International brokerage Morgan Stanley has downgraded its rating for Prestige Estates to 'underweight' from the earlier 'overweight' call on the back of the company's slower pre-sales growth. Alongside that, the brokerage also slashed its price target for the stock by 15 percent to Rs 1,510, which implies a potential downside of 11.5 percent from Tuesday's closing level.The ratings downgrade trigg...

Shares of Mahindra and Mahindra (M&M) were off to a strong start on the bourses on November 27, rising 3 percent to Rs 3,070, a day after the company announced the launch of its two maidens 'Born Electric' SUV vehicles based on its latest 'INGLO' platform, marking a shift in the companies electric mobility journey.Deliveries for the XEV 9e and BE 6e are slated to begin in the final quarter of the ...

Shares of LTIMindtree gained mildly to Rs 6,262 apiece on November 27 after the company’s management revealed an ambitious target of reaching $10 billion in revenue by the fiscal year 2031-32 during its recent analyst meeting. While the projection underscores LTIMindtree's long-term vision, brokerages remained cautious, flagging ongoing challenges in discretionary spending that could weigh on ne...

Aster DM Healthcare stock witnessed strong buying action on November 27, surging as much as 5 percent in early trade after the company announced plans to acquire the remaining 13 percent stake in Kolhapur-based Aster Aadhar Hospital.With this acquisition, Aster DM Healthcare will increase its stake in the target company to 100 percent, up from the 87 percent it previously held. The transaction wil...

Benchmark indices Nifty and Sensex opened the trading session on a muted note on November 27 after a slip-up in realty, pharma, and FMCG stocks dampened the overall mood in the market. This comes just a day after US Fed FOMC Minutes expressed confidence that inflation is easing and the labor market is strong, allowing for further interest rate cuts albeit gradually.At about 9:30 am,  the Sensex w...