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The Economic Times

TCS, other IT stocks tumble up to 5% ahead of Fed meeting outcome

According to domestic brokerage firm JM Financial, the confirmed rate cut could affect the IT sector in three ways: by increasing stock values through a reduced cost of equity, boosting discretionary demand due to economic recovery, and enabling higher operational expenses due to lower interest burdens on companies

The Economic Times

Buy Wipro, target price Rs 620: JM Financial

Wipro Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 280075.29 Crore) operating in IT Software sector.

The Economic Times

Buy Infosys, target price Rs 2010: JM Financial

Infosys Ltd. key Products/Revenue Segments include Software Products and Software Development Charges for the year ending 31-Mar-2024.

Business Line

Broker’s Call: SBI Cards (Reduce)

JM Financial

The Economic Times

This small cap defence stock has an upside potential of 21%, suggests JM Financial

JM Financial has initiated coverage on ideaForge Technology with a target price of Rs 845, citing its strong technology and global expansion plans. The stock shows a potential 21% upside.

The Economic Times

Buy Persistent Systems, target price Rs 6030: JM Financial

Persistent Systems Ltd. key Products/Revenue Segments include Software Services and Software Licence for the year ending 31-Mar-2024.

Business Line

Broker’s call: Persistent Systems (Buy)

JM Financial

The Economic Times

Persistent growth momentum to continue as JM Financial sees 13% upside potential

JM Financial forecasts a 13.4% upside for Persistent Systems (PSYS) with a target price of Rs 6,030, citing strong deal wins and stable revenue momentum. Expected to achieve a 15.5% EBIT margin by FY25, PSYS shows promising medium-term growth.

Mint

PCBL stock records 50% gain in August, biggest monthly gain in 14 years. More rally ahead?

PCBL's stock has surged by 50% in August and 5,000% over the last decade. Analysts are positive due to diversification into nano silicon and specialty chemicals. JM Financial projects significant future growth, raising the target price to ₹635.

Mint

DOMS Industries shares double investors' money this year; use corrections to buy the stock, suggest analyst

DOMS Industries share price have surged 219% since their IPO, reaching ₹2,495 on BSE. The company reported a 17.3% revenue increase and a 49.5% PAT rise in Q1FY25. JM Financial recommends buying with a target price of ₹2,750.

Business Line

Broker’s call: PCBL (Buy)

JM Financial

Business Standard

JM Financial says 'Buy' PCBL for 27% upside, lifts target price; details

On the bourses, the PCBL shares were trading 1.68 per cent lower at Rs 475.45 per share, at 10:40 AM. In comparison, BSE Sensex was trading with slight (0.05 per cent) gains at 81,742.85 levels.

The Economic Times

JM Financial initiates coverage on 5 real estate stocks, expects ‘home-run’ to continue

FY24 marked a record-breaking year for residential real estate absorption, with pan-India sales surpassing the billion square feet milestone. Since FY21, pre-sales in the top seven markets have consistently outpaced new launches, significantly reducing inventory levels to just 11 months.

Business Standard

JM Financial initiates coverage on real estate; bets on THESE 5 stocks

JM Financial on real estate stocks: Driven by an exceptional performance in financial year 2023-24 (FY24), brokerage firm JM Financial has initiated coverage of the real estate sector

Business Standard

JM Financial Private Equity invests Rs 40 crore in spice brand Zoff

Zoff, founded by brothers Akash Agrawal and Ashish Agrawal, has achieved a 40 per cent compound annual growth rate (CAGR) over the past four years, leveraging e-commerce platforms, they said

Business Standard

JM Financial PE invests Rs 40 crore in Zoff to boost brand building efforts

JM Financial Private Equity through its arm JM Financial India Growth Fund III on Wednesday invested Rs 40 crore in Asquare Foods and Beverages, the parent company of the direct-to-consumer spice brand Zoff. The fresh capital infusion from JM Financial Private Equity will be used to strengthen brand-building efforts, enhance the existing production capacities, and bolster the company's offline distribution network, the company said statement. "We strongly believe that Zoff can emerge as one of the leading spices brands in the future," Darius Pandole, Managing Director & CEO of Private Equity & Equity AIFs at JM Financial said. Zoff was founded by brothers Akash and Ashish Agrawal. JM Financial Private Equity, part of the JM Financial Group, manages several funds that focus on providing growth capital to high-potential Indian companies. **** Servotech to install 12 EV charging stations in Kerala Servotech Power Systems Ltd on Wednesday said it will install 12 EV charging ...

Business Line

Broker’s call: Titan Co (Buy)

JM Financial

Mint

ONGC, Oil India share price: Analysts positive as Brent crude price sustains above $80 level, likely to remain firm

Stock Picks: ONGC's share price has risen 94% in a year while Oil India has given multi-bagger returns of 263% a year. Analysts expect firm crude prices supported by demand-supply mismatch. JM Financial has maintained buy ratings on these stocks.

Business Line

Broker’s call: Muthoot Microfin (Buy)

JM Financial

The Economic Times

JM Financial cuts Zomato's target price by 8% on ESOP costs

JM Financial has lowered Zomato's target price to Rs 230 from Rs 250, noting that ESOP costs are no longer considered one-off expenses following the approval of a new policy. The formulation of this policy indicates that ESOP costs will be treated as regular business expenses, expected to recur.