The brokerage said GMR Airports is well-positioned for strong earnings growth, supported by rising travel demand in India, a steady ramp-up in non-aero and real-estate revenues, and favourable legal outcomes.
The two-wheeler segment witnessed several positive surprises, though the performance was mixed underneath the headline numbers. The passenger vehicle (PV) segment witnessed strong traction as well, driven by sustained demand for SUVs and continued strength in entry-level models. The commercial…
Conrad Saldanha, Managing Director and Portfolio Manager at Neuberger Berman said India still has a long runway in AI infrastructure, pointing to Nvidia’s discussions around future data centre capacity. “One gigawatt is scratching the surface,” he said, indicating that early…
Anindya Banerjee of Kotak Securities said that so far, there has been no major intervention that has been observed by the Reserve Bank of India (RBI).
According to Nuvama Alternative & Quantitative Research, HDFC Bank, which currently has a weightage of 27.5% on the Nifty Bank, will see its weightage drop to 18.9% in four tranches. Similarly, ICICI Bank’s current weightage of 23.1% will drop to…
ICICI Bank, Infosys, Bajaj Finance are among the 20 stock picks that Nomura has highlighted as part of its India strategy, which has projected a Nifty 50 target of 29,300.
Union telecom minister Jyotiraditya Scindia said told CNBC-TV18 on Monday that the Centre is awaiting a formal request from the telecom company before moving ahead on any relief measures, adding that the Supreme Court judgment is recent and needs careful…
Nomura prefers banks with stronger return profiles, cleaner balance sheets and a solid liability franchise. Its top picks are Axis Bank, ICICI Bank and State Bank of India.
Out of the total consideration of $25.5 million, $15.5 million will be used towards purchase of stock from the founders and other external investors of Commotion Inc., while the remaining $10 million will be a capital investment in the company.
Bernstein said Trent’s revenue growth appears to have bottomed out and outlined the key drivers for a recovery.