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Brokerage firm Bernstein on Tuesday, February 25, said it is positive on Zomato and has projected a 39.2% upside on the stock from its previous close price. The brokerage has given Zomato an "outperform" rating and a price target of ₹310 per share, slightly higher than its recent peak of ₹304, thereby marking a 27% downside to Monday's close price. Bernstein said the competitive intensity of instant commerce has been a major point of debate given the ongoing land grab and marketing dollars in Zomato and its peers Swiggy and Zepto. However, unlike the pre-IPO mode, the brokerage believes the…

Bharti Airtel shares jumped nearly 3% on the NSE during intraday trade on February 25 to hit ₹1,649.15, snapping a six-day losing streak. The rally came after the telecom giant announced a partnership with Ericsson to deploy 5G core solutions that support its transition to a full-scale 5G standalone (SA) network over time.In an exchange filing, Airtel said, "This collaboration will enable Airtel to seamlessly transition to a commercially live, full-scale 5G standalone network, delivering high-end 5G capabilities to customers."The deal will see Ericsson deploy its signalling controller solutions as well as 5G standalone-enabled charging and policy solutions within Airtel's…

Shares of Mahindra & Mahindra surged in morning trade on February 24, recovering from a sharp 6 percent drop in the previous session to rise nearly 2 percent to Rs 2,712. The surge came after Jefferies reaffirmed its 'buy' rating, setting a target price that indicates significant upside from current levels. With a price target of Rs 4,075, the international brokerage estimates a staggering 52.6 percent upside potential from the last close of Rs 2,669 on the National Stock Exchange. M&M shares witnessed the biggest single-day fall in nearly 7 months during the previous session. Analysts at Jefferies view the…

Shares of JSW Infrastructure jumped 9 percent to Rs 260 on February 21 afternoon. It has gained for the second consecutive session after domestic brokerage firm Motilal Oswal picked the stock as a 'top pick' in the ports sector. The brokerage has set a target price of Rs 330, which implies a 39 percent upside potential from its last close price of Rs 238 on the National Stock Exchange. JSW Infrastructure shares have gained 11 percent this week. India's ports sector handles 95 percent of the country's export volume and 70 percent of its export value, with Motilal Oswal forecasting…

Bandhan Bank shares surged 5% in early trade on Friday after global brokerage firm CLSA upgraded the stock to ‘High-Concept Outperform’, estimating a massive upside potential of 61%.CLSA sets a price target of Rs 220 for the stock, supported largely by the lender’s outperformance compared to peers in the current MFI (Micro Finance Institution) cycle. The MFI sector has been grappling with persistent challenges and constraints over the last five-six months, resulting in a significant deterioration in asset quality.Going forward, CLSA believes that the Indian microfinance sector will recover from bad to less bad in a few quarters and from…

Shares of foodtech giant Swiggy jumped nearly 7% to Rs 370.90 during the intraday trading session on the BSE today (February 19).The surge in its share price coincided with a surge in the broader market. The Sensex is up 0.068% at 76,018.91, while the Nifty is volatile and is trading 0.020% lower at 22,940.65 at 11:11 am.With the surge in Swiggy's share price, its market capitalisation reached Rs 83,576 crore at the time of writing and over 1 crore volumes had been traded by then.The stock has closed in the green in three of the last five sessions. Swiggy had…