Kotak Equities News Today : Breaking News, Live Updates & Top Stories | Vimarsana

ITC's Q4 results disappoint investors, shares drop nearly 1% to Rs 437.85. Brokerages raise target prices up to Rs 540. Citi sets target at Rs 515, warns of regulatory impact. Morgan Stanley targets Rs 506, CLSA at Rs 470. Motilal Oswal sees defensive potential, Kotak trims EPS, targets Rs 465. JM Financial holds highest target of Rs 540, emphasizes on cigarette volume growth and capital allocation strategy for rerating.

Hindustan Zinc stock has delivered multibagger returns of 121 percent year-to-date. In comparison, Nifty metal index has risen 24 percent and Nifty 50 index has risen 3.7 percent during this period.

M&M achieved a new 52-week high of Rs 2,554.75 following better-than-expected March quarter performance, prompting increases in target prices and upgrades. Jefferies, a global brokerage firm, upgraded M&M to a buy rating and raised the target price to Rs 2,910.

Oberoi Realty's shares surged by 9% to reach a new 52-week high of Rs 1,712.30 following the company's announcement of a 65% year-on-year (YoY) increase in its Q4 profit, reaching Rs 788 crore.

L&T Q4 Results Preview: L&T set to show strong growth in Q4 2024, with revenue expected to increase by up to 17% YoY and net profit by up to 11% YoY. Key factors include domestic tender pipeline and margin performance.