Jio and Airtel 5G: Consumer spending on telecom services, including taxes, is projected to increase by approximately Rs 47,500 crore annually due to significant tariff hikes from India’s major telecom companies and higher rates for 5G services, as reported by The Economic Times (ET). Reliance Jio and Bharti Airtel have implemented substantial cost increases to…
Dr. Reddy shares: On Thursday, shares of Dr. Reddy’s Laboratories surged by 2.7% to Rs 6,235.90 on the BSE. The stock’s rise followed the company’s acquisition of the OTC brand Nicotinell from London-based consumer healthcare giant Heleon, which was announced on Wednesday. Dr. Reddy, based in Hyderabad and known for its pharmaceuticals, acquired one of…
Adani Ports stocks: Adani Ports and Special Economic Zone shares have rebounded by 107% from their 52-week low over the past year. The stock hit its low of Rs 702.85 on June 23, 2023, but reached a record high of Rs 1,607.95 on June 3, 2024. However, it has since dipped by 10% from its…
Adani Ports stock: On June 14, Adani Ports and Special Economic Zone (APSEZ) saw a rise in its share price following an upward revision in its target price by Kotak Institutional Equities, from Rs 1,550 to Rs 1,650 per share. This upgrade reflects the company’s consistent outperformance in FYTD24. Despite a sluggish start in the…
GR Infra stock: During Thursday’s trading session, shares of G R Infraprojects Ltd surged by over 4 percent initially but later relinquished their gains as the session unfolded. Brokerage firms maintained a mixed outlook on the stock, with certain analysts indicating a potential downside of 40 percent in the counter. GR Infraprojects recorded a significant…
IndiGo Q4 earnings preview: With more passengers, InterGlobe Aviation Ltd. (IndiGo) is expected to achieve a robust year-over-year (YoY) increase in top and bottom-line growth. An annual expansion of margins is observed. Numbers in a sequential fashion are probably weak. Emkay Global predicted that net profit for the March quarter would increase by 110.90% year…
BHEL Q4 earnings: Despite Bharat Heavy Electricals Ltd (BHEL) announcing underwhelming March quarter results, characterized by minimal year-on-year revenue growth and a notable 400 basis points decrease in EBITDA margin due to increased provisioning, Nuvama Institutional Equities has significantly raised its target price for the stock by 51 percent. Their rationale behind this bullish move…
PNB Q4 profit: Despite Punjab National Bank (PNB) reporting a 160 percent year-on-year (YoY) increase in profit, some brokerages, such as Nirmal Bang Institutional Equities and Kotak Institutional Equities, remained unimpressed and maintained ‘Sell’ ratings on the stock. They pointed to a recent significant surge in the stock price. PNB’s fourth-quarter profit was primarily driven…
Bajaj Finance shares: Bajaj Finance, a non-bank finance lender, saw its shares drop approximately 8 percent in early trading on April 26 following the release of its Q4 earnings report, which revealed a decrease in net interest margin. The company experienced a 21 basis point erosion in net interest margin during the fourth quarter compared…
Vodafone Idea FPO: Kotak Institutional Equities hailed Vodafone Idea’s Rs 18,000 crore follow-on public offer (FPO) as a positive step forward. In their latest note, they emphasized that this move is poised to address the network coverage gap and enhance Vodafone Idea’s competitiveness against its peers to some extent. With a significant decrease in bank…
