Despite multiple headwinds, brokerages believe the company is well-positioned to benefit from a revival in demand going forward
Any hike in welfare spending could act as a sentimental positive for cement and rural recovery, said Jefferies, betting on Bharti Airtel, Ultratech Cement and TVS Motor to benefit from such calls
The company - which competes with startups such as Zerodha, Groww and Upstox - reported a third-quarter profit that rose 8 per cent to Rs 281 crore ($32.4 million) from a year earlier
According to estimates by various brokerages, the combined net profit of the Nifty 50 companies could grow 7.9 per cent year-on-year
War chest of opportunities: DefMin loads new tech ammo to fortify revenue and earnings potential
These stocks, handpicked by top brokerages, offer a blend of value and growth
Relli highlighted potential policy disruptions in the United States next year that could fuel inflation, with monetary policy responses being insufficient to address these challenges
The brokerage believes that the company's valuations are full, while key projects need to demonstrate growth
Fundamentals strong but earnings growth uncertainty, elevated valuations seen capping upside
Company says brokerage's report on sales does not give 'full or accurate picture'
State's real estate regulator says Clause 15A recognises the right of real estate agents to receive payment in the form of fees, charges, commissions, remuneration
Britannia reported its Q2FY25 results on Monday, after market hours. PAT declined by 9.6 per cent to Rs 531 crore
The BSE Sensex has surged 23.26 per cent, while the Nifty50 climbed 25.29 per cent thus far in Samvat 2080
Angel One reported a healthy 44 per cent year-on-year jump in its consolidated profit after tax at Rs 423.4 crore, in the September 2024 quarter.
Low costs, higher margins may drive sequential pickup in profit growth
Among individual stocks, 5Paisa declined 7.65 per cent, followed by IIFL Securities (down 4.76 per cent), Geojit Financial Services (down 3.32 per cent) and MOFSL (down 3.15 per cent).
The rise in Angel One share price came after the company announced that it will revise brokerage charges with effect from November 1, 2024
Nithin Kamath said that Zerodha had a profit of Rs 4,700 crore for FY24, with customers holding over Rs 5.66 trillion in demat accounts. The company now aims to reduce its reliance on F&O for revenue
Given these triggers, brokerages believe that premium valuations for the stock are justified
Shares of Geojit Financial Services hit a record high of Rs 154.60, after surging 14 per cent on the BSE in Tuesday's intra-day trade amid heavy volumes.