Latest news with #ArunikaJain
Business Upturn
09-05-2025
- Business
- Business Upturn
Brokerages bullish on L&T, Titan sees neutral tone; Macquarie cuts targets on Pidilite, Britannia
A slew of brokerage reports released on May 9 offer fresh insights into institutional sentiment on key Indian stocks. Engineering major Larsen & Toubro (L&T) attracted widespread optimism, while views on Titan Company remained largely neutral with a slight tilt toward caution. Pidilite Industries and Britannia drew negative commentary from select analysts. L&T share Multiple brokerages reiterated their Buy ratings on L&T, reflecting continued confidence in the company's execution track record and future growth visibility. Axis Capital maintained its Buy call and raised the target price to ₹4,050 from ₹3,990. Investec also maintained a Buy and revised the target upward to ₹4,115 from ₹4,030. Jefferies followed suit, keeping its Buy rating with a new target of ₹3,965, up from ₹3,930. Bernstein reaffirmed Buy with a target price of ₹3,922. Haitong, however, cut its target from ₹4,050 to ₹3,800, still retaining a Buy stance. Goldman Sachs maintained a Neutral rating, trimming the target to ₹3,260, signaling a more cautious outlook. Titan share Fund houses held neutral to cautious views on Titan, despite slight target price hikes. Axis Capital maintained a Hold with a target of ₹3,700. Morgan Stanley stayed Overweight, raising its target to ₹3,876. Macquarie continued with an Outperform call and set a target at ₹4,000. Jefferies and Haitong both settled at a Hold/Neutral rating with a target of ₹3,600. Ambit maintained a Sell view with a target of ₹3,041. Morgan Stanley also has a Underweight stance in another coverage, targeting a much lower ₹2,126. Pidilite and Britannia share Macquarie remained bearish on both Pidilite and Britannia, maintaining Underperform ratings. For Pidilite, the target was cut to ₹2,600. For Britannia, the revised target stood at ₹4,600. These fund house recommendations come at a time when markets are actively reacting to Q4FY25 earnings and FY26 guidance commentary, offering key inputs for institutional and retail investors alike. Disclaimer: This article is for informational purposes only. Business Upturn does not provide stock recommendations or investment advice. Please consult a certified financial advisor before making investment decisions. Arunika Jain, a graduate in Mass Communication, brings a fresh perspective to the world of journalism. Arunika has a passion for writing finance and corporate news at You can write to her at [email protected]
Business Upturn
09-05-2025
- Business
- Business Upturn
Asian markets trade flat; US futures steady after Wall Street rally on UK deal
By Arunika Jain Published on May 9, 2025, 07:50 IST Global equity markets opened Thursday on a mixed note amid muted overnight sentiment and cautious optimism following a Wall Street rally. The gains in U.S. markets were spurred by the announcement of a new trade deal framework between the United States and the United Kingdom, while investors remained watchful for progress on broader trade negotiations, including a potential agreement with China. U.S. stock futures showed minimal movement in early Asian hours. Dow Futures slipped 39 points or 0.09% to 41,329, while the Nasdaq Futures edged up 4 points or 0.02% to 20,068. The U.S. Small Cap 2000 Futures declined by 6 points or 0.28% to 2,021. European futures signaled cautious optimism, with Germany's DAX Futures rising 32 points or 0.14% to 23,501 and the UK's FTSE Futures gaining 19 points or 0.22% to 8,558. In Asia, indices displayed a mixed trend. Japan's Nikkei outperformed with a gain of 427 points or 1.16% at 37,356, supported by tech and export-heavy stocks. Taiwan's Taiex Futures also moved higher by 60 points or 0.29% to 20,638. However, South Korea's KOSPI slipped marginally by 1.2 points or 0.04% to 2,578, while Hong Kong's Hang Seng Futures were down 11 points or 0.05% at 22,738. India's Gift Nifty indicated a weaker start for domestic equities, trading 290 points lower at 23,982, a drop of 1.20% on an adjusted basis. In the previous U.S. session, the Dow Jones Industrial Average climbed 255 points or 0.62% to close at 41,369. The Nasdaq Composite advanced 190 points or 1.07% to finish at 17,928, buoyed by strong buying in technology stocks. Arunika Jain, a graduate in Mass Communication, brings a fresh perspective to the world of journalism. Arunika has a passion for writing finance and corporate news at You can write to her at [email protected]
Business Upturn
08-05-2025
- Business
- Business Upturn
Brokerages bullish on MRF, PNB, HPCL; Dabur target trimmed by several firms
