BUSINESS
Sell United Spirits, target Rs 534: Vinay Rajani
We recommend selling United Spirits for the downside target of Rs 534, keeping stop loss at Rs 600, says Vinay Rajani of HDFC Securities.
BUSINESS
TCNS Clothing IPO to open on July 18; 10 key things you should know before investing
TCNS Clothing intends to raise Rs 1,121.98 crore at lower end of price band and Rs 1,125.13 crore at higher end of price band.
BUSINESS
Sell Raymond, target Rs 760: Vinay Rajani
We recommend selling Raymond for the downside target of Rs 760, keeping stop loss at Rs 875, says Vinay Rajani of HDFC Securities.
BUSINESS
Buy Reliance Industries, target Rs 1140: Vinay Rajani
We recommend buying Reliance for the upside target of Rs 1140, keeping stop loss at Rs 1040, says Vinay Rajani of HDFC Securities.
BUSINESS
IDBI Bank stock climbs 6% after reports of LIC planning open offer after stake buy
Media report said insurance behemoth LIC may go for an open offer for the bank after buying 51 percent stake in it.
BUSINESS
Ashok Leyland shares gain 6% after better-than-expected earnings growth in Q1
Realisations were stable despite higher discounts and raw material costs.
BUSINESS
Closing Bell: Last hour buying pushes Sensex almost 200 pts higher, Nifty above 11,000
Midcaps witnessed a very strong day of trade, outperforming the benchmarks and ended 2.5 percent higher. Investors placed big bets on financials, particularly PSU banks, as well as pharmaceuticals, metals as well as energy names
BUSINESS
IDFC Securities maintains outperform on GAIL, raises target to Rs 434
The broking house expect Q1FY19 to see stellar performance. GST inclusion and aggressive bidding in the CGD auction are positive triggers.
BUSINESS
Federal Bank stock jumps over 13% after better Q1 earnings growth on lower provisions
Provisions for bad loans were lower by 46.4 percent quarter-on-quarter and 15.77 percent year-on-year to Rs 199.1 crore for the quarter ended June.
BUSINESS
Walmart, Microsoft sign global five-year cloud services agreement
As part of the partnership, the two companies would look at cloud projects that leverage machine learning, artificial intelligence, and data platform solutions for a wide variety of applications
INDIA
100 hate crimes committed in 2018 so far, mostly against Muslims, Dalits: Report
There were as many as 35 incidents reported of women from these groups, or transgender people, facing sexual violence
WORLD
Twitter CEO Jack Dorsey loses 200,000 followers in ‘fake’ followers’ crackdown
The social networking site recently launched a cleanup drive to identify and lock, on account of sudden suspicious changes in activity.
INDIA
Animals are better than such human beings: Kin of techie lynched in Karnataka
Mohammad Azam, a professional working with Accenture, died on the way to hospital after a mob at a village targeted him and his friends on Friday over suspicions of child-lifting
BUSINESS
NCLAT stops Bhushan Power & Steel lenders from voting on Tata Steel bid
The order comes after the operational creditors of Bhushan Power & Steel approached the NCLAT, alleging that they have not been allowed to represent their case at the CoC meeting
BUSINESS
Ashok Leyland Q1 profit surges 232% YoY to Rs 370 crore, beats estimates
Company attributes the profit rise to higher infra spends and tight working capital.
BUSINESS
Nifty must sustain above 11,020 levels to move higher; 3 stocks that can deliver 6-8% return in near term
“The Nifty has to sustain above 11,020 levels, to extend the rally towards 11,395. A breach of 10,900 on a closing basis would be sign of a bearish trend reversal,” says Vinay Rajani of HDFC Securities
BUSINESS
Rallis India Q1 PAT seen up 25.5% YoY to Rs. 56.9 cr: Kotak
Net Sales are expected to increase by 12 percent Y-o-Y (up 33.4 percent Q-o-Q) to Rs. 494.8 crore, according to Kotak.
BUSINESS
Rallis India Q1 PAT may dip 11.5% YoY to Rs. 40.1 cr: ICICI Direct
Net Sales are expected to decrease by 5.4 percent Y-o-Y (up 13.5 percent Q-o-Q) to Rs. 421.3 crore, according to ICICI Direct.
BUSINESS
Federal Bank Q1 net profit up 25%; asset quality remains stable
Asset quality and provisions remained stable.
BUSINESS
Ashok Leyland Q1 PAT seen up 235.2% YoY to Rs. 370 cr: HDFC Securities
Net Sales are expected to increase by 51.4 percent Y-o-Y (down 26.8 percent Q-o-Q) to Rs. 6,420 crore, according to HDFC Securities.
BUSINESS
Ashok Leyland Q1 PAT seen up 227.3% YoY to Rs. 364 cr: ICICI Direct
Net Sales are expected to increase by 53.8 percent Y-o-Y (down 25.7 percent Q-o-Q) to Rs. 6,519.2 crore, according to ICICI Direct.
BUSINESS
OMC, airline stocks soar as crude prices fall for second day
Oil prices fell for a second day on Tuesday as worries about possible disruptions to supply eased and as investors focused on potential damage to global growth from the festering Sino-US trade spat.
BUSINESS
Tata Steel plans to raise around $3.1 billion through overseas loans
Tata Steel has agreed to transfer two-third of its $18 billion debt to the new joint venture with Thyssenkrupp. The company will service the remaining debt with this loan.
INDIA
Why is Home Ministry threatening to withdraw CISF from Delhi IGI airport?
The Delhi International Airport Limited (DIAL) owes over Rs 600 crore to CISF
