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Within the feature phone segment, shipments of 4G-enabled handsets rose 63% from the previous three-month period to 8.2 million, with JioBharat fuelling the growth, CLSA said in a report. But they were 61% lower compared with the peak 4G feature phone shipment of 21 million units. Reliance's JioBharat, launched in July last year at ₹999, boosted the feature phone segment volumes, especially in the latter half of 2023, according to analysts and market trackers.
Stock analysts at CLSA initiated coverage on shares of Tencent Music Entertainment Group (NYSE:TME – Get Free Report) in a research report issued to clients and investors on Monday, Marketbeat reports. The brokerage set an “outperform” rating and a $10.50 price target on the stock. CLSA’s target price would indicate a potential upside of 6.92% […]
After Sony canceled a $10 billion mega-merger with its India unit and Zee Entertainment, global broking firm CLSA on Monday downgraded the stock to sell rating and warned investors that a valuation de-rating could be in the offing.
While earnings by the country's biggest private sector lender remained a concern, global brokerage CLSA has reiterated its ‘buy’ rating on the stock with a target of ₹2,025 per share, implying an upside of almost 38 percent.
CLSA maintained a buy rating on RIL with a target price of Rs 3060. Organic and inorganic triggers are likely to come together and support the up move in 2024.
India Business News: Morgan Stanley and CLSA, two of the most respected brokerages on Dalal Street, are taking a cautious approach to India's stock market in the current y
Morgan Stanley and CLSA, two respected brokerages, caution about volatility in the Indian market. Factors such as Lok Sabha polls and cues from the US market contribute to the volatility. However, strong macro fundamentals and corporate earnings growth in India provide stability.
The stock price of Sula Vineyards, the biggest wine producer in India, rose by 17.30% today following a rating upgrade to 'Buy' and an increased target price by global brokerage firm CLSA.