Domestic brokerage Nuvama Institutional Equities reiterated its conviction on healthcare player Max Healthcare and Indigo-parent InterGlobe Aviation joining the benchmark Nifty 50 index during the next review. On the flip side, beleaguered lender IndusInd Bank and auto player Hero MotoCorp might be deleted from the index.The cut-off period for stocks to be decided ended on July 31, and the officia...

Nuvama Wealth Management Ltd, along with shares of other capital market players, took a sharp beating in trade on Friday, July 4, after regulator Securities and Exchange Board of India (SEBI) barred Jane Street from the Indian equity markets.India’s regulator has restrained Jane Street Group from accessing the local securities market, dealing a severe hit to the US trading firm that generated mo...

Zudio and Westside operator Trent Ltd shares sank over seven percent in the morning session on Friday, July 4, after posting its business update for the quarter ended June.For the first quarter of the current financial year, Trent posted a revenue of Rs 5,061 crore, around 20 percent higher on-year from Rs 4,228 crore reported in the same quarter last year.As of 30th June 2025, the value retailer'...

Shares of Jindal Steel and Power Ltd (JSPL) climbed 2 percent to Rs 930 in morning trade on June 24 after Nuvama Institutional Equities reiterated its ‘Buy’ call on the stock, projecting a robust earnings trajectory over the next two years.With a price target of Rs 1,193—implying a 31 percent upside from the last close of Rs 911—Nuvama expects JSPL’s EBITDA to nearly double by FY27. The ...

Shares of Jindal Stainless are likely to grab the limelight on March 24 after Nuvama Institutional Equities maintained a "buy" rating on the counter but cut the target price to Rs 723 from Rs 836, saying that the company is navigating rough waters due to soft export demand and higher imports.Nuvama analysts have trimmed their EBITDA estimates for FY25E, FY26E, and FY27E by 5 percent, 10 percent, a...