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Buy or sell: Stock recommendation by brokers for April 22, 2025 – Times of India

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Buy or sell: Stock recommendation by brokers for April 22, 2025 – Times of India


Buy or sell stocks (AI image)

Jefferies maintained its ‘hold’ rating on Eternal with a target price of Rs 255. Analysts feel that the company’s recent decision to cap foreign holding at 49% which is perhaps to protect from potential regulatory risks even while quick commerce models confirm the current laws.They feel the move will result in a cut in weightage by MSCI. They are unsure about what will happen if foreign shareholding goes past the new cap in the interim period.
UBS has a ‘buy’ rating on HDFC Bank with a target price of Rs 2,250. Analysts feel during the Jan-March quarter, there was a slight beat on net profit while net interest margin (NIM) expansion was positive, deposit traction was healthy. The bank also showed a modest loan growth. They are more confident on the growth outlook given improved system liquidity.
Macquarie has given an ‘outperformer’ rating on ICICI Bank with a target price of Rs 1,670. Analysts said the lender’s Jan-March net profit beat was driven by higher NIMs and lower credit costs. However, loan growth was lower than expected.
HSBC has given a ‘buy’ rating on Infosys with the target price of Rs 1,700. Analysts feel although there was a sharp miss on revenues in Jan-March quarter, FY26 growth guidance is quite optimistic in the light of current environment. They said that the consensus estimates are at the low to mid-point of the company’s guidance, with an onus of proof on April-June performance to drive further confidence.
Morgan Stanley has an ‘underweight’ rating on Tata Elxsi with the target price cut to Rs 4,660. Analysts said Jan-March numbers missed with low expectations. They feel the company’s auto division may see some deal ramp ups but the media division appears soft despite deal wins and macro is not supportive. With weak exit revenue, earnings downgrade cycle could continue, and in the context of high valuation, the stock could continue to underperform.
Disclaimer: The opinions, analyses and recommendations expressed herein are those of brokerage and do not reflect the views of The Times of India. Always consult with a qualified investment advisor or financial planner before making any investment decisions.





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Government open to some duty-free US auto imports like 1,600cc bikes – Times of India

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Government open to some duty-free US auto imports like 1,600cc bikes – Times of India


NEW DELHI: Government is open to offering duty-free access to certain automobiles imported from the US, such as bikes with over 1,600cc engine capacity, if it can secure a favourable deal in some areas of interest.Some of the concessions, which are still being discussed internally, may, however, come with quotas. This means the lower or zero duty benefit may be available only for a certain number of units imported under the proposed bilateral trade agreement.
The US has mounted immense pressure on India to lower tariffs on automobiles, whiskey and farm products, arguing that high import duties are holding up American exports. While India slashed the customs duty on products, such as high-end bikes and bourbon in Feb, the Donald Trump administration is not satisfied and is pushing for further cuts. Harley Davidson bikes and Tesla cars are on top of Trump’s priority list, especially with Elon Musk being a key aide of the American President.

US President Donald Trump

Musk has been lobbying with India to lower import duties, something that the government refused to do earlier. However, last year, it came up with a new policy that offered 15% tariffs for a limited period, provided companies using the window set up a manufacturing facility. The detailed guidelines are expected only in a few weeks as inter-ministerial consultations are currently underway. A steep tariff reduction will, however, impact investment plans.
Faced with the threat of reciprocal tariffs, the commerce department, which is leading negotiations for a bilateral trade agreement, is holding consultations with other government departments and ministries. These, in turn, are seeking feedback from industry and other stakeholders. While sectoral negotiations are yet to commence, a team led by India’s chief negotiator, Rajesh Agrawal, is currently in Washington to iron out pending issues and explore the possibility of an “early tranche.

Hoping to avoid tariff terrain

Originally, Trump and PM Narendra Modi agreed to have a first tranche by autumn (Sept-Oct), covering import duty on goods, non-tariff barriers, and ways to strengthen the supply chain. India is hoping that in return for concessions offered by it, the Trump administration will not impose the 26% reciprocal tariffs, which have been paused for 90 days, while also lowering duties for labour-intensive products, such as textiles and leather goods shipped from the country.





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Pune company loses Rs 6.5 crore in cyber fraud – Times of India

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Pune company loses Rs 6.5 crore in cyber fraud – Times of India



PUNE: Man-in-the-Middle (MitM) cyber frauds cheated a Pune-based firm, dealing in IT services and imports of dry fruits, out of Rs 6.5 crore on March 27.
MitM is a type of cyber fraud in which an attacker intercepts and relays communication between two parties, making it appear as if they are communicating directly.
As per the police complaint, the 39-year-old company director received an email on the company ID purportedly from a US firm he did business with about a payment request. He initiated the transaction believing the email request was legitimate. But later, when he contacted officials of the other firm, they denied receiving the amount. He checked the email he had received and discovered fraudsters had made two alterations – they changed one letter in the other firm’s email address and its bank account number.





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LIC to expedite claim settlements of Pahalgam terror victims

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From The Hindu, April 25, 1975: Israel’s independence — Soviet offer


Life Insurance Corporation of India (LIC) on Thursday (April 24, 2025) announced that it will expedite claim settlements of Pahalgam terror attack victims in an effort to provide financial relief to their families.

Expressing deep grief over the death of innocent citizens in the terrorist attack, CEO and MD Siddharta Mohanty said LIC has decided to offer concessions to mitigate the hardships of the claimants.

In lieu of death certificates, any evidence in government records of death of the policyholder due to the terrorist attack or any compensation paid by the Union or State governments will be accepted as proof of death. All efforts will be taken to ensure that the claimants are reached out to and claims settled expeditiously to the affected families,” he said in a release.

For assistance, the claimants may contact the nearest LIC branch, division, or customer zones. They may also call LIC call centre at 022 68276827, the company said.

Insurance aggregator Policybazaar said it would like to offer a job to a family member in any of the Policybazaar or Paisabazaar offices located across India or sponsor a child’s education for every impacted Indian family in Pahalgam. “It is a very small gesture towards creating a social security cover for these families,” co-founder Alok Bansal said in a social media post.



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