BERNSTEIN
Explained: What NSE's Electronic Gold Receipts mean for yellow metal investors
NSE’s Electronic Gold Receipts (EGRs) offer investors a regulated and fully digital way to own and trade physical gold without storage or purity concerns. Backed by SEBI-regulated vaults, EGRs aim to make gold investing more transparent, accessible and standardised while integrating the yellow metal more closely with India’s capital markets.
Paytm shares climb 5% after Q4 results. Do Jefferies, Goldman Sachs and Bernstein see further upside?
Paytm's parent company, One 97 Communications, reported a profit of Rs 184 crore for the fourth quarter. This led to a significant rally in its shares. Revenue from operations also saw an increase. Analysts maintain positive ratings, citing strong revenue momentum and controlled expenses. The company's financial performance shows improvement compared to the previous year.
Godrej Consumer shares tumble 6% despite Q4 show. Should you buy, sell or hold the stock?
Godrej Consumer Products shares dropped nearly 6% on Thursday despite reporting a 9.7% YoY rise in Q4 net profit and double-digit revenue growth. Brokerages remained positive on the stock, citing strong domestic volume growth, improving Indonesia business trends, and margin guidance for FY27, while warning of near-term input cost pressures and demand risks.
KPIT Technologies shares slide 4% as Q4 profit falls 33% YoY to Rs 163 crore
KPIT Technologies shares fell sharply on Thursday. The automotive software firm reported a 33% year-on-year decline in net profit for the March quarter. This occurred despite a healthy 12% rise in revenue. Operating expenses increased significantly. The company's board recommended a final dividend. Management cited global uncertainties impacting the mobility sector.
Moderna first-quarter revenue jumps on strong overseas COVID vaccine sales
Moderna's first-quarter revenue surpassed estimates, driven by strong international COVID-19 vaccine sales. The company forecasts lower-than-expected Q2 revenue but aims for a significant share of Europe's respiratory vaccine market with its mCombriax launch in 2027. Investors are now focused on the company's diversified pipeline beyond COVID-19.
Siguler Guff invests $40 million in Cinnabon operator Trimex Foods
US private equity firm Siguler Guff has invested $40 million in Trimex Foods, the Indian franchise partner for Chili's, Paul, and Cinnabon. This strategic investment aims to accelerate Trimex's pan-India expansion and onboard new global brands, reflecting strong conviction in India's growing organized food services sector.
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Payments bank licence cancellation won’t impact Paytm’s business: Bernstein
Paytm has successfully separated its core operations from Paytm Payments Bank following the RBI's license cancellation. The company's payments and financial services businesses now operate independently, with no exposure or material business arrangements with the banking entity.
Eternal shares rally over 4% after strong Q4 results. What CLSA, Goldman Sachs, 4 others are saying
Eternal's shares surged after reporting a 346% YoY net profit jump to Rs 174 crore, driven by a 196% revenue increase. Blinkit's quick commerce business led growth, with ambitious expansion plans. Analysts maintain positive ratings, citing improving profitability and strong future outlook despite competition.
Paytm Payments Bank licence cancellation: Jefferies, Bernstein and Goldman decode impact
Paytm shares fell 8% after RBI cancelled Paytm Payments Bank’s licence but recovered sharply as brokerages stayed bullish. Analysts see limited financial impact, citing separation from PPBL and strong core business momentum. Jefferies, Goldman and Bernstein retained positive ratings, though risks to sentiment remain. Technical indicators suggest near-term volatility, with key support around Rs 1,050 and resistance near Rs 1,150.
Paytm shares crash 8% as RBI cancels Paytm Payments Bank's banking license. What lies ahead?
Shares of One 97 Communications, the driving force behind Paytm, have taken a hit following the Reserve Bank of India's unexpected move to revoke the banking license of Paytm Payments Bank, leading to its impending closure. Nonetheless, the company remains committed to ensuring that its primary services are unaffected.
IndusInd Bank shares jump 6%. Why Jefferies & other brokers raised their target prices
IndusInd Bank shares surged following Q4 results that indicated a potential turnaround, with profit jumping 331% sequentially and asset quality showing signs of stabilization. Several brokerages raised their target prices, citing improved profitability and a strong recovery path, though some remain cautious about the pace of re-rating.
RBI action on Paytm Payments Bank incrementally negative for One 97, says Bernstein; retains ‘Outperform’, sees 30% upside
The RBI has cancelled Paytm Payments Bank's license due to regulatory non-compliance, citing detrimental operations and prejudiced management. While Bernstein views this as incrementally negative for parent One 97 Communications, they maintain an 'Outperform' rating, seeing potential for new licenses. Paytm assures stakeholders its core services remain unaffected.
Elon Musk lays out Terafab AI chip project plan
Elon Musk announced Tesla will utilize Intel's 14A process for its ambitious Terafab chip project in Texas. This advanced complex aims to produce chips for Tesla vehicles, Optimus robots, and AI data centers, with initial research fab construction underway on the Giga Texas campus.
Union Bank Q4 Results: Net profit rises 7% YoY to 5,316 crore, provisions jump 3x
Union Bank Q4 Results FY26: Union Bank reported a mixed Q4 with net profit up 6.6% YoY to Rs 5,316 crore, despite a 1.1% dip in net interest income. Provisions surged nearly threefold, but asset quality improved with lower NPAs. The bank recommended a Rs 5 per share dividend for FY26.
