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 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

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

JM Financial analysts initiate coverage with REDUCE rating as India’s value commerce champion trades at premium valuations post-IPO JM Financial just dropped their first report on Meesho after the company’s December 2025 listing, and the thesis is fascinating: Meesho has built something genuinely important for Indian e-commerce, but the stockContinue Reading

Indian equity markets have entered the new year on a high and an slippery footing, unsettled less by domestic weakness and more by renewed turbulence in global trade policy. The latest bout of volatility on Dalal Street is a reminder that in an era of integrated capital flows, tariff decisionsContinue Reading