Rupee gains 5 paise to 88.64 against US dollar in early trade
According to forex traders, the outflow of foreign funds amid selling pressure in the equity markets prevented a sharp gain in the domestic unit.
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Rubicon Research shares can rally 54%, Motilal Oswal projects in ‘bull case’ scenario
Considering a strong earnings CAGR of 43% over FY25-28 and over 30% RoE, the brokerage believes Rubicon deserves to trade at a premium valuation.
L&T shares gain after GA-ASI partnership to produce defence systems for Indian Armed forces
Under the partnership, L&T said it would participate in the upcoming 87 MALE RPAS programme of the ministry of defence, where it would be the…
Edelweiss AMC’s Trideep Bhattacharya urges caution on IPO valuations, sees tech recovery ahead
Trideep Bhattacharya, Chief Investment Officer-Equities of Edelweiss AMC believes the IT sector’s earnings are bottoming out, positioning it as a potential ‘contra play’ over 12-15…
Neeraj Seth sees further Fed easing, bullish on gold, optimistic on Indian IPO market
Neeraj Seth, Founder and CIO of 3R Investment Management, said that if the Federal Reserve pauses rate cuts and the dollar continues to strengthen, gold…
Vedanta Q2 Results: Strong LME prices may offset weak volumes; Demerger timeline in focus
Strong prices on the LME are likely to offset the impact of weak volumes and support expansion of Vedanta’s margins during the quarter. Aluminium and…
Bandhan Bank shares decline 5% as CLSA downgrades stock, cuts price target on weak Q2
28 analysts have coverage on Bandhan Bank out of which 14 have a “buy” rating, ten say “hold”, while four have a “sell” rating.
Navin Fluorine shares jump 14%, most since March 2020, after strong Q2; Check price targets
Navin Fluorine expects a better second half across segments for the company and the CDMO business may see revenue of $100 million in financial year…
Swiggy shares gain as analysts retain optimism despite wider net loss
Swiggy’s Q2 was mixed, marked by an improvement in contribution per order for Instamart, though this came at the cost of slower order growth and…
Manappuram Finance shares get a downgrade after Q2 results; Here are the key triggers ahead
Manappuram Finance’s Asirvad MFI, also reported another quarterly loss, driven by shrinking pre-provision operating profit (PPOP) and elevated credit costs.