BoFA Securities has upgraded its stance on Vodafone Idea (Vi) to neutral and set a target price of ₹14.5 per share. BoFA Securities expresses optimism regarding the telecom sector's near-term momentum. BoFA Securities also raised target prices for Reliance Industries Limited (RIL), Bharti Airtel, and Indus Towers, indicating a bullish sentiment in the sector.
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The capital markets regulator Securities and Exchange Board of India (SEBI) has announced the framework for administration and supervision of research analysts (RAs) and investment advisers (IAs) by the proposed new supervisory bodies. SEBI on April 26 notified that a recognised stock exchange may undertake the activities of administration and supervision over specified intermediaries.
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Adani Green shares were volatile after the company posted its earnings for the quarter ended March. What Happened: The Adani Group company reported a 38% slump in consolidated net profit at ₹310 crore compared to the ₹507 crore posted in the same quarter last year. Total revenue from operations was at ₹2,527 crore, marginally lower from the ₹2,587 posted in the same quarter last year.
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