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[hfe_template id='11223'] [ad_1] Brokerage firms offer varied perspectives on select stocks. Morgan Stanley is optimistic about Aditya Birla Capital, citing improvements across business segments and re-rating potential. Synopsis Brokerage firms provide insights on select stocks. Morgan Stanley is optimistic about Aditya Birla Capital, citing improvements across business segments. Nuvama maintains a Buy rating on Jubilant Ingrevia, highlighting solid margins. However, Nuvama is cautious on Tata Motors, reducing its target price due to muted growth projections. These recommendations offer a mixed outlook for investors. Brokerage firms have shared their latest views on select stocks, offering a mix of bullish and cautious takes for the next 12 months.Morgan Stanley remains upbeat on Aditya Birla Capital, citing broad-based improvements across business segments and potential for re-rating.Meanwhile, Nuvama Institutional Equities has reaffirmed a Buy on Jubilant Ingrevia, hig...

[hfe_template id='11223'] [ad_1] Morgan Stanley sold over 19.30 lakh shares in Kesoram Industries for Rs 81 lakh on Friday via block deal. The penny stock was sold at a price of Rs 4.20 per share which was at an 11% discount from Thursday's closing price of Rs 4.70. Shares of Kesoram Industries today ended at Rs 4.50 on the BSE, down by Rs 0.20 or 4.26% and a fresh 52-week-low. ETMarket's selection criteria for a scrip to fall in the penny stock category is a market capitalization below Rs 1,000 crore, a share price under Rs 20, and a minimum trading volume of 5 lakh shares. The stock's market capitalisation on BSE stood at Rs 139.79 crore with average traded shares over the last two weeks at 43,000. Kesoram Industries witnessed other deals as well where Mundhra Homes Private Limited sold over 40.81 lakh shares at a price of Rs 4.24 per share. Meanwhile, Devi Traders LLP sold 15.63 lakh shares at Rs 4.29 and Ishaan Tradefin LLP off-loaded over 49.52 lakh shar...

[hfe_template id='11223'] [ad_1] Suzlon Energy shares surged 5% in early trade to hit the upper circuit at Rs 52.76 in intraday trade on Wednesday after the company reported a 90% year-on-year (YoY) surge in net profit to Rs 386.92 crore for the quarter ended December 31, 2024. Revenue from operations also saw a sharp increase of 91% YoY, reaching Rs 2,968.81 crore. The company’s revenue from operations during the December 2023 quarter was Rs 1,552.91 crore, while the renewable energy firm had reported a profit of Rs 203.04 crore in the third quarter of the previous year. Suzlon Energy’s total income for Q3 FY25 rose sharply by 91% YoY to Rs 3,002.36 crore, compared to Rs 1,569.71 crore in the same quarter last year. Notably, the company’s EBITDA more than doubled to Rs 500 crore, with an EBITDA margin of 16.8% during the quarter. Also Read: Stocks in news: Bajaj Finance, Maruti, Tata Motors, SBI Card, Suzlon Energy Suzlon said it recorded its highest-ever quarterly deli...

[hfe_template id='11223'] [ad_1] Wall Street banks are getting ready to sell up to $3 billion of debt holdings in X, the social-media platform controlled by Elon Musk, two sources with knowledge of the matter said on Friday. Morgan Stanley bankers have reached out to investors ahead of a planned sale next week, the people added. The bank and others, such as Bank of America and Barclays, had lent to Musk to complete his $44 billion buyout of X, formerly known as Twitter, in 2022. Banks expect to get 90 to 95 cents on the dollar, according to the Wall Street Journal, which earlier reported the preparations for the sale. Morgan Stanley, Bank of America, Barclays, X and Elon Musk did not immediately respond to requests for additional comment. Banks typically sell such loans to investors soon after a deal is done, but lenders have faced difficulties in offloading the debt in the case of X. Musk's sweeping changes to the platform, including laying off many people who wo...

