Equity Alert
Billionbrains hits record high after analysts up target price
This story was originally published at 14:15 IST on 21 April 2026
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Equity Alert: Billionbrains hits record high after analysts up target price
MUMBAI--1353 IST--Shares of Billionbrains Garage reversed its losses of past three days and hit a record high after brokerages increased their target prices following its quarterly earnings released Monday. At 1308 IST, Shares of Billionbrains Garage Ventures traded 8.7% higher at INR 213.25 on the National Stock Exchange.
Earlier in the day, the stock hit its lifetime high of INR 216.25. Nearly 220 million shares have changed hands so far, more than 6-fold increase from its average daily volume for the past three months.
Several brokerages have increased target price of Billionbrains Garage Ventures following the company's announcement of its March quarter financial results on Monday. Motilal Oswal increased the target price for the share to INR 235, up 20% from its previous target price, and retained the 'buy' recommendation. This was after the brokerage raised the valuation multiple to 35 times the earnings per share for 2027–28 (Apr-Mar) from 28 times earlier.
Jefferies increased the target price for the stock 7% to INR 225 and retained the 'buy' recommendation. "Groww has shown more resilience, greater ability to cross-sell and better profitability relative to peer," Jefferies said, according to a post by NDTV Profit on X. (Prateem Rohanekar)
Equity Alert: HCL Tech breaks 3-session losing streak ahead of Q4 earnings
MUMBAI--1125 IST--HCL Technologies rose over 1% Tuesday ahead of its March quarter results, due later in the day. Shares of the information technology company rose after closing lower for three consecutive sessions and shed nearly 2% during this period.
The IT major is expected to report a 6% on-quarter decline in its consolidated net profit for the March quarter. The company's consolidated bottom line, excluding exceptional items, is expected at INR 47.23 billion. On a year-on-year basis, the company's bottom line is expected to rise nearly 10%. Its consolidated revenue for the reporting quarter is expected to rise 1.6% sequentially and almost 14% on year to INR 344.24 billion.
At 1121 IST, shares of HCL Tech were trading almost 1% higher at INR 1,441.30 on the NSE. So far in the day, over 966,000 shares of the company have changed hands on the exchange, higher than over 828,000 shares traded till the same time Monday.
Of the 18 brokerage recommendations available with Informist on the company, nine have a "buy" recommendation with an average target price of INR 1,854. Of the remaining nine, seven have a "hold" recommendation with an average target price of INR 1,691 and two have a "sell" call on the stock. (Arundathi A R)
Equity Alert: Nestle India rises to two-month high ahead of Q4 results
MUMBAI--1110 IS--Nestle India shares rose over 2% to a near two-month high of INR 1,314.90, ahead of its March quarter earnings announcement later in the day. The stock was up for the fifth straight session, gaining over 7% in this period.
Price hikes of select products, along with an improvement in urban demand are expected to boost the company's financial performance in Jan-Mar. The company is likely to report an over 10% on-year increase in its net profit to about INR 9.8 billion. The revenue is expected to rise around 14% on year to nearly INR 63 billion. On a quarter-on-quarter basis, the net profit is likely to rise over 13% and the revenue is expected to increase around 11%.
At 1101 IST, the stock was up over 1% at INR 1,302.40. So far in the day, nearly 800,000 shares of the company have changed hands on NSE, higher than nearly 460,000 shares traded till the same time Monday.
Of the 14 brokerage recommendations available with Informist on the company, five have a 'buy' recommendation on the stock with an average target price of INR 1,479 and five others have a 'hold' recommendation with an average target price of INR 1,379. The remaining four have a 'sell' recommendation with an average target price of INR 1,295. (Arundathi A R)
Equity Alert: Indices extend gains; almost all Nifty 50 cos trade higher
MUMBAI--1105 IST--Benchmark indices held on to their modest gains with most of the constituents in the Nifty 50 trading in the green. The 50-stock index stayed above the 24500-mark with less than 10 constituents in the red. Shares of major banks and fast-moving consumer goods companies were among the highest gainers in the index. Heavyweight stocks ICICI Bank and HDFC Bank were up around 2% and over 1%, respectively. Shares of Hindustan Unilever and Nestle traded over 1% higher, with the latter set to release its quarterly earnings later in the day. Both stocks came off their earlier highs but remained among the top gainers in the index.