By Arunika Jain Published on May 8, 2025, 07:48 IST A flurry of brokerage reports has placed multiple Indian stocks under the spotlight today, with several firms receiving fresh targets and ratings from global investment houses. Here's a quick wrap of the key recommendations from leading fund houses: CLSA has maintained an Accumulate rating on MRF, raising its target price sharply from ₹1,28,000 to ₹1,68,000 per share, indicating a positive outlook. It has also kept an Accumulate call on Punjab National Bank (PNB), hiking the target to ₹120 from ₹80. On Voltas, CLSA has two differing views—while it maintains a Buy call with a target of ₹1,850, it also issues a separate Hold rating with a lower target of ₹1,375. Citi has reaffirmed its Buy stance on HPCL and Mahanagar Gas Ltd (MGL), raising their target prices to ₹510 and ₹1,700 respectively. However, it retains a Neutral view on Coal India, albeit with a higher target of ₹395, and a Sell rating on PNB, with a ₹91 target. Emkay has resumed coverage on the Cement sector, initiating Buy ratings on UltraTech Cement, ACC, and JK Cement, reflecting positive sentiment for infrastructure-linked demand recovery. Dabur India remains a stock of contention, drawing neutral to negative views across brokerages. Jefferies maintains a Buy but slashes the target to ₹590 from ₹660, while Goldman Sachs cuts it to ₹500 from ₹540 with the same rating. CLSA moves from ₹538 to ₹521 with a Hold, and Macquarie remains Neutral with a target of ₹480. In contrast, JP Morgan, Citi, and Morgan Stanley issue negative outlooks, with targets as low as ₹396 (MS: Underweight). Other notable calls include Nomura's downgrade of Bank of Baroda to Neutral with a ₹235 target, and a Buy on CG Power with a slightly reduced target of ₹825. As earnings season unfolds, these brokerage reports are expected to influence investor sentiment and market activity across sectors. Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors should consult certified financial advisors before making investment decisions. Arunika Jain, a graduate in Mass Communication, brings a fresh perspective to the world of journalism. Arunika has a passion for writing finance and corporate news at You can write to her at [email protected]
Business Upturn
05-05-2025
- Business
- Business Upturn
Morgan Stanley bullish on India's long-term story; bets on financials, industrials
By Arunika Jain Published on May 5, 2025, 07:37 IST Morgan Stanley has outlined its latest India Strategy, projecting that India is likely to outperform during a global bear market but may underperform in a global bull market. The firm believes the ongoing global uncertainty presents a buying opportunity for India's long-term structural story, though it warns that investors must be prepared for periods of external-driven volatility. According to the strategy note, patience will be key, as negative headlines from global markets could weigh on sentiment in the near term. However, the brokerage believes the long-term rewards from India will outweigh the short-term risks. In terms of sector preferences, Morgan Stanley is overweight on domestic cyclicals, specifically backing financials, consumer discretionary, and industrials. The firm has adopted an underweight stance on energy, materials, utilities, and healthcare, reflecting a cautious outlook on sectors sensitive to global macro and commodity cycles. The report emphasizes that the current environment is likely to favor stock pickers rather than those relying on top-down or macro-driven strategies, a shift from the broad-based trends witnessed during the pandemic years. Morgan Stanley added that it remains capitalization-agnostic, indicating a neutral view on large-cap vs. mid/small-cap allocations. Disclaimer: This report is for informational purposes only and does not constitute investment advice. Stock market investments are subject to market risks. Please consult a qualified financial advisor before making any investment decisions. Arunika Jain, a graduate in Mass Communication, brings a fresh perspective to the world of journalism. Arunika has a passion for writing finance and corporate news at You can write to her at [email protected]
Business Upturn
02-05-2025
- Business
- Business Upturn
Gold Price Today: XAU/USD gains to $3,246.19; gold up by 0.25% in early trade on May 2
Gold prices moved higher in early Thursday trade, with XAU/USD climbing to $3,246.19, registering a gain of $8.01 or 0.25%, according to real-time data as of 07:49:32 IST. The day's price range so far stands between $3,227.60 and $3,247.36, while the 52-week range remains at $2,277.47 to $3,500.33. The gains come amid cautious optimism in global markets, supported by steady haven demand and macroeconomic triggers including easing geopolitical anxieties and upcoming central bank cues. Disclaimer: This article is for informational purposes only and should not be considered investment advice. Readers are advised to consult their financial advisor before making any investment decisions. Arunika Jain, a graduate in Mass Communication, brings a fresh perspective to the world of journalism. Arunika has a passion for writing finance and corporate news at You can write to her at [email protected]
