The BJP's resounding win in Maharashtra came as a glimmer of fresh air for the equity markets, shaking off the lull caused by muted Q2 earnings. The landslide victory not only ends years of political instability in India’s most industrialized state but also signals a continuation of BJP's policies, consolidating power between the center and state, as noted by MOFSL.In the stock market, public se...

Stocks in NewsLet's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, and appointments, here’s a quick look at which stocks will be in focus in today's trade:Results TodayCoal India, JSW Steel, Bharat Petroleum Corporation, Bank of Baroda, Bandhan Bank, Bharat Electronics, InterGlobe Aviation, Aegis Logistics, Balkrishna Industrie...

Here’s a quick look at stocks likely to be in focus in Friday's trade, covering quarterly earnings, order wins, and acquisitions announced by companies after market hours on Thursday:Results TodayReliance Industries, Wipro, UltraTech Cement, Bharat Petroleum Corporation, JSW Steel, Union Bank of India, ICICI Lombard General Insurance Company, One 97 Communications (Paytm), Patanjali Foods, Aethe...

Shares of Dixon Technologies shot up 10 percent to hit a 52-week high of Rs 9,062 in early deals after the stock was awarded a rating upgrade by global brokerage firm Morgan Stanley. The brokerage upgraded the stock to an 'equal-weight' from the earlier 'underweight’ call.The brokerage firm assigned a price target of Rs 8,696 apiece for the stock to reflect an upside potential of a little over 5...

After ~5 qtrs of y-o-y dip in margins, Dixon re-gained healthy OPM in Q4 at 4% ( 60bps q-o-q; 20bps y-o-y), due to timely price hikes in ODM. Apr22 saw price hikes of ~2% in Washers and 1-2% in Lighting. Mgmt expects FY23 OPM at 4.0-4.2%, though JEFe is lower at 3.9%. Post Rs 4-bn capex in FY22, Dixon plans further Rs 3.4-bn in FY23, higher vs. JEFe. We cut FY24-25 EPS by 5-6%. But, as the new ca...