Shares of Pine Labs Ltd. were trading higher on Wednesday, April 15, after brokerage firm Citi initiated coverage on the stock. Citi has initiated coverage with a “buy” rating on Pine Labs with a price target of ₹235 per share, implying an upside of 31.3% from its previous closing price. The brokerage said India’s payments…
The Nifty IT index has staged a notable recovery, rising 8% since April, even as the sector continues to grapple with deep cuts over the past year. Despite the recent rebound, the index remains down 23% on a one-year basis. The recovery appears to be driven by a mix of positioning and valuation comfort. According…
Shares of CG Power and Industrial Solutions Ltd. gained as much as 5% on Wednesday, April 15, as the company’s wholly-owned subsidiary Axiro Semiconductor Pvt. Ltd. announced a strategic investment in EdgeCortix. It said the investment is aimed at accelerating the development and commercialisation of EdgeCortix’s energy-efficient AI processing solutions. CG Power is further deepening…
Venugopal Manghat, CIO–Equity at HSBC Mutual Fund, which manages funds worth over $14 billion, advised against aggressive positioning in the market right now. but noted that corrections across sectors have created opportunities. Manghat has maintained cash levels between 2% and 5%, and focused on restructuring portfolios without making large directional shifts. Among sectors, he sees…
Nitin Bhasin, Head of Institutional Equities at Ambit, said market positioning remains focused on stability, with flows shifting toward large-cap stocks and select banks. While some sectors may see short-term gains linked to currency movement and sector rotation, caution remains due to earnings visibility and competition trends. Energy and power themes are evolving, with a…
As the earnings season gathers pace, a fresh set of companies is lined up to announce their fourth-quarter results on April 20, offering investors deeper insights into sectoral performance and business trends at the close of the financial year. The upcoming earnings calendar features a mix of players from the banking, financial services, auto, and…
Shares of Abbott India Ltd. gained on Wednesday, April 15, even as brokerage firm JPMorgan reduced its rating and cut its target price by 19.11%. JPMorgan has downgraded the stock to ‘neutral’ from ‘overweight’ and has cut its target price to ₹27,500 per share from the previous ₹34,000 apiece. It said the company has a…
ASML is breathing hope amid war gloom, as it raised its first-quarter revenue and profit projections and increased its sales target for 2026. This comes amid the ongoing demand for AI-related chips. Net sales jumped to €8.8 billion ($10.4 billion) as opposed to the anticipated €8.5 billion. Net profit rose to €2.8 billion as opposed…
As markets gear up for the next phase, one key trigger investors and traders alike need to closely monitor is the earnings season. The reason is simple—markets are gradually shifting into a sector-driven phase, where some industries could outperform sharply while others may continue to lag. The stocks highlighted this week reflect a noticeable improvement…
US macro data and ongoing geopolitical shifts Santosh Meena, Head of Research at Swastika Investmart Ltd, said, “The primary driver for the coming week will be the deluge of Q4 earnings reports, alongside a keen focus on US macro data and ongoing geopolitical shifts.” Last week, the BSE benchmark Sensex jumped 943.29 points, or 1.21…
