Stocks to watch on brokerages on June 3: Adani Ports, Finolex Cables, Zomato, Vodafone Idea in focus
A number of stocks will be in focus today based on fresh buy and overweight calls issued by leading brokerages in their latest reports.
Based on analyst commentary and targets, key stocks under positive radar for June 3 include Adani Ports, Finolex Cables, Zomato (Eternal), and Vodafone Idea.
Adani Ports
Jefferies has reiterated a Buy rating on Adani Ports with a target price of Rs 1,700. The brokerage highlighted strong long-term growth drivers, including plans to achieve a 5x rise in logistics revenue and EBITDA over FY25-29. Integrated logistics and international expansion are expected to drive incremental value for the company, while organic growth will continue in domestic port operations.
Finolex Cables
Jefferies maintained a Buy rating on Finolex Cables with a target price of Rs 1,235. The brokerage sees the company as a good proxy on housing and construction themes. Finolex Cables posted a slight Q4 beat and has benefited from a 12-13 percent price hike in FY25, with further hikes taken in May 2025. The company also expects opportunities from BharatNet projects, 5G rollout, and data center demand. Jefferies projects a +19 percent PAT CAGR over FY25-28e.
Zomato (Eternal)
Morgan Stanley has reiterated Overweight and named Zomato (Eternal) as its Top Pick, with a target price of Rs 320. The brokerage cited market leadership in both food delivery and quick commerce, superior unit economics, and a stronger balance sheet than peers, which reduces the risk of further dilution. Morgan Stanley views the risk-reward as favorable, with a potential downside floor around Rs 200-220.
Vodafone Idea
CLSA has rated Vodafone Idea as Outperform with a target price of Rs 8, while Citi maintains a Buy rating with a target of Rs 10. The stock remains under positive radar amid improving 4G coverage, a planned 5G rollout across 17 circles by August 2025, narrowing subscriber losses, and potential tariff hikes. The management is also focusing on completing its pending debt raise, which remains a key trigger.
Stocks under Neutral/EW view
Morgan Stanley maintained an Equal-Weight view on Coal India with a target of Rs 450, citing near-term caution on volumes due to inventory build-up and weak offtake.
Among today's brokerage calls, the most actionable positive ideas are Adani Ports, Finolex Cables, Zomato, and Vodafone Idea, where analysts see strong growth catalysts and supportive risk-reward setups.
Disclaimer: This article is for informational purposes only and does not constitute investment advice.
News desk at BusinessUpturn.com
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
8 hours ago
- Yahoo
Alibaba to Exit Indian Food Delivery Company Eternal with $613M Stake Sale
Alibaba Group Holding Limited (NYSE:BABA) is one of the best high-volume stocks to invest in. On August 6, it was reported that China's Alibaba Group would be selling its entire stake in the Indian company Eternal through a block deal. According to a CNBC-Awaaz report, the deal is valued at 53.75 billion Indian rupees, which is ~$613 million. The block deal involves Alibaba's unit, called Antfin Singapore, which held a 2.08% stake in Eternal as of the end of June this year. An e-commerce platform displaying a wide range of products to customers online. The company will offload this entire stake at a floor price of 285 rupees per share, which represents a 4.6% discount to Eternal's closing price on August 6. Eternal is the parent company of the food delivery service Zomato and the quick commerce arm Blinkit. Neither Antfin nor Eternal has responded to requests for comment from Reuters. Alibaba Group Holding Limited (NYSE:BABA) provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses engage with their users and customers in the People's Republic of China and internationally. While we acknowledge the potential of BABA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
a day ago
- Business Wire
Market to Reach $112.4 Billion by 2030 - How AI at the Edge Is Driving Development of Smarter, Adaptive Wireless Communication Chipsets
