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Mint

PI Industries Stock Check: Axis Securities says hold the stock; here's why

Stock Check: PI Industries received a 'hold' rating from Axis Securities, targeting ₹4,980, a 7% rise from ₹4,668.50. The firm focuses on new product development and operational efficiency to drive revenue growth amid current market conditions.

Business Standard

Shadow lender IIFL Finance faces rating downgrade risk on gold loan ban

IIFL fell under regulatory scrutiny in March amid a crackdown on financial firms, when it was asked by RBI to stop disbursing new gold-backed lending following 'material supervisory concerns'

Business Standard

Shadow lender IIFL Finance faces rating downgrade risk on gold loan ban

IIFL fell under regulatory scrutiny in March amid a crackdown on financial firms, when it was asked by RBI to stop disbursing new gold-backed lending following 'material supervisory concerns'

Mint

Saksoft soars 190% in 2 years, 1,000% in 4 years; Monarch sees 60% more upside for this small-cap IT stock

Monarch Networth Capital has initiated coverage on the stock with a ‘buy’ rating and set a target price of ₹435 apiece. Under the bull case scenario, the brokerage set an even bigger target price of ₹475, reflecting an upside rally of 60%.

CNBC TV18

Vodafone Idea shares fall below FPO price — How much would an AGR relief benefitted the stock

Out of the 22 analysts that have coverage on Vodafone Idea, 13 of them have a "sell" rating on the stock, four of them have a "buy" rating, while five of them have a "hold" recommendation.

CNBC TV18

Indus Towers shares in 10% lower circuit: How does the Vodafone Idea setback impact the company

In a note on September 6, global brokerage firm Goldman Sachs had downgraded Indus Towers to 'Sell' from its earlier rating of 'Neutral' citing that the re-rating for the stock is 'overdone'.

CNBC TV18

HCL Tech shares are too hot to hold, says this analyst

HCL Technologies shares are among the best Nifty IT performers this year. That also makes it fully valued, according to analysts at Kotak Institutional Equities who have cut the rating to 'reduce'.

Mint

ICICI Securities sees 42% upside in Delhivery, recommends ‘buy’—key reasons why

Domestic brokerage firm ICICI Securities has maintained its 'buy' rating with a target price of ₹600 apiece, indicating a potential upside of 42% from the latest closing price.

Business Standard

CARE Ratings reaffirms NCC's 'AA-' rating with 'stable' outlook

NCC said that CARE Ratings has reaffirmed its rating on the long-term bank facilities of the company at 'CARE AA-' with 'stable' outlook.

Mint

Emcure Pharma share price jumps over 5% to 52-week high as Kotak initiates coverage with ‘Add’ rating; sees 11% upside

Emcure Pharma stock price is up more than 19% from its listing price and over 56% from its IPO price. The pharma stock has risen over 7% in one week and more than 21% in one month.

The Economic Times

BSE shares rally 14% to hit fresh record high as NSE IPO rumours gain ground

BSE Share Price: BSE shares surged 14% to a 52-week high amid optimism surrounding NSE's potential IPO, following a recent regulatory relief in the co-location scam. Analysts see this as a re-rating catalyst.

Mint

Mid-cap Stock: Responsive Industries expects strong growth due to India's infrastructure plans; Ventura sees 48% upside

Responsive Industries expects significant growth due to India's infrastructure plans, with Ventura Securities initiating a buy rating and a target price of ₹436, indicating a potential 48% upside. The company is positioned to supply PVC membranes for 75 tunnel projects funded by ₹1 lakh crore.

Business Line

Vaibhav Global stock dips after credit rating upgrade

E-tailer Vaibhav Global bags credit rating upgrade for improved financial performance

The Economic Times

Hot stocks: Brokerage view on Bajaj Auto, Emcure Pharma, LTIMindtree and Bajaj Finance

CLSA maintains an underperform rating on Bajaj Auto with a target price of Rs 7,000. The recent launch of entry-level motorcycles by Bajaj and Triumph, particularly the Speed T4, is seen as promising. However, caution is warranted due to rising competition in the premium segment, moderated growth in the over-250cc category, and ongoing pressure in key export markets.

Mint

Ahluwalia Contracts gets an upgrade from Axis Securities; 3 reasons why the brokerage is bullish on the stock

Ahluwalia Contracts India has a robust order book of ₹16,846 crore, ensuring strong revenue growth for the next 3-4 years. Axis Securities upgraded the stock rating to 'buy' due to positive government infrastructure focus and anticipated high double-digit growth in FY25 and FY26.

Mint

Can Bata India give its competitor Metro Brands a run for its money?

Bata has aggressively reinvested in enhancing its store network and customer experience. In doing so, it continues to trail Metro Brands in both operating margins and debt. Is it time for Bata to have Metro Brands-like re-rating?

