Broker’s call: M&M (Outperform)

SpiceJet’s stock price climbed nearly 3 per cent in early trade on Thursday on the BSE after Aircastle Ireland Designated Activity Company, an aircraft lessor, withdrew its insolvency case against the airline in the NCLT. This development comes on the heels of a successful settlment of the $23.39-million dispute between them. SpiceJet agreeed to pay […]

The benchmark Sensex rebounded by 167 points in volatile trade on Friday amid buying in ICICI Bank, State Bank of India and Reliance Industries. The 30-share BSE Sensex climbed 167.06 points or 0.23 per cent to settle at 71,595.49. During the day, it hit a high of 71,676.49 and a low of 71,200.31. The Nifty […]

Target: ₹600 CMP:₹324.85 Senco Gold’s reported Q3 EBITDA missed our estimate by about 500bps. However, most of the miss was led by hedging loss in the current quarter and hedging gain in the base quarter, as the adjusted gross margin (GM) decline was limited to only 100 bps. Q3 revenue growth at 22 per cent […]