DUBLIN--(BUSINESS WIRE)--The "Wireless Chipsets - Global Strategic Business Report" report has been added to offering. The global market for Wireless Chipsets was estimated at US$91.8 Billion in 2024 and is projected to reach US$112.4 Billion by 2030, growing at a CAGR of 3.4% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Wireless Chipsets market. Wireless chipsets have emerged as foundational components in modern electronics, enabling seamless connectivity across a broad spectrum of devices and applications that form the backbone of today's digital lifestyle. These chipsets, which provide the hardware foundation for wireless communication technologies such as Wi-Fi, Bluetooth, Zigbee, LTE, and 5G, are essential to the function of smartphones, laptops, routers, tablets, smart TVs, wearables, and increasingly, IoT devices. With global demand for uninterrupted connectivity rising due to remote work, smart homes, online gaming, video streaming, and cloud computing, the need for advanced wireless chipsets has grown exponentially. Consumers now expect high-speed, low-latency, and energy-efficient wireless communication, pushing manufacturers to innovate rapidly and meet these evolving performance benchmarks. The growing ecosystem of smart devices and machine-to-machine communication in sectors like healthcare, transportation, retail, and manufacturing also relies heavily on these chipsets to facilitate data exchange and automation. As digital transformation accelerates worldwide, wireless chipsets are no longer confined to consumer electronics but are being embedded in industrial machines, vehicles, medical equipment, and city infrastructure. This universal applicability is driving strong demand for next-generation chipsets that can handle multi-band operations, ensure secure connections, and operate reliably in a variety of environmental conditions. Their crucial role in enabling mobility, intelligence, and interconnectivity places wireless chipsets at the heart of today's global digital infrastructure. What Is Driving the Global Growth and Future Expansion of the Wireless Chipsets Market? The growth in the wireless chipsets market is being driven by global connectivity expansion, rising digital infrastructure investments, increasing smart device penetration, and the rapid evolution of wireless standards. The global deployment of 5G networks is creating substantial demand for chipsets that support next-generation cellular connectivity, not only for smartphones but also for fixed wireless access, industrial equipment, and edge computing nodes. Meanwhile, the continuous rollout of public and private Wi-Fi networks across cities, campuses, and enterprises is boosting demand for high-performance Wi-Fi chipsets capable of supporting dense user environments. The IoT revolution is also a key growth catalyst, with billions of connected devices expected to come online in the coming years, each requiring specialized chipsets that balance power, range, and data throughput. Governments in both developed and developing nations are investing heavily in digital transformation initiatives, smart city programs, and broadband infrastructure, all of which necessitate reliable and scalable wireless communication. Strategic partnerships between chipset manufacturers, telecom operators, device makers, and cloud service providers are accelerating innovation and market reach. Additionally, the rise of edge computing, remote healthcare, and intelligent retail solutions is expanding the need for real-time wireless communication in more distributed and decentralized architectures. Environmental considerations are also playing a role, as companies seek chipsets with lower power consumption to support sustainability goals. These multifaceted drivers are fueling robust global expansion, making the wireless chipsets market one of the most dynamic and fast-growing segments in the semiconductor industry, with a future firmly aligned with the ongoing march toward ubiquitous, intelligent, and seamless connectivity. How Are Technological Innovations Reshaping the Capabilities of Wireless Chipsets? Rapid advancements in semiconductor technology, signal processing, and integrated circuit design are significantly enhancing the capabilities of wireless chipsets, enabling more compact, power-efficient, and high-performance solutions. With the rollout of Wi-Fi 6, Wi-Fi 6E, and now Wi-Fi 7, chipsets are being designed to support higher data rates, reduced latency, and better spectrum utilization through technologies like OFDMA, MU-MIMO, and beamforming. These improvements are critical for applications where high throughput and low interference are essential, such as 4K streaming, VR gaming, and real-time video conferencing. In the mobile communication sphere, the development of 5G chipsets has introduced support for millimeter wave (mmWave) frequencies, massive MIMO configurations, and network slicing capabilities, paving the way for ultra-fast and reliable connectivity across industries. Integration of AI and machine learning capabilities directly into chipsets is allowing for adaptive signal optimization and real-time resource management, further boosting performance and efficiency. Additionally, manufacturers are focusing on multi-protocol support within a single chipset, enabling interoperability between various wireless standards without increasing power consumption or device complexity. Innovations in fabrication, such as the use of FinFET and Gate-All-Around (GAA) architectures, are allowing chipsets to shrink in size while increasing functionality. These