GAGA Share Market News

[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] Mumbai’s real estate market is seeing a notable shift towards luxury housing, with properties priced above Rs 2 crore gaining a larger share of total registrations. According to a recent report by Nuvama Institutional Equities, the share of high-value properties rose to 25% in April 2025, up from 22% in April 2024 and 19% in March 2025, signaling a clear resurgence in the premium housing segment. The report attributes this trend to increased new launches, improved city infrastructure, and a pick-up in demand for centrally located, well-connected homes—particularly in South and Central Mumbai, which saw a 1% year-on-year uptick in registration share. While the total number of housing units registered in Mumbai rose 12% YoY to 13,080 units, there was a 16% MoM decline, largely due to buyers advancing purchases to March 2025 ahead of the 3.4% hike in ready reckoner rates effective April. In value terms, the April 2025 registrations totaled R...

[hfe_template id='11223'] [ad_1] Maintaining a bullish view on the Indian defence sector, domestic brokerage firm Nuvama has initiated coverage on Hindustan Aeronautics (HAL), Bharat Dynamics Ltd (BDL) and Data Patterns, foreseeing upside potential of up to 22%, driven by strong exports and the government's push for indigenisation. Despite recent volatility from supply chain disruptions and stock price corrections, the firm believes India's defence growth story remains fundamentally transformative. The brokerage sees 2025 as a pivotal year, with large-ticket orders expected for programs like QRSAM, Sx P-75I, and the LCA Mk1A. It anticipates steady growth led by the Air Force and Navy, though it flags supply chain stability as a key variable amid ongoing geopolitical uncertainties in regions like Ukraine, the Middle East, and Asia. Nuvama notes that most private defence companies are currently trading at a premium to DPSUs due to higher earnings growth and superio...

[hfe_template id='11223'] [ad_1] The Indian market has remained volatile in April. Leading brokerage houses have recently released their views on select mid-cap and growth-oriented stocks, highlighting compelling investment opportunities backed by robust fundamentals and long-term growth prospects for the next 12 months. The recommendations reflect a mix of defensive and high-growth plays across financial services, digital advertising, and energy infrastructure. Notably, Gujarat Gas, Jana Small Finance Bank, and Affle (India) Ltd have emerged as key picks, offering attractive upside potential ranging from 19% to 34% for the next 12 months. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Motilal Oswal on Gujarat Gas: Maintain Buy rating| Target price of Rs 475| LTP Rs 399| Upside 19% Motilal Oswal has maintained a Buy rating on Gujarat Gas, setting a target price of Rs 475, implying a 19% upside from the current market pri...

[hfe_template id='11223'] [ad_1] Amid volatile market conditions, investors are grappling with where to allocate their funds as falling valuations present new opportunities. Market expert Hemang Jani advises caution when investing in brokerage firms, including BSE, citing uncertainties in their growth prospects. In his interaction with ETNow, he added that he sees asset management companies (AMCs) and wealth management firms as better investment opportunities, backed by strong mutual fund inflows and the resilience of select financial players. Jani was clear in his stance against brokerage firms, including BSE, citing concerns over market uncertainties and a lack of clarity in future growth prospects. "One should definitely stay away from pure brokerage, even BSE because of the way things are shaping up on the expiry day front, there is going to be less clarity about what sort of growth one is really looking at," he said. He emphasized the strength of AMCs, poi...

[hfe_template id='11223'] [ad_1] Domestic brokerage firm Nuvama Institutional Equities has initiated coverage on Afcons Infrastructure Ltd (AIL) with a ‘buy’ rating and a target price of Rs 535, as it believes that the company is ‘in a league of its own’. The target price given by the brokerage firm implies a 23% upside potential from current levels. The brokerage firm highlights AIL’s combination of growth and stability, strong financial management, and robust order book as key drivers for its positive outlook. Consistent growth in a cyclical industry Despite operating in an inherently cyclical sector, Afcons has been among “the handful of contractors that have been able to deliver steady growth over a long period of time.” The company’s order book and order intake increased at a CAGR of 17–18% over FY06–9MFY25, while revenue and PAT clocked CAGRs of 18% and 29%, respectively, over FY06–24. Nuvama believes this momentum will continue, projecting EBITDA and PAT to compou...

[hfe_template id='11223'] [ad_1] With India gearing up for its Union Budget on February 1, investors in ITC will be watching closely as tax policy on cigarettes takes center stage. Brokerage Nuvama Research has predicted a low likelihood of a sharp tax hike, citing recent trends and the impact of urban economic slowdown on legal cigarette volumes. The cigarette segment remains a crucial revenue driver for ITC, contributing more than four-fifths of tobacco tax revenue in India despite accounting for less than 10% of total tobacco consumption. ITC has actively countered illicit trade by introducing differentiated and premium cigarette offerings under brands such as Classic, Gold Flake, and Bristol, Nuvama noted. Nuvama Research said that a modest tax hike last year and gradual recovery in legal cigarette volumes, which grew approximately 3% year-over-year (YoY), make significant tax increases improbable for the upcoming budget. However, any potential sharp hike—exceeding 1...

