Nomura initiates coverage on 2 PSU defence stocks with upside potential of up to 30%
Nomura initiates coverage on HAL and BEL with ‘buy’ ratings, setting target prices at Rs 4,750 and Rs 300 respectively. HAL favored for aircraft expertise, while BEL for order visibility and margin potential.
RBI’s proposed project financing regulations not to impact REC profitability at all: CMD
Vivek Kumar Dewangan, CMD of REC, navigates through the intricate financial landscape, emphasizing strategic planning, regulatory compliance, and sustainable growth to propel REC towards a robust future in the evolving energy financing sector. Dewangan says: “In case, our capital gets reduced though the impact is not going to be much actually because we have a […]
Lot of consolidation happening in cement industry at a faster pace: HM Bangur, Shree Cement
In organic expansion the biggest thing is you do not buy whatever is left out. You create something. Number one, it is good for the local area because something new is coming up and somebody has to put the new unit. In European countries this is the way because their capacity need is over, it […]
L&T shares fall 6% as brokerages cut target prices after Q4 results. Should you buy or sell?
L&T Share Price: Brokerage firm CLSA reduced its target price to Rs 4,151 but maintained a buy call on the Nifty stock, Motilal Oswal reduced it to Rs 4,000 while Kotak Institutional Equities gave a sell call with a target price of Rs 3,000.
TVS Motors shares rise 6% after Q4 results. Should you buy, sell or hold?
Shares of TVS Motor Company surged nearly 6% on Thursday on BSE to the day’s high of Rs 2,121.30 as the company reported an 18% year-on-year (YoY) increase in standalone net profit to Rs 485.43 crore for the fourth quarter ended March 31, 2024.
100% sure new RBI guideline on gold financing is not going to impact our volumes: Muthoot Finance
George Alexander Muthoot affirms Muthoot Finance’s readiness for the RBI’s directive, ensuring seamless transitions to bank transfers for loans exceeding Rs 20,000. Compliance remains a key focus in the NBFC sector, with vigilance against non-compliant lenders. Muthoot says: Nobody is going anywhere because the customer will not get cash elsewhere. All NBFCs are the same […]
Bajaj Consumer Care shares plunge over 8% after Q4 results and buyback announcement
Bajaj Consumer Care’s shares plunged 8% on BSE as Q4 FY24 net profit declined 12% YoY. However, FY24 PAT increased by 11%. The company also approved a buyback proposal, offering a 11% premium over the closing price on NSE.
Muthoot Finance and Manappuram Finance shares tank up to 9% after RBI advisory
Muthoot Finance and Manappuram Finance shares dropped 8-9% on BSE following an RBI advisory on cash disbursal of loans. The RBI instructed NBFCs to comply with the Income Tax Act, limiting cash disbursement to Rs 20,000.
ICICI Bank, Federal Bank among 8 banking stocks that earned upgrades in last 1 month. Check revised target prices
As per Trendlyne data, these stocks saw up to 9 analysts’ target price upgrades and can rally up to 30%
Hero MotoCorp shares surge 6% after Q4 results. Should you buy, sell or hold?
Hero MotoCorp shares surged 6% after Q4 results, with net profit up 18% to Rs 1,016.05 crore. Brokerages remained positive: Jefferies expects double-digit industry revenue growth, maintains ‘buy’; BofA sees potential in Hero 2.0 strategy, sets target price of Rs 5,400; Kotak retains ‘sell’ rating.