HCL Technologies reported a largely in-line set of earnings. The company has maintained guidance on all parameters. Profit and dollar revenue have come in-line with estimates. In an interview with CNBC-TV18, C Vijayakumar, CEO and Anil Chanana, CFO of HCL Technologies spoke about the performance and guidance of the company.
The company is trying to combine forces with companies who have been successful in biosimilars, said Kiran Mazumdar Shaw, CMD, Biocon.
Tejas Networks saw a muted set of earnings in Q3 with no fireworks. Margins improved as cost of materials fell while there was a slight uptick in revenue. In an interview to CNBC-TV18, Sanjay Nayak, MD & CEO of Tejas Networks spoke about the results and his outlook for the company.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Capital First and Sonata Software and can sell Lupin.
In an interview to CNBC-TV18, Krishnakumar Natrajan, Executive Chairman of Mindtree and Sudin Apte, CEO & Research Director at Offshore Insights spoke at length about the latest happenings in IT sector and whether things finally on the mend.
The banking sector has been the center of focus as the government mulls a mega foreign direct investment (FDI) push in the sector, weighs options to allow 100 percent FDI in private banks and 49 percent FDI in public sector undertaking (PSU) banks. In an interview with CNBC-TV18, Suresh Ganapathy, Banking Analyst at Macquarie Capital Securities shared his take on the likely impact.
Goods and Services Tax (GST) rates on diamonds and precious stones have been cut to 0.25 percent from 3 percent. In an interview with CNBC-TV18, Sanjeev Agarwal, CEO of Gitanjali Export Corporation spoke about the latest happenings in his company and sector.
Across all the products, the company is on the lookout for growth, new customers, said Sunil Vachani, Promoter & Chairman, Dixon Technologies.
Chandan Taparia of Motilal Oswal Securities suggests buying Indiabulls Housing Finance and Mahindra and Mahindra and has a negative view on Hindalco Industries.
The Budget 2018 should focus on MSP linkage to become more flexible, link MNREGA subsidy to labour costs and subsidise implements like rotavators, tillers etc., said A Vellayan, CMD, Coromandel International.
The good and services tax (GST) rate on transportation of petroleum, crude and its products has been cut to 12 percent from 18 percent earlier. In an interview to CNBC-TV18, MK Surana, CMD of Hindustan Petroleum Corporation (HPCL) spoke at length about the same.
There is room for more FII money to come in this year. So largecaps could do better as their relative valuations are better too, Mahesh Patil of Aditya Birla Sun Life AMC told CNBC-TV18.
Watch the interview of SP Tulsian of sptulsian.com with Latha Venkatesh, Sonia Shenoy, and Anuj Singhal on CNBC-TV18, in which he shared his outlook on Seshasayee Paper.
Adani Ports, UltraTech Cement, and Bharti Airtel, among others, are being tracked by investors on Friday.
"Bond yields have been volatile off late. He says, the 10-year benchmark yield dropped below 7.40 percent after the govt pared expectation on further borrowing and expects the yield to remain within the 7.45-7.49 percent range today," says Bhaskar Panda of HDFC Bank.
Ashwani Gujral of ashwanigujral.com recommends buying Yes Bank with a stop loss of Rs 335, target of Rs 355 and a sell on National Aluminium Company with a stop loss of Rs 77, target of Rs 70 and Just Dial with a stop loss of Rs 562, target of Rs 540.
Tech Mahindra | Bharti Airtel | ITC | HDFC Bank | HCL Technologies | Kewal Kiran Clothing | Deepak Nitrite | Cyient | Swan Energy | Biocon | Torrent Pharma and Bhushan Steel are stocks, which are in the news today.
Vishvesh Chauhan of Monarch Networth Capital recommends buying Minda Industries with a stoploss at Rs 1250 and target of Rs 1350, a buy on Godrej Consumer with a stoploss at Rs 1006 and target of Rs 1090 and a buy also on GE T&D with a stoploss at Rs 408 and target of Rs 460.
Analysts expect FY18 constant currency revenue growth guidance to be maintained at 10.5-12.5 percent and EBIT margin at 19.5-20.5 percent. FY18 constant currency guidance translates to 12.1-14.1 percent in dollar terms.
Analysts said if loan growth comes above 20 percent, domestic loan growth above 23 percent, net interest margin above 4.2 percent and slippages below Rs 2,500 crore for the quarter then that would be taken positively by the Street.
This could be an excellent time to make money in frontline quality stocks, which are available at a PE multiple of 12 to 20, said SP Tulsian.
Sandeep Wagle of powermywealth.com is of the view that one can sell DCB Bank and buy Mindtree.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Indiabulls Housing Finance, Maruti Suzuki, UPL and Kotak Mahindra Bank and can sell Raymond and KPIT Tech.
Om Metals Infraprojects is in focus after its joint venture (JV) bagged an order worth USD 32 million for rehabilitation and completion of Kpong Left Bank irrigation project. This order has come in from the Ministry of Food and Agriculture of Ghana and will be funded by the World Bank. In an interview with CNBC-TV18, Vikas Kothari, Director and President of Om Metals discussed the details.
Vijay Chopra of enochventures.com is of the view that one may buy Adani Ports on dips.