BUSINESS
Buy Swaraj Engines, target Rs 2,426: Jayant Manglik
We expect SEL’s net revenue and PAT to grow by 15 percent and 16 percent CAGR over FY18-20E, likely to be driven by good monsoon & new launches.
BUSINESS
TCS falls 2% after stock price adjusts for bonus share issue
TCS has fixed record date as June 2 for determining the entitlement of members to receive bonus shares.
BUSINESS
HDFC Bank jumps 4% ahead of opening of FII trading window on June 1; Macquarie sees buying worth $1bn
The SEBI decided to open the window for institutional trading series (6 lakh series) just for a day on June 1, 2018.
POLITICS
JD(S) likely to get finance ministry, Congress may go with home ministry in Karnataka: Report
The cabinet is likely to be sworn in over the weekend, once the Congress high command clears the list of prospective ministers.
BUSINESS
ONGC Q4 review: CLSA, Nomura & Jefferies see 14-38% upside
CLSA raised its 12-month target price to Rs 240 from Rs 225 earlier, which translates in an upside of nearly 38 percent from Wednesday’s close of Rs 173.95.
BUSINESS
Sterlite plant closure may turn India into copper importer: Report
The plant produced 46 percent of India's copper demand. A permanent shut down will squeeze domestic supply for the next two months.
BUSINESS
Nifty may end May series near 10,750 levels; buy Indian Bank for the short term
“Sustained closing above 10,630 is necessary for a recovery to the 10,700 mark,” says Jaydeb Dey, Technical Analyst at Stewart & Mackertich Wealth Management Ltd.
BUSINESS
Punj Lloyd rises nearly 18% as company turns profitable in Q4
Revenue for the quarter ended March 2018 rose 19 percent at Rs 1060 crore against Rs 890 crore in a year ago period.
BUSINESS
Buy or sell: Top stock trading ideas by market experts which are good short term bets
Mitessh Thakkar of mitesshthakkar.com recommends buying Bajaj Finance with a stop loss of Rs 2099 and target of Rs 2160 and Indian Oil Corporation with a stop loss of Rs 166 and target of Rs 180.
BUSINESS
Nifty likely to open higher, gain 45 points: Dynamic Levels
Nifty is opening gap up by 45 points from yesterday's close of 10604.50, currently trading at 10649.50 as per SGX Nifty, says a report by Dynamic Levels.
BUSINESS
Closing Bell: Sensex up 416 pts, Nifty ends above 10,700 on F&O expiry; GDP data eyed
Asian stocks recover after easing of Italian political concerns.
BUSINESS
Indian rupee opens flat at 67.42 per dollar
For the day, rupee is expected to quote in the range of 67.50 and 67.90, says Motilal Oswal.
BUSINESS
Markets@Moneycontrol: Nifty likely to open higher; 3 stocks which could give 17-19% return
Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 25 points or 0.24 percent. Nifty futures were trading around 10,656-level on the Singaporean Exchange.
BUSINESS
Indian ADRs: HDFC Bank gains 8.6%, Infosys up
Indian ADRs ended mostly higher on Wednesday. ICICI Bank was up 1.55 percent and Wipro was down 0.22 percent.
BUSINESS
MSCI may put India, Brazil on notice over investor access
The weights of India and Brazil markets could be capped on MSCI Indexes, said New York-based company.
BUSINESS
News highlights: Govt may re-look at Air India stake sale strategy, says RN Choubey
This blog will keep track of key global and local developments impacting business and markets through the day. Important local and global political developments will also find resonance here.
BUSINESS
Stocks in the news: ICICI Bank, ONGC, UltraTech, Vedanta, Manpasand Beverages, Atlanta
ICICI Bank | Bhushan Steel | UltraTech Cement | Punj Lloyd | EIH | IOB | MTNL | Thomas Cook | Syngene are the stocks which are in news today.
BUSINESS
Baba Ramdev's Patanjali launches Kimbho app to compete with WhatsApp
Yoga guru Baba Ramdev's Patanjali on Wednesday launched a new swadeshi messaging application called Kimbho to compete with WhatsApp
BUSINESS
IRDAI revokes suspension order of RK Live Well's corporate agency licence
The licence had been revoked based on some past observations
CRICKET
Lucky mascot? Karn Sharma only player to win 3 consecutive IPL titles
Karn Sharma has won IPL titles with Sunrisers Hyderabad, Mumbai Indians and Chennai Super Kings
BUSINESS
Royal Enfield appoints Shubhranshu Singh as Global Head of Brand
Royal Enfield has been increasing its focus on international markets, and Singh’s mandate will include overseeing the expansion of the brand in various countries.
BUSINESS
Apollo Hospitals' Q4 net profit rises 23.7% to Rs 59.6 crore, but misses street estimates
A Reuters poll of analysts estimated the net income to be Rs 68 crore for Q4FY18
BUSINESS
Cybercrime more sophisticated, need to develop capacity: EY-FICCI report
32 percent of threats originate from Eastern Europe and Russia and social engineering is the preferred mode of launch for most perpetrators
BUSINESS
Leading ladies: Raazi 3rd female-centric film to enter Rs 100cr club. A look at other such successful ventures
A look at the seven highest-grossing Bollywood women-centric films of all time