Trent's margins may stabilise as growth enters a cautious phase: Jignanshu Gor
Trent Ltd. is entering a more measured growth phase after sharp expansion, with Q4 performance showing improved margins due to operational efficiency and a better brand mix. While Zudio continues its rapid store additions, declining revenue per square foot signals a potential plateau in margin expansion.
From AI to subsidies: Bernstein’s candid open letter to PM Modi flags 8 critical fault lines
Global brokerage Bernstein has cautioned India against becoming a mere user of future technology. The firm suggests that continued reliance on subsidies and delayed reforms could lead to low productivity. Bernstein outlines eight critical themes, including AI, agriculture, energy, and manufacturing, as a roadmap for India's next decade.
Intel lands key first customer for chip '14A' chip tech with Tesla's Terafab project: Elon Musk
Tesla will use Intel's advanced 14A chip manufacturing technology for its Terafab project. This partnership is a significant win for Intel as it seeks new clients for its chipmaking capabilities. The move is expected to boost confidence in Intel's next-generation processes. This collaboration will fuel Elon Musk's robotics and data centre ambitions.
Software makers' best may not be good enough as AI fears mount
Salesforce anticipates its fastest revenue growth in three years, yet investor confidence in software makers remains low due to AI disruption fears. Despite efforts by CEOs to highlight proprietary data and in-house AI, a sector-wide selloff persists. Analysts expect companies to demonstrate AI's revenue-boosting potential and customer retention capabilities during upcoming earnings reports.
HDFC Bank vs ICICI Bank vs YES Bank: Which one to buy after Q4 results?
HDFC Bank, ICICI Bank and Yes Bank delivered steady FY26 performances with healthy earnings growth and improved asset quality. While ICICI Bank and HDFC Bank attracted positive brokerage outlooks with strong fundamentals, analysts remain cautious on Yes Bank, citing valuation concerns and sustainability risks despite sharp profit growth in the latest quarter.
HDFC Bank shares fall over 1% after Q4. Jefferies, Bernstein, 3 other brokerage weigh in
HDFC Bank's shares dipped despite a 9% net profit rise to Rs 19,221 crore for the March quarter. While interest income saw a slight decline, return on assets improved. Analysts largely maintain buy or outperform ratings, citing strong deposit growth, resilient margins, and attractive valuations, though some caution on near-term growth acceleration.
ICICI Bank shares rise 2% after Q4 results. What Jefferies, Bernstein and other brokerages are saying
Brokerages remain bullish on ICICI Bank after a strong quarter, citing stable margins, healthy loan growth and improving asset quality. Motilal Oswal, Elara Capital and JM Financial maintained buy ratings, with target prices up to Rs 1,783. They expect steady returns, strong buffers and consistent execution to support premium valuations and earnings growth over FY27-28.
A $176 billion reality check for Europe’s luxury brands as Middle East tensions hit shoppers
A distant war is impacting global luxury sales. Europe's top luxury firms have lost billions in market value. The Middle East, a key growth market, is seeing reduced tourist spending due to travel disruptions and uncertainty. This slowdown affects major brands like Hermès, Gucci, and LVMH. Recovery for the luxury sector faces delays as geopolitical risks persist.
Tom Clancy's Jack Ryan Ghost War OTT release date: Streaming date and time of John Krasinski's movie in India, plot, cast and more
John Krasinski returns as Jack Ryan in Tom Clancy's Jack Ryan: Ghost War. The movie is all set to premiere in India. After leaving the CIA for a quiet life, Ryan is pulled back into a dangerous world to confront a rogue black-ops unit. The film continues the espionage saga with familiar allies and a new MI6 officer. Read on!
Unstoppable surge: AMD hits all-time high in best run in nearly two decades - what's fueling the drive?
AMD stock is rising very fast and hitting new highs after many days of gains. Strong demand for AI chips and servers is helping the company grow. A big deal with Meta is also boosting future hopes. Many analysts are positive, but some say the stock price is already high. Investors are now waiting for upcoming earnings results.
Paytm’s cap table turns Indian: What changes now?
Domestic investors now own 50.3% of the digital payment firm's equity, marking a transition to majority Indian ownership and control. This shift is driven by increased participation from domestic institutional investors (DIIs).
Paytm becomes majority Indian-owned as domestic investors increase stake
The shift marks a structural change in ownership for the fintech firm, with domestic shareholding rising steadily in recent quarters, reflecting growing investor confidence.
ASML investors bet on 'picks and shovels' of AI revolution
Analysts expect a strong quarter and see scope for ASML to raise its 2026 sales outlook, as memory-chip makers expand capacity to meet AI-driven demand. Core challenges include whether ASML can keep up with demand for its chip-making tools, which can take more than a year to build, and whether potential new restrictions on exports to China could curb growth.
Housing finance stocks near inflection point, Bernstein picks 2 favourites
Affordable housing finance stocks are nearing a turning point. Bernstein highlights attractive valuations and improving growth and asset quality. HomeFirst and Aadhar Housing Finance are named as preferred investments. The sector is poised for a turnaround, offering significant upside potential for investors. This presents a favorable entry point for the segment.
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