Hot Stocks: Brokerages on RIL, Entero Healthcare, Natco Pharma and Persistent Systems
Brokerage Nomura upheld a neutral rating on Persistent Systems, while Investec continues to advocate a buy stance on Natco Pharma and has initiated a buy recommendation on Entero Healthcare. Conversely, CLSA has downgraded RIL to an outperform rating.
Big movers on D-Street: What should investors do with TVS Motor, Berger Paint and Tata Communications?
Stocks that were in focus included names like TVS Motor, which rose 2.22%, Berger Paint, which increased 0.7%, and Tata Communication, whose shares declined 1.55% on Monday.
Asian shares extend gains ahead of tech earnings, yen fragile
MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.5%, helped by a 1% jump in Taiwanese shares and a 0.8% advance in Hong Kong’s Hang Seng index.
Niche focus, robust orders make JNK India a better long-term bet
The company’s order book has grown six-fold in the past three fiscal years. The company’s order bid size has consistently expanded, which has helped in winning large orders.
Dial Vi for victory: Cash-strapped telco pulls off biggest FPO
The allotment for qualified institutional buyers (QIBs) was subscribed 19.3 times, of which 82% bids came from foreign institutional investors (FIIs). The non-institutional investor (NII) portion got bids for 4.5 times the shares set aside for them. The retail segment was fully subscribed. The offer had opened on April 18. The FPO is part of […]
Hot Stocks: 3 stocks that may give returns between 18- 59%
Here’s a look at some of the latest stock recommendations by analysts. These stocks are expected to return between 18% and 59% as per analysts’ price targets.
Apple named a top pick for 2024 at BofA ahead of key earnings
The company has a “rich catalyst path with defensive cash flows,” wrote analyst Wamsi Mohan, who has a buy rating and $225 price target on the stock.
GSPL skids 19% after regulator halves HP Transmission tariff
PNGRB reduced the tariffs to ₹18.1/mmbtu (million British Thermal Unit), from the earlier price of ₹34/mmbtu. GSPL had asked a revision of price to ₹50.8/mmbtu to the board, which was not approved.
Europe emerges as hotspot for Indian IT M&As, tops buy chart
Indian IT giants are on a European shopping spree, snapping up companies at a rapid clip. Europe’s booming tech sector, outpacing North America, has fueled over a dozen acquisitions since the pandemic.
Surging interest in India papers gives a boost to Re-Eurobond issuances
According to data provided by UAE-based Cbonds, the total aggregate issuance of rupee eurobonds was at $2.54 billion in the first four months 2024, higher than $2 billion for the whole of 2023. Eurobonds are securities denominated in currencies that are different from the national currencies of the countries in which issuance takes place.