At current market price, the stock is trading at seven times FY28E EV/Ebitda, which is a 39% discount to its four year average EV/Ebitda of 11x, adds the brokerage.
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At current market price, the stock is trading at seven times FY28E EV/Ebitda, which is a 39% discount to its four year average EV/Ebitda of 11x, adds the brokerage.
Global brokerage, Bernstein, has set fresh price targets of Rs 1,973 for Adani Ports, Rs 350 for Eternal and Rs 2,200 for Paytm as it refreshes its 13-stock India model portfolio with three new entries.
Stock Market News Today Live Updates: The Indian stock market remained under pressure on Wednesday, with the Nifty 50 benchmark falling for the seventh straight session on rising crude oil prices and multi-year high global bond yields.
Shares of Sunshine Pictures are proposed to be listed on both the BSE and NSE on August 25.
At 10:26 am, Ceigall India shares were trading 1.57% higher at Rs 313.50 per share. In comparison, the BSE Sensex was trading 0.38% lower at 76,940 levels.
During the speech, Madni spoke favourably about Saeed and portrayed him as someone who had made sacrifices for what he described as his "motherland".
Food adulteration will no longer be treated as merely a regulatory offence, Hyderabad Police have warned, as the crackdown on adulterators continues in the city.
At 9:27 am, Bata India shares were trading 1.26% lower at Rs 718.90 per share. In comparison, the BSE Sensex was down 0.19% at 77,084.
Lalithaa Jewellery Mart IPO entered its final day with 3.07x subscription and GMP signalling a 19.9% listing gain. Here's what investors need to know.
Horizon Industrial Parks IPO entered its final day with 0.24x subscription, while latest GMP signals a modest 1.67% listing gain.