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Dixon Tech Shares In Focus After Long-Awaited Vivo JV Approval; Motilal Oswal Remains Bullish — Check Revised Target Price
Dixon has received the long-pending PN3 approval for its 51:49 JV with Vivo and Motilal Oswal expects this JV to enhance the company's manufacturing capabilities and strengthen its market share and positioning in the Android smartphone market in India.
Stocks in news: TCS, Groww, Shriram Finance, Dixon Tech, Anand Rathi Wealth
Indian markets saw a rebound on Thursday, recovering from Wednesday's sharp sell-off. TCS reported a 5% year-on-year profit growth, and Groww affirmed its direct mutual fund strategy. Shriram Finance is raising funds to reduce borrowing costs after a rating upgrade. Maruti Suzuki plans to add service points, and Dixon Tech will expand smartphone manufacturing. Premier Energies commissioned a solar module facility, and Anand Rathi Wealth saw profit rise.
Eternal shares could hit new record highs, Motilal Oswal projects backed by these factors
As Eternal expands beyond food and quick commerce into the wallet share of the affluent urban consumer, Motilal Oswal believes District presents meaningful optionality and could contribute $125 million to its EBITDA by FY30.
Dixon Tech, Coforge, 8 other stocks among Motilal’s non-Nifty ideas ahead of Q1 results
Motilal Oswal has identified ten non-Nifty stocks for investors ahead of quarterly earnings. The brokerage anticipates healthy revenue growth across various market capitalizations. TVS Motor and Dixon Technologies are among the top picks with significant upside potential. Radico Khaitan and Indian Hotels Company also show promising revenue growth prospects. Coforge and Kirloskar Oil Engines are also highlighted for their future performance.
Zen Tech, HAL & other defence stocks rally up to 6% on DAC's Rs 52,000-crore approval. Motilal picks 3 shares to buy
Defence stocks rallied sharply on Monday after the Defence Acquisition Council approved procurement proposals worth around Rs 52,000 crore. Zen Technologies, ideaForge, HAL, BEL, Paras Defence and Data Patterns gained, while Motilal Oswal reiterated its 'Buy' ratings on HAL, Bharat Electronics and Astra Microwave.
IT stocks may not have bottomed yet; prefer Coforge, Mphasis: Motilal Oswal Financial
Abhishek Pathak, VP – Institutional Research Analyst, Tech & IT at Motilal Oswal Financial Services, expects Infosys and HCLTech to lower the upper end of their FY27 guidance, remains cautious on KPIT Technologies following its profit warning, and warns that the IT sector could see further valuation cuts. However, he continues to favour selective mid-cap bets such as Coforge, Mphasis and, potentially, Persistent Systems.
Sensex jumps over 500 points, Nifty tops 24,150 as oil slips below $70/bbl on US-Iran peace talks
Indian stock markets saw a second day of gains, with Sensex and Nifty inching up as oil prices plummeted to $70 a barrel amid US-Iran peace talks. Tech stocks like Infosys led the charge, while broader markets also traded higher. Analysts point to falling crude, strong auto sales, and tapering FII selling as positive near-term drivers, though monsoon progress remains a watch point.
Sensex Today | Stock Market Live Updates: KPIT Tech extends losses to 15%; Nifty above 23,950
Sensex Today | Stock Market Live Updates: The markets are moving with some level of caution and a positive bias. The Nifty is moving with an uptick of over 50 points, rising towards the 24,000 mark. The Nifty Bank index is largely flat, trading around the 57,500 mark. M&M, Eternal and Nestle India are thetop gainers.
KPIT Tech warns of a weak Q1 but the Street may have had an inkling
KPIT Technologies shares slumped more than 6% to emerge as the Nifty 500's second-worst performer on Tuesday, ahead of the company's outlook update flagging a weaker-than-expected Q1 FY27.
Sterlite Tech hits 5% upper circuit on QIP launch; zooms 495% in 6 months
Sterlite Technologies plans to raise up to ₹1,500 crore through the QIP route. Recently, Bandhan Mutual Fund sold 1.82 million equity shares of STL in open market trade.
Tech Mahindra a Bottom-Up Turnaround Story, Says Motilal Oswal; Maintains 'Buy' — Check Target Price
Tech Mahindra is a compelling turnaround play in the IT services space, supported by improving fundamentals, strategic execution and sector recovery tailwinds, adds the brokerage.
This tech indicator suggests market is at crossroads; what to expect next?
An analysis of Nifty 500 stocks, reveals that nearly 50 per cent of the shares trade on either side of the long-term 200-day moving average; thus suggesting that the market is at crossroads currently.