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 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.
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…
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.
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.
During analyst meetings, the management reiterated its guidance, which implies a strong 13-15% outperformance over the consumer durables industry.
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.
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.
Refex Industries shares will be in the spotlight today after the stock tumbled nearly 20% on Friday amid developments related to income tax search proceedings and a SEBI penalty on its promoter.
MSCI’s broadest index of Asia-Pacific shares outside Japan, opens new tab was down 0.6%, led by a drop of as much as 2.7% in South Korean shares, opens new tab, one of the world’s best-performing markets this year.