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2025-06-04 10:42:08| The Economic Times

Kotak Institutional Equities' Sanjeev Prasad observes the Nifty 50 index is range bound. Valuations are expensive, but macroeconomics are decent. Earnings growth faces challenges from domestic and global issues. Good macroeconomics may not translate to market gains. Commodity sectors and tariff increases drive incremental profits. Earnings upgrades are not visible despite positive macro factors.

Category: News and Media

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2025-06-04 08:47:48| The Economic Times

Morgan Stanley initiated coverage on Swiggy with an 'Overweight' rating and a price target of Rs 405, indicating a 22% upside. The brokerage highlighted strong growth potential in food delivery and quick commerce, valuing Swiggy as an emerging competitor to market leader Zomato with significant long-term earnings prospects.

Category: News and Media

2025-06-04 08:44:16| The Economic Times

Sun Pharma Advanced Research Company (SPARC) psoriasis drug, Vibozilimod (SCD-044), failed to meet primary endpoints in Phase 2 trials for psoriasis and atopic dermatitis. The company has decided to discontinue development of the drug. Separately, a surprise FDA inspection is underway at Sun Pharmas Halol manufacturing facility.

Category: News and Media

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06.06 Zomato poised for smart rebound post capex cycle: Mayuresh Joshi 06.06 Trump vs Musk: How the world's most powerful man and the world's richest man went from allies to foes 'overnight' 06.06 ETMarkets Smart Talk - Were adding to domestic plays like autos, banks & telecom: V. Srivatsa, UTI MF 06.06 Friday Watch 06.06 Lululemon shares plunge as Trump tariffs bite 06.06 Positive Breakout: These 5 stocks cross above their 200 DMAs 06.06 Stock market Holiday 2025: Are Indian exchanges NSE and BSE shut for Bakrid today? 06.06 Should you be eating food products with fewer ingredients? More »