Vodafone Idea shares can crash up to 83% to just Rs 2.5, argues Goldman Sachs
VI Share Price: In one of the most bearish reports on the debt-ridden telecom company Vodafone Idea, global brokerage firm Goldman Sachs has set a target price of just Rs 2.5, indicating a potential downside of up to 83%. Goldman Sachs argues that while Vodafone Idea’s recent capital raise is incrementally positive, it is unlikely […]
Nifty Bank underperforms Nifty50, most sectoral peers. Should you still bet on financials?
Nifty Bank has underperformed Nifty50 and other sectoral peers over the past year, with private banks lagging due to valuation concerns. Despite some strong loan growth and solid capital adequacy ratios, rising deposit costs and moderation in net interest margins pose challenges. Experts remain cautious about the sector’s near-term outlook.
Matrimony.com approves Rs 72 crore share buyback, stock up 3%
Matrimony Share Buyback: Matrimony.com’s board approved a Rs 72 crore share buyback at Rs 1,025 per share, a 27.5% premium. The stock rose 3% to Rs 829.55 on the news.
Sandip Sabharwal on two stocks to bet on if market corrects 5-10%
We did pick up post results somewhat and would look to add if it corrects more. Then, during the budget time, I had said that a company which we own and which has also done reasonably well, SH Kelkar, which is on the flavours and fragrances side, so they have got a big order, the […]
Is it time to increase cash holdings in anticipation of market correction? Sandip Sabharwal answers
So, September, October, in any case, tend to be months where after big up moves, some corrections tend to happen globally also historically. So, I think these two months we have to look out for.
Ridiculed for dilapidated office, Boss Packaging lists at 25% premium
Boss Packaging Solutions, criticized for its shabby office, saw its shares debut at a 25% premium on the NSE SME platform. The IPO aimed to raise Rs 8 crore but received bids over Rs 1,000 crore. The company plans to use the proceeds for machinery purchase and working capital.
Indigo Paints shares drop 6% after Rs 180-crore stake sale via block deal
Shares of Indigo Paints fell by 5.7% to a low of Rs 1,452.10 on the BSE during early trading today. This decline followed a block deal estimated at Rs 179.2 crore, representing 2.5% of the company’s equity, at a price of Rs 1,493 per share. Reportedly, 1.2 crore shares were traded in the transaction, with […]
Vodafone Idea shares plunge 14% after Goldman slashes target price to Rs 2.5
Vodafone Idea’s share price fell by 14% on Friday, hitting a low of Rs 12.91 from the previous day’s close of Rs 15.09. This drop followed a target price of Rs 2.5 set by global brokerage firm Goldman Sachs, which also indicated a potential downside of up to 83%. Additionally, based on the recent capital […]
Rekha Jhunjhunwala-backed Baazar Style Retail shares list flat on bourses
Baazar Style Retail, backed by Rekha Jhunjhunwala, debuted on the BSE at Rs 389. The IPO received a strong response with nearly 41 times subscription. The company plans to use the proceeds for debt clearance and corporate purposes. Baazar Style is a leading value fashion retailer in Eastern India with significant market share in West […]
ETMarkets Smart Talk: India’s economy to grow between 6.5% and 7% over next five years, says UBS Economist Tanvee Gupta Jain
We looked at the capital expenditure by both the central and state governments, which was partly affected by the parliamentary election. However, on a seasonally adjusted sequential basis, the momentum was still positive.