ICICI Securities has initiated coverage on ITC Hotels with a ‘buy’ rating and a target price of Rs 250. The brokerage anticipates a multi-year growth phase for the hospitality major. This growth is expected to be fueled by a rapid scale-up in managed properties and a strong net-cash position. The company’s robust pipeline could expand its portfolio significantly by 2030.Read More
JM Financial believes Reliance Jio’s planned IPO in 1HCY26 could be a major catalyst for India’s telecom sector, strengthening tariff-hike visibility, ARPU expansion and free cash flow for both Jio and Bharti Airtel. The brokerage projects ~12% ARPU CAGR through FY28, driven by tariff resets and premiumisation.Read More
Jio BlackRock AMC CIO Rishi Kohli turns selectively bullish as the fund house launches its arbitrage fund NFO. Kohli says improving earnings momentum, favourable seasonality and easing uncertainties could lift markets into 2026. He expects largecaps and midcaps to outperform smallcaps and sees strong opportunities in autos and BFSI. Arbitrage spreads have also strengthened in recent months.Read More
A report by Kotak Equities warns that Indian households may be overestimating the value of their gold jewellery, as making charges and falling stone prices have sharply diluted real returns. Despite soaring bullion prices, jewellery-heavy portfolios have lagged, with actual gains far below headline gold appreciation, particularly for lower-income families.Read More
Aequs’ Rs 921.8 crore IPO has garnered strong investor interest, with shares commanding a 30% grey market premium ahead of the December 10 listing. The issue was subscribed over 104 times, backed by robust QIB demand, even as the company’s recent financials show losses and muted revenue growth.Read More
Nulla vitae elit libero, a pharetra augue. Nulla vitae elit libero, a pharetra augue. Nulla vitae elit libero, a pharetra augue. Donec sed odio dui. Etiam porta sem malesuada.
