Macquariehas maintained its ‘outperform’ rating on Titan with a target price of Rs 4,000. Analysts said that the company in the Jan-March period reported healthy jewellery sales growth that was above estimates. The growth was led by double-digit growth in ticket size with single-digit buyer growth. They said Titan’s healthy growth in Q4 was encouraging…
India is anticipated to regain its position relative to Emerging Markets in 2025, supported by several fundamental factors. (AI image) Indian equity benchmark indices, BSE Sensex and Nifty50, may have crashed from their September 2024 peaks, but the market still looks attractive in the long-term, says Morgan Stanley. In its latest report on ‘India Equity…
Top stocks to buy (AI image) Macquariehas initiated its coverage of Adani Ports & SEZ with an ‘outperform’ rating and a target price of Rs 1,500. According to analysts the company is well positioned to capitalise on India’s long-term growth potential due to its businesses’ thematic alignment with the nation’s development. Visibility of healthy recurring…
Bernstein maintained its ‘outperform’ call on Infosys with a target price of Rs 2,330 (+28%). Analysts said that during the Oct-Dec quarter, the company delivered another all-round beat across revenue, margin and earnings. Also, FY25 revenue growth guide was raised by 60 basis points to 4.5-5% ahead of street estimates. They continue to see upcycle…
OpenAI CEO Sam Altman with Microsoft CEO Satya Nadella OpenAI and Microsoft are locked in a high-stakes negotiation over how to translate Microsoft’s nearly $14 billion investment into equity as the AI startup transitions to a for-profit corporation, according to a Wall Street Journal report. This pivotal discussion comes as tensions emerge in their once-celebrated…
Representative image Shares of Tata Group company Trent rallied 7.3% to its new all-time high of Rs 7,998 on the BSE today after launching its new lab-grown diamond (LGD) brand ‘Pome’ in Westside stores. Currently, the brand has been launched in select Westside stores in Mumbai, Bengaluru, Hyderabad and Gurgaon). This seems like a pilot…
Amazon may eliminate approximately 14,000 manager positions by early 2025, potentially saving up to $3 billion per year, according to a recent Morgan Stanley analysis. This move aligns with CEO Andy Jassy‘s goal to increase the ratio of individual contributors to managers by at least 15% by the end of Q1 2025.Jassy aims to increase…