Mint

MGL, IGL shares jump 6% each after UBS lifts target price, expects over 30% upside

UBS has upgraded the rating on IGL to 'buy' from the previous rating of 'sell' and also lifted its target price from ₹400 to ₹700. Similarly, it has increased the target price for Mahanagar Gas from ₹1,600 to ₹2,400 per share.

CNBC TV18

Investec initiates ‘buy’ rating on Adani Green, expects stock to rally 30%

Investec is of the view that Adani Green is poised to clock five times growth in its installed capacity to over 50GW by FY30, replicating its historical growth rate of 5x to 11GW over FY19-24.

CNBC TV18

Bajaj Housing Finance shares will surge to 3x their IPO price, says analyst with first 'buy' rating

Bajaj Housing Finance became the fourth best listing of 2024, behind BLS E-Services, Premier Energies and Unicommerce e-solutions, when it listed on the bourses on Monday at a 114% premium to its IPO price.

Mint

Stock Check: Kajaria Ceramics is on a sweet spot amid real-estate revival, says Nuvama; sets record high target price

Stock Check: Nuvama Institutional Equities retains a 'buy' rating on Kajaria Ceramics, raising the target price to ₹1,754. The brokerage anticipates 10–12% volume growth in FY25E, driven by real estate recovery, with projected revenues of ₹6.75 billion from bathware by FY27.

The Economic Times

Missed the Bajaj Housing multibagger bus in IPO? Here's what you can do now

Bajaj Housing Finance IPO: The Bajaj Housing Finance IPO, which saw a multibagger listing with a 114% premium, has created a FOMO among investors. Analysts advise caution due to high valuations, suggesting profit booking for short-term gains while recommending long-term holding for potential growth. The IPO's success may lead to a re-rating of private NBFCs in the market.

Business Standard

CARE Ratings reaffirms ratings of Divi's Labs with 'stable' outlook

Divi's Laboratories said that CARE Ratings has reaffirmed the company's long-term rating at 'CARE AA+' with 'stable' outlook.

CNBC TV18

Arkade Developers IPO opens for subscription: Should you bid?

Analysts mostly have a 'Subscribe' rating on Arkade Developers' IPO, as the issue is available at reasonable valuation which appears less than peers.

The Economic Times

Hot stocks: Brokerage view on HUL, Axis Bank, Macrotech Developers, Hero Motocorp

Brokerage firms BofA and Nomura have given buy ratings to HUL and Macrotech Developers, respectively. CLSA has an outperform rating on Axis Bank, while UBS has a sell view on Hero Motocorp. These recommendations highlight potential growth areas and strategic focuses for each company.

Business Standard

ICRA ESG Ratings gives its first rating to InCred Financial Services

ICRA ESG Ratings Limited has assigned its first Environmental, Social, and Governance (ESG) rating to InCred Financial Services, a non-banking financial company. ICRA ESG received registration as a Category-I ESG Rating Provider (ERP) from the Securities and Exchange Board of India (SEBI) earlier this fiscal. ICRA ESG was formerly known as Pragati Development Consulting Services Limited (PDCSL). "InCred Financial Services Limited, a Non-Banking Financial Company (NBFC) focused on personal loans, student loans, and business loans, has been assigned a rating of [ICRA ESG] Impact 57, Moderate," said ICRA ESG Ratings Limited (ICRA ESG), a wholly-owned subsidiary of ICRA, in a release. It further said the ICRA ESG-assigned ratings help investors assess the non-financial risks and opportunities associated with entities and facilitate making better investment decisions, paving the way for a more sustainable and responsible investment landscape. These ratings also help the rated entity gai

The Economic Times

Hospital stocks’ growth outlook positive: HSBC

HSBC has given a 'buy' rating to Krishna Institute of Medical Sciences and Apollo Hospitals, while assigning a 'reduce' rating to Global Health and Narayana Hrudayalaya. The brokerage sees a positive growth outlook for the hospital sector due to rising demand for quality healthcare, with several hospitals planning significant bed additions in the coming years.

The Economic Times

Biocon Biologics is planning to raise $950 million through overseas bonds

Biocon Biologics plans to raise $950 million through overseas bond sales to refinance a significant portion of its $1.2-billion debt from acquiring Viatris Inc.'s biosimilars business. The company has already prepaid $250 million and is exploring ways to reduce finance costs. The bond's rating will determine its pricing.

