Shares of FSN E-Commerce Ventures jumped up to 5% on November 13 as the operator of the Nykaa reported positive earnings for the quarter ended September 30, 2024 (Q2FY25).Given the solid results, Nuvama maintained its 'Buy' rating on the stock. However, the brokerage cut estimates due to an overall slowdown in the industry and elevated marketing spending. The target price has been revised downward...

Shares of Amara Raja Energy & Mobility Ltd. fell nearly 5 percent on November 5 after the company reported weak earnings for the quarter ended September 30, 2024, missing estimates.The company's net profit rose 6.3 percent on-year (YoY) to Rs 240.7 crore in Q2FY25 and revenue from operations increased 11.6 percent YoY to Rs 3,135.8 crore during the quarter under review. At the operating level, Ama...

Shares of Texmaco Rail slumped over 4 percent on July 9 on account of profit booking. This decline wasn't unique to Texmaco; several railway stocks experienced losses of up to 5 percent as investors locked in gains following a sharp rally ahead of the upcoming Budget.The slump in Texmaco Rail came even as Nuvama initiated coverage on the stock with a 'buy' rating with a target price of over Rs 331...

Nuvama Institutional Equities initiated coverage on Krystal Integrated Services, seeing a massive upside of 80 percent for the stock from current levels.The domestic brokerage set a target price of Rs 1,369 per share, higher by 80 percent compared to the previous session's close.Krystal is a leading integrated facilities management services company with 77.6 percent of its revenue sourced from gov...

Shares of National Thermal Power Corporation (NTPC) gained on May 27 as brokerages maintained bullish calls on the stock despite the PSU reporting below-estimate earnings for the quarter ended March 2024.Morgan Stanley has maintained its 'overweight' call on NTPC, setting a target price of Rs 390 per share. The brokerage noted that the company's recent earnings report fell short of estimates prima...