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...

Stocks that will see action today: April 29, 2024

[ad_1] Apollo HealthCo Limited, a subsidiary of Apollo Hospitals Enterprise Limited, has entered into a binding agreement to raise equity capital of ₹2,475 crore from Advent International, one of the world’s largest and most experienced global private equity investors. In...

Wipro gains post Q4 results, brokerages estimate weak near-term outlook  

[ad_1] Shares of Wipro rose by 2.14 per cent at ₹462.45 on the NSE as of 2.53 pm, Monday, despite posting weaker-than-expected March quarter financial results. Even analysts remain rather bearish on the stock. The company’s profits rose 5.2 per...

Broker’s call: Tata Communications (Hold)

[ad_1] Target: ₹1,870CMP: ₹1,754.95Tata Communications’ (TCom) Q4FY24 print missed our estimate with organic digital revenue growth of just 5 per cent y-o-y; acquisition margin dipped 10 percentage points q-o-q to 2 per cent. Company anticipates near-term challenges to revenue growth,...

ICICI Securities net doubles in Q4

[ad_1] ICICI Securities, soon-to-be-delisted, has reported a 104-per cent year-on-year rise in consolidated net profit for the quarter ended March 2024. Its net zoomed to ₹535.35 crore for March 2024 crore as against ₹261.95 crore reported in year-ago comparable period....

Broker’s call: Macrotech Developers (Hold)

[ad_1] Target: ₹1,109CMP: ₹1,233.90Along expected lines, Macrotech Developers (Lodha) achieved strong Q4-FY24 sales bookings of ₹4,230 crore (up 40 per cent y-o-y).Hence, the company has achieved FY24 sales bookings of ₹14,500 crore, exactly in line with its FY24 sales booking...

Stock that will see action today: 3 April 2024

[ad_1] Ganesh Benzoplast has announced unauthorised borrowings in subsidiary GBL Chemical Ltd. It has been brought to our attention that an unauthorised bank account was opened and operated in the name of Ganesh Benzoplast Ltd’s wholly owned subsidiary GBL Chemical...

Institutions vote in favour of ISec merger, ICICI Bank says it is in shareholders’ interest

[ad_1] Shareholders of ICICI Securities has approved the proposed merger with parent ICICI Bank. However, the green signal was largely driven by support from institutional investors even as majority retail shareholders voted against the proposal.The voting result showed that 71.89...

Broker’s call: Balkrishna Ind (Buy)

[ad_1] Target: ₹2,820CMP: ₹2,283.95India OHT exports in Jan’24, at $151 million, were higher by 13 per cent y-o-y as against $139 million average monthly exports in CY23. This was driven by strong growth in EU/US agri segment, with overall agri...

Broker’s call: Astral (Hold)

[ad_1] Target: ₹1,949 CMP: ₹2,001We interacted with management of Astral Ltd. Key takeaways are: Pipe demand trend continues to be steady in Q4-FY24- TD with 15 per cent+ volume growth YoY driven largely by the plumbing segment; Management expects operating...
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