Tech Mahindra shares plunge 6% on Q3 earnings. Here’s what brokerages recommend
Shares of Tech Mahindra fell more than 6% following disappointing Q3 results. Kotak Institutional Equities and Nuvama retained their ‘Reduce’ ratings. Kotak highlighted the long turnaround journey for Tech Mahindra despite healthy revenue growth, citing macro challenges and weak telecom outlook. Nuvama called Q3 earnings a mixed bag with an uncertain outlook, noting lower EBIT […]
F&O Stock Strategy: How to trade Indus Towers, Zydus Lifesciences today
Recent trading sessions have experienced significant volatility in the Indian markets, driven by concerns related to the budget and geopolitical developments in the Red Sea region.
SBI Life Q3 results today: What to expect, key things for investors to watch out
Key monitorables for investors in the reporting December quarter include the commentary on growth, outlook on VNB margins, and possible talk on the changes in product mix.
Q3 Results Today: SBI Life, JSW Steel, Vedanta, Adani Power among 84 companies to announce earnings
On the last trading day of this week, 84 companies listed on the BSE will announce their December quarter earnings. Among the Nifty companies, SBI Life Insurance Company and JSW Steel will report their Q3 earnings. Street will also keeping a close track on the earnings of ACC, Adani Power, AU Small Finance Bank, Cyient, […]
Bajaj Auto shares rally 4%, hit 52-week high on robust Q3 results
Bajaj Auto shares reached a 52-week high of Rs 7,499 despite scepticism from Kotak Institutional Equities and Nuvama. Kotak maintained a ‘Sell’ rating, citing a high valuation, while Nuvama reiterated a ‘Hold’ stance. JM Financial remained positive, citing a favorable product mix and strong domestic demand. Bajaj Auto reported a 37% YoY growth in net […]
Hot Stocks: Brokerages view on Indus Towers, DLF, Tata Steel, IOC and TVS Motor
Brokerage firm Goldman Sachs maintained a neutral rating on TVS Motor, Jefferies maintained a hold on IOC, Morgan Stanley recommended an Equal Weight rating on IOC, Jefferies has a buy rating on DLF and ICICI Securities downgraded Indus Towers.
F&O stocks to buy today: Infosys, Power Grid among top trading ideas
The Nifty Future closed positive with gains of 1.39% at 21488 levels on Wednesday. India VIX was down by 3.21% from 14.85 to 14.38 levels. Volatility spiked to 15.6 zones but later cooled off which made the bulls at ease at crucial support zones.
Big movers on D-Street: What should investors do with SBI Life, Karnataka Bank and Tata Elxsi?
Equity indices rebounded 1% on Wednesday, with the 30-share BSE Sensex surging 689 points to settle at 71,060 and the broader Nifty closing 215 points at 21,453. Stocks that were in focus included SBI Life, which rose 2.68%, Karnataka Bank, which fell 7.8%, and Tata Elxsi, whose shares declined 5.01%.
S&P 500 ekes out another record high as Netflix and chipmakers leap
Riding optimism about Wall Street’s most valuable companies, Microsoft hit an all-time high, lifting its market value above $3 trillion for the first time.
China stimulus lifts local metal shares
Hindalco Industries, Tata Steel, JSW Steel, Jindal Steel and Power, Steel Authority of India, National Aluminium Co, NMDC Steel, Hindustan Copper, NMDC, and Vedanta ended 2-7% higher. The benchmark Nifty 50 closed 1% higher.