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Who will win the elections? Here are brokerages' bull, base and bear case
Who will win the Lok Sabha Elections 2024? Here's what the brokerage houses are betting on? (Source: ET NOW)
Tata Steel shares can rally up to 27%. Check target price of 5 brokerages
Brokerages hold a positive view on the metal major Tata Steel despite the firm posting a 64% year-on-year (YoY) decline in its net profit to Rs 611 crore in Q4FY24. The company’s profit was lower by Rs 1,094 crore as compared to the same quarter a year ago and also fell short of D-Street's Rs 991 crore estimates. Meanwhile, the revenue from operations in the reporting quarter too fell 7% YoY to Rs 58,687 crore. Here is how brokerages viewed the Q4 updates:
Stock Radar: This financial services stock gave multibagger returns of over 300% in 1 year; what should investors do now?
HUDCO, a financial institution, has surged over 300% in the past year, with chart patterns indicating potential for further growth. Short-term traders are advised to buy the stock for a target price of Rs 295 based on expert recommendations. The stock hit a record high of Rs 277 on May 23, 2024 and is trading well above crucial moving averages.
Election uncertainty weighs on Awfis Space Solutions' debut: Should you hold or exit?
Awfis Space Solutions, a prominent participant in India's flexible workspace sector, experienced a respectable listing on Thursday, albeit slightly below expectations. The company's shares debuted at Rs 435, marking a gain of over 13% compared to the issue price of Rs 383.
Awfis Space Solutions shares list at 14% premium over issue price
Awfis Space Solutions Share Price: Awfis Space Solutions lists at 14% premium over issue price with strong investor interest and expansion plans. Financial challenges persist despite revenue growth. Book running lead managers include ICICI Securities, Axis Capital, IIFL Securities, and Emkay Global Financial Services.
R R Kabel shares zoom 6% after posting 20% YoY jump in net profit. Should you invest?
R R Kabel's shares surged 6% on BSE to Rs 1,820.80 after reporting a 20.6% YoY increase in profit after tax to Rs 78.7 crore. The company's revenue rose 15.7% YoY to Rs 1,754 crore, with EBITDA margin at 6.6%.
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Edelweiss Financial Services shares fall 17% post RBI action on 2 companies
Shares of Edelweiss Financial Services plummeted by 17% on the BSE, hitting a day's low of Rs 64, following a directive from the Reserve Bank of India (RBI). The RBI directed the company to cease and desist from acquiring financial assets due to concerns arising from structured transactions conducted by its group entities.
Samvardhana Motherson's stock target rise up to Rs 180. Should you buy, sell or hold?
Brokerages raised target prices for auto components maker Samvardhana Motherson International to Rs 180 as it reported a two-fold jump in net profit to Rs 1,444 crore for Q4FY24. Shares traded 1% higher on BSE at Rs 148.
Paytm shares jump another 5% despite denying talks with Adani
Paytm shares rose 5% amid reports of deal talks between Paytm CEO and billionaire. Shares hit upper circuit limit despite company's denial of discussions.
LIC shares can rally up to 30%; check target prices of 5 brokerages
Brokerages are largely positive on LIC's future as they see an upside potential of up to 30% in the stock, suggesting target prices as high as Rs 1,300.
Inox Wind shares dip 18% in last 2 days. What’s wrong?
Following the sale of a 5% stake by the promoter entity, shares of the high-performing stock Inox Wind experienced an 18% decline over the last two days, reaching the day's low of Rs 134 on the BSE on Wednesday.
Suzlon Energy shares give multibagger returns of 340% in 1 year. Time to ride the next leg of rally?
Suzlon Energy Share Price: Suzlon Energy's shares surge 340% in a year, fueled by strong order inflows and debt-free status. Analysts foresee up to 43% upside potential. Fundamentals improve with debt reduction and cash reserve. Brokerages maintain 'buy' ratings, targeting Rs 54-58.
Campus Activewear shares rally 13% after Q4 results. Should you buy, sell or hold?
The company also posted a 4.6% YoY increase in revenue at Rs 363.9 crore while the EBITDA rose by 16% at Rs 66.4 crore vs Rs 57.1 crore in the fourth quarter last year.
DOMS shares rally 10% to fresh all-time high after Q4 results; brokerages increase target up to Rs 2,121
DOMS Industries witnessed a remarkable surge of 10% in its shares on Tuesday on the BSE, reaching a new all-time high of Rs 2,035. This surge followed the company's announcement of a 29.6% year-on-year (YoY) increase in its Q4 profit after tax (PAT), which amounted to Rs 46.93 crore.
