BUSINESS
Buy Vedanta with a target Rs 219, says Sameet Chavan
It offers a low-risk trade and thus, we recommend for a near-term target of Rs.219. However, the stop loss of Rs.198 should be followed on a closing basis.
BUSINESS
UPL Q1 PAT seen up 11.7% YoY to Rs. 549.4 cr: KR Choksey
Net Sales are expected to increase by 10.3 percent Y-o-Y (down 27.9 percent Q-o-Q) to Rs. 4,105.8 crore, according to KR Choksey.
POLITICS
Key takeaways from Rahul Gandhi's first CWC meeting as Congress president
It was declared at the meeting that Rahul Gandhi will be the face of the United Opposition and the Lok Sabha elections will be fought under his “stewardship”
BUSINESS
Buy Cholamandalam Finance with a target of Rs 1595: Mazhar Mohammad
Positional traders should buy now and on declines between Rs 1,495 - 1490 for a target of Rs 1,595.
BUSINESS
Buy SBI, target Rs 281, says Mazhar Mohammad
Positional traders shall buy into this counter with a target of Rs 281 and a stop placed below Rs 254 on a closing basis.
BUSINESS
Five reasons why you should file ITR on your own
The July 31 deadline to file income tax returns is fast approaching. To ease down the process and reduce the complexity in filing returns, the tax department has introduced several new features. Here are five reasons why you should not hesitate to file ITR on your own
BUSINESS
Sell IndoStar Capital Finance, target Rs 421: Dinesh Rohira
We have a sell recommendation for IndoStar Capital which is currently trading at Rs. 447.55.
BUSINESS
A look at India's relationship with African nations as PM Modi begins 5-day tour
During the visit, PM Modi will attend the 10th edition of the BRICS Summit in Johannesburg
BUSINESS
NPCI bans money transfers within same account to curb fake transactions for cashback
From August 1, money transfer within same account or UPI ID — where the payer and the payee account are actually the same — will be blocked by NPCI
BUSINESS
Buy Indraprastha Gas with a target of Rs 298: Dinesh Rohira
The weekly RSI trend registered an upward momentum at 62 suggesting a buying regime along with MACD trading on a bullish momentum.
BUSINESS
Buy Sterlite Technologies with a target of Rs 364: Dinesh Rohira
We have a buy recommendation for Sterlite Technologies which is currently trading at Rs. 330.85.
WORLD
Trump warns Iranian Prez Rouhani to ‘never threaten’ the US again
This comes after Hassan Rouhani warned the US of a possible war if Trump continued to hamper Iran’s oil exports
BUSINESS
Under the scanner, AirAsia is scrambling to find a CEO
Reportedly, the company had approached JetBlue executive Eash Sundaram, but he didn’t accept the offer.
BUSINESS
'Correction in Nifty seems more or less done, growth in 2-wheeler space to taper off'
Manish Gunwani, Chief Investment Officer - Equity, Reliance Mutual Fund, said the GST rate cut is a political imperative to revive growth
WORLD
Google, Facebook, Microsoft and Twitter collaborate to make data download and transfer easier for users
The project aimed at creating new tools that will "enable people to freely move their information across the web."
BUSINESS
Nifty to remain volatile ahead of July expiry; 3 midcaps that could return 6-10%
The Nifty took a breather for three out of five sessions and slipped below 10,950 levels on a closing basis. It made a strong rebound to trade above the psychological level of 11,000, led by buying in IT and pharma companies
TRENDS
I am German when we win but an immigrant when we lose: Mesut Ozil blasts DFB president as he retires
In the three-part statement, Ozil described the unfair treatment handed to him by German Football Federation (DFB) president Reinhard Grindel, calling him out on his "incompetence" and for turning his meeting with president Erdogan into "political propaganda"
BUSINESS
Jefferies downgrades Kotak Mahindra Bank to Underperform, cuts target price
The research house cut its FY19 EPS estimate by 5.7 percent on possible margin compression, but largely retained FY20 & FY21 estimates intact at this point, after June quarter earnings.
BUSINESS
Wipro trades near 52-week low post Q1 show; brokerages see up to 16% upside
Wipro hit an intraday low of Rs 263.35 in the first 15 minutes of trade which is close to its 52-week low of Rs 253.50.
BUSINESS
South Indian Bank’s shares plunge 18% after Q1 profit declines 77%
The Kerala-based South Indian Bank declared a net profit of Rs 23.04 crores for the first quarter of the financial year 2018-19 as against Rs 101.47 crore during the corresponding period last year.
BUSINESS
D-street Buzz: Consumer durable stocks gain post GST rate cut; FMCG gains 2%, IT stocks down
Share including Blue Star, Voltas, Bajaj Electricals, Symphony, Whirlpool, Havells, Kansai Neroloc, Asian Paints and Berger Paints were trading higher with 5-8 percent gain.
INDIA
All-India truckers strike losses pegged at Rs 10,000 crore in 3 days
In Maharashtra alone losses due to the strike was pegged at Rs 2,000 crore as lakhs of trucks did not hit the roads.
BUSINESS
If rupee breaches 69.52/$, it could head towards 73 levels; stay safe with these 3 Nifty plays
Amit Shah, Senior Analyst, Technical Research at Indiabulls Venture, expects the Nifty to head towards 11,400 on the upside
BUSINESS
GST rate cut impact: Consumer durable stocks soar 5-8% post tax-related announcements
The Council has also decided to fully exempt sanitary napkins from GST, from the existing 12 percent.
