JM Financial maintains ADD rating with 175 rupee target as hotel chain splits into asset-light and property ownership platforms; Warburg Pincus backs spinoff with 9.6 billion rupee commitment Lemon Tree Hotels is embarking on a transformative restructuring that could significantly enhance shareholder value over the next 12 to 15 months.Continue Reading
India’s third-largest IT services firm posts $3 billion in quarterly bookings; analysts see 13% upside as AI opportunities expand Axis Securities upgraded HCL Technologies Ltd. to buy from hold, citing robust deal wins and improving growth visibility as the IT services giant bets big on artificial intelligence to drive futureContinue Reading
India travel booking platform seen rebounding as airline disruptions ease; analysts see 29% upside to new price target JM Financial upgraded Le Travenues Technology Ltd., the operator of India’s ixigo travel booking platform, to buy from reduce, arguing the stock’s roughly 20% tumble since late November has created an attractiveContinue Reading
JM Financial and HDFC Securities maintain buy ratings on muted revenue growth, banking on accelerating AI adoption and strong deal pipeline for FY27 recovery. Tata Consultancy Services delivered a quarter that has brokerages pointing to early signs of demand recovery, with artificial intelligence services and deal momentum emerging as keyContinue Reading
Avenue Supermarts posts strong Q3 FY26 profit growth with margin expansion, but same-store sales slip to 5.6% amid deflation and competition concerns. Avenue Supermarts posted quarterly results that divided analyst attention between strong profitability and a troubling slowdown in its core business metrics. The company added stores at a steadyContinue Reading
Bengaluru-based SaaS firm to open book on Jan 14; targets ₹7,810 crore valuation despite losses Amagi Media Labs Ltd., India’s largest cloud-native broadcast technology provider, is set to launch its initial public offering on Tuesday, seeking to raise up to ₹1,789 crore ($214 million) as it rides the wave ofContinue Reading
Leading brokerages recommend ‘subscribe’ on the IPO citing strong market position, attractive valuations, and India’s growing steel demand, though caution on seasonal production risks Leading brokerages have issued positive recommendations on the Bharat Coking Coal Limited (BCCL) initial public offering, citing the company’s dominant market position, strong operational performance, andContinue Reading
Morgan Stanley Report Shows Historic Shift Away from Gold and Property; Equity Investments Triple in Five Years Indian household wealth has swelled to a record $10.1 trillion, with families dramatically reshaping their portfolios by moving money from traditional gold and real estate into stocks and mutual funds at an unprecedentedContinue Reading
Declining oil intensity, rising exports signal sustainably lower real interest rates ahead; household wealth shift accelerates India’s improving macroeconomic fundamentals are creating conditions for a structural re-rating of the country’s equity markets, with declining oil dependency, rising service exports, and stabilizing inflation setting the stage for a multi-year transformation inContinue Reading
Investment bank cites favorable valuations, growth momentum as catalysts for 13% rally by December 2026 Morgan Stanley is positive on Indian equities projecting the BSE Sensex will reach 95,000 by December 2026, a potential 13% upside from current levels, according to a strategy report released Monday that marks a significantContinue Reading
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