Most top brokerages raised their price targets on Asian Paints, but most retained their existing recommendations after the company’s June quarter earnings beat expectations. Rich valuations, rising raw material costs and intense competition continue to limit the stock’s upside, said analysts.
Analysts’ consensus average price target of Rs 3,023.78 on Asian Paints implies an upside of 10% over its Thursday closing price of Rs 2,746.90. The stock fell 0.44% on Thursday.
Shares of KPIT Technologies gained momentum on Wednesday, July 29, climbing 4.20% to Rs 627.70 ahead of the company’s June quarter (Q1FY27) earnings announcement scheduled later in the day. Investor attention is focused on the company’s quarterly performance, with market participants keen to assess revenue trends, operational execution, and management’s outlook for the coming quarters….
Have you successfully submitted and e-filed your income tax returns (ITRs)? Or are you hoping for a last-minute extension of the 31 July deadline? In case you haven’t filed your returns, this is the best time to file your ITR. Several taxpayers who have already filed their ITRs for Assessment Year (AY) 2026-27 are now…
Sebi has proposed reducing the minimum investment required for a mutual fund-only portfolio management service (MF-PMS) to Rs 25 lakh from the existing Rs 50 lakh. Unlike an equity PMS, which invests in individual stocks, a mutual fund PMS invests in a mix of active mutual fund schemes, ETFs, debt, international equity and precious metals,…
Union Labour and Employment Minister Mansukh Mandaviya announced on 8 July that Aadhaar-linked Universal Account Number (UAN)-based PF accounts will now be transferred automatically when members change jobs, eliminating the need to submit separate transfer applications. While the process is expected to become much smoother, the automatic transfer is not guaranteed in every case. Incorrect…
Shares of Vedanta-backed Sterlite Technologies rallied as much as 5% to their day’s high of Rs 592 on the BSE on Monday after international brokerage CLSA upgraded the stock to Outperform and assigned a target price of Rs 950, implying an upside of 68% from current market levels. It’s been an unforgettable year for Sterlite…
A Mumbai woman has secured relief from the Income Tax Appellate Tribunal (ITAT) after it deleted an addition of ₹80.10 lakh made under Section 69 of the Income-tax Act, holding that the tax department cannot treat an investment as unexplained solely because one remittance document was unavailable when the overall transaction is supported by sufficient…
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