[hfe_template id='11223'] [ad_1] Newly listed Swiggy shares climbed as much as 9.2% on Thursday to Rs 565.85 on the BSE, extending a results-driven rally into a second session, as the food delivery giant saw its losses during the July-September quarter narrow 5% to Rs 625.53 crore, from Rs 657 crore in the year-ago period. Buoyed by narrowing losses and robust revenue growth reflected in the financial results for the quarter ended September, Swiggy shares have rallied nearly 13% in the last two trading sessions. The company reported that its revenue from operations grew 30% year-on-year (YoY) to Rs 3,601.5 crore, up from Rs 2,763.3 crore in Q2 FY24. Quarter-on-quarter (QoQ), revenue rose 11.77%. Swiggy’s gross order value (GOV) surged 30% YoY to Rs 11,306 crore, and the platform’s monthly transacting users increased 19.2% YoY to 17.1 million, indicating steady user growth. Also read | Jane Street’s Rs 4.3 crore job offer to IIT student sheds light on options trading ineq...

[hfe_template id='11223'] [ad_1] Adani Group-owned Ambuja Cements' shares will be in focus on Monday as the company will announce its September quarter earnings later today. The cement maker is expected to report a 43%-61% year-on-year fall in its September quarter profit on lower realisations, according to estimates of a couple of brokerages. Meanwhile, revenue could see a flat to 3% decline over the corresponding quarter of the last financial year. Company's revenue is expected to be at Rs 7,215 crore in Q2FY25, falling by 3% and 13% on a YoY and QoQ basis, respectively, Nuvama Institutional Equities said in a brokerage note. The core profit after tax (PAT) is expected to be around Rs 564 crore, witnessing a 43% and 29% YoY and QoQ decline. Its Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) figures are estimated at Rs 938 crore, which is a likely 28% YoY and 27% QoQ downtick. "Volumes are expected to rise 7% YoY. Cement realisation...

[hfe_template id='11223'] [ad_1] Shares of aviation major IndiGo will be in focus today as the company will announce its second quarter results on Friday. The airline is likely to report subdued numbers with the company likely slipping back into the losses in the second quarter ended September 2024. While Kotak Equities and Motilal Oswal peg the loss for the company anywhere between Rs 236 and Rs 680 crore, Nuvama is expecting the budget airline to report a PAT of around Rs 107 crore. IndiGo had reported a net profit of Rs 189 crore in the September quarter of last year and a profit of Rs 2728 crore in the preceding June quarter. Net sales, meanwhile, are seen rising 5% year-on-year during the second quarter under review, according to an average estimate of four brokerages. Kotak Equities expects a 8% YoY change in passenger count in the quarter and lower YoY load factor at 83%. It sess RASK less CASK (excludes other income and forex) at loss of Rs 0.26 per ASK, against ...

[hfe_template id='11223'] [ad_1] Shares of two-wheeler major Bajaj Auto are expected to remain in focus ahead of the company's Q2FY25 earnings due to be announced later today. The company which is synonymous with brands like Pulsar, Avenger and Chetak is likely to report a 24%-29% year-on-year growth in its September quarter revenue led by a robust uptick in volumes and increase in the average selling price (ASP) of the vehicle, according to estimates of four brokerages. The revenue in the reporting quarter is expected in a range of Rs 13,336 crore and Rs 13,545 crore. The YoY net profit (adjusted) growth for Bajaj Auto is likely to be at 22%-24%, estimates revealed, putting the profit after tax in the range of Rs 2,246 crore and Rs 2,275 crore. The estimates taken into account are by Kotak Institutional Equities, Nuvama Institutional Equities, Yes Securities and Axis Securities. The revenue estimates are highest for Kotak Equities while lowest for Axis. As for PAT, ...

[hfe_template id='11223'] [ad_1] The sharp surge in foreign activity on May 31, the last trading day before the exit polls on June 1, has triggered a political slugfest between the Congress and the BJP with the opposition party making insider trading allegations. ET looks at the story behind the extraordinary volumes on May 31: What is the Congress party's main allegation? The party's spokespeople have alleged that stock market activity on May 31 more than doubled ahead of the exit polls the next day. The exit polls predicted a thumping victory for the BJP, resulting in the Sensex and Nifty jumping close to 3.4% each on June 3 - the biggest rally in a day since February 2021. The Congress party spokesperson has alleged that some investors - mainly foreigners - bought Indian shares in large proportions ahead of the exit polls that predicted a thumping victory for the BJP-led NDA. The party representative however said they are not aware of the identity of these inv...