technologies are also improving thermal management and energy efficiency, which is especially important for wearables, IoT sensors, and mobile devices with limited battery capacity. Together, these innovations are ensuring that wireless chipsets remain capable of meeting the increasingly demanding requirements of a connected and intelligent future. What Market Demands and Application Trends Are Influencing the Wireless Chipsets Industry? The demand for wireless chipsets is being influenced by a wide array of market drivers and application trends that reflect how pervasive and integral wireless communication has become across industries and daily life. In the consumer electronics sector, the proliferation of smart devices, home automation systems, and connected appliances continues to be a major driver, with each device requiring reliable and often multi-standard wireless chipsets. The growth of smart homes has led to the widespread adoption of Zigbee, Thread, and Bluetooth Low Energy (BLE) chipsets, which offer energy-efficient communication for devices like smart locks, thermostats, and lighting systems. In the automotive industry, the push toward connected vehicles and autonomous driving is increasing the need for chipsets that support V2X communication, in-vehicle networking, and infotainment systems. The industrial sector is also seeing rapid growth in the use of wireless chipsets through the Industrial Internet of Things (IIoT), which relies on stable and secure wireless links to connect sensors, actuators, and control systems in smart factories. In healthcare, wireless chipsets enable wearable health monitors, remote diagnostic devices, and smart hospital systems that require secure and continuous data transmission. The education sector, fueled by the shift to hybrid learning models, is demanding faster and more reliable wireless access to support digital classrooms and e-learning platforms. Across all these segments, there is growing emphasis on chipsets that can deliver high performance without compromising battery life, security, or cost. As these application domains continue to evolve, they are shaping the design, functionality, and scalability of wireless chipset solutions. Report Features: Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030. In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa. Company Profiles: Coverage of players such as Apple (modem group), ASIX Electronics Corp., Broadcom Inc., Cypress Semiconductor (Infineon), Espressif Systems and more. Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments. Key Insights: Market Growth: Understand the significant growth trajectory of the Wi-Fi Chipsets segment, which is expected to reach US$47.5 Billion by 2030 with a CAGR of a 4.2%. The Wireless Display / Video Chipsets segment is also set to grow at 3.2% CAGR over the analysis period. Regional Analysis: Gain insights into the U.S. market, estimated at $24.1 Billion in 2024, and China, forecasted to grow at an impressive 3.4% CAGR to reach $18.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific. Segments: Type (Wi-Fi Chipsets, Wireless Display / Video Chipsets, WiMax Chipsets, LTE Chipsets, ZigBee Chipsets) Application (Computers & Laptops Application, Smartphones & Wearables Application, Routers Application, In-Vehicle Infotainment Systems Application, Other Applications) End-Use (IT & Telecom End-Use, Consumer Electronics End-Use, Automotive & Transportation End-Use, Aerospace & Defense End-Use, Other End-Uses) Key Attributes: Report Attribute Details No. of Pages 249 Forecast Period 2024 - 2030 Estimated Market Value in 2024 91.8 Billion Forecasted Market Value by 2030 112.4 Billion Compound Annual Growth Rate 3.4% Regions Covered Global Expand Key Topics Covered: MARKET OVERVIEW Influencer Market Insights World Market Trajectories Tariff Impact on Global Supply Chain Patterns Wireless Chipsets - Global Key Competitors Percentage Market Share in 2025 (E) Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2025 (E) MARKET TRENDS & DRIVERS 5G Rollouts and Next-Gen Connectivity Standards Throw the Spotlight on High-Performance Wireless Chipsets Rising Demand for IoT Devices Across Industries Spurs Adoption of Low-Power, Cost-Optimized Wireless Chipsets Integration of Wi-Fi 6 and 6E Capabilities Propels Growth in Consumer and Enterprise Networking Applications Here's How AI at the Edge Is Driving Development of Smarter, Adaptive Wireless Communication Chipsets Shift Toward Multi-Protocol Support Strengthens the Business Case for Unified Connectivity Chipset Architectures Explosive Growth in Smart Home Devices Expands the Addressable Market Opportunity for Bluetooth and Zigbee Chipsets Proliferation of Wearables and Health Monitoring Tools Accelerates Innovation in Ultra-Low Power Wireless Solutions Here's How Automotive Connectivity Trends Are Fueling Demand