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140% rally in 4 months! This smallcap aerospace stock soars 18% in 3 days to fresh lifetime high. Should you buy?
Aequs shares extended gains for a third straight session, surging over 18% during the rally to hit a record high after bullish initiations by IIFL Capital and Nuvama. The brokerages cited the company's strong aerospace manufacturing capabilities, robust order book and long-term growth prospects, with target prices implying up to 73% upside.
Adani Power's operating profit could compound by 20% over next three years, IIFL Capital projects
IIFL Capital expects Adani Power to expand its customer base beyond DISCOMs, foraying into firm power supply to commercial and industrial (C&I) customers.
IIFL bullish on Thermax, CG Power and ABB; sees Dixon's Vivo JV largely priced in
Renu Baid Pugalia, Senior VP-Research at IIFL Institutional Equities, shares her outlook on Thermax, CG Power, ABB and Dixon Technologies, highlighting margin recovery, export opportunities and key growth drivers in the capital goods sector.
Large NBFCs could see 3-5% earnings upgrades as borrowing costs ease: IIFL Capital
Viral Shah, Senior VP at IIFL Capital, said that credit growth trends remain healthy and asset quality is holding up despite economic uncertainties. Shah remains positive on diversified lenders such as Shriram Finance and Cholamandalam Investment, while cautioning that gold financiers remain heavily dependent on movements in gold prices.
IIFL Capital's GV Giri sees biggest upside in financials, bullish on metals and internet stocks
GV Giri, President and Head of Research – Institutional Equities at IIFL Capital Services, expects the current phase of earnings downgrades to end after the June quarter and sees lower crude oil prices as a key trigger for markets.
IIFL Capital initiates coverage on Aye Finance with 'Buy', sees 40% upside
IIFL Capital expects the company to deliver a 27 per cent AUM CAGR over FY26-FY29, while profit after tax (PAT) is projected to grow at a stronger 44 per cent CAGR
Small-cap NBFC stock Aye Finance rises 5% after IIFL Capital initiates coverage with 'buy'
Aye Finance shares surged 5% as brokerage IIFL Capital initiated coverage with a 'buy' rating, predicting a 40% upside potential. The small-cap stock has been witnessing healthy buying interest recently.
Fairfax India makes open offer to buy additional 26% in IIFL Capital Services
Fairfax India Holdings Corporation has launched an open offer to acquire an additional 26% stake in IIFL Capital Services. This move follows a Rs 2000 crore investment that increased Fairfax's holding to 38.47%. The offer is priced at Rs 350 per share for approximately 10 crore equity shares.
FIH Mauritius Launches Open Offer For 26% Stake In IIFL Capital
This could take the total outlay of the Fairfax group to IIFL Capital to Rs 5,505 crore.
Fairfax to inject ₹2,000 crore into Nirmal Jain's IIFL Capital for a majority stake
Preferential allotment and open offer could raise Canadian investor’s stake beyond 51% over time.
IIFL Capital share price zooms over 4% after issuance of preferential shares to Fairfax - Mint
IIFL Capital share price zooms over 4% after issuance of preferential shares to FairfaxMint
Fairfax India to raise stake in IIFL Capital to 51% with $211 million investment
Fairfax India is set to increase its ownership in IIFL Capital to 51 percent. This move involves an investment of 20 billion rupees. The capital infusion will bolster IIFL Capital's financial standing. It will also support the company's expansion across various financial services. This strategic investment comes amid a competitive market landscape for brokerages and wealth managers.