IT stocks under stress as JP Morgan reiterates 'negative' stance; Infy, TCS lead fall
The brokerage expects most IT services firms to miss current expectations and placed Infosys, TCS and MphasiS on negative catalyst watch
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JP Morgan Chase acquires First Republic Bank
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.
KPIT shares tank 12% as JP Morgan sees 44% downside
JP Morgan has set a price target of ₹520 on the counter, implying a potential downside of 44% on its closing price on Friday.
JP Morgan says Adani group eligible for its key indexes
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.
JP Morgan upgrades PNB to 'overweight'; stock jumps
With limited new stress formation and system growth itself picking up, JP Morgan sees further scope of re-rating at PNB.
LIC share rises on rating boost; JP Morgan sees 29% upside
JP Morgan India has initiated coverage on LIC of India with an 'overweight' rating and a target price of ₹840.
JP Morgan downgrades Indian IT sector on margin, revenue concerns
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 raises $500 million debt in run-up to IPO
Ola will utilise the loan to expand across various verticals including ride hailing, vehicle commerce, food delivery, quick commerce and financial services.
Diversifying your private market portfolio
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.
Covid-19 failed to derail India’s investment banking
Despite the raging Covid-19 pandemic and economic disruptions due to it, Indian investment banking activities grew, hitting a three-year high in 2020, with revenues touching $1.03 billion.
