Noida-based real estate developer Max Estates plans to monetise a development portfolio worth around ₹17,200 crore over the next three years and expects demand in the Delhi-NCR market to remain healthy. Nitin Kansal, Chief Financial Officer of Max Estates believes the residential market is increasingly being driven by genuine homebuyers, with customers placing greater emphasis…
Rajesh Ganesh, MD & CEO of Bajel Projects, expects revenue and EBITDA to continue growing in 2026-27 (FY27) despite challenges from commodity volatility and geopolitical uncertainty. He said the company remains focused on its “Rasta 2030” strategy, with execution at the centre of its growth plans after delivering a record 17 projects in the previous…
Shares of Poonawalla Fincorp Ltd. will be in focus on Thursday, June 4, after global brokerage firm Jefferies initiated coverage on the stock with a ‘Buy’ rating and a price target of ₹490 per share. The target price implies a potential upside of nearly 23% from the stock’s closing level on Wednesday. Jefferies believes Poonawalla…
Brokerage firm Citi has initiated coverage on four power electrical equipment stocks in its latest note on Thursday, June 4, of which, it has a “buy” recommendation on three of them and a “neutral” rating on one. Even as Power T&D OEMs have re-rated in 2026 on hopes of increased capex expectations, Citi sees further…
The Indian rupee opened marginally higher by 1 paise at 95.70 against the US dollar on Thursday (June 4), compared with its previous close of 95.71, even as persistent foreign fund outflows, elevated crude oil prices and geopolitical tensions in the West Asia kept pressure on the currency. Foreign portfolio investors sold nearly $600 million…
Shares of Angel One Ltd. are trading higher today, after the broking firm reported its business update for the month of May on Thursday, June 4. The company’s client base increased by 1% on a month-on-month basis to 38.17 million from 37.79 million in April. On a year-on-year basis, the metric grew by 19.5%. Gross…
Hola! It’s the weekend, you’ve just managed to get through a really exhausting week, but want to know how the markets were. But don’t know where to begin? Don’t worry, we have you covered! Starting today, every weekend, we’ll bring to you MARKETS ESPRESSO, the CNBC-TV18 Newsletter that summarises all the big market voices through…
Dipan Mehta, Director at Elixir Equities, said new-age IT firms such as Happiest Minds, Persistent Systems and Coforge are well placed to benefit from the AI-led disruption in technology services. He also favoured diversified NBFCs over banks and highlighted opportunities in mining companies like NMDC and Hindustan Copper. However, he cautioned that elevated crude oil…
Shares of Indian Energy Exchange Ltd. (IEX) gained in Thursday’s trade after the company reported robust operating metrics for May. IEX recorded traded electricity volumes of 12,983 million units (MUs) during the month, marking an 18.6% increase compared to the same period last year. The average market clearing price in the Day-Ahead Market (DAM) stood…
Shares of ICICI Bank Ltd. have recovered from the day’s low on Thursday, June 4, and are trading with gains. In a note, brokerage firm Motilal Oswal Financial Services has projected a 41% upside on the country’s second-largest private lender Motilal Oswal has a “buy” rating on ICICI Bank with a price target of ₹1,750…
