Goldman Sachs initiates coverage on Sansera Engineering, 3 other auto ancillary stocks with upside of up to 28%. Here’s why
Goldman Sachs has initiated coverage on four Indian auto ancillary companies, turning bullish on Sansera Engineering and Craftsman Automation while assigning Neutral ratings to Bharat Forge and Samvardhana Motherson. The brokerage believes a shift towards precision engineering, aerospace, defence, semiconductors and EV-related opportunities will drive long-term growth and improve margins.
HDFC Bank shares crash 5%, wipe off Rs 70,000 cr from investor wealth. Why Jefferies, Nomura, others see up to 28% upside?
HDFC Bank shares fell sharply on Monday after its Q1FY27 earnings failed to impress investors, wiping out nearly Rs 70,000 crore in market value. Despite margin pressure and a muted market reaction, brokerages including Jefferies, Nomura, Motilal Oswal and Anand Rathi retained bullish ratings, seeing up to 28% upside in the stock.
Kotak Mahindra Bank shares fall over 3% despite Q1 profit growth. Analysts weigh in
Kotak Mahindra Bank shares fell after reporting a strong profit increase for the first quarter. Net profit rose 26% year-on-year, and net interest income also saw growth. Asset quality improved from the previous year, though key ratios weakened sequentially. Brokerages provided varied ratings, with some reiterating buy recommendations and others maintaining add ratings. Analysts cited […]
Tips Music shares jump 11% as board set to approve buyback on July 22
Tips Music shares jumped up to 11% after the company announced that its board will consider a proposal to buy back equity shares alongside approving its June quarter results on July 22. The announcement comes after the music label delivered strong FY26 earnings growth and continued to expand its music catalogue and digital audience.
BHEL share price: Brokerages see up to 23% upside after Maharatna PSU posts first Q1 profit in 8 years
BHEL shares recently hit a 52-week high, but brokerages see more upside after the Maharatna PSU posted its first June-quarter profit in eight years. Strong execution, a robust Rs 2.6 lakh crore order book and improving margins have prompted ICICI Securities and JM Financial to reiterate their bullish outlook on the stock.
Natco Pharma shares surge 5% after US FDA’s tentative nod Olaparib tablets
Natco Pharma shares rose sharply on Monday after the U.S. FDA granted tentative approval for its generic Olaparib tablets, a bioequivalent version of AstraZeneca’s Lynparza. The drug addresses a $1.4-billion U.S. market opportunity. The company will manufacture the product, while Alembic Pharmaceuticals will handle its U.S. commercialisation.
PNB shares jump 6% as Q1 profit soars 214%, beats Street estimates. What next?
Punjab National Bank shares rose sharply on Monday after the PSU lender reported a 214% YoY jump in Q1FY27 net profit, beating Street estimates. Strong asset quality, lower provisions and improving margins prompted JM Financial to upgrade the stock and Motilal Oswal to reiterate its Buy rating with a higher target.
VA Tech Wabag shares rise 4% after securing major Bengaluru wastewater treatment order
VA Tech Wabag shares rose after announcing a significant order from BWSSB. The company will develop two energy-efficient wastewater treatment facilities in Bengaluru. This large order strengthens its position in India’s municipal wastewater sector. The projects will enhance sewage treatment capacity and water security goals. VA Tech Wabag’s stock has shown strong performance over recent […]
PC Jeweller shares jump 6%: What’s driving the rally after 220% gains in 3 years?
PC Jeweller shares jumped about 6% after its board approved raising up to Rs 1,000 crore through a QIP, nearly reversing Friday’s losses. The rebound also comes amid strong Q1 revenue growth and the company’s progress toward becoming debt-free.
Reliance Industries share price target: What are brokerages saying after Q1 results?
Reliance Industries shares gained after the conglomerate reported better-than-expected June quarter earnings, driven by robust growth across its energy, digital and refining businesses. Brokerages remained bullish on the stock, with several reiterating Buy ratings and raising target prices, citing strong operational performance, improving refining margins and long-term growth prospects across Jio, retail and renewable energy.