Business
Jefferies adds Groww, State Bank of India, 5 others to 23 buy ideas. Here’s the full list
State Bank of India – The country’s largest bank has a target price of Rs 1,300 and an upside potential of 20% from current market levels. Jefferies says the lender is well placed to grow its loan book, supported by a lower loan-to-deposit ratio (LDR) and stable asset quality. The management is focused on improving return on assets (ROA) beyond the 1–1.1% range, with scope to increase the fee-to-asset ratio from 0.5% in FY25. A key priority will be to accelerate deposit growth from the current 9% to around 11–12% over the next 12–18 months to support sustainable credit expansion.
Groww – Billionbrains Garage Ventures, the parent company of Groww, has a target of Rs 195 per share, an upside of 23% from the last close. Groww is the largest broker in terms of active clients, with a 28% market share, compared with 15% for the second-largest player. This leadership is driven by its strong mutual fund funnel, an easy-to-use UI and UX, and robust word-of-mouth traction. Jefferies forecasts revenue growth of 29% CAGR over FY26–28E, supported by higher product velocity, similar to its US peer Robinhood, and rising client assets as accounts mature, with client assets having grown 6–11x over the past three years.
Star Health & Allied Insurance – Analysts have pegged the target price at Rs 660 per share. That’s an upside potential of 43% from current levels. The company is the leading private health insurer in India, with a dominant presence in the retail health segment and an estimated market share of around 31%, supported by its strong proprietary distribution network. Jefferies also expects the loss ratio to improve as claim frequency stabilises and recent price hikes support higher net earned premiums (NEP). Early signs of this trend are already visible.
Bharat Forge – The automobile company has a target price of Rs 2,150, translating to an upside of 21% from the current levels. Its operational outlook is showing signs of improvement, supported by indications that the US truck cycle is bottoming out, stronger truck demand in India, easing India–US tariff pressures and continued momentum in the defence segment, says Jefferies. According to Jefferies’ US research team, the strength in orders, along with discussions with OEMs, suggests a meaningful pre-buy trend ahead of the EPA 2027 regulation changes.
JSW Steel – With a target price of Rs 1,400, Jefferies forecasts that the counter can gain nearly 20% from the last close of Rs 1,173 on the BSE. It has rapidly expanded its India capacity from 8 mtpa in FY10 to 34 mtpa in FY25. The company has also announced a 1 mtpa Electric Arc Furnace (EAF)-based expansion in Andhra Pradesh, which is expected to take its India capacity to 43 mtpa by FY29E. Overall, JSTL is targeting an India capacity of 50 mtpa by FY31E. We forecast a healthy 6% CAGR in India volumes over FY26–28E.
Eternal – The company has a target price of Rs 480, a staggering 117% upside from current levels. “Eternal has corrected 32% from its Oct-25 peak and offers good upside from current levels in our view,” the brokerage said. Food delivery remains the key cash generator for Zomato, with the segment continuing to grow at over 15% while profitability improves. The business generates strong returns and cash flows, supported by a duopoly market structure and minimal working capital and capex requirements. Management expects growth to accelerate to around 20% in the medium term. The company also sees a large opportunity in quick commerce. Despite intense competition in the segment, Eternal’s Blinkit continues to report strong growth and is the only player to have reached breakeven. This comes even as existing players continue to post significant losses and new entrants are rapidly scaling up their operations.Max Healthcare – The brokerage has assigned a target price of Rs 1,320, translating to an upside of 29% from current levels. Max Healthcare plans to double its bed capacity over the next three to four years, with most of the expansion coming through brownfield additions, which typically have shorter breakeven periods and higher EBITDA margins. The company’s new Dwarka facility broke even in a record six months and began contributing to EBITDA from 4QFY25, underscoring strong demand in Max’s largest market. Recently acquired facilities in Lucknow and Nagpur have also ramped up well, delivering strong EBITDA growth post-acquisition, while recent bed additions indicate sustained demand. The acquisition of Jaypee’s Noida asset has also scaled up effectively and currently operates at high-teens EBITDA margins.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
More Troubled Waters: Heard on the Street Recap
The Australian Fashion Council and RM Williams have launched a national plan to rebuild Australia’s manufacturing capability across the textile, clothing and footwear sector.
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The Dow Jones Industrial Average ended Wednesday at its lowest close of the year, dragged down by a new climb in oil prices that threatened to hold fuel costs at painful levels for many U.S. companies and consumers.
Futures for Brent crude, the global benchmark, rose 4.8% to trade at around $92 a barrel, unbowed by an announcement from the International Energy Agency that its member countries will release a record 400 million barrels of oil from strategic reserves.