[hfe_template id='11223'] [ad_1] 1 / 5 Tech Mahindra December Quarter Results Tech Mahindra has garnered mixed reviews from leading brokerage firms following its Q3 results. IT services company Tech Mahindra on Friday reported a 93% growth in consolidated net profit for the quarter ended December 31, 2024. The bottom line stood at Rs 983 crore (attributable to shareholders of the company), compared to Rs 510 crore reported in the same period last year. Also Read: Tech Mahindra Q3 Results: Cons PAT soars 93% YoY to Rs 983 crore, revenue up 1% We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Agencies 2 / 5 Nomura on Tech Mahindra Nomura on Tech Mahindra post Q3 results: Buy | Target Rs 1,900 | LTP Rs 1,658 | Upside 14% Nomura has maintained a Buy rating on Tech Mahindra following its Q3 results, setting a target price of Rs 1,900. At the last traded price (LTP) of Rs 1,658, this implies a potential upside of 14%. Reuters 3 /...

[hfe_template id='11223'] [ad_1] NEW YORK: U.S. stocks dipped on Thursday as a jump in the prior session cooled, while investors eyed the most recent corporate earnings and gauged economic data to determine the path of Federal Reserve rate cuts. A benign reading on inflation calmed fears about a renewal in price pressures and strong bank earnings helped the three major U.S. indexes notch their biggest one-day percentage gain since Nov. 6 on Wednesday. But stocks swayed between modest gains and losses on Thursday after economic data on Thursday indicated consumer spending remains strong, while the labor market is also on solid footing, giving the Fed room to maintain a slow pace in cutting interest rates this year. "The market breathed a pretty good sigh of relief yesterday. Now January's undecided, but at least on a little bit better footing to see where we end up, and we can look at some more data and some earnings and see how that's all going to turn out,...

[hfe_template id='11223'] [ad_1] Mumbai: IT major Tata Consultancy Services (TCS) led the rally in large-cap information technology shares, as investors were encouraged by the country's largest software exporter's commentary on the demand outlook after its third-quarter results. The Nifty IT Index gained 3.4% on Friday, led by a 5% jump in TCS shares. The company posted a 12% increase in net profit in the December quarter compared to the previous year. All 10 stocks in the Nifty IT Index closed higher. LTI Mindtree surged 4.6% while Tech Mahindra and HCL Technologies gained over 3.6% and 3.2%, respectively. Infosys and Wipro moved up 2.5% each. Infosys and HCL Tech are scheduled to announce their results next week. "The management commentary on improving demand outlook and deal cycle along with recovery in discretionary spending is a major positive from the TCS results that led to the uptick in the shares today," said Narendra Solanki, head, fundamental...

[hfe_template id='11223'] [ad_1] Leading global brokerages have shared their latest recommendations on key Indian stocks, highlighting potential growth opportunities and market trends for 2025. Morgan Stanley and Jefferies remain optimistic about select sectors, with actionable insights on Petronet LNG, ONGC, and Maruti Suzuki India. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Morgan Stanley on Petronet LNG: Maintain Equal-Weight, target price at Rs 400 | LTP Rs 327 | Upside 22% Morgan Stanley has maintained an "Equal-Weight" rating on Petronet LNG (PLNG) with a target price of Rs 400, indicating a potential upside of 22% from the current market price of Rs 327. The firm highlights PLNG as a high return-on-capital-employed (ROCE) stock that performs consistently well through economic cycles. It anticipates an upside in the utilization rates of PLNG's terminals, driven by the normalization of LNG prices, ...

[hfe_template id='11223'] [ad_1] Shares of Prestige Estates Projects dropped over 5% to Rs 1,618.8 in Wednesday's trade on BSE after the global brokerage firm Morgan Stanley downgraded the stock to 'Underweight'. Citing slower pre-sales growth and lower conviction, Morgan Stanley downgraded Prestige Estates to 'Underweight' from 'Overweight' and cut its target price to Rs 1,510 from Rs 1,770. The new target price reflects an 11.4% downside from the previous day's closing price of Rs 1,705.7. The brokerage reduced its FY25 pre-sales growth estimate to +9% YoY, down from the earlier forecast of +28%, as the company achieved only 29% of its FY25 target in H1FY25. The Relative Underweight rating is attributed to high capital expenditure on the company's IP business and weaker presales momentum compared to its peers. Also Read: NTPC Green shares list at 3% premium over IPO price At 10:19 am, the scrip was trading 3.5% lower at Rs 1,646 on B...

