Latest News, Updates & Breaking Headlines
Morgan Stanley initiated its coverage on Fractal Analytics with the target price at Rs 946. Analysts said they see Fractal Analytics as a challenger in the tech services space. With its strong positioning in data and analytics (a segment growing faster than overall IT services spend), and its platform-centric approach to delivering agentic AI services,…
Morgan Stanley has an equal weight rating on ITC with the target price at Rs 346. Analysts said the sharp tax increases are unprecedented and are leading to uncertainty. ITC shares are down 25% so far in the year against a 10% loss in sensex. They believe incremental pricing actions and impact on volumes and…
BofA maintained its buy recommendation on Infosys with the target price at Rs 1,840. Analysts said there were several positives on positioning and net opportunity could be bigger but the path is still evolving. They also said that enterprise AI isn’t plug and play. Currently revenue from AI-first offerings stands at 5.5%, which is not…
Cigarette stocks lit up Dalal Street on Wednesday after reports that manufacturers had raised prices to counter higher tax outgo. Shares of ITC Ltd, Godfrey Phillips India Ltd and VST Industries Ltd climbed by as much as 15%, following media reports that companies have implemented price hikes to pass on the impact of the recent…
NEW DELHI: Hospitality major ITC Hotels has reported its highest ever quarterly revenue and profit in October-December 2025 period. While consolidated revenue from operations rose 21% to Rs 1,231 core, profit rose 42% (from same period last fiscal) to Rs 307 crore. ITC Hotels share price closed 2.6% lower at Rs 180.3 on BSE Tuesday…
File photo (Picture credit: ANI) India’s telecom industry body COAI has asked the government to reduce regulatory levies and ease Goods and Services Tax (GST) norms in the upcoming Union Budget, arguing that high statutory payments continue to strain the sector’s finances.The Cellular Operators Association of India (COAI), whose members include Reliance Jio, Bharti Airtel…
NEW DELHI: India’s largest convention and exhibition centre — Yashobhoomi, Dwarka — will soon have a premium five star hotel. India International Convention and Exhibition Centre Ltd at Yashobhoomi has allotted land to ITC Hotel Ltd (ITCHL) on a long term lease basis.ITCHL MD Anil Chadha said: “Yashobhoomi is a game-changer for the meetings, incentives,…
MUMBAI/KOLKATA: Several brokerages downgraded ITC and cut their target price for its stock by up to 26% on the back of a proposed sharp hike in taxes on tobacco products. These cuts came even as analysts and brokers awaited the finer details of the govt’s proposed tax changes, effective Feb 1.Analysts at brokerage houses expect…
India’s largest institutional investor, Life Insurance Corporation of India (LIC), has seen the value of its investment in ITC erode by Rs 10,445 crore over just two sessions, after the FMCG major’s shares plunged sharply following a steep hike in cigarette duties, ET reported.LIC held a 15.86 per cent stake in ITC, equivalent to about…
ITC shares slid to a three-year low of Rs 345.35 on Friday, extending a sharp two-day selloff that has erased about 14% of the stock’s value after the finance ministry announced a steep increase in cigarette taxes, triggering widespread analyst downgrades and renewed concerns over volumes and profitability.The Nifty heavyweight fell another 5% on Friday,…