European shares little changed, inflation data in focus
European stocks were subdued on Monday, with several major markets closed and investors taking a cautious stance ahead of key inflation data from the United States and Europe later this week.
Ashok Leyland shares surge 6% after posting 20% YoY increase in Q4 profit. Should you invest?
Ashok Leyland shares surged nearly 6% on BSE to a record high after reporting a 20% YoY increase in its Q4 net profit.
Suzlon Energy shares under pressure post Q4 results; brokerages raise target price to Rs 54
Suzlon Energy shares dipped 2% to Rs 45 after a 21% decline in Q4 net profit to Rs 254 crore. The consolidated net profit for 2023-24 fell to Rs 660 crore while total income rose to Rs 2,207.43 crore. Analysts from ICICI Securities and JM Financial are bullish on the stock.
Honasa shares surge 7% after reporting Rs 30 crore profit in Q4. Should you buy, sell or hold?
Honasa Consumer, the parent company of Mamaearth, saw its shares surge by 7% during Friday's trading session on the BSE, reaching a peak of Rs 447.70. This increase followed the announcement of a net profit of Rs 30.4 crore for the quarter ending March 2024, a significant improvement compared to the Rs 161.7 crore loss reported in the same quarter last year.
Vodafone Idea shares get big upgrade from UBS; stock up 5%
Global brokerage UBS upgrades Vodafone Idea to buy, setting target at Rs 18, citing potential relief on government dues and expected mobile price increase. Stock jumps over 5% to Rs 14.82.
Stock Radar: Multibagger returns in less than 1 year! This green NBFC player is poised for continued growth
IREDA has rallied by about 190% since its November 2023 listing. After reaching 215 in February, the momentum in the stock fizzled out. It continued to drift lower and found support above 120 levels in March. The stock is trading well above most of the crucial moving averages such as 5,10,30,50 and 100-DMA on the daily charts.
Jio Financial seeks shareholders approval for up to 49% foreign equity investments
Among the public shareholders, foreign investors own about 19% stake in the company and mutual funds are holding 4.74%, according to the latest shareholding data available with the exchanges.
Trent, BEL may replace LTI Mindtree, Divi’s in Nifty rejig
The possible changes would lead to an inflow of Rs 3,500 crore into Trent and Rs 3,000 crore into Bharat Electronics, the brokerage said.
Voda Idea shares up in early trade after Q4 show
Vodafone Idea Stock: Vi's net loss for the fiscal fourth quarter expanded to Rs 7,675 crore, up from Rs 6,986 crore in the previous quarter. The telecom company faces challenges from high debt and ongoing customer losses to competitors like Reliance Jio and Bharti Airtel.
This large-cap mutual fund gave 16% returns in 3 years; should you buy?
SBI Blue Chip Fund: The fund has seen a leadership transition, with its seasoned fund manager passing the reins to a new successor. The previous fund manager had an unwavering focus on quality, supplemented with a buyand-hold approach. While the new fund manager will retain the quality tilt, he intends to incorporate the momentum strategy, which could bring in some churn in the portfolio.
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 39%
Yesterday, all thanks to news reports that change in tax laws might be getting tweaked, once again bears were spotted on the street. Though by evening, all those reports were denied by the government. The fact is that because valuations are high the extent to damage was higher. There is a probability of a selective correction taking place, which is essentially led by the profit booking. At this time if one is looking to increase exposure, it would be better that they should look for stocks where there are some improvements in the business operating matrix that tend to weather the storm better. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
Shares of Jio Financial jumps 3% post Q4 results
Jio Financial Share Price: The reaction to the Q4 earnings can be seen today when the stock rose and hovered near its 52-week high of Rs 384.
Technical Breakout Stocks: How to trade Justdial, Jio Financial Services and Bharti Airtel on Friday
Indian market closes red for the fourth consecutive day, with S&P BSE Sensex falling over 450 points and Nifty50 below the 22,000 mark. Telecom stocks rise, while consumer durables and energy witness a decline.
Jio Financial, ICICI Lombard among 6 largecap stocks that hit fresh 52-week highs on Thursday
Indian shares rose in early trade on Thursday but later declined as heavy volatility gripped D-Street. In Thursday's trading session, six largecap stocks from the Nifty200 index reached new 52-week highs. Here's the list:
Jio Financial shares surge 5% after NBFC signs agreement with BlackRock
Jio Financial Services' shares surged 5% to Rs 371.75 after partnering with BlackRock, Inc. for wealth management and broking. The joint venture aims to revolutionize India's asset management. The Reliance Industries division, listed separately since August 2023, saw a 6.3% monthly and 47.28% quarterly return.
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