COVERAGE
Axis Securities initiates coverage on Inox Wind, sees upside potential of 30%
Domestic brokerage firm ICICI Securities initiated coverage on Inox Wind (IWL) with a target price of Rs 185 stating that the company is well-positioned to benefit from the tailwinds in the wind sector.
Initiating Coverage: Brokerage sees 10-26% upside in Coforge, Man Industries & Bandhan Bank
Emkay has initiated a buy rating on Man Industries with a target price of Rs 500, indicating a 26% upside from the current price of Rs 394.
Is NBC building an AI Michaels clone for Paris Olympics 2024 coverage?
In an interesting turn of events, NBC going for a full-time presenter for its Olympic 2024 announcements, is instead opting for iconic sports presenter AI Michaels' clone who will be announcing various details and daily recaps of the Paris Games.
Kotak Institutional Equities initiates coverage on Coforge, sets Rs 6,000 as target price
Kotak analysts anticipate a robust 20.2% CAGR in earnings per share for FY2024-27E. This growth is driven by a 12.3% organic revenue CAGR and a 150-basis point expansion in EBIT margins.
JM Financial initiates coverage on MapmyIndia, sees upside potential of 28%
MapmyIndia, backed by JM Financial, aims for substantial revenue growth driven by new geospatial policies and diverse revenue streams.
JM Financial initiates coverage on this small cap stock, views upside potential of 20%
Shivalik Bimetal Controls, analyzed by JM Financial, shows potential in niche markets with diverse growth avenues, including smart metering, EVs, and customized products. The company's expansion into shunt resistors and focus on global opportunities signal a promising future amidst challenges like market delays.
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Nuvama initiates coverage on Bikaji Foods, sees upside potential of over 21%
Domestic brokerage firm Nuvama initiated coverage on Bikaji Foods, with a target price of Rs 885, as the company has emerged as a heavyweight in the rapidly expanding Indian savoury snacks market.
Buoyed by ₹18,000 crore fund-raise, Vi beefs up 4G coverage, network in UP, Uttarakhand
The company plans to add a 900 MHz band layer, which will significantly enhance indoor network experience for its customers in the two circles. “The deployment of L900 coverage will be beneficial in urban areas with dense building infrastructure, as well as suburban and rural areas where signal penetration is a challenge,” Vi said in a statement Thursday.
Goldman Sachs initiates coverage on MapmyIndia, shares jump over 17%
CE Info Systems shares surged 17.6% to Rs 2,354.60 on BSE as Goldman Sachs initiated coverage with a target price of Rs 2,800.
Motilal Oswal initiates coverage in jewellery stocks; sees up to 24-26% upside in Senco Gold & Kalyan Jewellers
Following recent coverage, Kalyan Jewellers saw a 5.3% rise in its shares, reaching a high of Rs 446.65. Similarly, Senco Gold experienced a 3% increase, with shares climbing to a day's high of Rs 1,061.90 on the BSE.
JP Nadda stresses expansion of health coverage under Ayushman Bharat scheme
Union Health Minister J.P. Nadda emphasized expanding health insurance coverage under the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) to those aged 70 and above during a high-level meeting focused on the Modi 3.0 government's 100-day health agenda. Nadda, along with Ministers of State for Health Anupriya Patel and Prataprao Ganpatrao Jadhav, stressed improving health facility quality, leveraging technology in health programs, and increasing awareness about non-communicable diseases and tobacco control. He underscored the need for clear communication on health issues to the public.
Motilal Oswal initiates coverage on Mankind Pharma with target price of Rs 2,650
Motilal Oswal initiated coverage on Mankind Pharma with a 'buy' call and target price of Rs 2,650. The company's disruptive strategy in establishing its DF business has made it an industry leader in prescriptions.
Why might an insurance company deny your claim during the monsoon?Sandeep Saraf answers
A comprehensive policy does not guarantee that all flood-related damages will be covered. Multiple types of damages can occur during a flood, such as engine damage, electrical damage, interior damage due to water seepage, or gearbox damage. A normal comprehensive package covers these to some extent, but not 100%. We recommend a few add-ons for every customer purchasing a car insurance policy.
Brokerages initiate coverage on Jyothi Labs, 4 other stocks with upside of up to 34%
A host of brokerage firms, including global and domestic, have initiated coverage on several stocks. They are bullish on these companies, which include Hindustan Construction, L&T Finance, and PTC Industries with a targeted upside of up to 34%. Here is a list of 5 stocks on which brokerages initiated coverage:
Lok Sabha Election Result 2024: Where, when and how to watch vote counting
All eyes are on the Lok Sabha election results, scheduled to be declared today, June 4. The voting for the 543-member Lok Sabha took place over seven phases from April 19 to June 1. The Election Commission will start counting votes at 8 am, covering the Lok Sabha election, state legislative assemblies of Andhra Pradesh and Odisha, and bye-elections to assembly constituencies. Results can be checked on the ECI website and various news channels' online platforms. MovieMax will also screen the results live in Maharashtra.