Business Standard

Punjab National Bank receives ratings action from India Ratings

Long Term Issuer Rating - IND AAA/Stable (Affirmed) Additional Tier (AT1) Bonds - IND AA+/Stable (Affirmed) Fixed Deposits - IND AAA/Stable (Affirmed) Basel Ill Tier II Bonds - IND AAA/Stable (Affirmed) Senior Infrastructure Bonds - IND AAA/Stable (Affirmed) Senior Infrastructure Bonds - IND AAA/Stable (Assigned) Certificate of Deposit (CDs) - IND A1+ (Affirmed)

Business Standard

SBI's cost to income ratio to dip to 54-55% in two years, says S&P

Agency affirms bank's 'BBB-/positive' issuer rating

The Economic Times

Bernstein hikes Zomato target price, projects 16% upside amid quick-commerce boom

Brokerage firm Bernstein has upheld its 'Outperform' rating on Zomato and adjusted its target price to Rs 330, indicating a potential increase of 16% from the previous day's closing price of Rs 283.9. The firm attributes this revised outlook to the rapid expansion of the quick commerce (QC) sector. Bernstein notes that initial assumptions about QC—such as its focus on small 'top-up' orders, its appeal being limited to metropolitan areas, and its catering mainly to affluent consumers—have been consistently updated each quarter.

Mint

Ambit sees 11.5% downside in Ola Electric Mobility as stock falls 28% from peak, reiterates ‘sell’ call—key reasons why

Ola Electric's stock has faced challenges post its August debut, dropping over 28 percent from its peak. Ambit initiated a 'sell' rating, citing competition and financial losses as key concerns. Despite growth prospects, market share is expected to decline, raising investor apprehensions.

Business Standard

Domestic steel consumption likely to see 9-10% growth in FY25: ICRA

Domestic steel consumption is likely to witness 9-10 per cent growth this financial year, rating agency ICRA said on Thursday. The demand for steel was robust in the first quarter of the ongoing financial year with consumption growing at a rate of 15 per cent on a year-on-year basis amidst competitively priced imports. "ICRA projects the domestic steel consumption growth at a healthy 9-10 per cent in FY2025," the rating agency said in a statement. Demand may record some sequential slowdown in the current quarter as it is seasonality associated with monsoon, following which government capex may display a back-ended pick up. "ICRA expects the industry to witness capacity utilisation at a decadal high of 88 per cent in spite of an all-time-high capacity addition of 15.6 MTPA (million tonnes per annum) in FY2025 as well as the surge in imports," the rating agency said. For the last three years, the steel sector is going through the fastest period of growth witnessed since the global .

The Economic Times

Suzlon Energy shares hit 5% upper circuit for 3rd consecutive day, reach new 52-week high; here's why

Suzlon Energy Share Price: Shares of Suzlon Energy hit the 5% upper circuit limit for the third consecutive session, reaching a new 52-week high of Rs 86 during Wednesday's trade on the BSE. This rally was fueled by positive investor sentiment following Morgan Stanley’s overweight rating on the renewable energy company. The stock experienced high trading volumes, with nearly 13.94 crore shares traded on the NSE, amounting to a total value of Rs 1,173.4 crore.

The Economic Times

Zomato shares zoom 4% to fresh all-time high as UBS reaffirms buy rating

Zomato Share Price: Shares of Zomato surged 4% to a new high of Rs 283.60 after UBS maintained a buy rating with a target price of Rs 320. The growth optimism follows Zomato's acquisition of Paytm's ticketing business and positive outlooks from Jefferies and JP Morgan. The stock has risen 15.6% over six days.

CNBC TV18

Zomato shares hit all-time high even as analyst says firm trailed Swiggy in August order growth

UBS has given Zomato a buy rating with a target price of ₹320, implying a potential upside of 17.5% from the closing price of September 11.

The Economic Times

Tata Motors shares fall below 50-DMA. What should investors do?

Tata Motors Share Price: The company's stock price dropped following its decision to reduce prices on its electric vehicles and popular cars by up to Rs 2.05 lakh, suggesting concerns about its growth potential. The decline was further exacerbated by a 'sell' rating and a target price of Rs 825 issued by global brokerage firm UBS.

Business Standard

State Bank of India receives ratings action from CRISIL

CRISIL Ratings has also withdrawn its rating on Tier I bonds of Rs 3104.8 crore (See 'Annexure - Details of Rating Withdrawn' for details) in line with its withdrawal policy. CRISIL Ratings has received independent verification that these instruments are fully redeemed.

Business Standard

Entero Healthcare soars after India Ratings upgrades rating to 'A-'

Entero Healthcare Solutions surged 6.07% to Rs 1488 after India Ratings and Research upgraded the company's long-term issuer rating to 'IND A-' from 'IND BBB' with 'stable' outlook.

Mint

Jefferies sees over 26% upside in Axis Bank, reiterates 'buy' call — key reasons why

Jefferies maintains a ‘buy’ rating on Axis Bank with a target price of ₹1,500, indicating over 26 percent upside. The bank's conservative provisioning policy on unsecured loans and effective cost management are expected to stabilise credit costs and strengthen its deposit franchise.

Business Standard

Zomato rallies 5% to hit record high; stock has zoomed 127% so far this yr

Last week, JP Morgan maintained an overweight rating on Zomato, with a target price of Rs 340 per share.