Leading brokerage firms have given their recommendations on a range of Indian companies. Goldman Sachs has maintained a neutral rating on Nykaa due to concerns about profitability in the fashion segment. Macquarie has also maintained a neutral rating on Reliance Industries, stating that Jio earnings growth is set to lag Airtel India. Jefferies has a buy rating on Delhivery, anticipating medium-term e-commerce growth of around 15-20%. Meanwhile, CLSA has a buy rating on Hindalco, expecting low leverage and profitability growth, while UBS resumed its sell rating on Tata Motors due to concerns over its electric vehicle pipeline.
Macrotech Developers Q3 profit rises 88% to Rs 944 cr on higher income
Macrotech Developers, operating under the Lodha brand, posted an 88% rise in net profit for Q3 FY25, hitting Rs 944.4 crore due to a surge
January 25, 2025