GAGA Share Market News

[hfe_template id='11223'] [ad_1] Shares of tyre manufacturer Balkrishna Industries climbed as much as 3.4% on Tuesday to Rs 2,654.90 on the BSE, after brokerage Nomura raised its rating on the stock to “buy” from “neutral,” citing promising growth prospects and attractive valuations. Nomura maintained a target price of Rs 3,242, indicating an upside potential of over 22% from current levels. Nomura said its optimism stems from the company’s strong market position in the global off-highway tyre (OHT) segment and its robust financial performance in the third quarter of FY25. On January 25, the company reported a 47% year-on-year surge in its third quarter net profit to Rs 449.5 crore, alongside a 12.6% rise in revenue to Rs 2,560.3 crore. Key drivers included demand resilience across domestic and international markets and consistent sales in agricultural, industrial, and construction vehicle tyres. The brokerage highlighted the company’s growing focus on diversification in...

[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] Hyundai Motor India, which is set to debut on the bourses today, has earned 2 positive ratings from global brokerage firms Nomura and Macquarie as they have initiated coverage on the stock with the target price going as high as Rs 2,472. The stock has earned a buy rating with a target price of Rs 2,472 from Nomura, predicting a 26% upside while Macquarie has an outperform rating on the stock with a target price of Rs 2,235, which indicates a 14% upside potential. Here is a brief note from the global brokerage firms: Nomura: Buy| Target price: Rs 2,472 Nomura has initiated coverage on Hyundai Motor with a buy rating and a target price of Rs 2,472 The company is riding on style and technology and its ongoing premiumization should drive high-quality growth. There is a long runway for the Indian car industry – current penetration at 36 cars/1,000 people. HMI is poised for healthy long-term growth due to its style and technology. Capacity expa...