ICICI Sec has trimmed its target price to ₹1,725, but has retained 'Buy' rating as it sees an attractive entry point for long-term investors post recent 20 per cent stock correction over 12 months
The brokerage has reiterated 'Buy' on Polycab India (target ₹9,110) and KEI Industries (target ₹4,960) and a 'Neutral' rating on Havells India (target ₹1,640) and R R Kabel (target ₹ 1,470)
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Goldman Sachs top stock picks: Tech charts predict up to 19% upside for Reliance, Titan, PTC Industries; Havells India, however, may underperform in the near-term; check key levels for these 4 stocks.
Among sectors, their biggest 'conviction' as regards India is on the defence sector, where Goldman Sachs believes PTC Industries is scores over its peers
The company's revenue for the second quarter rose 5.2 per cent Y-o-Y to ₹4,779.33 crore, as against ₹4,539.31 crore. On a quarter-on-quarter (Q-o-Q) basis, the revenue fell 12 per cent
Around 7:20 AM, GIFT Nifty futures were down 41.6 points at 25,614.5, indicating a negative start.
The breadth and depth of the new rate cuts, analysts at Bernstein said, especially in the fast-moving consumer goods (FMCG) categories saw rate reductions well beyond what they thought was possible
Aditya Birla Fashion, Adani Total Gas, CESC, Granules India, IRB Infrastructure, Jindal Stainless, Poonawala Fincorp and SJVN are the eight stocks to exit derivatives segment post August expiry.
The early arrival of the monsoon impacted seasonal sales for Room ACs, making Q1 a more subdued start to the year.
Havells India reported a 14.72 per cent Y-o-Y decline in consolidated profit after tax to ₹347.53 crore in Q1FY26
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The consolidated total expenses of the company remained flat at ₹5,054.78 crore in Q1 FY26
Q1 FY26 company results, July 21: Havells India, Oberoi Realty, CRISIL, UCO Bank, PNB Housing Finance, and DCM Shriram will release their April-June quarter earnings reports today
Nomura said scrapping the 12 per cent GST slab could bring major tax relief for tractors and ACs, boosting demand and pricing.