GAGA Share Market News

[hfe_template id='11223'] [ad_1] The age-old stock market cliche of 'sell in May and go away' has proven true this year, thanks to general election related uncertainties. The bleak mood was reflected in the volatility index, which shot up as much as 87% during the last one month. The concerns over ruling Bharatiya Janata Party (BJP) not winning a thumping majority of over 400 seats weighed on investors' sentiments including the foreign investors, who dumped equities worth over Rs 43,000 crore in the month. DIIs, on the other hand, were unwavered and pumped in around Rs 53,000 crore into equities during the same period. Benchmark Sensex shed 0.8% during May and the broader Nifty lost over 0.5%. The broader market, on the other hand, has seen mixed trends with smallcaps witnessing sharper cuts, while investors kept buying midcap stocks. The BSE Smallcap index was down about 0.86% in the reporting month, but in contrast, the Midcap index gained 1.7%. In the BSE5...

[hfe_template id='11223'] [ad_1] Brokerage JPMorgan maintained an overweight rating on SBI and Macquarie upgraded Escorts to outperform. CLSA downgraded Sula to underperform while maintaining a sell on Asian Paints post Q4 results. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: JPMorgan on SBI: Overweight| Target Rs 1000 JPMorgan maintained an overweight rating on SBI but raised the target price to Rs 1000 from Rs 725 earlier. The FY24 print shows that the growth and the return on equity (ROE) gap to private banks has closed out. The global investment bank expects a similar dynamic to sustain this year as well.Positioning is enviable with a growth pick-up in corporate loans, low pressure on opex, and a favourable asset quality environment.Despite potentially lower recovery income in FY25, we think the bank can continue to print 1%+ ROA. CLSA on Sula: Underperform| Target Rs 515 CLSA downgraded Sula to underperform from a...

[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...