BUSINESS
Buy Intellect Design Arena, target Rs 300: Ashish Chaturmohta
The stock can be bought at current level and on dips towards Rs 246 with a stop loss below Rs 237 and a target of Rs 300 levels, says Ashish Chaturmohta of Sanctum Wealth Management.
BUSINESS
Buy Axis Bank, target Rs 750: Ashish Chaturmohta
The stock can be bought at current level and on dips towards Rs 615 with a stop loss below Rs 580 and a target of Rs 750 levels, says Ashish Chaturmohta of Sanctum Wealth Management.
BUSINESS
Centre may launch crypto tokens for financial transactions: Report
Unlike cryptocurrencies, a crypto token does not impact the country's monetary policy as one will have to pay physical money to buy a token
BUSINESS
Phase 3 of UDAN scheme likely to begin next month: Report
The regional air connectivity scheme will aim to connect popular temple regions in this phase, which include Hampi in Karnataka, Mahabodhi temple in Bihar, Ajanta and Ellora in Aurangabad.
BUSINESS
Liberty Shoes rises 5% as Q1 profit more than doubles to Rs 2.26 crore
The company’s net profit for the June quarter more than doubled to Rs 2.26 crore against Rs 1.07 crore reported for the same quarter of last year.
BUSINESS
US sanctions on Iran: Indian macros may face collateral damage
For the equity market, the nature of sanctions on oil exports from Iran will be the biggest short-term variable
BUSINESS
Adani Green Energy rises 5% as Co acquires 100% of Adani Renewable Energy
The meeting of the board of directors of the company will be held on August 11, 2018 to consider and approve the unaudited financial results for the quarter ended June 30, 2018.
WORLD
Facebook now bans content that endangers people financially
Facebook further cleared its stance on fake news saying that "whether or not a Facebook post is accurate is not itself a reason to block it." Therefore instead of blocking content for being untrue, Facebook demotes posts that are flagged by fact checkers in News Feed.
BUSINESS
Eicher Motors up nearly 4% on strong Q1 nos; Macquarie maintains outperform with target Rs 37,000
The company’s consolidated revenue grew by 14.35 percent to Rs 2,534 crore during the quarter as compared to Rs 2,216 crore.
BUSINESS
Looking for momentum picks? Top 5 stocks that could return 14-20% in 1-2 months
“If the Nifty holds above 11,425, it is likely to rally towards 11,580-11,660 levels,” says Ashish Chaturmohta of Sanctum Wealth Management
BUSINESS
SBI falls 2% ahead of Q1 results; analysts peg Q1 loss at Rs 30 crore
Though a loss, it will be substantially lower than the net loss of Rs 7,718 crore reported in the fourth quarter ending March 2018. In the June quarter last year, SBI had reported a net profit of Rs 2,005.5 crore.
BUSINESS
Indian rupee opens at 68.83 per dollar; down 15 paise
Utilise downsides in the pair to initiate long positions, says ICICIdirect.
BUSINESS
Top buy & sell ideas by Ashwani Gujral, Prakash Gaba, Rahul Mohindar for short term
Rahul Mohindar of viratechindia.com recommends buying Indraprastha Gas with stop loss of Rs 290 and target of Rs 325 and Yes Bank with stop loss at Rs 370 and target of Rs 403.
BUSINESS
Markets@Moneycontrol: Nifty likely to open flat; 3 stocks which could give 8-10% return
Trends on SGX Nifty indicate a flat opening for the broader index in India, a fall of 2.5 points or 0.02 percent. Nifty futures were trading around 11,485-level on the Singaporean Exchange.
BUSINESS
Buy Infibeam Incorporation, target Rs 211: Hadrien Mendonca
We expect, Infibeam to rally towards its potential target of Rs 211 in the medium-term, says Hadrien Mendonca of IIFL.
BUSINESS
Buy ACC, target Rs 1709: Hadrien Mendonca
Every long position should be protected with a stop loss around Rs 1508 on the weekly closing basis, says Hadrien Mendonca of IIFL.
BUSINESS
Buy Kansai Nerolac, target Rs 561: Hadrien Mendonca
We expect this momentum to extend further and see the stock to rally towards its potential target of Rs 561 in medium-term, says Hadrien Mendonca of IIFL.
BUSINESS
Stocks in the news: SBI, Eicher Motors, Vedanta, IDBI Bank, Adani Green, Jet Airways
SBI | Eicher Motors | Vedanta | IDBI Bank | Adani Green | Jet Airways and Manappuram Finance are stocks, which are in news today.
BUSINESS
Buy or sell: Top stock trading ideas by market experts which are good short term bets
Rajesh Agarwal of AUM Capital recommends buying Jindal Steel & Power with a stop loss at Rs 213 and target of Rs 223, Capital First with stop loss at Rs 568 and target of Rs 594 and United Breweries with stop loss at Rs 1175 and target of Rs 1230.
BUSINESS
A morning walk down Dalal Street | Stay cautious, use dips to buy as long as Nifty holds 11,435
Analysts expect Midcaps and Small caps to continue to do well during the fag end of the earning season. Investors are advised to stay cautious and use dips to buy on declines as long as Nifty holds above 11,435 levels.
POLITICS
Podcast | Editor’s pick of the day - Maratha protests redux
Protesters demanded a written undertaking from the CM and the Chief Secretary that the quota will be implemented by November-end.
INDIA
IIT Council proposes scrapping of JEE 'advanced' section of entrance exams: Report
The report further stated that in a bid to take IIT-level teaching to more students, a proposal was made to allow only certain semesters of teaching to as many as 80,000 students, as against the current 10,000 plus students.
INDIA
Arms license: Punjab govt exempts ex-servicemen and senior citizens from dope test
This test was made mandatory by the central government two years ago for all the arms license seeks. However, the Punjab government implemented it only six months ago
INDIA
World's brightest diamonds to be manufactured in Surat
Dharmanandan Diamonds Pvt Ltd has entered into an agreement with Canadian diamantaire, Mike Botha to manufacture these diamonds, named after the brightest star - Sirius.
