Financial Services (08-11-2024)
Motilal Oswal maintains a buy call for ABB India, setting a target price of Rs 8,500. The brokerage projects strong revenue growth and robust profit margins for the company in the coming years. This translates to a projected compounded annual growth rate of 27% in profit after tax from 2023 to 2026.
M&M shares in focus after Q2 PAT beats estimates. Should you buy, sell, or hold? (08-11-2024)
Mahindra & Mahindra (M&M) reported a 13% YoY growth in standalone net profit for Q2FY25, reaching Rs 3,841 crore, surpassing street estimates of Rs 3,581 crore. Revenue grew 12% YoY to Rs 28,919 crore, while EBITDA stood at Rs 5,270 crore with 18.2% margins. The auto segment achieved record quarterly volumes, including 1.36 lakh units of UV sales.
Oil prices fall as Hurricane Rafael expected to start weakening (08-11-2024)
Brent crude oil futures fell 26 cents, or 0.3 Percent , to $75.37 per barrel by 0209 GMT. U.S. West Texas Intermediate (WTI) crude gained 35 cents or 0.5 Percent to $72.01. The benchmarks fell after rising nearly 1 Percent on Thursday.
Hot stocks: Brokerage view on Indian Hotels, Cummins, Trent and TCS (08-11-2024)
Investec has maintained a hold rating on Indian Hotels, raising the target price to Rs 742 from Rs 630. The company’s strong performance was driven by healthy ARR growth. With expanding horizons and structural tailwinds, Investec expects margins to remain at 32%/32.5% for FY26/27, with PAT growing at a CAGR of 24% over FY24-27.
ETMarkets PMS Talk | Arihant Vardia on Global Equity Exposure: Why Indian HNIs should hold at least 10% in USD (08-11-2024)
Since launch the BSE 500 has delivered a good 31% compounded returns. We have given double that of the market with a staggering 62% compounded since launch.