Emkay Research has initiated coverage on Bajaj Finance with a "buy" call and a target price of Rs 9,000, which is 23.4 percent higher than the stock's current market price.The brokerage based its positive outlook on three key factors: flawless execution of strategic plans, strong execution capabilities, and proactive identification and resolution of near-term challenges. The company's 3i execution...

Shares of Tejas Networks zoomed 20 percent on April 23 to hit a 52-week high of Rs 1,088.25 on the NSE, a day after the company reported robust earnings for the quarter ended March 2024 with margins and revenue beating the Street estimates.At 10:11 am, shares of Tejas Networks locked at the 20 percent upper circuit There were pending buy orders of 25,679 shares, with no sellers available. In the l...

RBL Bank is expected to adopt a more calibrated-growth approach in FY23 and beyond, unlike in the past, highlighted brokerage Emkay in a note after meeting RBL Bank’s new MD and CEO, Subramaniakumar, to understand his initial thoughts on the bank’s transformation and sustainability plan.“The bank expects around 15% ( /-10%) growth in FY23 on a low base, but estimates sustainable growth of 20...

The freeze on retail selling prices for auto fuel and LPG amid soaring commodity prices has led consolidated integrated auto-fuel margins for Indian oil marketing companies (OMCs) to a negative Rs 2-3/litre now, compared with the normative run rate of positive Rs 8-9/litre, brokerage firm Emkay Global Financial Services said.“The Q1FY23 average is estimated to be a positive Rs 4-6/litre. LPG und...

Emkay Global has buy call on Indian Bank NSE 0.54 % with a target price of Rs 220. The current market price of Indian Bank is Rs 139.2.Time period given by analyst is one year when Indian Bank price can reach defined target.Indian Bank, incorporated in the year 1907, is a banking company (having a market cap of Rs 17392.59 Crore).Indian Bank key Products/Revenue Segments include Interest & Disco...