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Swedish athlete Mondo Duplantis continues to dominate the pole vault scene after setting a new world record of 6.31 metres at the Mondo Classic indoor meeting in Uppsala on Thursday.
The Olympic and world champion surpassed his previous mark by one centimeter. Duplantis opened the competition at 5.65m, smoothly progressed through 5.90m and 6.08m, and cleared the historic height with flawless execution.
Flawless Performance and Record-Breaking Consistency
Unlike most track and field disciplines, pole vault has a single world record for indoor and outdoor performances, amplifying the significance of Duplantis’ achievement.
Since setting his first world record in 2020, he has now broken the mark 15 times, according to Reuters. His consistency in breaking records was unbelievable since no athlete has ever done that before.
The 26-year-old is not only athletic, but his power, timing, and precision are a rare gem in the field. This makes him a once-in-a-generation athlete for the next-gen decade.
International Competitors Push the Field
Norway’s Sondre Guttormsen claimed second place by clearing 6.00m, marking his second successful six-metre vault this season. American vaulters Zachery Bradford and Sam Kendricks, along with Australia’s Kurtis Marschall, all cleared 5.90m, highlighting the growing competitiveness on the international stage.
Despite these strong performances, none could match the technical precision or dominance of Duplantis. According to some fans, it’s not a competition since no one was close to what Duplantis did during that day.
“I always wonder whether he’ll ever jump the highest he possibly can before it’s too late, or if he’ll continue to push it one increment at a time and end up on the back-end of his career before he ever hits his true max height,” one fan said on Reddit.
“Duplantis TLDR: He could’ve made the current WR a long time ago, but he gets a payout every time he breaks it, so he’s been breaking the record by 1cm multiple times a year for a long time,” another one joked.
Duplantis’ Lasting Legacy in Track and Field
Mondo Duplantis continues to show us that the limits of pole vaulting are only in our heads. He is considered a superhuman by many fans due to his unmatched streak of record-breaking performances.
At each record that he broke, he pushed the boundaries of human performance to the extreme. Some fans believe that pole vaulting should be changed to Mondo vaulting. That’s how good he is when he’s in the zone. He’s unstoppable and is in a league of his own.
Originally published on sportsworldnews.com
In the past 24 hours, Bitcoin and Ethereum were up 3.03% and 4.37%, respectively. Among major altcoins, BNB, XRP, Solana, Tron, Dogecoin, Cardano, and Hyperliquid gained over 5%.
Vikram Subburaj, CEO of Giottus, said U.S. Treasury Secretary Scott Bessent’s remarks pushed crude about $2 per barrel lower, while Bitcoin rallied to just under $72,000.Subburaj further said that U.S. spot Bitcoin ETFs recorded $115.2 million in net inflows on March 11 and $7.7 million on March 12. The next key macro triggers are the Federal Reserve’s March 17–18 meeting and the U.S. February PPI release on March 18, both of which could influence rate-cut expectations and, by extension, crypto risk appetite.Also Read | Large, mid and small cap mutual funds see rising inflows in February. Is the shift back to equities underway?
The global crypto market capitalisation rose 2.67% to $2.43 trillion, according to CoinMarketCap.
The overall market sentiment remains in the fear zone but has been improving in recent days. The latest rally added more than $50 billion in market value within hours, while the U.S. stock market wiped out nearly $1 trillion, said the CoinDCX Research Team.
In the past week, Bitcoin and Ethereum were up 1.49% and 2.10%, respectively. Among major altcoins, BNB, XRP, Solana, Tron, Dogecoin, Cardano, and Hyperliquid surged up to 23%.
Also Read | Gold and silver ETFs slip up to 3% as rising crude prices dampen rate cut hopes. Is it time to buy or wait?
Technically, Bitcoin is attempting to stabilise above the $70,000 level, which is emerging as a near-term support zone. Overall, the crypto market appears to be in a consolidation phase, where improving institutional participation is gradually counterbalancing macro headwinds such as rising yields, geopolitical tensions, and cautious global risk appetite, said Riya Sehgal, Research Analyst at Delta Exchange.
Market perspective
Akshat Siddhant, Lead Quant Analyst, Mudrex:
Bitcoin is testing resistance at $72,000 while maintaining bullish momentum. U.S. initial jobless claims came broadly in line with expectations, helping ease macro concerns and support risk assets.
CoinSwitch Markets Desk:
BTC moved close to $71K after U.S. inflation and jobless claims came in line with expectations, but the data offered little new momentum for markets. Traders remain cautious, with futures funding rates around –7%, showing that many participants are still betting on downside.
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Bachem Holding AG 2025 Q4 – Results – Earnings Call Presentation (OTCMKTS:BCHMY) 2026-03-13
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