BERNSTEIN SHARE PRICE
High-priced S&P 500 powers ahead untroubled by political stress
The S&P 500 experienced a 2% increase over the week, marking its most significant gain since April. This rise was driven by data indicating a contraction in the services industries and an increase in the unemployment rate, which bolstered hopes for rate cuts. Ten-year Treasury yields, which had initially surged following President
HDFC Bank shares fall 4% as Q1 update disappoints investors
HDFC Bank shares, previously rising due to potential MSCI weightage increase, fell over 4% on Friday to Rs 1,665.55 on BSE. This decline followed a sharp drop in CASA ratio in its June quarter update. Deposit growth was soft at 15.3% YoY (pro-forma), flat sequentially, with CASA declining 5% QoQ, lowering CASA ratio by 190 bps to 36%
PFC, REC shares surge up to over 5% after Bernstein initiates coverage
HDFC Bank shares surged 3% to a fresh high on an MSCI boost, targeting Rs 1,900. PFC and REC sustain above significant exponential moving averages on charts.
Bond inclusion positive for banks; return of FII flows to benefit private banks: Pranav Gundlapalle, Sanford C Bernstein
Private sector banks, particularly HDFC Bank, are poised for growth and profitability. Indian bond inclusion may impact liquidity and interest rates, benefiting the banking sector. Public banks face challenges in profitability and growth compared to private counterparts. Regulatory actions in the NBFC sector may favor established players like Muthoot, says Pranav Gundlapalle.
HDFC Bank shares rally 13% so far in June. Is the worst over?
Shares of HDFC Bank have rallied 13% so far in the month of June to hit day’s high at Rs 1,710 on BSE today, managing to erase all the losses incurred so far in the calendar year 2024.
MicroStrategy may extend surge as investors embrace bitcoin strategy, says Bernstein
MicroStrategy shares could nearly double in value by the end of 2025 as investors are willing to pay a premium for the software firm's bitcoin investing strategy, brokerage Bernstein said, starting coverage with an "outperform" rating.
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Hewlett Packard surges over 12% as AI-server demand powers strong results
Analysts at Bernstein said this suggests potential for HPE and peer Dell Technologies to have "very strong shipments over the next quarter or two as they deliver on backlog", but it depends upon customers being willing to take deliveries earlier.
It's a party on Dalal Street as India m-cap soars to Rs 426 lakh crore
Indian equities surged to new highs on Monday as investors reacted positively to the likelihood of the Bharatiya Janata Party (BJP) winning with a strong majority based on exit polls. Benchmark indices jumped over 3%, the biggest gain in four years.
Who will win the elections? Here are brokerages' bull, base and bear case
Who will win the Lok Sabha Elections 2024? Here's what the brokerage houses are betting on? (Source: ET NOW)
Workday shares sink over 13% as slower hiring hits payroll services demand
Workday shares dropped on Friday due to a lowered annual subscription revenue forecast amidst economic uncertainty and slower hiring impacting demand for payroll services.
Sensex jumps 3,700 points in 9 days. Why is no one waiting till election results?
In the near term, market analysts believe the chances of the market going up further are less given that it has already touched record-high levels, and in case the political equation changes, the market can fall as much as 15% on June 4.
Nvidia shares rise as blowout revenue forecast cements AI lead
Taiwan Semiconductor Manufacturing, Nvidia's contract chipmaker, said in April it expects to more than double its advanced packaging capacity this year.
Paytm shares drop 3% after Q4 results. Should You buy or sell?
Paytm's Q4 results show widened losses and reduced revenue, impacted by disruptions and regulatory actions. Analysts vary: Bernstein sees signs of recovery, Macquarie remains cautious, Motilal Oswal maintains a neutral stance, while JM Financial advises selling.
Hot Stocks: Brokerages view on JB Pharma, BHEL, Hitachi Energy and HCL Tech
Brokerage companies like Bernstein upheld a Market Perform assessment for HCL Technologies, Nuvama endorsed a buy evaluation for BHEL, Jefferies suggested a buy stance on JB Pharma, and Goldman Sachs issued a buy rating for Hitachi Energy.
Zomato shares fall 6% on ESOP headache but target prices rise up to Rs 280. Should you buy, sell or hold?
Zomato Stock Price: Despite positive target price revisions from brokerages such as CLSA, Jefferies, Bernstein, and Elara, shares of foodtech platform Zomato experienced a decline of up to 6% to Rs 182.10 on Tuesday. CLSA raised the target price to Rs 248, Bernstein to Rs 230, Jefferies to Rs 230, and Elara Capital set the highest target at Rs 280 per share, all in response to the impressive Q4 results.
