National · National
Rekha Jhunjhunwala portfolio stock Metro Brands slumps 30% so far in 2026| Should you buy, sell, or hold?
Source: Livemint — Markets · 4 hr ago
Summary
Metro Brands’ shares have dropped about 27% this year, yet Elara Capital projects higher revenue and profit for the next fiscal year’s second quarter and keeps a Buy recommendation with a target price. Analysts note the stock may face valuation concerns and margin pressure, and technical signals suggest the downward trend could persist.
AI-generated summary. Verify important details at the source.
From the original report
Metro Brands have fallen 27.11% in 2026, but Elara Capital expects FY27 second-quarter revenue and adjusted profit to grow. The brokerage maintains a Buy rating and ₹1,510 target. Analysts also flag valuation and possible margin pressure, while technical indicators point to continued weakness.
Excerpt from Livemint — Markets.
ScanSeva shows summaries and short excerpts only and always links to the original publisher.
More like this
National · National
Supreme Court stays defamation case proceedings against Rahul Gandhi over 2018 remarks against PM
The Supreme Court has put a hold on the defamation case against Rahul Gandhi concerning his 2018 comments about the prime minister. The court ordered the Maharashtra government and the complainant, M H Shrishrimal, to submit their replies within four weeks.
The Hindu · 3 hr ago
National · National
UPI MDR on select merchant transactions shall be implemented post Diwali
The National Payments Corporation of India (NPCI) announced that the Merchant Discount Rate (MDR) for certain person‑to‑merchant UPI transactions will start being applied after Diwali. The exact date for the implementation will be communicated later. This change affects only selected merchant transactions.
The Hindu · 3 hr ago
National · National
Bayer to distribute, market INERA’s crop nutrition product
Bayer has formed a partnership with Absolute’s INERA to sell and promote a climate‑resilient crop nutrition product in India. The collaboration aims to improve nutrient use efficiency for farmers by using AI‑based analytics.
Hindu BusinessLine · 3 hr ago
National · National
CKK Retail Mart to issue 5:1 bonus, enhance share capital
The board approved a plan to increase the company’s capital from 20 crore rupees to 117 crore rupees, which would raise paid‑up equity to about 116.21 crore rupees if shareholders agree. The proposal also includes issuing a 5‑for‑1 bonus share allotment.
Hindu BusinessLine · 3 hr ago
National · National
Anti-CEC protests LIVE: Supreme Court defers hearing on pleas related to Delhi protests, curbs on metro and trains to October 15
Members of the Disha Students Organisation demonstrated at Connaught Place, opposing the removal of Jantar Mantar’s status as a protest venue and the elimination of the SIR. Meanwhile, the Supreme Court postponed consideration of petitions concerning the Delhi protests and restrictions on metro and train services, scheduling the hearing for October 15.
The Hindu · 3 hr ago
National · National
Transfer of 30.63 lakh farm electricity connections to Rythu Discom is conspiracy to end 24x7 free power, alleges Harish Rao
Harish Rao claims that moving 30.63 lakh farm electricity connections to the Rythu Discom is a plot to stop the provision of round‑the‑clock free power. He notes that most of the Discom’s supply comes from solar sources, which only generate during daylight, while hydroelectric power makes up a smaller share and is available for only a few months each year.
The Hindu · 3 hr ago