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EXPLAINED: Emkay | Vintage Vibes

Explained: Why ICICI Lombard shares tumbled 15% in their biggest fall since the COVID crash

ICICI Lombard shares fell sharply to hit a 52-week low on Thursday after its June-quarter earnings missed estimates, prompting brokerages to slash target prices and downgrade ratings. Analysts cited weak underwriting, higher claims, regulatory headwinds and slower premium growth, raising concerns over the near-term profitability outlook for the general insurer.

The Economic Times

Kusumgar shares jump 10% after solid D-Street debut. What investors should do now?

Kusumgar shares debuted nearly 37% above their IPO price and extended gains in early trade after a heavily oversubscribed public issue. While analysts remain positive on the company's long-term prospects in engineered fabrics and defence, they advise investors to book partial profits and hold the remaining position with disciplined stop-losses.

The Economic Times

ICICI Prudential AMC shares gain 2% after Q1 net profit rises 23% to Rs 965 crore. Here’s what brokerages say

ICICI Prudential AMC reported a 23% net profit increase for Q1 FY27. Revenue from operations also saw an 18% year-on-year growth. Mutual fund assets under management rose by 11% to Rs 82.40 lakh crore. Brokerages like JM Financial and Motilal Oswal maintained positive ratings. Emkay also reiterated its buy recommendation…

The Economic Times

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LTM shares jump 3% as Q1 results meet Street estimates. Here's what Nomura, Nuvama, and other brokerages say

LTM reported a 17% year-on-year net profit increase for the April-June quarter. Revenue from operations also saw an 18% year-on-year rise during the same period. Brokerages offered mixed opinions on the IT major's stock performance and future outlook. The company cited hardware procurement issues for project delays, expecting improvement soon.…

The Economic Times

Dixon Tech shares jump 4% on govt nod to form JV with Vivo. What are experts saying?

Dixon Technologies' shares rose significantly after Vivo Mobile India secured government approval for a joint venture. This partnership will focus on manufacturing smartphones for Vivo within India. Experts foresee substantial production increases and strengthened market leadership for Dixon. The joint venture is expected to commence operations by September 2026. Dixon's…

The Economic Times

TCS Q1 results after party: Infosys, Wipro, other IT stocks jump up to 4%. Why are analysts bullish despite AI worries?

IT stocks including Infosys, Wipro, HCL Tech and Tech Mahindra rose sharply after TCS delivered a better-than-expected Q1 performance. Brokerages turned optimistic, citing resilient margins, improving demand outlook, attractive valuations and growing AI-led opportunities, despite lingering concerns over discretionary spending and macroeconomic uncertainty.

The Economic Times

Vedanta Aluminium wipes off Rs 25,000 cr worth investor wealth in under a month. Time to buy?

Vedanta Aluminium shares have dropped significantly since their listing date. This decline has erased substantial investor wealth in a short period. However, analysts maintain a positive outlook on the company's future. Structural demand for aluminium is expected to remain strong globally. The company's cost reduction initiatives are poised for future…

The Economic Times

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Vedanta Power, Iron & Steel and Oil & Gas shares crash up to 8%. What’s triggering the selloff?

Vedanta shares saw profit-taking after a strong rally in newly demerged entities, with most segments falling up to 8% over 14 sessions. Vedanta Aluminium Metal outperformed and gained 2%, drawing bullish calls from brokers including Emkay and Citi, which see strong upside potential driven by global aluminium demand, cost efficiencies,…

The Economic Times

June auto sales data: Commercial vehicle turns consensus player; brokerages list stocks to buy

Indian automakers reported strong performance in June 2026, with healthy demand across passenger vehicles, two-wheelers, commercial vehicles and tractors. Brokerages including Motilal Oswal, Emkay and ICICI Securities highlighted broad-based growth, with several OEMs beating estimates. Maruti, M&M, TVS and Tata Motors stood out, while Hyundai underperformed in PVs. Analysts remain…

The Economic Times

Vedanta Aluminium shares jump over 3% as Emkay starts coverage with Buy call. 3 reasons why

Vedanta Aluminium shares surged after Emkay initiated coverage with a 'Buy' rating and a Rs 550 target, citing strong medium-term prospects. The brokerage anticipates a global aluminium deficit through 2028, driven by robust demand and supply constraints. Emkay believes structural cost reductions through backward integration will fuel earnings growth, positioning…

The Economic Times

Rs 8,350 crore crash in Persistent shares explained: Why investors are worried about Nagarro deal

Persistent Systems' shares plunged nearly 11% following its announcement to acquire Germany-based Nagarro for €1.27 billion. While the deal aims to boost European presence and revenue, brokerages expressed caution over pricey valuations and execution risks.

