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BOFA SECURITIES NEWS
Rupee's valuation sinks to over-a-decade low, bruised by Iran war, portfolio outflowsThe Indian rupee has reached its lowest valuation in over a decade against major currencies. This decline is driven by rising crude oil pri...
Infosys Q4 profit spikes; Flipkart mulls separate app for MinutesInfosys closed FY26 with strong numbers aided by a pickup in demand from its banking, energy and communication segments. This and more in...
US Stocks: Rocket Pharma shares fall 15% despite FDA nod for childhood disorder treatmentRocket Pharmaceuticals' shares dropped significantly after gaining FDA approval for Kresladi, a gene therapy for a rare childhood immune di...
Stocks in news: EaseMyTrip, Exxaro Tiles, NBCC, PC Jewellers, Delta Corp, Tata PowerEquity markets closed nearly unchanged on Tuesday. Shares of EaseMyTrip, Exxaro Tiles, NBCC, PC Jewellers, Delta Corp, and Tata Power will ...
Bofa Securities invests in anchor round of SAR Televenture's FPOTelecommunication infrastructure provider SAR Televenture raised nearly Rs 43 crore from anchor investors days before its follow-on public ...
BofA buys stake in Vijay Kedia-backed TAC Security post stellar IPO debutBofA Securities has invested in TAC Security, a recent debutant on the NSE SME platform, through its fund – BofA Securities Europe SA.
Hot Stocks: Brokerage view on Exide Industries, Infosys, Maruti Suzuki and PaytmMorgan Stanley maintained an overweight rating on Maruti Suzuki but raised the target price to Rs 14,322 from Rs 11,228 earlier.
Stocks in news: Entero Healthcare, YES Bank, Alpex Solar, Max Financial, UPLGlobal private equity major Carlyle Group on Thursday sold 1.4% stake in private sector lender YES Bank for approximately Rs 1,057 crore.
Paytm jumps 8% after BofA Securities upgrades stock to buyPaytm's shares rose 8% to reach INR 786 ($10.58) after Bank of America Securities upgraded the stock to "buy", raising its target up to INR...
Hot Stocks: Brokerages on Mankind Pharma, Lupin, MGL, Zomato, Godrej ConsumerBrokerages have initiated coverage and maintained ratings on several companies, according to top brokerages sources. Antique has initiated ...
BofA Securities slashes Nifty 2023 target by 8% to 18,000BofA cut its year-end target for the Nifty 50 by 8.3% to 18,000 points, expecting the index to be volatile and trade between 16,000 and 18,...
Hot Stocks: Global brokerages see 12-15% return in HUL, RIL and Sun PharmaCitigroup maintained its buy rating on Hindustan Unilever with a target price of Rs 3050. The company announced entry into Health and well-...
BofA Securities says market may remain sideways in near term, sees Nifty@17KBofA felt that despite markets correcting since the October 2021 peak, the prevailing 1-year forward Nifty valuations at 19.2 times look el...
Coforge files for US IPO through ADS routeThe number of equities to be represented by each ADS, the number of ADS to be offered and the price range of the proposed offering have not...
Second wave of COVID-19 poses risk to economic recovery; Q4 GDP to be hit: ReportNoting that a month-long nationwide lockdown can shave off 100-200 basis points off the GDP, the brokerage said growth is still weak, ampli...
India's GDP to contract 1% in Dec quarter, says BofAOn an average, economists at almost all the rating agencies and brokerages have forecast 0.4-0.7 per cent positive growth for the economy t...
Good or bad Budget? 5 things that matter most for Dalal StreetHere are five things that would rank high on investors’ minds as we head into the Budget.
Indian economy 'weak', credit growth bottoming out: ReportOn the positive side, the brokerage said credit demand is bottoming out and the real lending rates adjusted for wholesale price inflation a...
American Airlines seeks $3.5 billion in new financingThe company plans to raise $1.5 billion by selling shares and convertible senior notes due 2025.
- BofA to face SEC trial, exits loss-sharing deal
Bank of America Corp. now faces a trial with the Securities and Exchange Commission over billions in bonuses paid at Merrill Lynch.