Shares of Coforge, which was earlier known as NIIT Technologies, fell nearly 10% on Friday to the day’s low of Rs 4,505 on BSE after the IT company reported weak Q4 results in which both revenue and margin missed estimates. Jefferies not only downgraded the stock to underperform but also slashed its target price by …
Brokerage firm Kotak Institutional Equities upgraded Dr. Lal PathLabs, Investec maintained a buy rating on Godrej Consumer, CLSA maintained an outperform rating on HDFC Bank and Jefferies upgraded InterGlobe Aviation to hold. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Kotak Institutional Equities on Dr Lal PathLabs: …
Brokerage firm CLSA maintained an outperform rating on Maruti Suzuki and downgraded HDFC Bank to outperform. Morgan Stanley maintained an overweight rating on Zomato and upgraded Voltas to Equal Weight. Bernstein downgraded SBI. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: CLSA on Maruti Suzuki: Outperform| Target …
There are a host of corporate actions scheduled for this week. Natco Pharma, Suprajit Engineering, NMDC, and Jupiter Wagons will trade ex-dividend, while The South Indian Bank’s rights issue’s ex-date is fixed this week. On Monday, 26th February, Fineotex Chemical (Rs 1.2/share), Gateway Distriparks (Rs 0.75/share), Natco Pharma (Rs 1.25/share), Suprajit Engineering (Rs 1.1/share), and …
The Nifty Bank closed in the green for the third consecutive day in a row on Tuesday supported by strong global cues. The index rose nearly 600 points to close at 47,012. It hit a fresh record high of 47,230 on Tuesday. The Nifty50 index climbed 20,800 levels to hit a fresh record high. Top …
Nifty on Thursday ended around 36 points to form a small green candle with a long lower shadow on the daily charts while trying to cross the immediate resistance at 20,115 levels on the monthly expiry day. The short-term trend of Nifty continues to be positive. Having moved above the crucial hurdles recently, the market …
Amid a flurry of activity in the primary market, Sebi chief Madhabi Puri Buch said the regulator will address the issue of exorbitant valuation of initial public offerings Addressing the media after a board meeting that finalised key decisions, Buch said in the wake of the high pricing of IPOs, retail investors will be better …
Comparing gold against key benchmark indices, gold prices from Diwali last year till date have risen from ₹50,580 per 10 gm to ₹59,654 per 10 gm levels on Multi Commodity Exchange (MCX), logging to the tune of 18 per cent. Since Diwali 2022, silver price has ascended from ₹57,748 per kg to ₹70,025 per kg …
The Indian market closed in the green for the second consecutive day in a row on Friday tracking positive global cues. The S&P BSE Sensex rose more than 300 points while the Nifty50 closed above 19,600 levels. Sectorally, buying was seen in realty, consumer durables, infra, and IT stocks while selling was seen in telecom …