May 26, 2016 at 10:43 | Source: Moneycontrol.com
Morgan Stanley has an overweight rating on the stock with an increased target price of Rs 1596 per share factoring in a rise in market multiple. The brokerage firm is impressed by L&T's step-up in execution in India, with domestic revenues (excluding services business) moving up 15 percent year-on-year.
May 25, 2016 at 17:39 | Source: Moneycontrol.com
Morgan Stanley has upgraded the stock to equal weight from neutral. It has a target price of Rs 530 per share as outlook for telecom business is improving, and worst in earnings downgrade cycle appears to have passed.
May 20, 2016 at 12:37 | Source: CNBC-TV18
R Sreesankar, Head Institutional Equities, Prabhudas Lilladher in an interview to CNBC-TV18 shared his rationale for picking Infosys, HDFC Bank, Aurobindo Pharma, Jubilant Life and Glenmark as his top picks.
May 18, 2016 at 10:14 | Source: PTI
Prices have shot up after US banking giant Goldman Sachs this week said that supply disruptions in Africa's biggest oil producer Nigeria -- along with better demand -- had created a surprising short-term supply deficit.
May 18, 2016 at 08:30 | Source: Moneycontrol.com
Indian Overseas Bank has informed BSE that a meeting of Committee of the Board of Directors of the Bank is scheduled to be held on May 20, 2016, inter alia, to consider and determine the Price for Equity Shares of the Bank to be issued through Qualified Institutions Placement, which was opened on May 17, 2016.
May 17, 2016 at 08:43 | Source: Moneycontrol.com
United Bank of India has issued and allotted 23,24,45,520 equity shares of Rs 10 each for cash at an issue price of Rs 20.65 per equity share including premium of Rs 10 65 per share on preferential basis to Government of India against capital infusion of Rs 480 crore.
May 16, 2016 at 07:49 | Source: CNBC
Australia's ASX 200 was up 0.35 percent, with some mining stocks coming under pressure. Shares of Oz Minerals were down 0.9 percent while South32 shed 2.22 percent. Major miners were mostly positive, though, with Fortescue up 0.35 percent.
May 10, 2016 at 16:10 | Source: Moneycontrol.com
The company, which has already received in-principle nod to set up a small finance bank, is the second microfinance firm to go public this fiscal. Another microfinance firm Equitas Holdings came out with its IPO last month.
May 10, 2016 at 08:07 | Source: Reuters
MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.3 percent in early trading. Wall Street put in a mixed performance overnight, undercut by tumbling oil prices amid expectations that US crude inventories would again build to record highs.
May 06, 2016 at 13:18 | Source: Moneycontrol.com
The company has allotted 9,51,27,908 equity shares of face value of Rs 10 each for cash at an issue price of Rs 77.79 for Rs 740 crore on preferential basis to Government of India.