Top brokerage firms have released their recommendations for various companies. Morgan Stanley has maintained an overweight rating on Zomato, while CLSA has maintained a buy rating on Tata Motors and BofA Securities has upgraded Paytm to buy. Additionally, Morgan Stanley has initiated equal-weight ratings on HDFC AMC and Tata Steel, and has maintained an underweight rating on HPCL. Morgan Stanley expects sustainable share gain for Tata Motors in the PV segment and believes Paytm is well-positioned to dominate the SME merchant landscape, while the impact of SEBI paper is expected to be limited for HDFC AMC.
Cochin Shipyard shares tumble 8% as Q2 profit falls 50% YoY despite revenue growth
Cochin Shipyard shares fell sharply on Wednesday after the company reported a nearly 50% year-on-year decline in Q2 FY27 net profit to Rs 54 crore.