Jul 22, 2016 at 12:51 | Source: Moneycontrol.com
Citi has a buy rating on the stock with an increased target price of Rs 295 per share. After 12 quarters of negative or subdued volumes, Q1FY17 retail volumes slightly higher at 4-5 percent is positive for the FMCG major. It adds that despite better volumes, mix shift to 64mm and constrained pricing have impacted cigarette EBIT slightly.
Jul 22, 2016 at 09:09 | Source: Moneycontrol.com
Citi has a buy call on ITC with target increased to Rs 295 from Rs 260 per share as cigarette volumes rebound to 3-4 percent in Q1 YoY. Goldman Sachs also reiterates buy rating with improving volume trend to lead to valuation convergence.
Jul 19, 2016 at 20:02 | Source: Moneycontrol.com
A report by Citi estimates around 310,000 vehicles, or a little less than 10 percent of the total on-road vehicles, might need to be replaced or scrapped following the National Green Tribunal order to cancel the registration of all vehicles in New Delhi over 10 years old.
Jul 19, 2016 at 19:11 | Source: CNBC
In its World Economic Outlook, published on Tuesday, the IMF forecast global growth at 3.1 percent in 2016 0.1 percentage points down from its April forecast.
Jul 19, 2016 at 09:57 | Source: Moneycontrol.com
HUL management has reaffirmed its guidance of continued improvement in operating margins despite the recent increase in commodity costs.
Jul 18, 2016 at 13:22 | Source: Moneycontrol.com
With maintaining buy rating, Goldman Sachs says it likes RIL's exposure to three themes - high refining complexity, high gasoline yield and organic earnings growth.
Jul 11, 2016 at 13:04 | Source: Reuters
Line set the IPO price at 3,300 yen per share, compared with its book-building range of 2,900-3,300 yen, a filing with Japan's finance ministry showed on Monday.
Jul 08, 2016 at 08:36 | Source: Moneycontrol.com
On July 7, 2016 Linden Capital L P bought 5,53,80,252 shares of GTL Infrastructure at Rs 2.69.
Jun 28, 2016 at 09:52 | Source: Moneycontrol.com
The management is confident that after Reliance Jio launch, top three telecom companies overall market share may not get impacted benefitting by adding low-end subs although they may lose some high-end subscribers. Idea considers low-end customer to be profitable and does not see margin dilution from this subscribers base.
Jun 27, 2016 at 08:01 | Source: CNBC
Analysts warn the market moves in stocks and bonds and other assets could also be more exaggerated than normal, as fund managers around the world juggle positions, selling both winners and losers ahead of the end of the second quarter Thursday.