Vedant Fashions faces rating cuts after Q1 nos on punchy valuations
Punchy valuations drive our downgrade to sell, said Kotak Institutional Equities, which has a target of Rs 1,075 for the stock from Rs 1,000 earlier. This is even as the brokerage has raised its FY2023-25E EPS estimates by 5-10 per cent on account of strong momentum in wedding demand and higher margin forecasts.Edelweiss has downgraded […]
Tech View: Nifty ends flat but uptrend stays intact
“Despite overbought readings on the daily as well as some weekly oscillators, the price chart is not displaying meaningful weakness which may not materialise unless the index slips below 17,359 level. If the index sustains above 17,442, eventually the index can head towards 17,800 level. Short-side traders are advised to remain neutral whereas longside players […]
How Titan Company’s expansion plans may impact its margins
Titan Company Limited, an Indian listed entity, is primarily engaged in the manufacturing and selling of jewellery and has also penetrated into segments such as watches, eyewear, sarees, Indian wear and accessories & products. As of the end of Q1 FY23, it had 2,303 stores with a total retail area of more than 2.9 million […]
TCS looks to double its revenue. Here’s how the IT giant is placed
The 2022 Annual Report of TCS has a message from the CEO’s desk that the software major’s revenues will soon double, though there is no time frame for attaining the target. Let us realistically look at industry growth data to understand a possible timeline.
Chart Check: Down 37% from August 2021 highs! This PSU stock is showing signs of turnaround as bulls take charge
The stock has been making a series of high low and higher bottoms so far in 2022. It hit a low of Rs 99 on July 15, 2022, before bouncing back. The upmove in the stock is also accompanied by strong volumes which is a bullish sign.
Global brokerage view on Indian Hotels, Bharti Airtel, Adani Ports and Delhivery
The company reported a strong all-around rebound. IHCL reported a strong performance for Q1FY23 EBITDA margin at 29.8 per cent, which was the second highest in the past decade,” said the brokerage.
Six stocks analysts recommend to buy for solid near-term gains
As the earnings season for June 2022 quarter is nearing to its end, select sectors in India appear to be attractive. Brokerages believe that gas stocks are ready to deliver solid returns, whereas others were bullish on constructions, specialty chemicals and others. Based on their recommendations, here are six money-making ideas for investors.
Coal India, Eicher Motors & Hindalco to report Q1 results. What polls suggest
Ebitda, as per the poll, is seen at Rs 768 crore compared with Rs 363 crore, up 112 per cent YoY. Ebitda margin is seen rising to 23.1 per cent from 18.4 per cent YoY. All eyes would be on raw material cost inflation, the company’s plans to expand in new geographies and the outlook […]
Big Movers on D-St: What should investors do with Adani Ports, Lemon Tree and Aegis Logistics?
Stocks that were in focus on Monday include Adani Ports which fell more than a per cent post June quarter results, Lemon Tree rose more than 5 per cent, and Aegis Logistics closed with gains of nearly 9 per cent.
Asian shares track Wall Street losses ahead of U.S. inflation data
The slips in Asian markets tracked Wall Street, which closed on Tuesday with all three major indices down. The S&P 500 fell 0.42%, the Dow Jones Industrial Average dropped 0.18%, and the Nasdaq Composite lost 1.19%. The dollar reversed losses overnight and was trading flat in Asia. The dollar index, which measures the safe-haven greenback […]