Don’t buy IndiGo shares now, says this strategist
Despite the stock pulling back by 20%, Matt Orton, Chief Market Strategist at Raymond James Investment says the airline may not be out of the woods yet.
Uncategorized
‘Consensus Buy’ TBO Tek shares gain after Jefferies, Goldman Sachs see up to 17% upside
For financial year 2028, Jefferies expects TBO Tek’s revenue to jump to ₹4,294 crore from ₹1,737 crore at the end of financial year 2025, its Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) to more than double to ₹762 crore…
Federal Bank share price target raised by UBS to ₹310 anticipating better operating metrics
Federal Bank shares trade at 1.5 times its estimated price-to-book value for financial year 2027, or 1.4 times including the capital raise, which is at par with peers such as IDFC First Bank. Although Federal Bank has a better return…
Inox Wind shares in focus after it wins 102.3 MW order from Aditya Birla Renewables subsidiary
Inox Wind said this is the first order it has secured from Aditya Birla Renewables, which is for the supply of 3.3 MW turbines for the projects being developed by ABREL EPC Ltd. in Karnataka.
Wall Street’s top picks for 2026: TD Cowen’s public safety stock with almost 60% upside
CNBC Pro obtained the lists of top stock picks that major sell-side brokerages on Wall Street, such as TD Cowen, are distributing to clients, and looked for those where analysts see the most upside. For TD Cowen, the stock with…
Rupee slips to all-time low of 90.63 against dollar: What is weighing on the currency
The Indian rupee hit a record low of 90.56 per US dollar amid foreign fund outflows, US-India trade uncertainty, and a widening trade deficit, with RBI interventions appearing less aggressive.
Geojit Financial shares jump after 15% equity changes hands; Rekha Jhunjhunwala owns substantial stake
Close to 1 lakh retail shareholders, or those with authorized share capital of up to ₹2 lakh, have a 18.78% stake in Geojit Financial Services as of September 30. Mutual Funds have negligible ownership of the stock.
Amber Enterprises shares rise 3% after management reiterates growth guidance
During analyst meetings, the management reiterated its guidance, which implies a strong 13-15% outperformance over the consumer durables industry.
Kaynes Tech shares aim to extend two-day rebound after Smallcap World Fund buys stake
Elara maintained its “buy” rating on Kaynes Tech, but cut its price target by 30% on the stock to ₹5,365 from ₹7,670 earlier. The revised price target implies a potential upside of 26% from current levels.
Lenskart shares are ‘fairly valued’; Morgan Stanley projects limited upside
Brokerage firm Morgan Stanley described Lenskart as a differentiated play on changing lifestyle trends, adding that the company is relatively insulated from broader macro headwinds.