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The Latest Breaking News from JM Financial

ideaForge Technology shares drop over 9% in two days. JM Financial downgrades rating

ideaForge Technology shares fell 9.5% over two days after JM Financial downgraded the stock to Add from Buy, citing valuation concerns following a sharp run-up despite strong long-term prospects. The brokerage expects order inflows to remain weak in FY27 before recovering in FY28 and FY29, while execution momentum and operating…

The Economic Times

ideaForge Technology shares slide 5% after Q1 gross profit margin falls 49%

ideaForge Technology shares fell after its Q1 gross profit margin declined to 49% from 62% a year ago and 68% in the previous quarter. Gross profit rose to Rs 33.6 crore and revenue increased to Rs 68.6 crore, while EBITDA turned positive at Rs 4.3 crore.

The Economic Times

Hindalco share price: Why brokerages are reiterating their Buy calls, raising target prices after Q1 earnings

Hindalco shares fell despite the company reporting a record Q1 profit. However, brokerages remained bullish, citing strong India operations, improving downstream mix and a recovery at Novelis, while raising their target prices and retaining Buy ratings on the stock.

The Economic Times

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Ixigo posts record Q1 profit, but stock tumbles 9%. Here's what worried Dalal Street

Ixigo shares fell nearly 9% despite the online travel company reporting its highest-ever quarterly profit in Q1FY27. The stock came under pressure after brokerages turned cautious, citing continued investments in hotels, AI and other growth initiatives that could weigh on near-term profitability. Shares later pared losses but remained down over…

The Economic Times

Can Tips Music's Rs 44 crore share buyback boost its share price? Here's what JM Financial says

Tips Music's Rs 44.5 crore open-market share buyback is expected to support its stock price, according to JM Financial, which reiterated its 'Buy' rating. The brokerage cited strong profitability, healthy revenue and profit growth guidance, shareholder-friendly capital allocation, and over 20% upside despite near-term pressure from higher content investments.

The Economic Times

Swiggy shares fall 6% in 2 days despite strong Q1 earnings. Should you buy, sell or hold?

Swiggy shares declined six percent over two days despite reporting strong first-quarter earnings. The company's net loss decreased by thirty-four percent year-on-year in the first quarter. Revenue from operations increased more than thirty-seven percent year-on-year during the April-June quarter. Analysts offered mixed recommendations, with some maintaining buy ratings and others…

The Economic Times

GAIL India shares tumble 5% despite Q1 net profit doubling to Rs 4,665 crore. Buy, sell or hold?

GAIL India shares fell 5% despite the Maharatna PSU reporting a near doubling of Q1 FY27 consolidated net profit to Rs 4,665 crore. While JM Financial attributed the earnings beat to one-off gains in gas trading, it retained its 'Buy' rating and raised the target price to Rs 210, citing…

The Economic Times

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Swiggy contra view: Why JM Financial downgraded the stock to 'sell' despite strong Q1 results

Bajaj Finance shares jumped 5% after the NBFC reported a strong Q1 FY27 performance, with standalone net profit rising 28% YoY to Rs 6,081 crore and net interest income growing 23% to Rs 12,571 crore. Robust earnings prompted several brokerages to raise their target prices.

The Economic Times

ET Family Business Awards: How India Inc's next generation is balancing legacy with innovation

Indian family businesses are entering a new growth phase. Next generations balance legacy with innovation and measured risk. Family offices now deploy capital for startups and frontier technologies. Legacy groups focus on calibrated risk-taking and manufacturing capabilities. Succession planning and adapting to new markets are key challenges.

The Economic Times

SML Mahindra shares rally over 18% on acquisition of M&M’s truck division. What it means for shareholders?

SML Mahindra shares surged on Thursday after the company announced the Rs 525 crore acquisition of Mahindra & Mahindra's Truck and Bus Division. Analysts view the deal positively, citing stronger market positioning, operational synergies and long-term earnings accretion, though some near-term margin dilution could persist after the business integration.

The Economic Times

Dabur India shares fall 4% even as Q1 earnings meet estimates. What’s spooking investors?

Dabur India shares dropped over 4% on Thursday after reporting Q1 earnings. The company announced a 15% rise in net profit and 11% revenue growth. Brokerages noted steady performance, with home and personal care leading segment growth. Dabur expects double-digit revenue growth and improved margins for the fiscal year. Key…

The Economic Times

HUL shares rebound 2% after Q1 results. Here's what Morgan Stanley, Motilal Oswal and other brokerages are saying

Hindustan Unilever (HUL) shares rebounded 2.2% after brokerages retained bullish views despite the FMCG major reporting a 3% YoY decline in Q1 FY27 net profit that missed estimates. Revenue rose 10% to Rs 17,341 crore, driven by its strongest underlying sales growth in 13 quarters. The profit decline was due…

The Economic Times

Ambuja Cements share price target: Nuvama, Motilal, other brokerages see up to 30% upside. Here's why

Ambuja Cements shares rose over 1% despite reporting a 34% YoY decline in Q1 FY27 consolidated net profit to Rs 577 crore. Revenue fell 7.5%, while EBITDA dropped 19% and margins narrowed due to higher fuel and raw material costs amid the West Asia crisis. Despite the weak quarter, brokerages…

The Economic Times

Suzlon Energy share price target: Brokerages see up to 35% upside potential. Here’s why

Suzlon Energy's net profit fell nearly 6% year-on-year in the first quarter. Revenue from operations, however, grew over 22% during the same period. The company achieved its highest-ever first-quarter deliveries at 506 MW. Analysts maintain buy ratings, though some lowered price targets due to margin pressures. Geopolitical issues and logistics…

The Economic Times

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The Economic Times

L&T shares rise 4% after Q1 earnings. Why Goldman Sachs, other brokerages remain bullish?

