Motilal Oswal Financial Services recommends buying L&T Technology Services at a target price of Rs 6400. The current market price is Rs 5235.4. The firm expects a USD revenue CAGR of 10.7% over FY24-FY27, despite a slight reduction in EPS estimates. The company reported positive financial performance in the latest quarter.
Posts in category Economic Times
Axis Bank shares jump 4% after Q2 results. Should you buy, sell or hold? (18-10-2024)
Axis Bank shares gained attention after reporting an 18% rise in Q2 standalone net profit to Rs 6,918 crore. NII grew 9% YoY to Rs 13,483 crore, with a Net Interest Margin of 3.99%. Analysts maintain positive ratings, though concerns linger regarding asset quality and loan growth, with target prices ranging from Rs 1,250 to Rs 1,400.
Fry-day! Infosys, HDFC Bank drag Sensex over 550 pts lower, Nifty slides below 24,600 (18-10-2024)
Indian benchmark indices Sensex and Nifty50 opened lower for the fourth session, driven by losses in auto, banking, and IT stocks. Foreign fund outflows and underwhelming earnings, particularly from Infosys and Wipro, further impacted the market.
LTIM shares fall 5% despite reporting 8% YoY growth in Q2 PAT (18-10-2024)
Shares of LTIMindtree dropped by 5% despite an 8% YoY growth in net profit to Rs 1,251 crore and revenue climbing 6% in Q2 2024. The company noted broad-based sequential growth and new deal closures. However, brokerage Investec maintained its ‘Sell’ rating, citing concerns over weaker revenue growth in the second half of the year.
Stocks to buy or sell today: Tech Mahindra, BHEL among top 10 trading ideas for 18 October 2024 (18-10-2024)
Indian market appears poised for a lower opening on Friday amid global uncertainties, with options data indicating a trading range between 24,300 to 25,300. Nifty’s bearish trend suggests further downside unless it surpasses 24,850 zones. Experts provide specific stock tips for short-term trading.
Manappuram Finance shares hit 15% lower circuit after RBI restrictions, multiple downgrades (18-10-2024)
Manappuram Finance Share Price: Shares of Manappuram Finance plummeted 15% after the RBI imposed restrictions on four NBFCs, including Asirvad Micro Finance. This led to multiple downgrades and target price cuts from brokerages like Morgan Stanley, BofA, and Jefferies, citing potential profit hits and funding cost increases.
F&O Radar| Deploy Bear Put Spread in Nifty for potential gains from call writers’ market (18-10-2024)
The market saw significant selling, with over 80% of NSE500 stocks closing in the red. The Nifty50 index dropped by around 0.90%, ending just above the critical swing low of 24,694. Traders expect further declines if Nifty breaks below this level. The IT sector was the only exception in the widespread selling.
ETMarkets Smart Talk | Physical vs. Digital Gold: Rajesh Cheruvu’s advice for HNIs this Dhanteras (18-10-2024)
As we look towards the next Diwali, the outlook for Indian markets remains largely positive, despite recent volatility sparked by geopolitical tensions. Sensex and Nifty have hit fresh highs this year, supported by robust domestic institutional investments and rising retail participation.
Hot stocks: Brokerage view on Axis Bank, Manappuram Finance, Havells India and Wipro (18-10-2024)
Top brokerage firms have varied recommendations: Nomura recommends buying Axis Bank with a target of Rs 1,380; Morgan Stanley downgrades Manappuram Finance to equal-weight with a new target of Rs 170; Jefferies holds on Havells, cutting the target to Rs 1,870; and Macquarie rates Wipro as outperform with a target of Rs 670.