
Hero MotoCorp, Bajaj Auto shares hit 52-week high after JP Morgan raises target price
JP Morgan raised the target price of Bajaj Auto from ₹6,100 to ₹6,400, whereas the target price for Hero MotoCorp has been revised from ₹3,500 to ₹3,750.
JP Morgan raised the target price of Bajaj Auto from ₹6,100 to ₹6,400, whereas the target price for Hero MotoCorp has been revised from ₹3,500 to ₹3,750.
The brokerage expects most IT services firms to miss current expectations and placed Infosys, TCS and MphasiS on negative catalyst watch
First Republic Bank has been touted as the “weakest link” in the US banking system after the collapse of the Silicon Valley Bank in March this year.
JP Morgan has set a price target of ₹520 on the counter, implying a potential downside of 44% on its closing price on Friday.
The latest note by JP Morgan comes four days after Fitch said there's no immediate impact on the credit ratings of Adani group entities and securities after the Hindenburg report.
With limited new stress formation and system growth itself picking up, JP Morgan sees further scope of re-rating at PNB.
JP Morgan India has initiated coverage on LIC of India with an 'overweight' rating and a target price of ₹840.
The agency has downgraded TCS, HCL Tech, Wipro, and L&T Tech, but maintained an overweight rating on Infosys, Mphasis, and Tech Mahindra with reduced target prices.
Ola will utilise the loan to expand across various verticals including ride hailing, vehicle commerce, food delivery, quick commerce and financial services.
The emergence of new classes of capital for startups has become a way of gauging how mature the ecosystem has become. One such is revenue-based financing, or RBF.