At 1111 IST, the Nifty 50 was up 0.7% at 24545.85 points, while the BSE Sensex was 0.9% higher at 79205.12 points. Shares of Asian Paints was the top gainer in the Nifty 50 index. On Tuesday, the company announced the second round of price hikes to make up for increasing input costs driven by the conflict in West Asia. SBI Life Insurance Co. extended its losses and continued to be the biggest laggard in the 50-stock index by a wide margin. It was also the worst-hit stock in the Nifty 200 index.
All sectoral indices were in the green, with Nifty Realty being the top-performer among its peers, gaining 3%. Shares of Sobha Ltd. saw the highest gains in the sectoral index, gaining over 4%. Its peers, Godrej Properties, Phoenix Mills, and Lodha Developers, climbed over 3-4% and were among the best performers in the Nifty 200 index. Shares of Oberoi Realty were also up over 3?ter the company reported a 96% jump in its consolidated gross booking value to INR 16.73 billion for units sold in the March quarter. The Nifty Healthcare and the Nifty Pharma indices saw the lowest gains among its peers.
In the Nifty 200, shares of Billionbrains Garage Ventures were the highest gainers, risingover 7%. Monday, the company reported a 14% on-year jump in its consolidated bottom line and a 19% increase in its revenues for the March quarter. Shares of AU Small Finance also rose over 3% to be among the top gainers in the index. Monday, the bank said its board will consider raising funds through multiple avenues and approve the bank's quarterly and yearly financial results during their meeting scheduled for Apr. 27.
Lemon Tree Hotels extended its gains, climbing 11% and became the highest performing stock in the Nifty 500. Canara HSBC Life Insurance Co. shed 4% and was the worst-hit stock in the Nifty 500 index. (Shruti Nair)
Equity Alert: Indices open higher despite uncertainty over US-Iran war talks
MUMBAI--0950 IST--Domestic headline indices opened slightly higher Tuesday, extending gains for the third straight session, despite uncertainty over the second round of diplomatic talks between the US and Iran. Crude oil prices staying below $95 per barrel is seen as a positive. Most Nifty 50 constituents were trading higher.
At 0954 IST, the Nifty 50 was 0.5% higher at 24489. The BSE Sensex was up 0.6% at 79000.08. Broader market indices outperformed the benchmark peers slightly. Barring the Nifty IT, all the other sectoral indices were up 0.2–2.3%. Sectoral indices for banks and financial services logged the most gains. The Nifty Bank and Nifty PSU Bank were up 1% and Nifty Private Bank was up nearly 1%.
India VIX also suggested an ease in nervousness among investors. The volatility index was down nearly 5% at 17.9050.
Nestle India was the top Nifty 50 gainer, ahead of its Jan-Mar earnings. The stock was up 2%. It was up for the fifth straight session. Asian Paints followed with a gain of nearly 2%. Index heavyweights HDFC Bank and ICICI Bank were up around 1%, lending support to the index.
SBI Life Insurance Co. was the biggest laggard in the 50-stock index, down over 3%. HDFC Life Insurance Co. was the second-biggest laggard, down nearly 1%. (Arundathi A R)
Equity Alert: Indices seen in a range as US-Iran war peace talks uncertain
MUMBAI--0850 IST--Benchmark indices are expected to move in a range tracking the latest global developments. Diplomatic talks to end the US-Iran war remain uncertain as Iran has said it will not negotiate under the "shadow of threats". Analysts expect the session to witness intermittent volatility with uncertainty over the US-Iran ceasefire remaining a key overhang. However, Brent Crude oil prices staying around $95 per barrel is giving slight optimism to the domestic equity market. At 0842 IST, the June futures contract of Brent Crude was 0.5% lower at $94.96 per barrel.
US President Donald Trump said he is in no rush to end the conflict while also saying a deal with Iran could happen "relatively quickly" and expressing optimism that fresh talks with Tehran will soon take place in Pakistan, according to a report by The Guardian. "Iranian parliamentary speaker Mohammad Bagher Ghalibaf said Iran would not accept negotiations with the US while under threat," according to The Guardian. In a post on X, Bagher also said that Iran had "prepared to reveal new cards on the battlefield."
The April futures contract of Gift Nifty suggests the indices will move in range, as the contract is just 30 points away from the previous close of the Nifty 50 index. On Monday, the 50-stock index closed over 11 points higher at 24364.85. "We can expect sell-on-rise and buy-on-dips during the session," Sundar Kewat, technical and derivatives analyst at Ashika Group, said. At 0854 IST, the April contract of Gift Nifty was 0.2% lower at 24387.
