SBI Funds Management shares list at 7% premium, but target prices go up to Rs 750. Time to buy?
SBI Funds Management Share Price: SBI Funds Management debuted with a nearly 7% premium over its IPO price, falling short of grey market expectations. Despite this, brokerages remain bullish, with Emkay assigning a Rs 750 target price and Equirus Rs 675, while analysts advise long-term investors to hold the stock on strong fundamentals.
Coal India subsidiary CMPDI shares climb 7% after Q1FY27 profit surges 54% YoY
CMPDI shares jumped nearly 7% after the Coal India subsidiary reported strong Q1FY27 results, with revenue rising 18% and net profit surging 54% year-on-year. Robust operational growth and the announcement of a Rs 1.05-per-share interim dividend further lifted investor sentiment.
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Mrs Bectors Food shares surge 30% in 4 days after Sunil Singhania’s Abakkus acquires 1% stake. Do you own?
Mrs Bectors Food shares extended their four-day rally to nearly 30% after Abakkus Investment Managers acquired a 0.96% stake through a bulk deal. The stock hit a five-month high of Rs 219.61, supported by investor interest and steady March-quarter growth in revenue and profit.
MTAR Technologies falls 5%, extends 4-day slide to 20%
MTAR Technologies shares hit the 5% lower circuit for a fourth straight session on Tuesday, taking their four-day decline to nearly 20% and one-month loss to 31%. The sell-off came as promoter and mutual fund holdings declined in the June quarter. However, foreign institutional investors raised their stake to 24.80% from 17.31%, signalling stronger overseas […]
Jaiprakash Power shares surge 8% after Q1 profit jumps 69%, revenue rises 12% YoY
Jaiprakash Power shares rallied 8.4% after strong Q1FY27 results, with revenue rising 12.2% and profit surging 68.6% year-on-year. The company returned to sequential profitability, while increased institutional holdings and positive technical momentum further supported investor sentiment.
UltraTech Cement shares gain 2% after Q1 results. Why Nuvama, other brokerages raised target?
UltraTech Cement shares rose after the company posted a 17% year-on-year rise in Q1 FY27 consolidated net profit to Rs 2,599 crore and a 16% increase in revenue to Rs 24,648 crore. The stock also gained after multiple brokerages raised their target prices, encouraged by strong earnings and management guidance
Sensex falls over 50 points, Nifty below 24,250 despite Iran-US mediation efforts
Indian stock markets saw marginal losses on Tuesday as Sensex and Nifty traded flat. Broader markets, however, opened with modest gains, bucking the overall trend. Mediation efforts between Iran and the US led to a dip in oil prices below $90 per barrel. Analysts suggest crude oil prices and banking sector earnings will guide market […]
Paytm shares gain 3% after Q1 results. What are Goldman Sachs, Citi and CLSA saying?
Paytm shares rose 2.7% after the fintech firm reported a 79% year-on-year jump in Q1 consolidated net profit to Rs 220 crore. Revenue from operations increased 28% to Rs 2,448 crore, while total income rose 22% to Rs 2,630 crore. Profit before tax climbed to Rs 247 crore, reflecting stronger operating performance both year-on-year and […]
UTI AMC’s V Srivatsa warns against midcap valuation, says risk-reward better in largecaps
The mid cap also is expected to grow in similar lines and trades at 50% premium to large caps. While the longer-term outlook for mid cap is superior to large caps, the valuation premium is at record high and there could be mean reversion especially when the growth is picking up for the large cap. […]