Groww shares rebound 4% after Thursday’s slump. Why are Jefferies, Motilal bullish on the stock?
Groww shares rebounded on Friday after a sharp decline in the previous session as brokerages remained upbeat following strong Q1FY27 earnings. Jefferies, JM Financial and Motilal Oswal reiterated Buy ratings, citing robust profit growth, improving operating leverage, market share gains and diversified revenue streams, with targets of Rs 250.
NSE stock draws rare ‘Sell’ call ahead of long-awaited IPO debut
Dolat Capital has initiated coverage on NSE with a ‘sell’ rating and a Rs 1,550 target, implying 26% downside from its unlisted-market price. The brokerage expects tighter derivatives regulations, falling options volumes and market-share losses to curb growth, making NSE’s rich valuation difficult to justify ahead of its planned $3 billion IPO.
WeWork India Management shares slide 5%; Q1 loss narrows, revenue jumps 27% YoY
WeWork India reported a narrowed net loss of Rs 4.31 crore for Q1FY27. Revenue from operations increased 27.74% year-on-year to Rs 683.83 crore. The company expanded its operational portfolio by 18.5% to 79 centres. Free cash flow from operations grew significantly by 176.1% year-on-year. Despite a stock dip, medium-term returns have been strong.
CEAT shares crash 9% after Q1 net profit tumbles 96% YoY to Rs 4 crore. What lies ahead?
CEAT shares dropped over 9% on Friday after reporting a significant profit decrease. The tyre maker’s net profit fell 96% year-on-year to Rs 4 crore. Higher raw material costs due to the West Asia crisis impacted profitability during the quarter. Revenue from operations grew 22% year-on-year to Rs 4,318 crore. The company announced a Rs […]
Tech Mahindra shares jump 3% after Q1 earnings beat estimates. What Nomura, Nuvama, other brokerages now expect
Tech Mahindra shares surged after the IT major reported better-than-expected Q1 FY27 results, with net profit rising 28% YoY to Rs 1,465 crore and revenue climbing 18% to Rs 15,712 crore, supported by broad-based growth, strong deal wins, and margin expansion.
Gold set for biggest weekly fall in six as Iran war fans inflation worries
Gold prices saw a rebound on Friday, yet are set for a significant weekly loss. Renewed clashes between the United States and Iran have lifted oil prices considerably. This escalation has stoked inflation concerns and strengthened expectations for higher interest rates. Fed officials are signaling openness to rate hikes amid persistent inflation. Economic data shows […]
Negative Breakout: These 8 stocks cross below their 200 DMAs
In the Nifty500 pack, eight stocks’ close prices crossed below their 200 DMA (Daily Moving Averages) on July 16, according to stockedge.com’s technical scan data. Trading below the 200 DMA is considered a negative signal because it indicates that the stock’s price is below its long-term trend line. Traders use the 200 DMA as a […]
Logistics firms set for strong Q1 revenue growth despite margin pressure
Logistics sector revenue is poised for healthy growth in the June quarter. This expansion is driven by e-commerce demand and increased supply-chain outsourcing. However, elevated fuel costs and pricing pressures may impact profitability across companies. Container Corporation of India and Delhivery anticipate revenue increases with margin challenges. Blue Dart Express and TCI also expect revenue […]
MSCI rejig could bring $2.3 billion into Indian stocks
An upcoming MSCI index rebalancing may introduce about $2.3 billion in passive investment flows. The global index provider will announce changes on August 12 after market close. Several Indian stocks are likely candidates for inclusion in the MSCI India Standard Index. These changes will impact index-linked exchange-traded funds and mutual funds. The rebalancing will become […]
Global Market Today: Asian stocks drop after chip selloff, oil gains
Asian stocks declined as chipmakers pulled down Wall Street amid valuation concerns. Oil prices climbed higher this week due to escalating Middle East hostilities. Investors are questioning the sustainability of massive artificial intelligence investments and tech valuations. Heightened geopolitical tensions fueled inflation worries and potential interest rate hikes. Consumers continue spending and the labor market […]