Domestic brokerage firm JM Financial recently initiated coverage on Brainbees Solutions, operating under the FirstCry brand, with a 'buy' rating and a target price of ₹692 per share, citing the company's strong growth opportunities in the childcare platform. The company's revenue grew at a CAGR of 38% from FY21 to FY24, with the company turning adjusted EBITDA profitable in FY21.
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ICICI Bank's loan growth is expected to outpace the system's growth, driven by business banking and corporate segments, with a comfortable loan-to-deposit ratio and stable net interest margins. The bank's return ratios, liability franchise, and growth will support its premium valuation, with a BUY rating and a target price of Rs. 1,550.
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Blue Cloud Softech Solutions' share price surged 5% to ₹93.50 after receiving a ₹1.05 crore order from Renascent Logic Private Limited for its Artificial Intelligence services, breaking a five-day losing streak. The project involves deploying AI offerings in diverse sectors, highlighting the growing adoption of Blue Cloud's flagship AI products.
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