In the last one month, the benchmark index Nifty 50 went up by 4% while the broader indices midcaps, smallcaps went up by 6% and 5%, respectively. This outperformance was led by improved sentiment and positive flows. However, brokerage house Axis Securities believes that with the recent run-up in the […]
Axis Securities
Axis Securities has initiated coverage on India’s food delivery giant Zomato with a buy call. The target price is pegged at ₹280, implying a 22 per cent upside potential from the stock’s July 31 closing of ₹229.50 on the BSE. Zomato share price closed 1.01 per cent higher on the […]
Stock Market News: Though gains were restrained by a weakness in heavyweight financials, the domesticbenchmark indices, the Sensex and the Nifty 50, saw a little increase on Friday as investors bought into the drop following losses in the previous few days. As of 9:41 IST, the Sensex gained 0.4% to […]
Stock Market News: Domestic equity benchmark indices, the Sensex and the Nifty 50, began Friday’s session lower due to news from the biggest private lender HDFC Bank that loans fell sequentially in the June quarter. At 9:15 IST, the S&P BSE Sensex fell 0.34% to 79,778.98 points, while the Nifty […]
The Nifty 50 has risen by approximately 0.3% this week, reaching record highs in three of the five sessions and building on a 3.4% gain last week when the national elections secured political continuity. The 30-share BSE Sensex opened lower by 169.18 points or 0.22% at 76,912.38 level while the […]
Banking Q4 Review Reviewing the Q4 results for the banking space, the brokerage pointed out that banks, including Small Finance Banks (SFBs), in its coverage have sustained robust credit growth, aligning closely with anticipated 17 percent year-on-year growth (excluding HDFCB). While some banks have voiced concerns regarding corporate growth due […]
Stock Market Today: Ashok Leyland share price scaled 52-week highs of ₹207.45 on the NSE on Thursday before closing at ₹206.70 levels. Ashok Leyland share price has gained more than 28% since March Lows. Ashok Leyland share price remains momentum pick of Axis Securities who expects more than 12% gains […]