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vodafone idea shares: Vodafone Idea tumbles 50% in 2021. Analysts see more pain in the offing

Analysts do not see an end to this pain. They say Vodafone Idea's liabilities are much higher than what its profit & loss (P&L) statement indicates. Default is a real risk at the telecom operator, they add, slashing the stock's target to as low as Rs 4, suggesting up to 29 per cent downside.

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rakesh jhunjhunwala: Jhunjhunwala's latest stock pick is a play on deleveraging, dividends

Price targets for the stock suggest analysts are valuing it at 4.55-5.5 times FY22 EV/Ebitda and a P/B of 1.1 compared with a historical average of 0.7 times. They see 25-63 per cent potential upside for the stock from here on.

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rakesh jhunjhunwala: Jhunjhunwala's pharma bet dives after 'optically' good Q1; targets cut

ICICI Securities said Lupins performance was below expectations due to a dip in US sales and lower gross margin. It said US sales would remain under pressure and multiple ongoing USFDA issues would weigh on new approvals.

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Bank of Baroda share price: Analysts suddenly gung ho on this PSU bank, see up to 50% upside

Motilal Oswal Securities has hiked its earnings estimates by 47 per cent for FY22 and 22 per cent for FY23 post the bank's Q1 numbers.

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HDFC Q1: HDFC Q1 results cheer up Street; analysts see up to 31% upside

HDFC Q1: HDFC Q1 results cheer up Street; analysts see up to 31% upside
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

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Despite 400% rally, Nifty's 2nd best performer has more steam left

Despite 400% rally, Nifty's 2nd best performer has more steam left
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

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Damani venture's missing online aggression may cost stock rerating

Damani venture's missing online aggression may cost stock rerating
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

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Wipro hits new high on healthy Q1 results; surges 12% in 3 days


Shares of Wipro hit a new high of Rs 589, up 2 per cent, on the BSE in intra-day trade on Friday after the company reported a healthy set of June quarter (Q1FY22) numbers. The scrip has surged 12 per cent in three days.
At 09:30 am, it was up by less than 1 per cent at Rs 578.90 after hitting a low of Rs 568.25 in intra-day trade today. A combined 1.9 million equity shares had changed hands on the counter on the NSE and BSE so far.
Wipro surpassed its revenue guidance for the first quarter (Q1), which it hailed as its best ever, as it reported a 35.7 per cent year-on-year (YoY) increase in consolidated net profit. This performance was aided by an acceleration in demand thanks to the cloud and digital transformation, and supported by the company’s new business strategy. Net profit grew to Rs 3,243 crore and was up 9.1 per cent sequentially. Revenue grew 22.3 per cent YoY to Rs 18,525 crore and was up 12.4 per cent sequentially.

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Wipro Q1 results: Wipro's turnaround on track but the stock offers little upside: Analysts

Wipro Q1 results: Wipro's turnaround on track but the stock offers little upside: Analysts
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

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