Nomura maintains a buy rating on Macrotech Developers with a target price of Rs 1,600, citing strong Q2 performance and anticipated 20% YoY pre-sales growth. For BPCL, Nomura raises the target to Rs 380 despite lower results. Nuvama and Jefferies also maintain buy ratings on Federal Bank (target Rs 235) and Sun Pharma (target Rs 2,150), respectively, highlighting strong performance and growth potential.
Posts in category Economic Times
ETMarkets Smart Talk | FMCG and IT sectors look promising for next Diwali, PSU valuations stretched: Harjeet Singh Arora (29-10-2024)
Certainly, the investors are relating to the possibility as the IPO has been subscribed only 0.5 times in the retail category which is far less participation as compared with recent IPOs where the subscription was even more then 10-20x of the issue.
Where to invest in Samvat 2081? Motilal Oswal’s Siddhartha Khemka shares his playbook (29-10-2024)
Corporate earnings, after four consecutive years of healthy double-digit growth, are moderating due to pressures from commodities and fading tailwinds from BFSI asset quality improvements.
Federal Bank shares soar 7% post Q2 results. Should you buy, sell, or hold? (29-10-2024)
Federal Bank Share Price: Shares of Federal Bank surged 7% to an intraday high of Rs 197.75 on BSE after the bank posted an 11% increase in net profit to Rs 1,057 crore in the September quarter. The lender had earned a net profit of Rs 954 crore in the year-ago period. Total income rose to Rs 7,541 crore, compared to Rs 6,186 crore in the same quarter last year, while interest income reached Rs 6,577 crore, up from Rs 5,455 crore.
Diwali sale or trap? 12 stocks crash at least 40% after giving multibagger returns (29-10-2024)
12 stocks, including Cochin Shipyard and Waaree Renewable Technologies, have fallen by at least 40% from their 52-week highs after significant gains last year. Most of these stocks, comprising PSUs and other prominent companies, are experiencing corrections due to profit booking and expensive valuations amidst market volatility and earnings slowdown.
Danish Power shares to debut on NSE SME platform today. GMP hints at robust gains (29-10-2024)
Danish Power is set to debut on the NSE SME platform on Tuesday, with shares currently trading at a gray market premium (GMP) of Rs 246. Given the upper price band of Rs 380, the stock is expected to list at a 64% premium over the issue price.
Buy Godrej Consumer Products, target price Rs 1,550: Motilal Oswal Financial Services (29-10-2024)
Motilal Oswal Financial Services recommends buying Godrej Consumer Products with a target price of Rs 1,550. The current market price is Rs 1280.8. Despite margin pressure and slow urban demand, the company’s robust growth strategy and focus on product innovation suggest strong future performance. Promoters hold 63 percent, while FIIs and DIIs own 22.03 percent and 9.59 percent, respectively.
4 stocks showed RSI Trending Up on October 28 (29-10-2024)
An uptrend signal occurs when the RSI value crosses above 50 from below
United Heat Transfer shares to list today. Here’s what to expect (29-10-2024)
Danish Power is set to debut on the NSE SME platform on Tuesday, with shares currently trading at a gray market premium (GMP) of Rs 17. With an upper price band of Rs 380, the stock is projected to list at a 29% premium over the issue price.
Tata Power shares in focus a co acquires 40% stake in Khorlochhu Hydro Power for Rs 830 crore (29-10-2024)
Tata Power Share Price: Tata Power has acquired a 40% stake in Bhutan-based Khorlochhu Hydro Power Limited for Rs 830 crore. The acquisition includes the development of the 600 MW Khorlochhu Hydropower Project, costing approximately Rs 6,900 crore. This move aims to accelerate Tata Power’s transition to clean energy. The company’s shares rose marginally to Rs 425, up 78% over the past year.