The Latest Breaking News from Centrum Broking

Axis Bank shares fall over 4% despite 38% YoY jump in Q2 net profit. Why brokerages are revising target prices

Axis Bank reported a 38% year-on-year rise in standalone net profit to Rs 7,003 crore in Q2 FY27, while net interest income rose 12%. Jefferies retained its Buy rating, while Centrum Broking and Dolat Capital lowered their target prices.

The Economic Times · Oct 19

From Rs 1,000 in 1977 to Rs 52 lakh today: The Reliance wealth story behind Jio’s Rs 10.3 lakh crore valuation in mega IPO

A Rs 1,000 investment in Reliance Industries’ 1977 IPO could be worth nearly Rs 52 lakh today, including shares received through the Jio Financial Services demerger. As Jio Platforms prepares for its Rs 30,200 crore IPO at a Rs 10.3 lakh crore valuation, investors will assess its growth prospects and…

The Economic Times · Oct 15

SBI Funds Management: Centrum bets on strong franchise, growth runway; initiates Buy with 34% upside

Centrum Broking has initiated coverage on SBI Funds Management with a Buy rating and a Rs 700 target, implying up to 34% upside. The brokerage sees SBI AMC’s extensive distribution network, strong B-30 presence, expanding retail franchise and growing non-MF businesses supporting AUM and earnings growth over the next three…

The Economic Times · Sep 29