Larsen & Toubro (L&T) shares climbed after the company reported a 14% YoY rise in Q1 FY27 net profit to ₹4,123 crore. Revenue from operations grew 7% to ₹67,942 crore, with international business contributing 51% of total revenue. Following the strong earnings, brokerages maintained their 'Buy' ratings on the stock.

The Economic Times

Dr Lal PathLabs shares soar 8% after Q1 earnings beat estimates. What Nomura, Nuvama, other brokerages are saying?

Dr Lal PathLabs shares surged after a strong Q1FY27 earnings beat, driven by higher realisations and price hikes. Brokerages including Nomura, Nuvama and JM Financial raised target prices, citing robust growth outlook, network expansion and improving margins, with continued momentum expected from diagnostics demand and strategic investments.

The Economic Times

Bank of Baroda shares fall 2% after Q1 earnings. Why are brokerages slashing target prices?

Bank of Baroda shares fell after a sharp 72% drop in Q1 net profit due to a one-off NMC Health settlement. Brokerages cut target prices despite stable core performance. Margins, fee income and upcoming ECL norms remain key concerns, though asset quality and loan growth trends offer some support.

The Economic Times

Hindustan Zinc shares gain 2% as Q1 net profit soars 145% YoY. Should you buy, sell or hold?

Hindustan Zinc shares: The company posted a robust Q1 FY27 performance, prompting several brokerages to reiterate their 'Buy' ratings. The Vedanta Group firm's net profit jumped 145% YoY to Rs 5,469 crore, while revenue surged 77% YoY to Rs 13,747 crore. Total expenses rose 33% YoY to Rs 6,749 crore,…

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The Economic Times

IndiGo shares sink 3% after Rs 238 crore Q1 loss, but why are Citi and Nuvama raising target prices?

InterGlobe Aviation (IndiGo) reported a Q1FY27 net loss of Rs 238 crore as soaring fuel costs pushed expenses ahead of revenue growth. Despite the earnings miss, brokerages including Citi and Nuvama retained their 'Buy' ratings and raised target prices, citing strong yields, pricing power, disciplined capacity expansion and long-term growth…

The Economic Times

Meesho shares crack 5% as weak Q2 outlook spooks Street; Citi, Morgan Stanley react

Meesho shares fell after the company warned of slower NMV growth in the September quarter due to the rescheduling of its flagship festive sale and higher customer acquisition spending. While the outlook weighed on sentiment, the e-commerce firm narrowed its quarterly loss to Rs 133 crore from Rs 289 crore…

The Economic Times

HDFC Bank shares slide 10% in four days after Q1 results but brokerages see up to 40% upside. Here’s why

HDFC Bank shares have fallen nearly 10% in four sessions since its Q1 FY27 results despite reporting steady earnings growth. Brokerages remain bullish, citing improving margins, healthy loan growth, lower credit costs and attractive valuations, with target prices implying upside potential of up to 40% from current levels.

The Economic Times

India's data centre sector poised for growth, but land, power access issues remain: Report

India's data centre sector is set for significant expansion as rising artificial intelligence (AI) adoption, cloud computing and enterprise digitalisation fuel demand, though challenges related to land acquisition, power availability and execution complexity are likely to shape the pace of growth, according to a report by JM Financial.

The Economic Times

Bajaj Auto shares rise over 2% after Q1. Should you buy, sell or hold the stock?

Bajaj Auto shares rose 2.5% after the company reported a 46% year-on-year jump in Q1FY27 net profit to Rs 3,226 crore, while revenue surged 65% to Rs 21,689 crore. Following the strong performance, Motilal Oswal upgraded the stock to 'Buy' from 'Neutral', raising its target price to Rs 12,096, implying…

The Economic Times

Eternal Q1 Results Preview: All eyes on Blinkit to drive earnings. Here's what investors can expect

Eternal is expected to deliver a steady June-quarter, led by strong Blinkit growth through store expansion and higher order values. Investors will monitor quick commerce profitability, food delivery margins, competitive intensity and management commentary on sustaining growth amid aggressive market expansion.

The Economic Times

MSCI India rejig: Eternal likely to see highest inflows at $648 mn; Lenskart, Groww among Nuvama’s expected inclusions

MSCI’s August India Standard Index review could trigger major passive inflows, with Eternal expected to attract the highest at $648 million, according to Nuvama. The brokerage sees Laurus Labs, Adani Energy Solutions, Lenskart and Groww among likely inclusions, while Balkrishna Industries, SBI Cards and Astral face potential exclusions.

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