The brokerage observed that the company is a diversified agri-business with a strong pedigree. Further, Indian agricultural value chain offers business opportunities.
The company has been awarded letter of intent (LoI) by Rajasthan council worth Rs 33 crore.
DEN Networks posted yet another quarter of profits with a strong performance on a year on year basis. However sequentially, the company saw no growth. Content costs were up in the quarter while employee benefit expenses were down 22 percent. In an interview with CNBC-TV18, SN Sharma, CEO of the company spoke about the results and his outlook for the company.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Axis Bank, Dr Reddy's Labs, TCS and Wockhardt and can exit MMTC.
Ashwani Gujral of ashwanigujral.com recommends buying TV Today, UltraTech Cement and Tata Steel.
The CLSA believes that an oversupplied global LNG market will make it challenging to place these long-term volumes.
The company posted a 5.2 percent rise in its third quarter with a net profit of Rs 231.8 crore.
The BSE Information Technology index was trading with gains of 1.54 per cent at 12213.70. It touched a high of 12,272.23 points.
"Looking at futures open interest and other derivative data, we expect Nifty to consolidate in the range of 10,600 to 10,800 levels with a positive bias. Any dip in prices should be used as a buying opportunity as 10,550 to 10,600 spot levels should act as strong support," says Shitij Gandhi, Senior Research Analyst, SMC Global Securities Ltd.
The company bagged two new orders worth Rs 529 crore and 394 crore from National Highway Authority of India (NHAI).
ICICI Direct expects USD to find supports at lower levels. Utilise the down side in the pair to go long on the USDINR.
Expect the flows into equities and debt funds to continue as other assets are not so attractive, said Sundeep Sikka, ED & CEO, Reliance Nippon Life AMC.
VK Sharma, Head - PCG and Capital Market Strategy at HDFC Securities is of the view that one can buy Sun Pharmaceutical Industries, TCS, UltraTech Cement and Bajaj Finance.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell PNB and HPCL and can buy Hexaware, Infosys, Jubilant Foodworks and Sun Pharma.
The market breadth was in favour of the declines on Wednesday morning with 357 stocks advancing as against 1276 declines while 373 remained unchanged. On the other hand, 619 stocks advanced and 1745 stocks declined while 80 remained unchanged on the BSE.
The Nifty Bank gained was up around 0.28 percent, led by gains of 1-2 percent in ICICI Bank, Axis Bank, Punjab National Bank, Bank of Baroda and IDFC Bank, among others.
The recycling company has received orders worth Rs 250 crore from Luminous Power Technologies Private Limited.
Ipca has acquired Pisgah for USD 9.65 millions free of debt.
Watch the interview of SP Tulsian of sptulsian.com with Latha Venkatesh, Anuj Singhal, and Sonia Shenoy of CNBC-TV18, where he shared his readings and outlook on the fundamentals of the market, and specific stocks and sectors.
The company has received European GMP approval for its formulation facilities at Panoli, Gujarat, India from Medicines Authority of Malta.
Godrej Agrovet, GAIL, pharma and auto, among others, are being tracked by analysts today.
The company's Q3 (Oct-Dec) net profit was down 45 percent to Rs 18.7 crore against net profit of Rs 34.04 crore in the same quarter last year.
The liquidity drive which pushed benchmark indices to record highs also pushed many stocks especially in the small and midcap space to valuations beyond their historic averages.
Prime Minister Narendra Modi inaugurated Hindustan Petroleum Corporation Ltd’s (HPCL) Barmer Refinery yesterday and CNBC-TV18’s Anshu Sharma caught up with the CMD of HPCL MK Surana and asked him about the size and investment of this new plant.
Merrill Lynch Markets Singapore Pte. sold 3,86,94,308 shares of Bharti Airtel.