Mumbai: The dynamics of stock leadership on Dalal Street has undergone a change of late with stalwarts of the recent past taking a backseat and giving way to new stars. Gone are the days when bluechip consumer, private financials and information technology (IT) dominated the performance of the Nifty for nearly a decade. Now, the …
Mumbai: Analysts at most top brokerages trimmed or retained share price targets on Bajaj Finance after the non-bank lender’s third-quarter results missed estimates. The stock fell 5.10% on Tuesday to close at ₹6,825, emerging as the top Nifty loser on Tuesday. The average analyst price target on Bajaj Finance available on Bloomberg after the third …
MUMBAI – Bajaj Finance is expected to report a strong double-digit growth in earnings for the quarter ended December, led by healthy loan growth, higher margins, and moderate costs. The non-bank finance major is seen reporting a 26.3% year-on-year (YoY) growth in net profit for the quarter to Rs 3,756 crore, the average of estimates …
Abhay Agarwal, Founder & Fund Manager, Piper Serica, says “outsourced manufacturing as a concept is here to stay and it will reward large players. While there is nothing wrong with branded players like Voltas or Blue Star, we would like to back very efficient, large and getting larger manufacturers like Dixon and Amber purely for …
Mumbai: This was not how Saurabh Mukherjea envisaged his portfolio management service (PMS) would end up after five years: investors demanding an explanation about performance and ₹40 crore being pulled out of the PMS every day. Yet, on the fifth anniversary of his PMS, Mukherjea should be a worried man. But, is he? Through his …
Brokerage firm Morgan Stanley has an equal-weight rating on Jubilant FoodWorks while Elara Securities recommends an Accumulate rating on ONGC. Also, Axis Securities retained its buy rating on KNR Construction and Bajaj Finance. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Morgan Stanley on Jubilant FoodWorks: Equal-Weight| …
Brokerage firm CLSA maintained a buy rating on Bajaj Finance while Morgan Stanley recommended a buy on Can Fin Homes. Also, CLSA recommended a buy on Tata Motors and Jefferies has a buy rating on Kotak Mahindra Bank. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: CLSA …
MUMBAI – Aditya Birla Capital on Tuesday said the company has invested Rs 750 crore in its wholly-owned subsidiary Aditya Birla Finance by subscribing to the share on a rights basis. “ABCL is making the investment in ABFL to meet its growth and funding requirements and improve its leverage ratio,” Aditya Birla Capital said in …
The board of directors of Bajaj Finance Ltd will meet on October 5 to consider and approve fundraising through equity instruments. Among the various options, the board will consider preferential issue of shares or qualified institutional placement issue, it said in a regulatory filing. However, the company did not mention the amount it plans to …
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