Saturday, October 17
Brokerage houses remain upbeat on select mid-cap names following their Q4FY25 earnings, highlighting strong business fundamentals and growth visibility for the next 12 months.Antique, Nuvama, and Motilal Oswal have reiterated their Buy ratings on Arvind Fashions, Galaxy Surfactants, and Amber Enterprises, respectively, citing factors such as resilient performance, strategic expansion, and margin stability.While some target prices have seen marginal revisions to reflect near-term headwinds, all three stocks offer notable upside potential ranging from 19% to 46% from their current levels.We have collated a list of recommendations from top brokerage firms from ETNow and other sources:Antique on Arvind Fashions: Buy| Target Rs 672 vs Rs 661| LTP Rs 458| Upside 46%Antique has maintained a Buy r
Mirroring the sentiment in the international market, Gold June futures contracts at MCX opened lower on Tuesday at Rs 92965/10 grams, which was down by Rs 332 or 0.36%, while silver July futures were lower at Rs 95,172/kg. This was a fall of Rs 281 or 0.29%.Today’s fall in gold prices marks a decline of Rs 6,513 in the metal from its peak of Rs 99,358/10 grams. However, in the last one week, the prices have been highly volatile, but largely remaining flat.Internationally, in early trade on Monday, gold and silver tested higher resistance levels Moody’s downgrade of the US credit rating last Friday, but failed to sustain the rally, slipping below $3,320 and $32.20 per ounce as renewed optimism about a potential ceasefire between Russia and Ukraine reduced safe-haven demand.However, on M
The Enforcement Directorate (ED) has extended its investigation into the Mahadev betting app scam to Nishant Pitti, CEO of publicly traded travel booking firm Easy Trip Planners Ltd (EaseMyTrip).Pitti stands accused of colluding with a network of operators who allegedly used proceeds from the illegal betting operation to manipulate stock prices of 25 listed companies, purportedly in connivance with their promoters.In its submission to the adjudicating authority (AA), which oversees money laundering investigations, the ED has made four key allegations against Pitti. Firstly, it claims Pitti was aware of the operations of Sky Exchange, an illegal betting platform linked to the Mahadev app. Secondly, the ED alleges Pitti's firm made payments to two shell companies (termed 'entry-providing' co