HCL Technologies and Nestle India will announce their Jan-Mar earnings Tuesday. HCL Tech is likely to report a 6% sequential decline in consolidated net profit, excluding exceptional items, to INR 47.23 billion. On a year-on-year basis, the company's bottom line is expected to rise nearly 10%. The company's consolidated revenue for the quarter is expected to rise 1.6% sequentially and almost 14% on year to INR 344.24 billion. (Arundathi A R)
Equity Alert: Asian mkts mixed amid US-Iran tensions; Kospi hits record high
MUMBAI--0830 IST--Asian indices were mixed in early trade Tuesday even as market participants assessed the impact of renewed tensions between the US and Iran as the two warring countries approach the expiry of their ceasefire. South Korea's Kospi rose 2% and led the gains among its peers, hitting a record high, followed by Japan's Nikkei 225 which rose over 1%. China's CSI 300 deviated from most peers and was 0.6% lower.
On Monday, Iran's top negotiator Mohammad Bagher Ghalibaf accused US President Donald Trump of putting pressure on Tehran to surrender. He said Iran would not negotiate under threats. This was after Trump on Monday threatened "lots of bombs (will) start going off" if Tehran does not agree to a deal before the expiry of the ceasefire. Trump's comments came even as a US delegation was in the works to return to Pakistan for a second round of peace talks, CNBC reported.
The unprecedented gains in Kospi were led by the rise in stocks of chipmaking giants. Shares of index heavyweight SK Hynix rose over 4%, hitting an intraday high ahead of its quarterly earnings on Thursday. Shares of its peer Samsung Electronics saw more modest gains. They were up nearly 2%.
Hong Kong's Hang Seng showed marginal gains early in the session. Tuesday, Victory Giant, a circuit-board supplier to Nvidia, debuted on the Hong Kong Stock Exchange. Its shares rose over 60% from its initial offer price. The company raised $2.6 billion from its initial public offering, which was the largest in the city so far in 2026, South China Morning Post reported.
Following were the levels of major indices in Asia at 0830 IST:
| Indices | Levels | Change in % |
| CSI 300 Index | 4745.9592 | (-)0.24 |
| Hang Seng Index | 26364.05 | 0.01 |
| Nikkei 225 Day | 59596.1 | 1.31 |
| TOPIX FIRST SECTION | 3788.27 | 0.3 |
| KOSPI | 6350.69 | 2.12 |
| FTSE Singapore Strait Times | 5015 | 0.22 |
| S P/ ASX 200 INDEX | 8934.8 | (-)0.21 |
(Shruti Nair)
Equity Alert: US indices end lower, Nasdaq snaps 13-day winning streak
MUMBAI--0750 IST--US indices ended their three-week winning streak and closed lower Monday as renewed tensions between the US and Iran weighed on investor sentiment. While the Dow Jones Industrial Average ended nearly flat, its peer, the Nasdaq Composite, ended 0.3% lower, after gaining for the past 13 consecutive sessions. Crude oil prices fell marginally Tuesday but still hovered around the $95-per-barrel mark at 0740 IST after resuming their climb this week on the news of the re-closure of the Strait of Hormuz.
Shares of technology majors Meta and Netflix ended 2.6% lower on Monday, with the former ending its nine-day winning streak. Market participants await the quarterly results of Lockheed Martin and IBM scheduled later this week to assess the impact of the US-Iran war on corporate earnings. Tesla's earnings, set to come out Wednesday, will be the first among the "Magnificent Seven" group of stocks.
As the expiry of the US-Iran ceasefire approaches, investors remain wary of the mixed messages coming from both the warring parties. Monday, a senior Iranian official told Reuters that the country is considering peace talks with the US in Pakistan. Later, however, Iran's top negotiator, Mohammad Baqer Qalibaf in a social media post accused US President Donald Trump of using the US naval blockade to put pressure on Iran, saying that Iran rejected negotiations under threat. Tensions escalated after the US navy seized an Iranian cargo ship in the Strait of Oman over the weekend. Subsequently, Iran refused to participate in the second round of negotiations with the US in Pakistan and closed the Strait of Hormuz.
Following are the closing levels of US indices on Monday:
| US Indices | Levels | Change in % |
| Dow Jones Industrial Average | 49442.56 | (-)0.01 |
| NASDAQ Composite | 24404.393 | (-)0.26 |
| S&P 500 | 7109.14 | (-)0.24 |
(Shruti Nair)
US$1 = INR 93.52
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Akul Nishant Akhoury
All prices from National Stock Exchange, unless otherwise specified.
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