The Economic Times

Explained: Why textile stocks are delivering up to 14% returns for investors on Wednesday?

Textile stocks rallied sharply on Wednesday after brokerages turned bullish on the sector, citing improving global demand, favourable trade agreements and India’s rising competitiveness in apparel exports. Pearl Global surged nearly 10%, while Indo Count and KPR Mill gained around 8% each. Analysts believe Indian textile exporters are entering a…

The Economic Times

Cyient shares crash 6% as stock turns ex-record date for Rs 720 crore share buyback. What's ahead?

Cyient shares fell sharply on Wednesday after the stock turned ex-record date for its Rs 720 crore share buyback at Rs 1,125 per share. Investors purchasing shares after the record date will not be eligible to participate. The company’s first buyback since 2019 comes amid mixed operational performance and cautious…

The Economic Times

Buyback alert! Last date to buy Cyient shares to participate in Rs 720 crore share buyback. Do you own?

Cyient’s Rs 720 crore share buyback enters the final stage, with June 16 as the last date to buy shares to qualify. The record date is June 17. The company plans to repurchase shares at Rs 1,125 apiece, offering a premium, while analysts remain cautious on growth outlook.

The Economic Times

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The Economic Times

Textile stocks to rally? Emkay sees sector at inflection point to regain lost glory, initiates 'Buy' call on 3 stocks

India’s textile sector is nearing an inflection point and could regain lost global market share, according to Emkay Global. The brokerage initiated coverage with ‘Buy’ ratings on Arvind, Nitin Spinners and Sanathan Textiles, citing FTAs, tariff advantages over China, a strong domestic market and growing opportunities in technical textiles.

The Economic Times

Ola Electric shares jump 9%, skyrocket 93% in 2 months. What's fuelling the rally?

Ola Electric shares surged to a more than four-month high after the EV maker reported a narrower quarterly loss and showed signs of sequential improvement in volumes and market share. Brokerages remain cautious on the long-term recovery outlook, citing rising competition, execution challenges and the need for sustained operational improvements.

The Economic Times

Ola Electric shares can crash up to 35%, warns Emkay after seeing Q4 results

Shares of Ola Electric fell sharply on Thursday on after a weak Q4 show, with brokerage Emkay Global maintaining a Sell rating and raising its target to Rs 25, implying over 35% downside. Revenue dropped 57% YoY and volumes slumped, while competition from rivals like Ather and TVS mounts, clouding…

The Economic Times

Why Emkay is seeing Nifty at 29,000 by March 2027 despite oil shock, West Asia tensions

Emkay Global maintains a bullish outlook on Indian equities, projecting the Nifty could reach 29,000 by March 2027, driven by strong domestic growth, earnings recovery and policy support. The brokerage expects markets to navigate near-term volatility from geopolitical tensions & high crude prices. It also warns of macro risks from…

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The Economic Times

Should petrol, diesel prices go up by Rs 25 per litre? Oil companies are staring at Rs 1,380 crore daily loss

Indian fuel retailers are facing steep under-recoveries despite a recent Rs 3 hike, with analysts estimating losses of Rs 25/litre and daily hits of Rs 1,380 crore for Indian Oil Corporation (IOCL), Bharat Petroleum (BPCL) and Hindustan Petroleum (HPCL). Brokerages including Nomura and Elara Capital warn further fuel price hikes…

The Economic Times

Buy the chaos: Why Kashyap Javeri says market volatility is an investor's best friend right now

Fund Manager Kashyap Javeri views market corrections as opportunities, not warnings. He advocates for investing during volatility, highlighting recent payoffs for those who entered fresh positions or topped up existing ones during the March dip. Javeri is strategically investing in auto ancillaries, capital goods, private banks, and pharma (CDMO), while…

The Economic Times

Tata Motors PV shares rally 8% even as Q4 net profit drops 32% YoY. Here's what Macquarie, Jefferies & other brokerages say

Tata Motors Passenger Vehicles shares jumped significantly after reporting a profit drop for the fourth quarter of FY26. Revenue from operations saw an increase. The company also recommended a final dividend. Brokerage firms offered varied opinions, with some remaining bullish and others cautious about the automaker's future prospects. Concerns persist…

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