Nifty can rally to 28,615 by this December in Axis’ bull case scenario. Here’s why
Axis Direct expects the Nifty to climb to 28,615 by December in its bull-case scenario, driven by a revival in private capex, resilient domestic demand and improving earnings. The brokerage remains overweight on BFSI, healthcare and capital goods, while cautioning that global risks and elevated valuations could trigger near-term volatility.
Deepak Nitrite shares jump 4% after Q1FY27 profit jumps 209%, revenue rises 36% YoY
Deepak Nitrite shares climbed over 4% after the company reported a more than threefold jump in June-quarter net profit and strong revenue growth. Investor sentiment was further supported by a Rs 2,500 crore expansion plan, positive technical indicators and increased institutional ownership during the quarter.
PNB Housing Finance shares rally 5% after Q1 profit rises 4% YoY, loan assets jump 15%
PNB Housing Finance shares gained after the lender reported steady Q1 earnings, supported by loan book expansion, stable asset quality and healthy capital position despite a modest decline in net interest margins.
Protean eGov shares fall 6% despite 19% YoY jump in Q1 revenue. Should you buy, sell or hold?
Protean eGov Technologies shares fell over 6% despite reporting a 19% year-on-year rise in Q1 FY27 revenue to Rs 251 crore. Profit slumped 75% due to upfront deployment costs and higher procurement expenses, while management highlighted strong growth in new initiatives and a robust, debt-free balance sheet.
MapMyIndia shares drop 8% despite strong Q1 earnings; PAT jumps 8% YoY
MapMyIndia shares dropped sharply on Wednesday despite reporting healthy Q1 FY27 earnings, with revenue rising 15% and PAT growing 8.6% year-on-year. Strong growth in automotive and IoT businesses offset margin pressure from a one-time write-off and changes in product mix, while cash reserves continued to strengthen.
Vedanta Aluminium shares can rally up to 28%? Why Systematix initiated coverage on the stock
Vedanta Aluminium shares: Systematix Institutional Equities initiated coverage on Vedanta Aluminium with a Buy rating and a target price of Rs 598, implying 28% upside. The brokerage expects earnings growth to be driven by higher volumes, deeper backward integration and strong aluminium demand.
Ola Electric Mobility shares rally over 7%. What’s boosting investor sentiment?
Ola Electric shares surged after the company signed an MoU with Axis Energy to deploy up to 20 GWh of battery energy storage systems by 2032. The partnership is the first major tie-up for Ola Mahashakti, its upcoming energy storage platform set to launch on August 15.
Nykaa shares dip 3% despite multifold jump in Q1 profit; analysts weigh in
Nykaa operator FSN E-Commerce Ventures saw its shares fall despite a strong Q1 FY27 performance. Consolidated net profit more than tripled to Rs 80 crore, while revenue rose 29% YoY to Rs 2,782 crore.
Kalyan Jewellers slips 3% as Q1 margin pressure overshadows 32% jump in net profit
Kalyan Jewellers shares fell 3% after its June-quarter results highlighted margin pressure despite strong earnings growth. Consolidated net profit rose 32% year-on-year to Rs 348.7 crore, while revenue surged 45.7% to Rs 10,588.9 crore. Investors remained cautious as higher gold exchange volumes and promotional offers weighed on margins, offsetting the retailer’s robust sales performance.
Bharti Airtel shares jump 4% after Q1 results. Here’s what Jefferies, CLSA, others are saying
Bharti Airtel shares rose 4% after the telecom major reported a 37% year-on-year jump in June-quarter net profit and an 18% increase in revenue. Brokerages remained bullish, with target prices implying up to 21% upside, driven by strong subscriber additions, higher ARPU and robust cash flows.