SBI Securities gave a long term subscribe rating to the upcoming IPO of NTPC Green Energy. What The Brokerage Said: The research firm said that the company will expand its operational capacity to 19 gigawatts in FY27 from 3.3 gigawatts in September 2024. According to the brokerage's calculation, the company has exponential growth potential in the medium term.
Open FlipBrokerage firm JM Financial has initiated coverage on newly listed Ceigall India stock with a ‘buy’ rating, on strong revenue growth prospects driven by a robust order pipeline. The brokerage has set a target price of ₹450 apiece on the stock, indicating an upside of 48.53% compared to the previous closing price of ₹302.95 apiece on the BSE.
Open FlipFor investors in Reliance Industries (RIL), foreign brokerage CLSA’s recent prediction of a 30% upside in the stock might come as a respite, especially amid the sell-off in the counter, which has pushed it into bear territory. RIL’s share price has declined 22% from its 52-week high of ₹1,608.95 as the Indian stock market faces significant selling pressure.
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