Beware of the coming post-election peace
This election was so addictive that the withdrawal symptoms are bound to be vicious. Being under the thrall of a months-long, hard-knuckled, carpet-bombing coverage of a political contest where candidates were no longer public servants but Marvel Comics characters, it's understandable that even normal 'non-political animals' got hooked to the election drug.
Lok Sabha Elections 2024: How exit polls predict results using voter data
Despite strict regulations to prevent misinformation, exit polls remain a significant part of India's electoral process. These surveys, conducted outside polling stations, offer immediate insights into voter behaviour. Challenges in methodology and the need for accurate representation highlight the complexities of these polls. Innovations and compliance with the EC's guidelines ensure ethical reporting and transparency.
DoT mulls using drones, balloons for 5G connectivity in emergencies
The Department of Telecommunications (DoT) is considering using drones and tethered balloons to restore 5G connectivity during emergencies and natural disasters. Trials are likely to be conducted soon to test this initiative, with a decision expected by June next year. This approach aims to provide temporary 5G networks during disasters, offering connectivity in remote locations or when normal telecom services are disrupted. The government believes this method is more convenient than setting up new mobile sites and can utilize existing spectrum and power supply backups.
Union health secy highlights India's health achievements, future goals at WHO assembly
India, in collaboration with the World Health Organization (WHO), plans to strengthen its drug regulatory system to ensure quick access to high-quality medical products for all. Union Health Secretary Apurva Chandra highlighted the country's core capacity score of 86% to detect, assess, report, and respond to health emergencies, surpassing the Southeast Asia Region and Global average.
Nuvama initiates coverage on Suzlon and Inox Wind, sees upside potential of up to 33%
Nuvama, a domestic brokerage, initiated coverage on Inox Wind and Suzlon Energy with optimistic outlooks. It assigned a 'buy' rating and a target price of Rs 195 for Inox Wind, citing its position as one of the two key players in India's WTG and turnkey EPC market. Meanwhile, Suzlon Energy received a 'buy' rating with a target price of Rs 53, backed by its technological edge, high-margin services, and strong balance sheet.
Hot Stocks: Brokerage view on LIC, Suzlon Energy, Inox Wind and Hindalco
Investec brokerage firm upheld its buy recommendation for Hindalco, while Nuvama initiated coverage on Inox Wind and Suzlon Energy with buy ratings, respectively. Goldman Sachs has given LIC a neutral rating following its Q4 results.
Govt asks insurance companies to roll out daycare package for Ayush patients
Claims under Ayush - an acronym for Ayurveda, Yoga & Naturopathy, Unani, Siddha and Homoeopathy - rose to ₹78 crore in 2023 from ₹9 crore in 2016.
Jefferies initiates coverage on GMR Airports, with a target price of Rs 100
Jefferies initiates coverage on GMR Airports with a 'buy' rating and a target price of Rs 100, anticipating a 3 times growth in EBITDA over 5 years. The company's strategic position, growth potential, and real estate monetisation drive optimism.
Hudco Q4 Results:Net profit rises 9% YoY to Rs 700 crore
The company's total income for the quarter was 18% higher at Rs 2,194 crore against Rs 1,862 crore. Its board recommended a final dividend of Rs 2.65 per equity share on the face value of Rs10 each for the financial year 2023-24.
ICICI Securities initiates coverage on Bharti Hexacom, calls it the ‘little giant’
The brokerage has set a target price of Rs 1,075 for the stock. Bharti Airtel continues to be its chosen pick. ICICI Securities has assigned a 15% premium to Bharti India’s valuations. It stands by its hypothesis of ‘small, but beautiful’ for BHL.
HDFC Securities initiates coverage on these 5 healthcare stocks that can surge up to 20%
Domestic brokerage firm HDFC Securities has initiated coverage on several healthcare stocks. It sees a strong potential for value unlocking in these companies, which includes Apollo Hospitals Enterprise and Dr Lal Pathlabs. Here is a list of 5 healthcare stocks on which HDFC Securities initiated coverage:
Vi board approves allotment of equity shares worth Rs 2,075 crore to ABG entity
Vi's board approved allotting equity shares worth Rs 2,075 crore to an Aditya Birla Group entity, marking the conclusion of its over Rs 20,000 crore fundraising plan via the equity route.
Empowering senior citizens: The crucial role of health insurance in India
Recent IRDAI regulations in India aim to empower senior citizens through accessible health insurance options, including coverage for Ayush treatments, aggregate deductibles for cost-sharing, and comprehensive rider packages for additional benefits. Assessing needs and selecting the right plan are essential for personalized and comprehensive health coverage.
Adani Enterprises, ONGC among 13 stocks on which Jefferies initiated coverage this year
Jefferies has initiated coverage on 13 Indian stocks in the calendar year 2024 so far, taking its total coverage universe to 188 with a combined market cap of US$3.4tr or 70% of India's listed market. The majority of the 13 covered stocks have been strong outperformers relative to the benchmark index. Here’s the list of 13 stocks in which Jefferies has initiated coverage:
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