Broker’s call: Tata Motors (Outperform)

[ad_1] Target: ₹1,200CMP: ₹964.70Tata Motor’s Q4-FY24 results were largely in line, with JLR meeting its guidance. After a solid JLR turnaround achieved in FY24, management’s guidance of flat y-o-y EBIT margin in FY25 suggests that FY25 will be a year...

SBI Q4 results upbeat: Brokerages remain bullish, increases target price

[ad_1] Majority of domestic and global brokerages have maintained their ‘buy’ call on SBI after India’s largest PSU posted record profits.Also read:SBI posts record profit in Q4 on rise in income, leash on spendState Bank of India, after market hours...

Broker’s call: SBI Life (Outperform)

[ad_1] Target: ₹2,450CMP: ₹1,436.35SBI Life Insurance Company’s Q4-FY24 VNB margin stood at 28.1 per cent in-line with management guidance of 28 per cent but slightly below our FY24 estimate of 29 per cent. VNB margin was flat q-o-q vs 20bps/210bps...

Analysts turn bullish on HDFC Bank, but stock dips post Q4

[ad_1] Shares of HDFC Bank slipped over 1.2 per cent, after reporting its March quarter earnings over the weekend, despite analysts remaining bullish on the stock. The stock settled at ₹1,512.30 on the BSE, after beginning on a positive note...

Broker’s call: DOMS Industries (Outperform)

[ad_1] Target: ₹1,950CMP: ₹1,752.20DOMS is a leading school stationery and art materials company in India. The company has doubled its sales over FY16-19 and again over FY19-23. Despite negligible advertisement spends, its products are popular with children. The company’s strength...

Broker’s call: Adani Ports (OP)

[ad_1] Target: ₹1,562CMP: ₹1,280.95Adani Ports and SEZ (ADSEZ) has consistently gained market share, driven by organic growth from its Gujarat-based ports and through strategic acquisitions at reasonable valuations. The turnaround of these acquired assets has accelerated its market share gains....

Broker’s call: Bajaj Finance (OP)

[ad_1] Target: ₹9,040CMP: ₹6,592.25We initiate coverage on Bajaj Finance with Outperformer rating and a TP of ₹9,040 (5x FY26E P/BVPS) and mark it as a preferred BFSI pick. BAF is India’s largest NBFC with primarily a retail/MSME product suite focussed...

IT services deal win momentum sees minor uptick in Feb: Report 

[ad_1] Deal-win announcements by IT services companies saw a minor uptick month-on-month(m-o-m) in February 2024, according to a report by BNP Paribas.Also read: Tech industry to push back against the new AI rule requiring govt approvalsTotal deal-wins, however, for the...

Broker’s call: L&T (Outperform)

[ad_1] Target: ₹3,967CMP: ₹3,634.50Larsen & Toubro shares are down 6 per cent m-o-m due to: core Q3 EBITDA margin disappointing and concerns on L&T’s international order prospects after Saudi Aramco decided not to pursue its target of raising oil production...