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Adani Power shares slipped to Rs 147 on Monday after trading ex-split following a 1:5 stock sub-division. The decline is purely optical, as the overall value of holdings remains unchanged. The company had reported a consolidated June-quarter profit of Rs 8,759 crore, and Morgan Stanley initiated coverage with an overweight rating, projecting a 41.9 GW portfolio by FY32.
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News and Media
IT stocks are back in the spotlight after a turbulent week marked by Trumps H-1B fee announcement. Despite near-term volatility, average analyst target prices in Trendlyne show decent upsides for leading names such as TCS, Infosys, and HCL Tech, while staying cautious on LTIMindtree.
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News and Media
Mahesh Patil from Aditya Birla Sun Life AMC outlines an investment strategy shaped by GST 2.0. The focus shifts towards consumption-oriented sectors like autos and consumer durables, anticipating earnings upgrades. While remaining neutral on IT, Patil identifies it as a contrarian opportunity, poised for a potential rebound with US recovery and attractive valuations.
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News and Media
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