BUSINESS
It’s a stock picker’s market till elections; 8 stocks & sectors Nepean Capital is talking about
Speaking on the correction in midcap space, Gautam Trivedi sees the fall as an opportunity to pick value stocks.
BUSINESS
Deutsche Bank maintains buy on Axis Bank; valuations are at lower than past 5-yr average
The company's valuations are at lower than the past 5-year average, says Deutsche Bank.
BUSINESS
Buy Lupin, target Rs 1000: Ashish Chaturmohta
The stock can be bought at current level and on dips to Rs 905 with a stop loss below Rs 880 and target of Rs 1,000 levels., says Ashish Chaturmohta of Sanctum Wealth Management.
BUSINESS
Buy RBL Bank, target Rs 620: Ashish Chaturmohta
The stock can be bought at current level and on dips to Rs 552 with a stop loss below Rs 535 for target of Rs 620 levels, says Ashish Chaturmohta of Sanctum Wealth Management.
BUSINESS
Buy Hindustan Unilever, target Rs 1750: Ashish Chaturmohta
The stock can be bought at current level and on dips to Rs 1,605 with a stop loss below Rs 1,575 for a target of Rs 1,750 levels, says Ashish Chaturmohta of Sanctum Wealth Management.
BUSINESS
Future Enterprises stock corrects after rising 4% as Generali ups stake insurance firms
Generali Group has signed an agreement with Future Group to increase its stake in its Insurance ventures in India to 49 percent from 25.5 percent.
POLITICS
Arun Shourie calls surgical strike against Pakistan as 'farzical' strike
He clarified that he used the word “farzical” for the government, adding that there has been no improvement in the ground situation even after the surgical strike
BUSINESS
Jefferies maintains buy on Shoppers Stop; Co sees 100bps improvement in margins in FY19, FY20
Company management has maintained guidance of 100bps improvement in margins in FY19 and FY20 each.
INDIA
GST discounts for digital payments hit roadblock as states fail to find common ground
"There are divergent views. Many states feel it is discrimination against those who are not using digital means," a person familiar with the development said
BUSINESS
Xiaomi’s Mi 8 breaks OnePlus 6 record, sells 1 million units in just 18 days
The development comes on the heels of OnePlus selling a million units of its latest flagship launch, OnePlus 6, in 22 days
INDIA
Govt plans major GST overhaul after identifying 180 issues: Report
The panel has suggested several tweaks, including single registration for a taxpayer across India, change in definition of 'supply' under Section 7 of CGST Act
BUSINESS
Bata, Liberty Shoes, Superhouse, Relaxo Footwears to get astrological support: Satish Gupta
Bata India, Liberty Shoes, Superhouse and Relaxo Footwears will get astrological support, says Satish Gupta of astrostocktips.
BUSINESS
Info Edge rallies 6% as Co through SPV buys stake in Etechaces that owns PolicyBazaar
Morgan Stanley has maintained its Overweight call on Info Edge after this deal and expects the stock to go up by 62 percent.
BUSINESS
Electoral bonds find few takers, only 905 bonds worth Rs 440cr bought since launch
A total of 445 bonds amounting to Rs 222 crore were issued in the first tranche in March this year
INDIA
Indian Railways set to issue largest order for 22,000 wagons: Report
The order could cost at least Rs 7,000 crore. The railways ministry hopes the bulk order will lower cost of the wagons by 15-20 percent
BUSINESS
Voltas falls 4% on reports of Tata Sons looking to divest 9% stake in co
According to CNBC-TV18, the Group is looking to sell up to 9 percent stake in the company and may look at an offer for sale (OFS) option for the same. The said divestment could take place in more than one tranche.
INDIA
Security stepped up for Amarnath Yatra after reports of infiltration from PoK
“There is a higher level of threat perception to Amarnath Yatra this year. There are terror groups working alone as well as terror groups like Lashkar, Hizb and Jaish. Security forces are working hard to fend off any attacks,” said CRPF IG Ravideep Sahi
BUSINESS
Tata Elxsi stock hits fresh high on buzz co may launch driverless car prototype solution
According to The Hindu BusinessLine, the firm could be first to come up with a driverless car prototype solution in the next 6-8 months. The solution is likely to be implemented by one of the top five auto-makers, Nitin Pai, Senior Vice President told the newspaper.
INDIA
Kolkata man calls Flipkart helpline number, ends up with an offer to join BJP
“The BJP number is on the website, on Facebook. Anyone can share it. That's not our responsibility,” said BJP bengal unit chief Dilip Ghosh, while denying any connection with the e-commerce website
BUSINESS
Avanti Feeds surges 17% post ex-bonus, sub-division of shares
The company has fixed June 27 as the record date for the purpose of ex-bonus and ex-split.
CURRENT-AFFAIRS-TRENDS
Kerala: Fight to reclaim an god-elephant's ‘tribal identity’
Peelandi was caged for a year and was in training to become more disciplined as he would to be turned into a kumki elephant, used by the forest department in India to trap wild elephants
WORLD
Malaysian mosque bans tourists after women visitors' dance video goes viral
City Mosque Chairman Datuk Jamal Sakaran said despite the fact that tourists were briefed about the do’s and dont's at the mosque, such an act is ‘regrettable’
INDIA
Three men die in Bihar after consuming 'spirit' meant for medical purposes
As per reports, families of the deceased have denied that the trio used to consume alcohol
BUSINESS
PNB Housing falls 3.5% after co clarifies of no negotiations with HDFC, Kotak to sell stake
The share had rallied on Monday, around 15 percent, on the back of media reports that the bank’s controlling stake was up for grabs.
