GAGA Share Market News

[hfe_template id='11223'] [ad_1] Global brokerage firm HSBC has lowered its target price on Zomato (Eternal) and Swiggy, citing sustained intense competition in the quick commerce (Q-Comm) industry. In a note, HSBC said Gross Order Value (GOV) growth in the Q-Comm space will remain a key focus for investors in the near term, as players face persistent pricing and delivery pressures. It also pointed out that consensus expectations for food growth have now been lowered to 12–15%. HSBC maintained a 'Buy' rating on Zomato but cut its target price to Rs 280 from Rs 315. For Swiggy, it retained a 'Hold' rating and reduced the target to Rs 385 from Rs 460. Meanwhile, in early trade on Friday, shares of both companies rose in line with the broader market rally. Zomato jumped over 3% to Rs 218.2, while Swiggy gained 2.3% to Rs 347.5. Also Read: Sensex surges 1,400 pts, Nifty tops 22,800 as investors cheer US tariff reprieve Live Events Zomato shares also reacted ...

[hfe_template id='11223'] [ad_1] KEC International shares will be in focus on Monday after the company secured new orders worth Rs 1,267 crore, taking its total year-to-date order intake to Rs 23,300 crore. The global infrastructure EPC major has won contracts across various businesses. According to a regulatory filing dated March 15, KEC has received orders for supplying various types of cables and conductors in India and abroad. It has also secured Notification of Awards (NOAs) and a comfort letter for transmission and distribution (T&D) projects, including 800 kV HVDC and 765 kV transmission line orders from Power Grid Corporation of India (PGCIL) and the supply of towers, hardware, and poles in the Americas. Vimal Kejriwal, MD & CEO, KEC International Ltd, said, “We are delighted with the substantial orders secured in our T&D business, particularly in the prestigious HVDC and 765 kV segments from PGCIL for green energy evacuation.” “These wins have furthe...

[hfe_template id='11223'] [ad_1] Global brokerage firm Jefferies has reaffirmed its 'buy' rating on Polycab India but has revised its target price downwards to Rs 6,485 from the previous Rs 7,700. The brokerage firm believes that UltraTech Cement's recent foray into the cables and wires (C&W) segment is not expected to pose a significant threat to Polycab until at least 2027. Additionally, the brokerage firm’s current target price still indicates an upside potential of 40% from its closing price of Rs 4,710.65 on the BSE. Jefferies has rationalized Polycab's target Price-to-Earnings (PE) multiple by 15%, bringing it to 32x now. This adjustment comes despite the brokerage acknowledging Polycab's strong market leadership with a 25% share of the organized market. The note, however, highlights potential risks for Polycab, including increased competition and a possible slowdown in demand. However, Jefferies also points to the burgeoning opportunity in ...

[hfe_template id='11223'] [ad_1] We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Synopsis Brokerage firms remain optimistic about Dalmia Bharat, KEI Industries, and Paytm despite sectoral challenges. Jefferies targets 17% upside for Dalmia Bharat, UBS sees 42% upside for KEI, and CITI expects 17% upside for Paytm, focusing on growth and market potential. Leading brokerage firms have shared their latest views on Dalmia Bharat Ltd, KEI Industries Ltd, and Paytm, maintaining a positive outlook on these companies despite sectoral challenges and recent market dynamics.While Jefferies and UBS highlight opportunities in the cement and industrial cable sectors, respectively, CITI underscores Paytm's strategic pivot towards growth and monetization.We have collated a list of recommendations from top ETMarkets.com Jan 22, 2025, 09:39:00 AM IST Gift A Story Share member-only stories with your friends or family and help them read ...

[hfe_template id='11223'] [ad_1] Following the third quarter results of One97 Communications-held Paytm, global brokerage firm Macquarie has maintained its ‘Underperform’ rating on the stock with a target price of Rs 730. This signals a downside potential of nearly 19% from the stock’s closing price on Monday. The brokerage firm noted that the company delivered strong results across all fronts, with losses declining more than expected. This positive performance was driven by higher revenue and lower employee stock ownership plan (ESOP) costs. Macquarie also highlighted a strong increase in the company’s gross merchandise value (GMV) and continued improvement in operating leverage. The brokerage firm believes there is an upside risk to Paytm's distribution revenue given the potential for higher take rates, according to its note. For the third quarter ended December 2024, the fintech major reported that its consolidated loss narrowed to Rs 208.3 crore, compared to Rs 2...

[hfe_template id='11223'] [ad_1] Shares of Asia's oldest stock exchange, BSE Ltd, surged 4.9% on Tuesday to Rs 5,408.95 on the National Stock Exchange (NSE) after brokerage firm Jefferies upgraded its rating on the bourse to ‘hold’ from ‘underweight’ and significantly increased the target price to Rs 5,250 from Rs 3,500 earlier. The upgrade reflects Jefferies' optimism about potential earnings upgrades for BSE Ltd, despite the adverse impact of recent measures by the Securities and Exchange Board of India (Sebi) on the derivatives market. According to Jefferies, Sebi's new futures and options (F&O) rules, which mandate larger lot sizes, initially caused a sharp 70% drop in options contract volumes. However, the decline in premiums has been less severe than expected, falling by less than 10% month-to-date in January against the firm’s anticipated 25% decline, the brokerage noted. Jefferies said that while the measures have pressured discount brokers, whose...

