equity research

HDFC Bank Shares Lead Nifty 50 Recovery with 3% Gain HDFC Bank Drives Index Rebound HDFC Bank Ltd. shares were a standout performer on Monday, rising as much as 3% to lead the pack among the top gainers in the Nifty 50. The shares of India’s private lender were not only among the top index...

Titan Shares Slip 2% Even as UBS Maintains Buy Rating with ₹5,300 Target Shares of Titan Company Ltd., part of the Tata Group, were trading lower on Thursday, March 12, even as global brokerage UBS reiterated a positive outlook on the stock.The stock declined about 2% during the session...

Brokerage firm Motilal Oswal Financial Services said concerns about the recent underperformance of Maruti Suzuki India shares are exaggerated and maintained a positive outlook on the country’s largest passenger car manufacturer.The brokerage reiterated its “buy” rating on the stock and set a...

Jio Financial Services Shares Rise After Motilal Oswal Initiates Coverage With Buy Rating Brokerage Sees Over 35% Upside Potential Shares of Jio Financial Services Ltd. moved higher on Wednesday, March 11, after brokerage firm Motilal Oswal initiated coverage on the stock with a bullish outlook...

Sona BLW Precision Forgings Shares Jump 4% After BoFA Securities Upgrades Stock to Buy Brokerage Raises Price Target to ₹640, Sees 25% Upside Shares of Sona BLW Precision Forgings Ltd. rose as much as 4 percent on Wednesday, March 11, after brokerage firm BoFA Securities upgraded the stock to a...

Amber Enterprises Shares Trade Lower for Second Day Despite Jefferies Highlighting Growth Catalysts Shares of Amber Enterprises India Ltd. continued to trade with losses for the second straight session on Tuesday, March 10, even as brokerage firm Jefferies maintained a positive outlook on the...

Arvind Smartspaces Shares Jump 13% After Pirojsha Godrej Buys Stake in Block Deal Stock Surges After ₹41 Crore Block Transaction Shares of Arvind Smartspaces Ltd. climbed more than 13 percent on Tuesday, March 10, after Pirojsha Adi Godrej purchased 8.2 million shares of the company through a...

Morgan Stanley Upgrades Marico and Nestle India, Downgrades Godrej Consumer as FMCG Stocks Slip On Wednesday, March 4, shares of key fast moving consumer goods companies including Marico Ltd, Godrej Consumer Products Ltd, and Nestle India Ltd were trading lower after global brokerage Morgan...

Despite heightened uncertainty around recent US solar duties, a majority of analysts covering Waaree Energies Ltd. continue to maintain a positive stance on the stock, even after it has corrected nearly 40% from its peak.Waaree Energies shares declined 10% on Wednesday after the United States...

Shares of Ola Electric Mobility Ltd. came under fresh pressure after Goldman Sachs downgraded the electric vehicle maker to Neutral and sharply reduced its price target in a note released on Thursday, February 26.The brokerage cut its target price by 50% to ₹26 from ₹52 earlier. The revised...

Poonawalla Fincorp Ltd. Shares in Focus as UBS Initiates Coverage with Buy Rating, ₹640 Target Shares of Poonawalla Fincorp Ltd. will remain in focus on Thursday, February 26, after UBS initiated coverage on the non-banking financial company with a positive outlook and a significant upside...

SBI Share Price Target: CLSA Assigns Outperform Rating, Sees Upside to ₹1,275 CLSA Initiates Bullish View on State Bank of India Global brokerage CLSA has assigned an "Outperform" rating to State Bank of India Ltd, setting a price target of ₹1,275 per share. The target indicates a potential...

Jefferies Flags Buying Opportunity in Auto-Component Stocks; Bharat Forge, Motherson, Sona BLW Top Picks Global brokerage firm Jefferies has identified a fresh buying opportunity in Indian auto-component stocks with strong global exposure, citing a turnaround in earnings revisions after a...

Vedanta Board Clears ₹3,000 Crore Non Convertible Debenture Issue Vedanta Ltd has approved a proposal to raise up to ₹3,000 crore through the issuance of non convertible debentures. The decision was cleared by the company’s board on Wednesday, February 25.According to the company’s exchange...

Shares of Lloyds Metals and Energy Ltd. climbed sharply on Wednesday, February 25, after global brokerage Nomura initiated coverage on the stock with a bullish outlook. The stock emerged as one of the top gainers on the Nifty Metal index following the note.At the time of reporting, shares were...

New Delhi, February 14 – Artificial intelligence (AI) is unlikely to replace IT services companies anytime soon, according to a new report by JP Morgan's Asia Pacific Equity Research team.Instead of shrinking the industry, AI is expected to become another tool that helps companies deliver more...