The company is looking at setting up a long-steel product division for which they have the necessary land, and some infrastructure is readily available on site, said Sanjay Pattnaik, MD, Tata Sponge.
Rajat Bose of rajatkbose.com recommends buying HDFC Bank, Repco Home and United Spirits.
According to Amit Gupta of ICICIdirect, one can buy Axis Bank, SBI, V-Guard Industries, UPL and Adani Ports.
Hindustan Unilever Ltd (HUL) that delivered an all-round beat on the earnings front in the third quarter. Volume growth comes in at a robust 11 percent crossing double-digits for the first time in 6 years. In an interview with CNBC-TV18, Abneesh Roy, Senior Vice President of Edelweiss Securities shared his views and readings on the same.
ICICI Direct expects USD to meet supply pressure at higher levels. Utilise the up side in the pair to go short on the USDINR.
The company signed two long term agreements with Serum Institute of India and its wholly owned subsidiary, Bilthovan Biologicals B.V (BBIO).
"The close at all-time high levels clearly signifies sturdy resilience, which augurs well for the market to head towards our earmarked target of 10,836 coinciding with an upper band of rising channel. Hence, we believe any dip towards 10,710 should be capitalised for an incremental buying opportunity in upcoming sessions," says Dharmesh Shah, Head Technical, AVP at ICICI Direct.com Research.
The said order has been bagged from the domestic market and will further boost the sales of the company resulting into increased capacity utilization.
The market breadth was in favour of the advances on Thursday morning with 1158 stocks advancing as against 445 declines while 405 remained unchanged. On the other hand, 1531 stocks advanced and 664 stocks declined while 81 remained unchanged on the BSE.
With completion of this acquisition, company will be a franchisee for PepsiCo products across 20 states and 2 union territories of India.
Marico, Magma Fincorp and Mindtree, among others, are on the radar of analysts on Thursday.
Bank Nifty surges around 500 points in opening tick before coming off the highs.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Yes Bank, Tata Elxsi and Sun Pharmaceutical Industries and can sell Mahanagar Gas and Berger Paints.
The contract includes construction of 4 laning from km 624.480 to km 653.225 of NH-7 in the state of Madhya Pradesh under NHDP phase-III on EPC mode.
As Indian drug makers brace up to report their third quarter earnings in the days ahead, analysts predict Q3 FY18 to be mixed bag with revenues expected to remain flat on year-on-year basis, though on sequential basis things may look much better.
The structural Bull Run is intact and there is plenty of money to be made in Indian equities. For the year 2018, some analysts see the index heading towards 40,000 by December 2018-end.
Mitessh Thakkar of miteshthacker.com recommends buying Buy ICICI Prudential with a stop loss of Rs 412.5 and target of Rs 435 and Larsen & Toubro with a stop loss of Rs 1324 and target of Rs 1410.
Indian ADRs ended mostly higher on Wednesday. HDFC Bank added 1.23 percent and Dr Reddy's Laboratories gained 1.07 percent.
F&O cues: Nifty 10600 Put added 4.8 lakh shares in Open Interest and Nifty 10700 Call shed 4.5 lakh shares in Open Interest.
Adani Ports | Bharti Airtel | DB Corp, IDBi Bank, Mindtree, are stocks which are in news today.
JM Financial is bullish on Prataap Snacks has recommended buy rating on the stock with a target price of Rs 1390 in its research report dated January 17, 2018.
Emkay Global is bullish on NBCC has recommended buy rating on the stock with a target price of Rs 318 in its research report dated January 17, 2018.
Motilal Oswal is bullish on Capital First has recommended buy rating on the stock with a target price of Rs 960 in its research report dated January 15, 2018.
Axis Direct is bullish on IndusInd Bank has recommended buy rating on the stock with a target price of Rs 2060 in its research report dated January 17, 2018.
Axis Direct is bullish on Tata Consultancy Services has recommended buy rating on the stock with a target price of Rs 3075 in its research report dated January 17, 2018.