Jefferies initiates coverage on GE Vernova, bullish on 2 other power transmission stocks
Jefferies has initiated coverage on GE Vernova T&D India with a Hold rating and a target price of ₹6,000, citing limited upside despite strong sector tailwinds. The brokerage remains bullish on Hitachi Energy India and Siemens Energy India, reiterating Buy ratings with target prices of ₹43,145 and ₹4,500, respectively.
Syrma SGS Technology shares jump 5% after JV pact with Japan’s Kaga Electronics
Syrma SGS Technology’s shares jumped nearly 5% after announcing a significant joint venture with Japan’s Kaga Electronics. This collaboration aims to establish a cutting-edge manufacturing facility in India, primarily serving Japanese clients and bolstering Syrma’s presence in high-value electronics. The partnership, with Syrma holding a 60% stake, is seen as a strategic move to capitalize […]
Madhusudan Kela-backed firm picks stake in SME stock Yash Highvoltage via preferential issue
Yash Highvoltage shares surged after ace investor Madhusudan Kela’s firm bought nearly 14,000 shares. The company’s board approved a preferential issue of up to Rs 151 crore to fund expansion, including enhancing its Resin-Impregnated Paper bushing manufacturing to 550 kV. This strategic move aims to bolster its position in the extra-high-voltage transmission segment and cater […]
Kirloskar Oil Engines shares up 36% in 2 days. Should you buy or sell?
Kirloskar Oil Engines shares surged nearly 36% in two sessions after securing a 192 MW data centre order from HyperNext. Brokerages remain bullish, citing capex-led growth and strong demand from AI and cloud infrastructure, although current market price has already surpassed most target valuations.
US bond yields back to ‘normal’; AI needs a reality check, says Ed Yardeni
Veteran strategist Ed Yardeni views the recent rise in Treasury yields and the AI stock correction as healthy market adjustments, not crisis signals. He believes bond yields are returning to normal levels and AI stock valuations are undergoing a realistic reassessment. Despite a hawkish Fed stance, Yardeni anticipates only one or two rate hikes in […]
Jefferies picks 9 power stocks with upside potential of up to 31%. How many do you own?
Jefferies identifies the power sector as a compelling investment theme, anticipating significant growth. The firm has issued Buy ratings on nine power stocks, projecting potential upsides ranging up to 31%. These recommendations are based on evolving market dynamics and strong demand-supply drivers. Investors are encouraged to explore these opportunities for potential gains.
Vedanta shares fall 6% after Rs 2,149-crore block deal; promoter Twin Star likely seller
Vedanta’s stock experienced a significant dip, dropping up to 6% from its intraday peak of Rs 287. This decline followed media speculation that promoter entity Twin Star Holdings likely reduced its stake via a substantial block deal. Around 7.3 crore shares, valued at Rs 2,149 crore, were reportedly traded at Rs 292 each. Further details […]
Info Edge shares jump 4% as AI portfolio doubles to Rs 1,268 crore; total holdings at Rs 41,300 crore
Info Edge’s stock surged over 4% as its artificial intelligence investments more than doubled in value, reaching Rs 1,268 crore. The company’s AI startup portfolio has yielded a 2.1x multiple and a 31% internal rate of return. Overall, Info Edge’s startup investments are now valued at Rs 41,300 crore, reflecting strong growth across its technology […]
ETMarkets PMS Talk | We analyse over 300 data points to identify alpha: Wright PMS’ Sonam Srivastava
Wright PMS’s Sonam Srivastava champions a data-driven approach to active investing, analyzing over 300 data points to identify alpha. Her firm’s Factor Fund has significantly outperformed benchmarks, delivering nearly 20% CAGR. Srivastava highlights dynamic allocation across sectors like data centers and power transmission, emphasizing a quantitative strategy that adapts to market regimes and volatility for […]
No returns in 2 years? Axis AMC’s Shreyash Devalkar reveals where he’s investing now
Despite muted index returns and significant FII outflows, the Indian equity market’s underlying economy shows resilience with healthy earnings growth. Axis AMC’s Shreyash Devalkar highlights AI-driven FII exits and suggests large caps offer valuation comfort but limited growth. He favors mid and small caps for structural growth themes, though valuations are elevated. SIPs remain the […]