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[hfe_template id='11223'] [ad_1] Morgan Stanley remains bullish on Maruti Suzuki (target: Rs 14,942, upside 13%) amid strong export demand. Synopsis Goldman Sachs sees Adani Ports' correction as a buying opportunity (target: Rs 1,560, upside 43%). Jefferies maintains Buy on LIC Housing Finance (target: Rs 700, upside 25%) despite rate cut risks. Morgan Stanley remains bullish on Maruti Suzuki (target: Rs 14,942, upside 13%) amid strong export demand. Here are the latest stock recommendations from leading global brokerage firms for the next 12 months. Goldman Sachs, Jefferies, and Morgan Stanley have shared their views on Adani Ports, LIC Housing Finance, and Maruti Suzuki, respectively.While Goldman Sachs finds the recent correction in Adani Ports an attractive entry point, Jefferies highlights stable margins for LIC Housing Finance despite potential rate cut headwinds.Meanwhile, Morgan ETMarkets.com Feb 04, 2025, 10:07:00 AM IST Gift A Story Share member-only storie...

[hfe_template id='11223'] [ad_1] The shares of LIC Housing Finance today surged 3% to an intraday high of Rs 573.65 on the BSE after the foreign brokerage firm Jefferies reaffirmed its ‘buy’ rating on the stock, albeit with a revised target price of Rs 700 (down from Rs 795 earlier), indicating a headroom of 25% growth potential. The brokerage highlighted the company's stable margins on a quarter-on-quarter (QoQ) basis while acknowledging potential headwinds from future rate cuts. A key positive noted by Jefferies is the provision reversal driven by the resolution of a wholesale account. This development has positively impacted the company's financials. The brokerage forecasts a 4% compound annual growth rate (CAGR) for earnings per share (EPS) and a return on equity (ROE) of 13-14% over the FY25-27 period. Despite the positive outlook, Jefferies suggests that a meaningful re-rating of the stock would require a pick-up in growth and a better net interest margin (...

[hfe_template id='11223'] [ad_1] Domestic markets, after a lacklustre start on Tuesday, came under pressure and closed with losses, marking a second straight day in the red. "We expect the market to continue its consolidation mode due to the lack of any major positive trigger. However, investors should use this dip as a buying opportunity in quality stocks especially large-cap where valuations are still comfortable," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal. Here's breaking down the pre-market actions: STATE OF THE MARKETS Gift Nifty (Earlier SGX Nifty) signals a positive start.Nifty futures on the Gift Nifty traded 80 pts higher at 24,237. Tech View The recent swing high of 24,472 seems to be a lower top for the Nifty as per daily time frame chart. A slide below another lower support of 24,000-23,900 levels could trigger a reasonable downward correction in the market. Immediate resistance is placed at 24,350 levels, said Nagaraj Shetti...

[hfe_template id='11223'] [ad_1] India's Finance Minister Nirmala Sitharaman on 23rd Jul’24 presented the Union Budget 2024-25. This was the first budget of Prime Minister Narendra Modi’s third term in the government. Overall, the broad themes from the interim Budget remained unchanged. The Union budget 2024-25 focused on infrastructure, fiscal consolidation, job creation, MSMEs, women, and agricultural support. Broadly speaking, there were six key differences: 1) as expected, the GoI increased its dividend income from the financial institutions (including the RBI) by Rs 1.3 trillion in FY25. With broadly unchanged gross taxes and non-debt capital receipts, the GoI’s total receipts have been revised up by Rs 1.3 trillion. 2) About 57% of these additional resources have been used to reduce fiscal deficit (by Rs 722 billion), while the remaining 43% (Rs 547 billion) have been used to increase total spending 3) Within total spending, capital spending has been kept uncha...