BUSINESS
Buy Bajaj Finserv, target Rs 6700: Sameet Chavan
"We recommend buying on a minor dip towards Rs 6,000 for a near-term target of Rs 6,700. Traders can keep their stop loss below Rs 5,715," says Sameet Chavan of Angel Broking.
BUSINESS
Adani Group may acquire Shree Renuka Sugars from Wilmar
Due to the falling domestic sugar prices and the company’s aggressive expansion plans for South America, Shree Renuka Sugars has been reeling under debt.
BUSINESS
Kairana bypoll: Why is it a popularity test for BJP?
The BJP’s campaign in Kairana is led by Yogi Adityanath, who has a lot to prove after BJP's defeat in the March Lok Sabha bypolls
BUSINESS
Oil prices likely to drift lower in near term; bullions to get support from geopolitical tensions
The geopolitical tensions - trade negotiations between the US-China and summit between the US-North Korea should continue to support prices but bullions are likely to weaken if the meetings are reinstated.
BUSINESS
GAIL India advances 4% as Jefferies maintains buy rating with target Rs 400
Jefferies expect FY19 to be stronger, helped by higher crude.
BUSINESS
Mahindra Q4 preview: Tractors, commercial vehicles expected to boost profit
A Reuters poll suggests that the Mumbai-based company is expected to post a stand-alone net profit of Rs 1,037 crore for Q4FY18.
BUSINESS
L&T stock rises 2% ahead of March quarter earnings; wins orders worth Rs 5,704 cr in MP
In the month of May itself, the engineering and construction major, so far, has bagged more than Rs 20,000 crore worth of orders.
BUSINESS
Samsung Galaxy Note 9 may come with a massive 512GB storage, 8GB RAM
Galaxy Note 9 is expected to launch by the end of July and will replace Galaxy S9 -which was launched in March this year
BUSINESS
Sell ITC, target Rs 250: Dinesh Rohira
"The scrip is facing a resistance at Rs 296 levels and support at Rs 244 levels. We have a sell recommendation for ITC with target of Rs 250 which is currently trading at Rs 272.30," says Dinesh Rohira of 5nance.com.
BUSINESS
DB Corp gains 6% on approval of buyback proposal
The board of directors of the company at its meeting held on May 26, 2018 has approved buyback proposal for purchase of not exceeding 92,00,000 fully paid equity shares.
BUSINESS
Buy Just Dial, target Rs 575: Dinesh Rohira
"The scrip has a support at Rs 468 levels and resistance level at Rs 682. We have a buy recommendation for Just Dial with target of Rs 575 which is currently trading at Rs 507.65," says Dinesh Rohira of 5nance.com.
BUSINESS
OxygenOS 5.1.2 for OnePlus 5 and 5T: Security, connectivity issues fixed; new features added
The update, which is 1.6GB in size, will be rolled out incrementally to all devices.
BUSINESS
Dr Reddy's Laboratories up 1% on lawsuit files in US District Court
The company’s wholly-owned subsidiary Promius Pharma LLC has filed a lawsuit for patent infringement in the United States District Court for Eastern District of Texas against Perrigo UK FINCO Limited Partnership, Perrigo Israel Pharmaceuticals and Taro Pharmaceuticals Inc.
BUSINESS
Manpasand Beverages locked in 20% lower circuit after co cancels Board meet, changes auditor
The company on Monday informed the NSE that a Board meeting, scheduled on May 30, 2018, which was supposed to consider results as well as dividend issue, was cancelled.
BUSINESS
Sun Pharma gains 8% post Q4 nos; CLSA, Macquarie upgrades rating
Consolidated EBITDA margin stood at 24.1 percent in Q4FY18.
BUSINESS
Buy Jain Irrigation Systems, target Rs 123: Dinesh Rohira
"The support level for the scrip is currently placed at Rs 84 and resistance level from the upper band is placed at Rs 135. We have a buy recommendation for Jain Irrigation which is currently trading at Rs 103.90," says Dinesh Rohira of 5nance.com.
BUSINESS
Government may stall Tata Tele-Tata Communications deal over Rs 10,000 cr dues: Report
The government, which owns 26 percent in Tata Communications, could block shareholder approval of the deal if Tata Teleservices fails to pay its dues.
BUSINESS
Oil retailers, aviation stocks rally 3-20% after sharp correction in crude prices
Brent and WTI have respectively fallen by 5.5 percent and 7.5 percent from peaks reached earlier in May.
BUSINESS
Adani Enterprises rises 3% on stake sale in subsidiary company
The company has entered into agreement for stake sale on May 25 and received Rs 51000 as consideration from sale.
BUSINESS
Bank of Baroda rises 4% despite weak Q4; global brokerages cut target prices by up to 14%
Global brokerages observed that the bank had a soft quarter, but see profitability increasing ahead. Having said that, they have collectively reduced their target prices on the stock, with a downside of up to 14 percent.
BUSINESS
What should investors do with Tech Mahindra post stellar Q4 results?
Goldman Sachs maintains a buy rating on Tech Mahindra post Q4 results but raised its 12-month target price to Rs 880 from Rs 824 earlier.
BUSINESS
Nifty likely to head higher with critical resistance at 10,700; JSPL good short term bet
On the weekly chart, the Nifty ended nearly flat. It rebounded from the low of 10,418 towards finishing off the week nearer to the high of 10,628 with a Dragonfly Doji.
BUSINESS
Stock market prediction for May 28-June 1: Satish Gupta
According to Satish Gupta of astrostocktips, personal care stocks like HUL, Colgate, Godrej Consumer, Proctor & Gamble and Marico will get astrological support.
BUSINESS
Closing Bell: Sensex up 241 pts, Nifty fails to hold 10,700; IT stocks correct on rupee gain
The rupee traded 42 paise higher at 67.34 against the US dollar.