for V2X, UWB, and 5G NR-Compatible Chipsets Remote Work and Cloud Gaming Adoption Drive Demand for High-Bandwidth, Low-Latency Wi-Fi Chipsets Industrial Automation and Smart Factory Initiatives Sustain Growth in Robust, Real-Time Wireless Communication Modules Rising Use of LPWAN Technologies Like LoRa and NB-IoT Creates Niche Opportunities in Long-Range, Low-Power Chipsets OpenRAN and Network Disaggregation Trends Propel Innovation in Customizable and Software-Defined Wireless Chipsets FOCUS ON SELECT PLAYERS | Some of the 48 companies featured in this Wireless Chipsets market report include: Apple (modem group) ASIX Electronics Corp. Broadcom Inc. Cypress Semiconductor (Infineon) Espressif Systems GlobalFoundries HiSilicon (Huawei) Intel Corporation Marvell Technology Group Ltd MediaTek Inc. Murata Manufacturing Co., Ltd. Nordic Semiconductor ASA NXP Semiconductors NV ON Semiconductor Corporation Peraso Technologies, Inc. Qorvo Inc. Qualcomm Technologies, Inc. Ralink Technology Corp. (MediaTek) Realtek Semiconductor Corp. Renesas Electronics Corporation For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Yahoo
a day ago
- Yahoo
Could NextNav's (NN) 5G Timing Partnership Reveal a New Edge in Secure Navigation Solutions?
NextNav recently reported its second quarter 2025 earnings, showing sales of US$1.2 million and a net loss of US$63.2 million, while the company also revealed a new partnership with Oscilloquartz to deliver 5G-powered terrestrial timing services as a complement to GPS. This collaboration addresses a growing need for secure timing solutions in critical sectors and aligns with ongoing national security priorities for resilient positioning, navigation, and timing (PNT). We'll look at how this new partnership with Oscilloquartz could shape NextNav's investment narrative and long-term market positioning. Rare earth metals are an input to most high-tech devices, military and defence systems and electric vehicles. The global race is on to secure supply of these critical minerals. Beat the pack to uncover the 27 best rare earth metal stocks of the very few that mine this essential strategic resource. What Is NextNav's Investment Narrative? To be a shareholder in NextNav, you're betting on a future where robust, secure timing and positioning solutions are central for critical infrastructure and emergency services, areas where both government and private sector demand is growing. The recently announced Oscilloquartz partnership signals NextNav's ability to align with these priorities and could serve as a differentiator, especially as real-world threats drive interest in alternatives to GPS. In the short term, this partnership brings heightened visibility and could help NextNav seize new commercial or regulatory opportunities, making it a more immediate catalyst than previously assumed. Still, with widening quarterly losses and negative equity, questions about sustainability and capital needs remain a pressing risk. Any material adoption of the new 5G-powered service may take time to translate into revenue, and execution is crucial given current forecasts point to declining sales and prolonged unprofitability. On the other hand, ongoing cash burn and lack of clear profitability remains an important risk in the near future. Insights from our recent valuation report point to the potential overvaluation of NextNav shares in the market. Exploring Other Perspectives The Simply Wall St Community offers two retail fair value estimates for NextNav from US$0.39 to US$20. While some see sizable upside, others remain cautious. This contrasts sharply with growing concerns about capital requirements and persistent losses, suggesting the outlook is far from settled. Explore 2 other fair value estimates on NextNav - why the stock might be worth less than half the current price! Build Your Own NextNav Narrative Disagree with this assessment? Create your own narrative in under 3 minutes - extraordinary investment returns rarely come from following the herd. A great starting point for your NextNav research is our analysis highlighting 2 important warning signs that could impact your investment decision. Our free NextNav research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate NextNav's overall financial health at a glance. Want Some Alternatives? These stocks are moving-our analysis flagged them today. Act fast before the price catches up: Find companies with promising cash flow potential yet trading below their fair value. This technology could replace computers: discover 24 stocks that are working to make quantum computing a reality. The end of cancer? These 26 emerging AI stocks are developing tech that will allow early identification of life changing diseases like cancer and Alzheimer's. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NN. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