L&T shares fall 6% as brokerages cut target prices after Q4 results. Should you buy or sell?
L&T Share Price: Brokerage firm CLSA reduced its target price to Rs 4,151 but maintained a buy call on the Nifty stock, Motilal Oswal reduced it to Rs 4,000 while Kotak Institutional Equities gave a sell call with a target price of Rs 3,000.
Apple shares jump 7% as record buyback, sales growth forecast lure investors
Apple shares jumped nearly 7% on Friday as the iPhone maker's record stock buyback plan and promise of sales growth brought back investors who have shunned the stock on concerns over weak demand and increased competition in China.
Apple shares rise after Bernstein analyst takes bullish stance
Apple registered its biggest one-day percentage gain in more than two weeks after the upgrade, which marked the stock's first "buy" equivalent rating from Bernstein's Toni Sacconaghi since early 2018.
RIL shares see target prices going up to Rs 3,500 after Q4 results. Time to buy?
Reliance Share Price: RIL shares, which have gained around 14% in the calendar year so far, were trading flat in Tuesday's morning trade but brokerages have increased their targets going up to Rs 3,500-mark.
Intel slides 7% as foundry business loss spotlights wide gap with rival TSMC
Intel faces challenges with chip-making, resulting in a 7% stock drop. Analysts anticipate a $12 billion market value loss, while CEO Gelsinger foresees losses peaking in 2024 before breaking even by 2027.
Tesla’s $350 billion stock slump shreds investor expectations
Reasons for the shares’ dismal run this year — down 28% compared to a 10% advance in the S&P 500 Index — are many. However, the biggest cloud looming over the EV giant is the slowdown in the demand for electric vehicles, which is happening just as competition from legacy carmakers and Chinese rivals is heating up.
Lower loan growth may be a positive for HDFC: Bernstein
Shares of HDFC Bank have declined 15.7% to ₹1,432 so far in 2024 as against the 1.6% fall in the Bank Nifty index. The recent underperformance has been on account of weaker profitability, rising cost of funds, and lower growth outlook.
Paytm shares rally 5% as doomsday call attracts dip buyers. Is the worst over?
Paytm's freefall in shares seems to have found a bottom after 3 days of selling that eroded investor wealth. Bernstein screamed buy the dip and the stock rallied 5% today. Regulatory action will impact investors' assessment of the business model risk and management's ability to handle regulatory risk. Market analyst Sanjiv Bhasin is waiting for more clarity on the Paytm fiasco.
RBI's action to weigh on Paytm stock, say analysts
Brokers and analysts have turned bearish on the company with one report saying the central bank's decision would 'end the operations of Paytm Payments Bank'.
Hot Stocks: 3 concerns behind $13 bn rout in HDFC Bank; brokerages downgrade LTIMindtree
Brokerage firm Bernstein maintained an outperform rating on HDFC Bank, Nomura maintained a buy rating on Apollo Hospitals, InCred downgraded LTIMindtree and Goldman Sachs maintained a neutral rating on Asian Paints.
Is Indian pharma sector priced to perfection? What will drive growth this year? Nithya Balasubramanian explains
Nithya Balasubramanian says: “At a top-down level, there is a lot more growth than what we are seeing in data. But I believe that the growth drivers will possibly shift into volume growth from pricing growth. The last two years have been pretty good in terms of pricing growth because of the higher inflation as well which was passed along.”
Not over yet! After 70% gains this year, Bernstein sees further upside in Paytm. Here’s why
Berstein finds the fintech pioneer, with a promising head start in the lending business, to be on the right side of the disruption
Four-quarter earnings downgrade cycle set to reverse for RIL, says Morgan Stanley
Morgan Stanley and Bernstein are both optimistic about the growth prospects of Reliance Industries Ltd. Morgan Stanley sees both refining and chemicals margins expanding to reverse a four-quarter earnings downgrade cycle, while Bernstein predicts that RIL's new energy business will become the new pillar of growth.
RIL’s new energy business revenue set to hit $10 billion mark by 2030: Bernstein
Bernstein estimates revenue from Reliance Industries' clean energy vertical to hit $10bn by 2030, and sees potential for 60% of the overall addressable market in solar energy, 30% in batteries and 20% in hydrogen. The Indian company plans to have installed solar capacity of 100 GW by 2030, representing 35% of India's targeted capacity of 280 GW, the research firm said. Bernstein believes Reliance New Energy could be valued between INR100-200 ($1.35-$2.7) a share by 2050. India's target of producing five million tonne of green hydrogen annually by 2030 is another opportunity, the firm said.
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