Domestic brokerage firm Kotak Institutional Equities, in a recent report, reiterated its bearish stance on NHPC following the company’s mixed performance in the quarter ending June. The brokerage maintained its ‘sell’ rating on NHPC, setting a target price of ₹68, which suggests a potential downside of 31% from the stock’s recent closing price of ₹98.80. … Read more
Eminent investor Basant Maheshwari in his YouTube live, on June 4, warned the PSU stocks holders as the market momentum from PSU, defence and renewable energy could shift amid formation of new government. Several brokerages had identified several stocks (Modi stocks) which could gain from the emergence of a Modi 3.0 government. Modi stocks are … Read more
Adani Group stocks have witnessed significant investor interest in recent months, evident from notable surge in the share values. The group’s decent performance in the third quarter has further bolstered the group stocks to trade at higher levels. Most of the group’s stocks have made a robust recovery since the release of a critical report … Read more