Suzlon Energy shares: Nuvama Institutional Equities has recently started covering Suzlon Energy, expressing a favorable view towards the renewable energy company. They perceive Suzlon as the frontrunner in the wind energy sector, holding a dominant position. Aligning with other local brokerages, Nuvama foresees a potential 20% increase in Suzlon Energy’s stock value. With the energy…
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…
Amazon Q4 results: According to Nuvama, the cost takeout measure of clients has slowed down, and the results of all three hyper scalers—Amazon, Azure, and GCP—show an improvement in the overall growth trajectory this quarter. Growing cloud computing is good news for Indian IT companies, according to domestic brokerage Nuvama Institutional Equities, which released better-than-expected…
