Sun, May 19, 2024 3:50 PM
Down Almost 20%, Should You Buy This Growth Stock With $100 Right Now?
A Flip by Riya Sharma
Mahindra Finance's shares have declined 17% in Q3FY25 due to concerns over growth and asset quality, but Emkay Global Financial believes these negativities are already priced in and upgrades the stock to a "BUY" with a target price of Rs360, citing a strong medium-term strategy, seasonal improvement in asset quality, and palatable valuation.
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Sebi is re-evaluating the disclosures made by ICICI Securities in connection with the proposed delisting of the company, said people with direct knowledge of the matter. The market regulator has initiated a probe into the matter and has also summoned ICICI Securities executives in December to seek further explanations on the delisting process.
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Shares of Tata Consumer were trading in the red on Friday ahead of its second-quarter results on Friday. Motilal Oswal expects the company’s revenue to rise 13.5% year-on-year to ₹4,238 crore, led by higher growth from new businesses. It expects the company’s quarterly profit, however, to shrink around 3.6% to ₹337 crore.
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