The research house said aluminium business is most important for incremental profits. Global supply-demand and surging raw material prices bodes well for aluminium, it added.
Watch CNBC-TV18's analysts give a 360 degree round up on specific stocks and sectors.
The arbitration tribunal has rejected GAIL's claim of Rs 357 crore against the company.
48 stocks hit new 52-week high on NSE including HDFC Bank, Maruti Suzuki, Century Ply, Mahindra & Mahindra, Shriram Transport and Relaxo Footwears.
The research house also raised earnings per share estimates by 3-5 percent.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today -- HDFC Bank, HDFC, Indian Terrain, Linc Pens, VIP Clothing, Donear Industries, and a whole lot of PSU banks.
The board will also consider a preferential issue to Housing Development Finance Corporation, the promoter of the bank.
The midcap index was up 1.1 percent led by Apollo Tyres, GMR Infra, India Cements, Jain Irrigation, JSW Energy, L&T Finance, Sun TV and Voltas while Bank Nifty was also up over 1 percent led by HDFC Bank and Yes Bank.
The market breadth was in favour of the advances on Friday morning with 1350 stocks advancing as against 226 declines. On the other hand, 1546 stocks advanced and 337 stocks declined on the BSE.
HDFC Bank | Astrazeneca Pharma | Mahindra and Mahindra | Godrej Industries | Unitech | Gulf Oil Lubricants | Donear Industries | Indian Terrain | Wim Plast | Linc Pens and VIP Clothing are stocks, which are in the news today.
Tydemy is indicated for use by women to prevent pregnancy and to raise folate levels in women who choose to use an oral contraceptive for contraception.
Nifty Bank was up 0.15 percent led by PNB, Canara Bank and Axis Bank while CNX Pharma was the outperforming sector led by Dr Reddy's Labs and Cipla.
Ventura expects revenue, operating income and net profit of the company to grow at a compounded rate of 11 percent, 53 percent and 173 percent, respectively, by March 2020.
Oberoi Realty is a Mumbai-focused premium real estate developer, with presence in the residential, commercial and hospitality segments. The sharp focus on delivery of quality products has helped the company create a strong brand over the past 20 years.
The most active Nifty stocks were Tata Communications which was up 2.7 percent while TCS, Maruti, Reliance Industries and M&M were the other active stocks. The top losers were TCS which fell 2.8 percent while UPL, Bajaj Finance, GAIL India and Wipro were the other losers.
Research and broking firm IDFC Securities has reiterated an underperform rating on Tata Communications with a target of Rs 655 per share. However, the house feels that approval for demerger of surplus land is a positive for the company adding that the stock price is already reflecting value unlocking from the listing of de-merged entity.
The market breadth was in favour of the declines on Thursday morning with 710 stocks advancing as against 823 declines. On the other hand, 950 stocks advanced and 939 stocks declined on the BSE.
Reserve Bank of India (RBI) has increased the FII investment limit in the company to 49 percent from earlier 24 percent.
The firm sees USD 7.7 billion worst-case value leakage assuming HPCL’s acquisition is at 80 percent premium.
Shemaroo Entertainment has registered 26 percent rise in Q2 net profit at Rs 18.8 crore and revenue increased 18 percent at Rs 134.3 crore.
Societe Generale bought 15,00,228 shares of Shriram Transport Finance Corporation at Rs 1,362.50.
Pramod Chand Mahnot sold 7,00,000 shares of V2 Retail.
Tata Steel | Maruti Suzuki | Mahindra and Mahindra | MEP Infra | InterGlobe Aviation | Manpasand Beverages | Corporation Bank | Ruchi Soya | REC | Tata Communications | Everest Kanto | Shemaroo Entertainment and Prataap Snacks are stocks, which are in the news today.
The research house reduced its FY18/19/20 EPS estimates by 6.3 percent/12.7 percent/12.4 percent.
The shareholding in the joint venture company will be in the ratio of 50:50, with three directors nomination by each partner.