With expectations of a tariff hike soon after Jio's IPO, Motilal Oswal Financial Services expects strong earnings delivery, which could also lead to potential multiple re-rating for Bharti and JPL.
On the bourses, shares of sugar-producing companies tumbled as much as 6 per cent, leaving investors concerned about the impact of the latest move on growth.
Ambit Capital has initiated coverage on Dhoot Transmission with a 'Buy' rating and a target price of ₹1,598, implying an upside of around 14 per cent from the previous close of ₹1,404.
Titan share price rises 5 per cent in two days as FY30 roadmap boosts analysts' confidence. Brokerages see market share gains, CaratLane growth, and international expansion driving revenue growth
EMS received the lowest bidder (L-1) status from UP Jal Nigam (Urban), Varanasi, for the construction of sewer networks and house connections in four wards of Nagar Nigam, Varanasi
The northward movement in the company's share price came after it informed the exchanges that it had executed a share purchase agreement (SPA) with Juniper Hospitality Assets Private Limited (JHAPL)
According to NSE, Aditya Birla Sunlife Mutual Fund has purchased 2.1 million shares of Digit General Insurance, while JPMorgan (Taiwan) Eastern Technology Fund also acquired 1.1 million shares.
The buying on the counter came after on Thursday, Goldman Sachs bought more than 1.13 crore shares of Groww, from venture capital firm Friale for ₹210 crore
Sai's management reiterated long-term guidance of 15-20 per cent revenue CAGR with 28-30 per cent steady state EBITDA margin over the next two to three years.
In the past month, Vodafone Idea's stock price has outperformed the market by soaring 41 per cent, compared to a 3.2 per cent decline in the BSE Sensex.
At 11:29 AM on Friday, the BSE India Defence index was the top gainer among thematic indices up 1 per cent as compared to 0.11 per cent rise in the BSE Sensex.
LIC stake in Rajesh Exports: LIC shares traded under pressure today following developments related to Rajesh Exports, in which the insurer holds a 10.8 per cent stake.
In Q4, Tech Mahindra recorded a net profit of ₹1,353.8 crore, up 16 per cent from ₹1,166.7 crore a year ago. On a sequential basis, profit was up 20.6 per cent.
Firstsource Solutions shares surged over 15% on heavy volumes today amid an IT rebound. Here's what's driving the rally: Q4 expectations and analyst views on stock outlook
