
Concerns related to change in directorate may impact Crompton Greaves’ valuation: ICICI Securities
The brokerage firm has maintained a ‘Buy’ rating for the company, with a revised target price of ₹325.
The brokerage firm has maintained a ‘Buy’ rating for the company, with a revised target price of ₹325.
There will be no change in relative positioning despite worsening macros as it has not translated to client cutting spending on existing projects, says ICICI Securities.
OMCs such as IOCL, BPCL, and HPCL are likely to swing back to the black, thanks to sharp narrowing of marketing losses on retail fuels and steady GRMs.
Exchange volumes declined sequentially for commodity, equity derivatives, and cash segments in October, as per data analysed by ICICI Securities.
The recent fall in international crude and product prices has helped state-owned OMCs to narrow their marketing losses.
The duration of the right-to-use spectrum has been kept unchanged at 20 years, versus 30 years announced earlier, which is positive for telcos, and significantly restricts the total spectrum payout.
The stock has tanked over 66% from its issue price of ₹2,150 in less than four months.
ICICI Securities initiates coverage on Paytm with a 'Buy' rating, indicating an upside of 67% from the stock's current level.
Top brokerages list stocks that are likely to do well in Samvat 2078.
Here’s how the key indices moved in a year marred by a slowing economy, rising crude oil prices, and trade tensions between the U.S.and China. But FPI flows were a bright spot.