Interarch Building Products shares rose nearly 10% after securing ₹633.5 crore in new orders for FY25. The company expects 15% revenue growth, bolstered by contracts from major players, including Reliance Industries and Ashok Leyland.
Despite correcting 43% from its record high, shares of Cochin Shipyard are still up 160% so far in 2024.
Investec mentioned that Mankind Pharma’s vision to be an innovation-driven and differentiation-focused company with high entry barrier products has found a match in Bharat Serums and Vaccines (BSV).
Macquaries believes steel companies look set to benefit from domestic price premium to import parity, steady leverage and easing input costs.
Ahead of today’s upmove, shares of HUDCO had already corrected 35% from their record high of ₹353.
UBS has a price target of ₹19 on Vodafone Idea, which has also been the stock’s recent peak.
BofA Securities noted the possibility of multiple de-ratings of valuations, and they see a lower possibility of a lump sum payment or any special dividend in the near term.
On Friday, market tech analysts Mitessh Thakkar, Avani Bhatt and Soni Patnaik recommended these stocks for the short term.
Marketbuzz Podcast: Indian markets may see a positive start according to the GIFT Nifty. Watch out for stocks like Vodafone Idea, Suzlon, Reliance Infra.
CNBC-TV18 Morning Call: From Supreme Court rejecting AGR dues’ review plea to Reliance Infrastructure’s board approving an over Rs 6000 crore fund raise, here is all you need to know in the morning news wrap