Trent’s premium valuation faces pressure as revenue growth stays below guidance for a third straight quarter, while banks and autos show strength. Anand Rathi Shares’ Narendra Solanki explains why Axis and ICICI remain top banking picks, PSU banks look attractive, autos are entering an upcycle, and which sectors investors should watch over the next 12...Read More
Senco Gold shares surged following a strong third-quarter business update. The company reported significant sales and revenue growth, driven by festive campaigns and new designs. Senco Gold is optimistic about the upcoming wedding season and local festivals. It expects to achieve over 25% year-on-year growth for FY26, supported by its expansion plans and focus on...Read More
A day after Reliance Industries (RIL) shares fell 4.4%, wiping out Rs 94,000 crore in market value, Jefferies raised its 12-month price target to Rs 1,830, maintaining a Buy rating. The brokerage cited a potential Jio tariff hike and an IPO of the telecom arm as key triggers for the conglomerate’s next re‑rating, implying roughly...Read More
IDFC First Bank shares rose after Nomura initiated coverage with a Buy rating, citing strong loan growth, improving margins and moderating credit costs. The brokerage sees over 23% upside, driven by earnings acceleration and better operating leverage over FY26-28F.Read More
Chevron’s improved standing in Venezuela has lifted US energy stocks, with investors betting on future upside from a potential reopening of the oil sector. However, sanctions, weak oil prices and political uncertainty continue to pose significant risks to long-term investment.Read More
Indian government bonds experienced a decline early Wednesday. The Reserve Bank of India opted for less frequently traded bonds in its latest debt purchase. This move has puzzled market participants. Investors are concerned about the upcoming large debt issuance by governments. The central bank’s support through bond purchases continues.Read More
Emmvee Photovoltaic shares surged following a positive rating from Jefferies. The brokerage initiated coverage with a Buy rating and a target price, highlighting strong growth prospects. India’s solar installations are expected to grow significantly, driven by falling tariffs and policy support. Emmvee’s focus on advanced cell technology and capacity expansion positions it well.Read More
The Indian rupee strengthened today, gaining 26 paise to trade at 89.92 against the US dollar. This rise was supported by a weaker US dollar globally and a significant decrease in international crude oil prices. The rupee had previously ended its losing streak on Tuesday. Exporters are expected to sell dollars at higher levels, while...Read More
Trent Ltd shares faced renewed pressure as its Q3 business update missed market expectations, raising concerns about slowing growth and increased competition. Despite a 17% reported growth, analysts had anticipated around 22%, highlighting a miss due to a normalizing base and intensifying competition in the value fashion segment.Read More
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