The Indian rupee opened sharply higher against the US dollar on Thursday (May 21), strengthening by 52 paise to 96.30 per dollar compared with Wednesday’s (May 20’s) close of 96.82/$, as easing crude oil prices and softer US Treasury yields improved sentiment towards emerging market currencies. The domestic currency gained around 0.54% in early trade…
Dipan Mehta, Director of Elixir Equities says Metro Brands and Jubilant FoodWorks look fairly valued at 65-70x trailing earnings — better to wait for a dip. Apollo Hospitals impressed with record revenues and strong operating leverage. On large global IPOs like SpaceX, he warns that private equity has already captured the big gains, leaving public…
Shares of Epack Durable Ltd. fell as much as 10% on Thursday, May 10, in response to their fourth quarter results that were reported after market hours on Wednesday. The stock is retesting its IPO price of ₹230. Revenue for the quarter declined by 8% from last year to ₹591 crore, while the profits shrunk…
Shares of Jubilant Foodworks Ltd. fell as much as 8% on Thursday, May 21, after brokerage firm HSBC downgraded the stock, while Jefferies sharply cut its price target, in response to its fourth quarter results that were reported after market hours on Wednesday. 30 analysts now have coverage on Jubilant Foodworks, of which 20 have…
Shares of Lenskart Solutions Ltd. gained as much as 6% on Thursday, May 21, after the company reported its fourth quarter results. Six out of the 16 analysts who have coverage on the stock, have price targets in excess of ₹600 on the stock. Equirus Securities has the highest target for Lenskart at ₹662, followed…
Shares of Protean eGov Technologies Ltd., the e-governance solutions, systems integration, and IT consulting services provider, are locked in an upper circuit of 20% on Thursday, May 21, in response to their March quarter results. Yet, the stock remains an underperformer. For the March quarter, Protean eGov reported a 38.5% growth in its overall topline…
Shares of Aurionpro Solutions Ltd. rose as much as 4.5% on Thursday, May 21, after the company secured one of its largest US market wins — a $33 million fintech engagement through its US-based subsidiary Aurionpro Fintech Inc. The company said it has signed a strategic three-year agreement with a leading US-based digital insurance payments…
Shares of Bosch Ltd. declined over 5% on Thursday, May 21, after the company said it is cautiously optimistic for the financial year 2027 due to geopolitical tensions. The company, in its post-earnings conference call on Thursday, said the semiconductor supply issue has eased but the overall demand conditions remain fragile. For FY27, Bosch is…
India’s consumption story is finally showing signs of a broad-based recovery, with demand improving across fast-moving consumer goods (FMCG), paints, quick-service restaurants (QSR) and discretionary categories, according to Abneesh Roy, Executive Director of Nuvama Institutional Equities. Roy said companies are once again taking price hikes and seeing healthier growth after a sluggish few years. Roy…
Ashwini Agarwal, Founder & Partner, Demeter Advisors, said private sector banks and fast-moving consumer goods (FMCG) companies currently offer some of the strongest opportunities as earnings growth improves and valuations remain reasonable. He also said he is turning incrementally constructive on IT services companies due to rupee weakness and potential demand linked to artificial intelligence-related…
