Real Estate stocks have been buzzing off late. In an interview to CNBC-TV18, Adhidev Chattopadhyay of ICICI Securities shared his views and readings on the sector.
Organically we are looking to grow our businesses between 15 and 20 percent and layer acquisitions on top of that, Ajit Isaac, CMD & CEO of Quess Corp said.
"TBSS fills a strategic gap in Quess' offerings related to CLM and BPM space," the company said, adding it is an EPS accretive transaction.
Tech Mahindra was up over 2 percent while Reliance Industries gained 1.6 percent. Tata Steel, Aani Ports and Cipla were the other top Nifty gainers.
Porinjuv Veliyath bought 2,00,000 shares of BCL Industries at Rs 109.90.
We analysed the BSE universe to find stocks that gave a return of 100 percent if they had been held for the last five years.
NBCC has awarded contract worth Rs 524 crore to Simplex Infrastructures for construction of various buildings of IIT Bhubaneswar.
NTPC, IndiGo and Quess Corp, among others, are on investors’ radar on Tuesday.
ARSS Infrastructure Projects has received work order worth Rs 87.09 crore from Rail Vikas Nigam.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Divis Laboratories, Bajaj Auto, Tata Chemicals and V-Guard Industries and can sell Chennai Petroleum.
Trading of SGX Nifty futures on the Singapore stock exchange indicates that the Nifty could gain 33.5 points at the opening bell, says Maximus Securities.
Nifty Future is opening gap up by 31 points against yesterday's close of 10318 as indicated by SGX Nifty which is currently trading at 10349, says Dynamic Levels.
Rajesh Ramanlal Shah bought 20,01,871 shares of Mercator at Rs 40.90.
According to Prakash Gaba of prakashgaba.com, Nifty is up and an upside to 10340 is a possibility as long as 10175 holds. The crucial support for Nifty is at 10175-10089 and the resistance is at 10340. Bank Nifty on the other hand has support at 25600 and resistance at 26000.
Mitessh Thakkar of miteshthacker.com suggests selling ACC with a stop loss of Rs 1734 for target of Rs 1650 and advises buying Biocon with a stop loss of Rs 412 for target of Rs 445.
State Bank of India | Mahindra & Mahindra | Infibeam Incorporation | Union Bank | Reliance Communications | Marico | Madhucon Projects | Quess Corp | ARSS Infra | NBCC | Godrej Properties | Videocon Industries | TCPL Packaging and Cadila Healthcare are stocks, which are in the news today.
F&O cues: Nifty 10500 Call added 4.1 lakh shares in Open Interest.
Motilal Oswal expects the company to deliver 25 percent CAGR in new business APE (annual premium equivalent) over FY17-20. This will be aided by its increasing bancassurance tie-ups, improvement in agency channel and higher direct sales.
The firm believes that the company will record revenue CAGR of 12 percent during the FY17-19E and expecting EBITDA and PAT to grow by 9-10 percent CAGR during the FY17-19E.
Prakash Gaba of prakashgaba.com is of the view that one can buy GMDC and Kwality.
Prakash Gaba of prakashgaba.com is of the view that one may hold Manappuram Finance.
Ashwani Gujral of ashwanigujral.com recommends buying Reliance Industries, Vedanta and Bombay Burmah.
Prakash Gaba of prakashgaba.com is of the view that one may buy Apollo Tyres.
Sandeep Wagle of powermywealth.com suggests buying Indiabulls Real Estate and Equitas Holdings.
Mitessh Thakkar of miteshthacker.com is of the view that one can sell ACC and buy Walchandnagar Industries, Adani Enterprises and Biocon.