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BofA Securities initiates coverage on Groww with ‘buy’ rating; shares rally 4% to record high. Here’s what the brokerage said
Groww shares hit a new 52-week high. BofA Securities initiated coverage with a Buy rating. The brokerage sees strong growth potential for Groww. It expects revenue to grow at a 30% CAGR. Profitability is also projected to rise significantly. Groww leads the market with the most active clients. This positive outlook is boosting investor confidence in the retail brokerage platform.
Oil unlikely to fall below $80/bbl amid supply disruptions: Maulik Patel
Maulik Patel, Head of Research, Equirus Investment Securities, said growth in CNG volumes is slowing, especially in key markets like Delhi. Policy reforms such as bringing gas under GST and reducing taxes could support demand. Investors are advised to consider CGD stocks on price declines.
Pharma and healthcare companies to face continued margin pressure: HDFC Securities
The Indian pharmaceutical and healthcare sector is expected to see moderate revenue growth, with EBITDA margins remaining flat, in the March quarter, according to a brokerage report by HDFC Securities. "We project sales/EBITDA growth of 11%/6% YoY for our coverage universe," the brokerage added.
Worst phase behind, but index gains may be capped: Prime Securities’ Jayakumar
N Jayakumar, Group CEO & MD of Prime Securities, highlighted concerns around the technology sector, pointing to slowing growth and structural shifts driven by AI. He noted that valuations have corrected sharply, with companies now being valued more for their cash flows than for high growth. Given the uncertainty around demand and evolving business models, he believes investors may be better off staying cautious on the sector for now.
India markets may deliver double-digit returns on better valuations; earnings revival key: BofA
Arbind Maheswari, Head of India Equities at BofA Securities, said India’s earnings growth has slowed over the past two years and needs to recover. He noted that a revival in corporate earnings momentum will be key to driving market returns, with foreign investor flows likely to follow.
Crude oil prices may surge to $130-140 if West Asia War drags on, warns Kotak Securities
West Asia conflict is pushing oil prices up. Brent crude could reach USD 130-140 if the war continues. India's inflation is expected to rise, and GDP growth may slow. The Indian rupee faces pressure. A US recession is a possibility. Experts advise caution as markets await developments. A ceasefire could bring relief.
BofA Securities cuts Nifty earnings target to 8.5%, says market not in value zone
BofA Securities has significantly lowered its earnings growth forecast for Nifty 50 companies to 8.5% for FY27, citing rising stagflation risks and potential impact of high crude oil prices. The brokerage also reduced India's GDP growth estimate and warned of a severe downturn in a worst-case scenario. Despite this, a resolution to the Iran conflict could boost the market.
Kaynes Technology shares fall 2% amid market selloff; BofA purchases stake worth Rs 42 crore via block deal
Kaynes Technology India shares dropped over 2% to Rs 3,612 on Friday, mirroring a broader market selloff. This occurred despite BofA Securities acquiring shares worth Rs 42 crore in a block deal on Thursday. The company's stock has underperformed benchmarks over the past year, though it reported a 15% profit growth in Q3 FY25.
BofA Securities enters Kaynes Technologies via Rs 42 crore block deal; stock down 48% in six months
BofA Securities acquired 1.16 lakh Kaynes Technologies shares via a block deal, while the stock continues a multi-month downtrend despite rising revenue and quarterly profit growth
Don't miss this train: BofA upgrades Sona Comstar on 3 growth engines
Sona Comstar shares surged over 4% after BofA Securities upgraded the stock to 'buy' with a Rs 640 target price. The brokerage anticipates strong growth driven by its traction motors, driveline business recovery, and an underappreciated railways segment, projecting a 24% upside.
Sona BLW shares jump 4% after BoFA upgrades to 'buy' on three growth engines
BoFA Securities wrote in its note that Sona BLW's business has returned to the growth trajectory after a "pretty tough period."
Elara initiates coverage on LG Electronics India, sees 14% upside
Elara Securities initiates coverage on LG Electronics India with an ‘Accumulate’ rating and ₹1,750 target, implying nearly 14% upside, citing localisation, capex-led expansion and growth from the LG Essential series.