Jefferies Financial Group is allegedly considering selling Stratos, the company that operates the FXCM and Tradu brands, which offer contracts for differences (CFD) instruments, Finance Magnates has learned from multiple sources. The status of the sale, however, remains unclear as the potential buyer may be an out-of-industry participant, such as a crypto exchange. Finance Magnates…
Shares of Bharat Heavy Electricals rebounded sharply on Friday, rising as much as 4.8% to Rs 285.50 on the BSE, a day after the stock plunged 10% and hit the lower circuit. The recovery came as investors reassessed reports that India may ease restrictions on Chinese firms bidding for government contracts. The earlier news had…
Global brokerage firm Jefferies projects the Nifty to reach 28,300 by December 2026, attributing this forecast to two strong drivers — sustained equity supply and robust domestic flows. These factors are expected to keep Indian equity markets range-bound over the coming year. The target is based on a 20x PE multiple on estimated Dec-27 earnings,…
Stating that LG Electronics India shares trade 10–15% below the PE multiples commanded by Blue Star and Havells, global brokerage firm Jefferies has initiated coverage with a Buy rating and a target price of Rs 1,980, indicating a potential 21% upside from current levels. The brokerage’s bullish stance is backed by LGEL’s dominant leadership in…
Jefferies said its top stock picks among engineering and construction companies are Hindustan Aeronautics, Siemens, Larsen & Toubro and KEI Industries. The brokerage said the order flow of companies in these segments rose by 28% in FY25, led by HAL and Siemens. Agencies “Operating leverage was seen for most companies led by defence stocks, which…
November 15, 2024November 15, 2024 Jefferies reports that the US-China trade war under Trump 2.0 may ease if China relocates some manufacturing units to the US. Jefferies suggests that China could negotiate a new deal with the US under Trump 2.0, potentially agreeing to shift…
Adani Power, a part of the Adani Group companies, has rallied over 200% in a year and picked up momentum in the run-up to the Lok Sabha election outcome in anticipation of continuity of reforms. “If the current government retains majority, as exit polls suggest, it adds wings to the strong sector outlook,” Jefferies said…