GAGA Share Market News

[hfe_template id='11223'] [ad_1] Shares of M&M climbed 3% to Rs 2,568 during Friday's intraday session on BSE after the global brokerage firm BofA upgraded its rating on the stock from Neutral to Buy. BofA also raised the stock's target price to Rs 3,050 from Rs 2,480, indicating an upside potential of 22% from the previous day's closing price of Rs 2,494.7 apiece. BofA Securities believes that M&M has multiple growth catalysts that will play out in the next 12-18 months. The company's core business remains steady with market share gains in the SUV segment and a potential turnaround in the tractor business, BofA stated in a note. Also Read: Modi magic! PSU stocks create Rs 7 lakh crore wealth this election season M&M's subsidiaries are expected to contribute more significantly to the company going forward. BofA highlighted the new leadership, bold growth plans, and focus on sustainability within the subsidiaries as key positives. At 11:32 ...

[hfe_template id='11223'] [ad_1] Shares of CG Power climbed over 4% to Rs 660 during Thursday's intraday trading on BSE after the global brokerage firm UBS maintained its buy rating and raised the stock's target price to Rs 850 from Rs 580. This adjustment suggests an upside potential of 34% from the previous day's closing price of Rs 631.8 apiece. The brokerage firm suggests that the company is a prudent capital allocator and timely fund allocation will drive the bottomline in the coming quarters. Furthermore, medium-term demand drivers are in place on the back of robust capital allocation. "The company possesses best-in-class profitability and significant option value," UBS said in a note. UBS also highlighted a lack of consensus on the potential for faster revenue ramp-up and better margins. They emphasised key value drivers over the next 12-24 months and urged a closer examination of critical variables. Also Read: Looking for stocks to buy befor...

[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 rail company Jupiter Wagons today rallied up to 10% to hit a fresh 52-week high of Rs 448.85 on reporting yet another robust set of results in the March quarter where revenue/EBITDA/PAT saw a strong growth of 57%/60%/167% YoY led by higher volume growth and better margin. Domestic brokerage firm Systematix raised the target price to Rs 535 from earlier Rs 474 saying that the company is now completely integrated with a series of backward integration, superior margins, entry into high growth e-LCV market, and strong industry tailwinds. The company manufactured the highest-ever 2,520 wagons during the quarter, a whopping 64.5% YoY/31% QoQ growth which corresponds to a run rate of 840 wagons/month. ALSO READ | L&T shares fall 6% as brokerages cut target prices after Q4 results. Should you buy or sell? "As a result, revenue increased sharply by 57% YoY/+25% QoQ to ₹11.1 bn. This was further bolstered by a 35% growth in CV bo...

[hfe_template id='11223'] [ad_1] Shares of Titagarh Rail Systems jumped nearly 9% to Rs 1,124 in Tuesday’s trade on BSE after the global brokerage firm Morgan Stanley initiated coverage on the stock with an 'Overweight' rating and a target price of Rs 1,285, which indicates an upside potential of 24% from the previous day's closing price of Rs 1,034.7. The brokerage firm affirmed its observation of a strong resurgence in India's railways and expressed confidence in Titagarh being a major beneficiary of it. Morgan Stanley views freight as a substantial revenue driver for Titagarh while recognising the passenger business as a promising avenue for growth. It anticipates a strong 28% earnings compound annual growth rate (CAGR) over FY 24-27. Considering a valuation of 35x FY26 PE, Morgan Stanley believes it's reasonable, given the company's strong earnings visibility and improving return ratios. Also Read: Election Jitters? Why stock market's fear...