[hfe_template id='11223'] [ad_1] Domestic brokerage Nuvama initiated coverage on Inox Wind and Suzlon Energy, with target prices suggesting an upside potential of 33% and 15%, respectively. Nuvama has a ‘buy’ rating and a target price of Rs 195 on Inox Wind as it believes the company is one of the only two WTG and turnkey EPC companies in India, wherein annual wind demand is reviving to more than 12GW. Inox seems to be a beneficiary of the regulatory tailwind and favourable market conditions, coupled with its order book climbing to new highs, the brokerage said. The revival of Inox is led by the spike in evening power demand (non-solar hours), catalysing renewable energy tenders to move towards RTC/wind-solar-hybrid coupled with C&I demand from industrial consumers. "Reviving macros in a duopolistic wind EPC market shall enable it to achieve OB/revenue CAGR of 44%/73% (FY24–27E)," said Nuvama.Also read: Neither Adani, Ambani or Tata! Modi stocks is the bigg...

[hfe_template id='11223'] [ad_1] Shares of PSU stock Bharat Heavy Electricals (BHEL) fell up to 8% on BSE on Wednesday to Rs 295 after the company reported an over 25% year-on-year (YoY) decline in its consolidated net profit to Rs 489.62 crore in the March quarter. Kotak Equities sees a downside to Rs 75 for the stock while other brokerages are still optimistic about the future. “BHEL’s results were weak on execution and working capital, making it a net debt company. With ordering at 3X of revenues and potentially peaked out, the focus would shift to the pace of execution and margin improvement. We see impediments to both on account of high dependence of vendors beyond BTG work. Execution is also key to working capital reduction given revised terms linked more to milestones,” said a report by Kotak Institutional Equities. The brokerage maintained a ‘sell’ call on the stock while revising the target to Rs 75. Also read: Paytm Q4 Results: Loss widens to Rs 550 crore; reve...

[hfe_template id='11223'] [ad_1] Shares of Zee Entertainment Enterprises rose nearly 3% to Rs 144.4 in Tuesday's trade on BSE after the firm reported a profit of Rs 13 crore in the March quarter of FY24, after reporting a loss of Rs 196 crore in the year-ago period. Moreover, the company's shares closed over 4% higher in a special trading session conducted on Saturday. However, sequentially the March quarter of FY24 remained muted. The company has reported a profit of Rs 58.5 crore in Q3 FY24. The company reported a total income of Rs 2,185 crore, up from Rs 2,126 crore during the same period a year ago. Its advertising revenue stood at Rs 1,110 crore as against Rs 1,006 crore in Q4 FY23. For the full year of FY24, the broadcaster's profit stood at Rs 141.4 crore crore as against Rs 47.8 crore in FY23. Revenue from its streaming platform Zee5 improved marginally in Q4 FY24 to Rs 237 crore from Rs 220 crore during the same period a year ago. In FY24, the over-...

[hfe_template id='11223'] [ad_1] Shares of Zee Entertainment rose 5% on Saturday on BSE to the day’s high of Rs 141.65 after the company on Friday reported a profit for the March quarter against loss a year ago. Zee on Friday reported a net profit of Rs 13.35 crore for the quarter ended March 2024, compared with a loss of Rs 196 crore in the same quarter of last year. The total income in the reporting quarter increased 3% year-on-year to Rs 2,185 core. ZEE has said that it will see most of the one-time higher costs towards implementing the interventions in the current quarter, offsetting underlying operating performance improvements and causing softness on margins. Also read: JSW Steel shares fall over 2% after Q4 result disappoints Here’s how brokerages view the results: Goldman Sachs The partial recovery in revenues was appreciable. However, margins remained subdued coupled with a weak EBITDA margin profile at 9.7% for the fourth quarter. Goldman has cut its fY25-27 re...

[hfe_template id='11223'] [ad_1] Shares of TVS Motor Company surged nearly 6% on Thursday on BSE to the day’s high of Rs 2,121.30 as the company reported an 18% year-on-year (YoY) increase in standalone net profit to Rs 485.43 crore for the fourth quarter ended March 31, 2024. TVS Motor Company’s revenue from operations in the quarter under review grew 24% YoY to Rs 8,169 crore as against Rs 6,605 crore registered in the quarter ended March 2023 while Overall, two-wheeler and three-wheeler sales, including exports, grew by 22% to 10.63 lakh units in the quarter ended March 2024. Here’s how brokerages view the stock post Q4 results: Jefferries The stock is scaling to new highs and the growth momentum seems to continue as India’s 2-wheeler industry is poised for strong growth while exports are also recovering, said Jefferies. The company’s margins are improving and the EPS has more than trebled in the last 3 years and is expected to more than double in the next 3 years. Je...