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Bajaj Auto, Godrej Consumer Products, Meesho, Paytm, Radico Khaitan, Hexaware Tech Q4 Results Today — What To Expect
Aditya Birla Real Estate, Kansai Nerolac Paints, KPIT Technologies, PB Fintech and Shree Cement among others to announce their results on Wednesday.
Meesho shares jump 10% as JP Morgan initiates coverage with Rs 215 target price
Meesho shares surged nearly 10% after JP Morgan initiated coverage with an 'Overweight' rating and a Rs 215 price target. The brokerage highlighted Meesho's potential for significant EBITDA margin expansion and strong net merchandise value growth, driven by advertising monetization and improved logistics. JP Morgan forecasts substantial free cash flow recovery and anticipates market leadership to continue.
Buzzing Stocks: HGS surges 13% on project GANGA launch; HDFC Bank gains after Lilavati Trust plea dismissal
Hinduja Global Solutions (HGS) rallied 13% after launching Project GANGA, while Meesho gained 3% after Jefferies initiated coverage with a 'Buy' rating.
How fast can Meesho scale up while sustaining unit economics?
Strong order momentum and logistics normalisation drive margin recovery, monetisation levers begin to deliver
Stocks to watch today: Coforge, L&T, M&M, KEC International, Ajanta Pharma in focus on May 6
Stocks in focus include Bajaj Auto, Brigade Enterprises, Blue Star, Godrej Consumer Products, Hexaware Technologies, Meesho, One 97 Communications, Shree Cement, Radico Khaitan, Raymond Lifestyle, Dhara Rail Projects, KRM Ayurveda, Macobs Technologies, Odyssey Technologies, Stylam Industries.
Meesho shares jump 12% on JP Morgan's 'Overweight' rating, global brokerage sees over 24% upside
The US-based brokerage said Meesho is building a discovery-led marketplace that functions as a long-tail advertising network with embedded logistics.