Daily Headlinez Top News Updates
Morgan Stanley initiated its coverage on Fractal Analytics with the target price at Rs 946. Analysts said they see Fractal Analytics as a challenger in the tech services space. With its strong positioning in data and analytics (a segment growing faster than overall IT services spend), and its platform-centric approach to delivering agentic AI services,…
MUMBAI: India’s choc-a-block equity-raise calendar is shifting gears, with many companies pushing back fundraises amid West Asia-driven market volatility. Deals remain on hold, not off. “The immediate impact is that investors are less willing to add risk through new deals in the near term. This isn’t so much a pricing issue but a case of…
File photo (Picture credit: AP) US stocks were largely steady on Thursday, holding close to record levels as investors assessed a mixed set of corporate results and fresh labour market indicators. The S&P 500 was up 0.1% in early trade and is now just 0.5% shy of its all-time high, reported AP. The Dow Jones…
Emkay Global has downgraded ACC to sell due to weak margin trends and slower capex execution with the target price cut sharply to Rs 1,600 from Rs 2,280. Analysts said that ACC’s valuation revised to 7x EV/EBITDA (economic value/earnings before interest, taxes, depreciation and amortisation from 9x given deteriorating fundamentals. They have cut ACC’s FY27…
Jefferies has a buy rating on Adani Enterprises with the target price at Rs 2,940. Analysts said that the company has received committee of creditors (CoC) approval for its Rs 14,500 crore resolution plan for JAL (Jaypee), beating others with superior upfront payment terms. Adani Ent’s plan, subject to NCLT clearance, may involve carving out…
Jefferies has a buy on Reliance Industries with the target price at Rs 1,670. Analysts feel oil-to-consumer (O2C) profitability in April-September half H1FY26 is tracking a 15%-plus annual growth against the brokerage’s full-year forecast of 8%-plus on strength in auto fuels. Benefit of Russian crude, a key investor query, is limited to 2.1% of consolidated…