[hfe_template id='11223'] [ad_1] Shares of Avenue Supermarts-operated DMart tumbled 5% to their day’s low of Rs 4,701.90 after the company reported 14% growth in its standalone revenues at Rs 14,050 crore for the second quarter and added a net of 6 stores. The total number of stores at the end of September 2024 stood at 377. The Radhakishan Damani owned company aims to add 45 stores in FY25 with the medium term band at 45-60 stores per annum. Post the update, brokerage firms have revised their views on the stock. Here’s what they said: Macquarie: Outperform| Target price: Rs 5,600 Sales growth has moderated from Q1 levels while store additions are slightly below estimates. Sequential moderation in gross margins are also expected due to a change in the product mix. Also read: HDFC Bank Q2 Update: Deposits jump 15% YoY, advances under management surge 8% Goldman Sachs: Sell| Target price: Rs 4,050 Goldman Sachs has maintained a Sell rating on Avenue Supermarts with a targe...

[hfe_template id='11223'] [ad_1] Shares of Suzlon Energy hit a 5% upper circuit for the third consecutive session, reaching a fresh 52-week high of Rs 86 in Wednesday's trade on BSE. The rally was driven by positive investor sentiment following Morgan Stanley's overweight rating on the renewable energy company. The stock saw heavy trading volumes, with nearly 13.94 crore shares changing hands on the NSE. The total traded value reached Rs 1,173.4 crore. Suzlon recently secured a significant order of 1,166 MW from NTPC Green Energy, the renewables arm of state-run NTPC. This large PSU order marks Suzlon's return to big contracts after a period of ineligibility due to its negative net worth. The order is expected to enhance Suzlon's earnings visibility for FY26-FY27, according to Morgan Stanley. As part of the contract, Suzlon will install 370 S144 wind turbines (WTGs), each with a rated capacity of 3.15 MW, to generate electricity for powering 30 lakh house...

[hfe_template id='11223'] [ad_1] Investment management firm Vanguard Group on Wednesday bought more than 11.4 million units in REIT firm Nexus Select Trust for ₹158 crore through open market transactions, while Morgan Stanley sold its stake in the company. Nexus Select Trust is India's first real estate investment trust (REIT) backed by retail properties. According to the bulk deal data available on the National Stock Exchange, the US-based Vanguard Group purchased 1,14,50,476 units, amounting to a 0.75% stake in Nexus Select Trust. The units were picked up at an average price of ₹138.42 apiece, taking the transaction value to ₹158.49 crore. Meanwhile, Morgan Stanley Asia Singapore disposed of 7.84 million units of the REIT firm at an average price of ₹138.33 per piece, taking the deal value to ₹108.47 crore.Details of other sellers of the REIT firm's units could not be ascertained.Additionally, Morgan Stanley Asia Singapore also purchased 3,003 units of Nexus Se...

[hfe_template id='11223'] [ad_1] Zomato witnessed a dozen block deals with a combined worth of Rs 635 crore on Tuesday where France's Societe Generale was the top buyer at Rs 290 crore. Other prominent buyers were Goldman Sachs Investments (Mauritius) I Limited and Morgan Stanley Asia Singapore PTE who bought Zomato shares worth Rs 21 crore and Rs 10 crore, respectively. The only seller was Motilal Oswal Mutual Fund, which sold over 2.84 crore shares at a price of Rs 226.85 per equity share amounting to Rs 646 crore. Among others were Axis Mutual Fund A/C Axis Focused 25 Fund which bought 44 lakh shares for Rs 99.81 crore. BNP Paribas Arbitrage (Rs 16.67 crore), Citigroup Global Markets Mauritius Private Limited (ODI) (Rs 31.71 crore), Matthews Asia Funds Pacific Tiger Fund (Rs 2.05 crore), Matthews Asia Institutional Funds LLC Asia Ex China Equity Series (Rs 59.91 lakh), Matthews Pacific Tiger Active ETF (Rs 1.03 crore), Matthews Pacific Tiger Fund (Rs 1.27 crore), ...