Following better-than-expected September quarter results, global brokerage firm Nomura India has reaffirmed its 'Buy' rating on Vodafone Idea, setting a target price of ₹14. Q2 Earnings Performance Vodafone Idea's financials for the September quarter showed a narrowing of losses to ₹7,175 crore from ₹8,746 crore in the same period the previous year. Investment Rationale and Strategic Outlook Nomura India outlined …
Defence public sector undertaking Bharat Electronics Ltd showcased an impressive performance in the June quarter with crucial parameters better than the Street’s estimates. This is driven by factors including execution of base orders mainly received as part of import substitute in the past three years, cost savings via higher outsourcing from local vendors and better operating leverage. For now, a …
Rossari Biotech share price traded over a percent higher on Friday after domestic brokerage firm Anand Rathi initiated coverage on the stock on expectations of strong growth. {{^adFree}} {{/adFree}} Anand Rathi has assigned a ‘Buy’ rating on Rossari Biotech shares with a target price of ₹950 apiece, implying an upside potential of nearly 26% from its Thursday’s closing price. With …