[hfe_template id='11223'] [ad_1] Shares of power financiers PFC and REC surged up to 4.5% in an early trade on the BSE today, January 14, after domestic brokerage firm ICICI Securities initiated coverage on the stocks, issuing "Buy" ratings for both with a target price of Rs 550 for PFC and Rs 600 for REC. Following this, PFC shares rallied 4.4% to their day’s high of Rs 406.40, while the shares of REC surged by 3.65% to an intraday high of Rs 462.65 on the BSE. The report highlights a substantial Rs 43 lakh crore pipeline for power generation and transmission projects as a key growth driver for these financiers. This pipeline represents significant lending opportunities for PFC and REC. ICICI Securities, in its note also identified energy transition funding as a crucial catalyst for growth in the sector. As India moves towards renewable energy sources, the need for financing in this area is expected to increase, which is likely to benefit these companies. Both...

[hfe_template id='11223'] [ad_1] Foreseeing Varun Beverages (VBL), PepsiCo's largest franchise bottler in India, set for outperformance, domestic brokerage firm Antique Broking has given a target price of Rs 710 on the stock while retaining their ‘buy’ rating on the same. This represents an upside of nearly 10% for the stock from its previous closing price. “We believe growth in emerging categories of energy drinks and dairy products combined with capacity expansion will support volume and margin expansion. Venturing into new geographies and categories of snacks will further aid in margin expansion,” said Antique in its report. The domestic brokerage firm believes that VBL is poised for significant growth, driven by strategic acquisitions in Africa and a strengthened financial position and its recent announcement of three acquisitions, coupled with a successful QIP, reinforces its expansion strategy and sets the stage for robust financial performance. VBL has acquire...

[hfe_template id='11223'] [ad_1] Shares of Sagility India soared by 5% to hit the upper circuit of Rs 48.91 on the BSE after the global brokerage firm JPMorgan initiated coverage on the stock with an "Overweight" rating and a target price of Rs 54. The target price indicates a potential for 16% upside in the stock from its closing price on Monday. The brokerage highlighted Sagility's strong positioning in the niche healthcare services segment, catering largely to non-discretionary spending, which provides a stable growth outlook even in uncertain market conditions. JPMorgan emphasized that Sagility is well-placed to benefit from secular tailwinds, particularly due to the increasing trend of outsourcing in the US healthcare sector. As healthcare providers look to reduce costs and enhance efficiency, Sagility’s offerings have become critical, cementing its role as a dependable outsourcing partner. “The company’s deep domain expertise and longstanding client r...

[hfe_template id='11223'] [ad_1] Shares of food-delivery company Swiggy surged 1.7% to their day’s high of Rs 587.30 on the BSE as the global brokerage firm JP Morgan has initiated coverage on the stock with an ‘overweight’ rating and a target price of Rs 730. This indicates an upside potential of 26.5% for the stock from the current levels. The global brokerage firm has highlighted Swiggy’s position as a "dark horse" in India's local services landscape and sees a significant growth potential for Swiggy, emphasizing the company's renewed focus and improved execution in both food delivery (FD) and quick commerce (QC). JPMorgan projects that Swiggy will achieve critical scale across its core businesses, outperforming its peers in profitability expansion between FY25 and FY28. This confidence stems from Swiggy’s ability to enhance operational efficiency while driving robust growth in its key segments. It has also been noted that Swiggy currently trades at ...

[hfe_template id='11223'] [ad_1] Shares of Piramal Pharma soared 8.3% to their day’s high of Rs 272 on the BSE after the domestic brokerage firm JM Financial initiated coverage on the healthcare sector, citing the stock as its preferred pick with a target price of Rs 340. The target price stated by the domestic brokerage firm signals an upside potential of 35% for the stock from Monday’s closing price. “Piramal Pharma's differentiated offerings, global manufacturing presence and end-to-end capabilities set it apart from listed Indian CDMO peers. This will help it capitalise on the ongoing industry expansion,” said JM Financial in its report stating that the company’s CDMO business, its largest revenue segment, is the key to its outperformance. Piramal's CDMO business stands out among Indian peers with a 30:70 mix of CRO and CDMO, a global manufacturing presence across the US, UK, and India, and commercial capabilities spanning intermediates, APIs, and formulation...

[hfe_template id='11223'] [ad_1] Oberoi Realty shares surged as much as 6.3% on Monday to a record high of Rs 2,250.65 on BSE after brokerage firm Axis Securities initiated coverage on the real estate developer with a 'buy' rating, at a target price of Rs 2,560, implying an upside of about 14% from current levels. The brokerage said that its recommendation is underpinned by the company’s strong positioning in Mumbai’s luxury real estate market, a growing annuity income stream, strategic geographic expansion, and solid financial fundamentals. Axis Capital said it also likes the company's robust annuity scale-up, entry into new key markets, and low leverage with strong cash flows. Oberoi has a substantial leasing portfolio in marquee locations, with occupancy levels exceeding 90%, the brokerage said, adding that the EBITDA margins for its current projects are consistently above 90%. Oberoi is targeting Rs 1,000 crore in annual exit rentals from its commercial p...

[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...