Business News

We have collated a list of recommendations from top brokerage firms from ETNow and other sources:CLSA on Delhivery: Underperform| Target Rs 488CLSA downgraded Delhivery to underperform from buy earlier post-Q4 results and slashed the target price to Rs 488 from Rs 600 earlier.The Q4 revenue growth was below expectations. Express parcel revenue declined on a QoQ basis, which was a negative surprise.Service Ebitda margin increased sequentially for the part truckload segment. The management expects to increase the PTL service Ebitda margin in upcoming quarters.Jefferies on Zydus Life: Hold| Target Rs 1070Jefferies maintained a hold rating on Zydus Life but raised the target price to Rs 1070 from Rs 750 earlier.Zydus Q4 results were in line with expectations. Strong guidance for FY25 based on US geography was a positive sign.The global investment bank hiked FY25/26 EPS estimates increase by +16%/+29% on higher sales and margins.Jefferies on Anupam Rasayan: Underperform| Target Rs 565Jefferies maintained an underperform rating on Anupam Rasayan with a target price of Rs 565. The Q4 numbers were broadly in line with expectations but the balance sheet worsened.Citigroup on Phoenix Mills: Buy| Target Rs 3885Citigroup maintained a buy rating on Phoenix Mills post Q4 results but raised the target price to Rs 3885 from Rs 3352 earlier.The company reported decent consumption growth. The pipeline remains healthy.Phoenix Mills remains the top pick within the India property space.(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)

Picking up friends, relatives, or acquaintances from the arrival pick-up lanes at Kempegowda International Airport (KIA) will no longer come with a fee. Hours after Bangalore International Airport Ltd (BIAL), which manages KIA, introduced an entry charge for accessing the arrival pick-up lanes at both Terminals 1 and 2, it has suspended the move, following protests, according to TOI. Initially, there was some resistance from a portion of the driving community, causing BIAL to temporarily halt the fee collection. However, a source within BIAL clarified that taxi aggregators and airport taxi operators, who have their own designated lanes, are exempt from this new fee.Private vehicles were earlier not charged for the first seven minutes of access to the pick-up lanes but had to incur a fee of Rs 150 for the subsequent seven minutes. Commercial vehicles, on the other hand, were to be charged Rs 150 for the first seven minutes and Rs 300 for the next seven minutes. Buses were required to pay Rs 600, and Tempo Travellers Rs 300. If a ticket is lost, a fixed fee of Rs 600 applied.Vehicles that are left unattended or remain in the pick-up area beyond 15 minutes were to be towed at the owner's expense to the police station. According to a notice, "Vehicles carrying white registration plates are classified as 'private vehicles.' Those with yellow registration plates, self-drive yellow plates, and EV commercial vehicles are categorized as 'commercial vehicles.'"Radhakrishna Holla, president of the Karnataka State Travel Operators' Association, criticized the new fee, told TOI, "Passengers already pay a toll at Sadahalli gate to reach the airport. BIAL charges a user fee, and now they've introduced an entry fee. This is against the interest of passengers."In a separate initiative to improve road safety on Kempegowda International Airport Road, the Bangalore Development Authority (BDA) has installed speed trap cameras due to a rise in road traffic accidents, mainly caused by overspeeding. These cameras will automatically detect and issue fines for speeding violations. The legal speed limit on this road is 80 km per hour, and any drivers exceeding this limit will face fines for overspeeding.

TVS Motors closed at Rs 2,191 at the end of Saturday’s special trading session, very close to its broader resistance point. An opening above the Rs 2,200 mark can make room for an upward movement in the stock till a zone near Rs 2,300 (highest put writing)/ Rs 2,310 (all-time high price of the stock).After making a high at Rs 2,313 in March, the price of TVS Motors share declined to a low of Rs 1,873 on April 19, from where it resumed its recovery.Since March 14, the stock has been trapped in a range of Rs 2,200 on the upside and around Rs 1,926 on the lower side. 110288690Highest outstanding OI (expiry on 30th May)Highest Call OI- Rs 2,200 (Rs 1,112); RS 2,300 (Rs 1,249)Highest Put OI- Rs 2,100 (Rs 1,149)“TVS Motors showcases promising technical indicators, marked by a bullish candle formation on its daily chart from the support levels of Rs 2,090 near to its 20 Day EMA levels currently trading at Rs 2,190,” said Deven Mehata, analyst at Choice Broking.The stock is performing well above all its significant exponential moving averages and has also formed higher high higher low formation on daily charts indicating strength.“Maintaining its position above key moving averages and an RSI of 64.83 underscores its positive momentum. Investors may consider initiating positions in TVS Motors, leveraging option strategies to capitalize on potential upside movements,” Mehata added.Mehata suggests deploying a bull call spread to capture the most out of an anticipated upward movement of the stock.Bull Call SpreadBull Call Spread strategy is best implemented when the outlook for a stock is not very aggressive. It is a two-leg spread strategy typically involving an ATM and an OTM option. In this strategy there is always a ‘net debit’ for the trader. 110288708Below is the payoff graph for the strategy: 110288719(Source: Choice Broking)(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)