Sep 23, 2014 at 17:12 | Source: CNBC-TV18
The current geopolitical tensions are sure to weigh on global equity markets but on the other hand the situation in Ukraine seems to have reduced and there does not seem to be any risks to oil supply as of now, says Christopher Palmer, Henderson Global Investors.
Sep 23, 2014 at 17:05 | Source: Moneycontrol.com
Shares of Sharda Cropchem closed at Rs 231.45 up 48% on the BSE which was started off trade with 66.67 percent rally on day one (Tuesday Sept 23), which is higher than analysts' expectations of around 40-45 percent jump over issue price of Rs 156.
Sep 23, 2014 at 17:03 | Source: Moneycontrol.com
AnandRathi Securities is bullish on Indoco Remedies and has recommended buy rating on the stock with a target price of Rs 355 in its September 22, 2014 research report.
Sep 23, 2014 at 15:09 | Source: Moneycontrol.com
Brokerage house Prabhudas Lilladher has initiated its coverage on Emami with a "Reduce" rating on the stock. The firm believes the stock is trading at a premium to Hindustan Unilever and Colgate despite lower ROE and dividend payout. It has set a price target of Rs 610.
Sep 23, 2014 at 14:58 | Source: Moneycontrol.com
An expected upturn in domestic iron ore supply, which may result in falling prices, is likely to be a negative for several domestic steel companies having captive mines even as they continue to face intense competitive pressures globally thanks to a sharp fall in global ore prices, according to a research report by Prabhudas Lilladher.
Sep 23, 2014 at 13:32 | Source: Moneycontrol.com
The brokerage cut its earnings estimates by 5 percent, but raised target price to Rs 1,470 as the value of subsidiaries has gone up in line with the rest of the market.
Sep 23, 2014 at 13:27 | Source: Moneycontrol.com
Research firm Anand Rathi has maintained its BUY rating on Yes Bank expecting it to post 1.7% RoA over FY15-16, propelled by its expanding branch network, stable margin and healthy asset quality. It has set a target price of Rs 735 based on the Dividend Discount valuation model.
Sep 23, 2014 at 13:11 | Source: CNBC-TV18
Sharp decline in SAIL's share price to Rs 72-73 is believed to be a likely factor for OFS deferment as the government seems in no mood to sell the share cheap.
Sep 23, 2014 at 12:50 | Source: Moneycontrol.com
Brokerage house Motilal Oswal has upgraded United Spirits from NEUTRAL rating to BUY citing bulk of the financial improvement to happen post FY16. The firm has set a target price of Rs 3000 based on the DCF valuation model .
Sep 23, 2014 at 12:11 | Source: CNBC-TV18
Sanofi is a major player in the diabetes space and many of its top selling brands for like Amaryl and many other products were coming under the price control order. Hence, the company had to cut prices.