JM Financial keeps target price unchanged at Rs 2,900 as asset manager beats estimates with 4% PAT surprise JM Financial Institutional Securities has maintained its ADD rating on HDFC Asset Management Company (HDFC AMC) with an unchanged price target of Rs 2,900, following a robust third-quarter performance that saw the company beat profit estimates despite … Read more
JM Financial raises price target to Rs 1,930, maintains BUY rating on expectations of accelerating growth JM Financial Institutional Securities has upgraded its price target for Infosys Ltd. to Rs 1,930 from Rs 1,890, maintaining its BUY rating on the IT services giant following better-than-expected third-quarter results and positive management commentary on future growth prospects. … Read more
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. The company’s board has approved … Read more
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 future revenue. The brokerage raised its … Read more
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 attractive entry point for long-term investors. … Read more
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 key themes for investors tracking the … Read more
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 steady clip to generate headline revenue … Read more