Shares of VA Tech Wabag Ltd. gained in early trade on Friday, June 19, after the company said it has won a ‘mega’ seawater reverse osmosis (SWRO) project in Kuwait. The company classifies international orders above $150 million as “mega” orders. According to VA Tech Wabag’s exchange filing, it secured the contract for the Doha…
Shares of Aurobindo Pharma Ltd. gained as much as 2% on Friday, June 19, after the company announced plans to divest four generic pharmaceutical products as part of the regulatory process to complete its proposed $250 million acquisition of US-based Lannett Company. The company said the products will be divested to Quagen Pharmaceuticals to address…
Arete Research set a price target for SpaceX on Thursday of $401 for the end of 2027. Shares closed on Wednesday close to $192 but were down more than 6% in afternoon trading on Thursday. One Wall Street firm thinks SpaceX shares could more than double from their current level. Continue Reading with CNBC-TV18 Access…
Indian IT services stocks came under fresh pressure after Accenture cut its guidance, with Moshe Katri, Managing Director, FinTech & Tech-Enabled Services Investment Banking at Wedbush Securities, saying the sector’s problems extend beyond the results of a single company. According to Katri said, “The good news from what we have seen so far is that…
next week’s inflation print could prove too hot, especially after the Fed raised its core PCE forecast to 3.3% in 2026, up from 2.7% previously. According to 22V Research, core PCE will have to come in at a monthly rate of just 0.21% to even meet the new Fed forecast. Next week’s inflation data just…
Shares of Varun Beverages Ltd. can rise 23% as per brokerage firm CLSA’s latest report on Friday, June 19, which showcases a positive outlook for the stock after the company’s recent announcement. The brokerage has a “high conviction outperform” rating on Varun Beverages with a price target of ₹654 per share. According to CLSA, Varun…
India’s macroeconomic outlook could improve in the coming months as lower crude oil prices and a government initiative aimed at attracting non-resident Indian (NRI) deposits support the country’s external position, according to Robert Subbaraman, Head of Global Macro Research at Nomura Singapore. Subbaraman said Nomura expects the measures to attract overseas deposits of nearly $55…
The delayed and deficient rainfall in June could weigh on India’s sugar sector if the situation persists, according to Prashant Biyani, Vice President-Institutional Equity at Elara Securities. Biyani said Maharashtra and Karnataka are the most vulnerable states during years of weak monsoon and El Niño conditions, as both regions rely heavily on rainfall for sugarcane…
Siddhartha Khemka, Head of Research, Wealth Management, Motilal Oswal Financial Services, remains cautious on Bata despite the appointment of a new CEO, citing market share losses and valuation concerns. He is positive on Amber Enterprises due to its Oppo manufacturing partnership and expects mobile operations to contribute meaningfully from FY28-FY29. He also sees upside in…
Shares of FSN E-Commerce Ventures Ltd., the parent company of Nykaa, extended their rally for a third consecutive session on Friday, June 19, after brokerages turned increasingly optimistic following the company’s Investor Day presentation and long-term growth roadmap. Global brokerage Nomura reiterated its ‘Buy’ rating on the stock with a target price of ₹317, citing…
