Broker’s call: Tata Power (Buy)

[ad_1] Target: ₹490CMP: ₹413.65Tata Power reported Q4-FY24 net consol revenue of ₹15,840 crore(+27 per cent y-o-y, +5% JMFe) and EBITDA of ₹2,700 crore(+23 per cent y-o-y, +3 per cent JMFe) led by higher sales across Odisha discoms and capacity addition...

Marico shares surge 10% on Q4 results; brokerages turn upbeat

[ad_1] Shares of Marico Ltd zoomed 10 per cent on Tuesday after the company reported a 4.9 per cent rise in consolidated net profit in quarter that ended March 2024. A few brokerages even upgraded the FMCG company post-results and hiked price targets.The stock ended at ₹582.10...

Broker’s call: Cyient DLM (Buy)

[ad_1] Target: ₹887CMP: ₹721.20Cyient DLM Limited (CDLM) Q4-FY24 quarterly numbers were broadly in line with JMFe. Rev at ₹360 croreup 30 per cent y-o-y driven by growth in defence seg. (78 per cent y-o-y), aerospace seg. (52 per cent y-o-y),...

Broker’s call: ASK Automotive (Buy)

[ad_1] Target: ₹375CMP: ₹309.20ASK Automotive (ASK) is the leading manufacturer of 2W brake shoe and drum braking systems with a combined about 50 per cent market share. Despite being a late entrant, the company has emerged as a sizeable player in...

Broker’s call: Tata Technologies (Buy)

[ad_1] Target: ₹1,370CMP: ₹1,134.10Tata Technologies announced a joint venture with the BMW group. The JV entails building a software hub with 1,000+ resources offering automotive software and digital engineering services for the BMW group. Our back of the envelop calculation...

‘Fund-raising momentum to be sustained in FY25’

[ad_1] The momentum of fund raising through initial public offerings (IPOs) and qualified institutional placements is expected to be sustained in FY25, and the size of IPOs may be higher while that of QIPs could be smaller, according to Neha...

Broker’s call: Bandhan Bank (Buy)

[ad_1] Target: ₹260CMP: ₹180.10We recently hosted Bandhan Bank for a Non-Deal Roadshow (NDR). Bandhan is gradually reducing share of unsecured loans in the overall mix (44.5 per cent secured and 55.5 per cent unsecured currently) and will continue to pursue...

Broker’s call: Balrampur Chini (Buy)

[ad_1] Target: ₹500CMP: ₹356.05The current share price of Balrampur Chini (trades at 10.5xFY26EPS), we believe, disregards: improving sugar prices (ex-mill sugar price at 37-38/kg despite the peak production season) with likely reduction in acreage in Maharashtra and Karnataka (water availability...

SEBI bars JM Financial from acting as lead manager to new public debt issues

[ad_1] Two days after the Reserve Bank of India asked JM Financial Products to stop financing against shares and debentures, the capital markets regulator SEBI on Thursday barred the parent company JM Financial from acting as the lead manager for...

Broker’s call: Deepak Nitrite (Buy)

[ad_1] Target: ₹2,565CMP: ₹2206.95We believe Deepak Nitrite’s MoU for investment of ₹14,000 crore (₹12,500 crore for phenol/acetone downstream and INR 15bn for specialty) (to be completed by CY27) will put it in the league of chemical giants such as Covestro,...
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