BUSINESS
Buy NOCIL, target Rs 240: Soumen Chatterjee
NOCIL has a healthy balance sheet with a debt-to-equity ratio of around 0.20 times. It is trading around 16 times its trailing earnings. Our target price on the stock is Rs 240 per share, says Soumen Chatterjee of Guiness Securities.
BUSINESS
Accumulate Ashok Leyland, target Rs 183: Soumen Chatterjee
We maintain our accumulate rating with a price target of Rs 183 per share, says Soumen Chatterjee of Guiness Securities.
BUSINESS
Accumulate JSW Steel, target Rs 435: Soumen Chatterjee
We maintain our accumulate rating with a target price of Rs 435 per share, says Soumen Chatterjee of Guiness Securities.
BUSINESS
Buy Jamna Auto Industries: Soumen Chatterjee
The company maintains its industry leading return on equity of 30 percent and modest debt/EBITDA of 0.3 times, says Soumen Chatterjee of Guiness Securities.
BUSINESS
Odisha consumers annoyed with shortage of LED bulbs under UJALA scheme
The consumers have also complained about how the products were sold in an unsystematic manner and without authentic bills.
BUSINESS
IL&FS' Vibhav Kapoor is betting on these 5 sectors, should you?
Kapoor said the basic texture of state-run banks has to change in terms of management and decision making.
BUSINESS
Air India pilots 'very stressed' due to unpaid flying allowances in May
Some banks have recalled Rs 1,000-crore loan that the carrier requires to pay its employees.
BUSINESS
IBM takes Artificial Intelligence to next level; system can now debate with humans
The AI system called 'Project Debater' does not completely work on keywords and search related documents. It is capable of finding a deeper understanding
BUSINESS
Investec sounds caution on cements based on demand issues, margin risks
Even with demand for affordable housing, it is insufficient to match supply, it said.
INDIA
Carrying a plastic bag in Mumbai? Come June 23, BMC squad may note down your Aadhaar number
Plastic ban in Maharashtra comes into effect from June 23. Here's all you need to know
CURRENT-AFFAIRS-TRENDS
Karnataka man celebrates marriage by taking his bride for a ride on a JCB!
Chethan was thrilled and said that he wanted his wedding to be memorable and special
POLITICS
Cops, journalists getting killed in J&K because of Mehbooba Mufti's soft approach: BJP's Ram Madhav
Hours after imposition of Governor’s Rule in J&K, Ram Madhav said the decision to end the alliance was not “opportunistic”
BUSINESS
Oppo Find X with sliding camera launched; features 6.4-inch all-display screen, 8GB RAM
Oppo Find X sports 6.4-inch display with a screen-to-body ratio of 93.8 percent, which is the highest ever achieved on a smartphone
BUSINESS
Macquarie bets on normal monsoon, pay panel recommendations to boost auto sector
Having said that, it also observed that auto stocks are trading at a premium to historical valuations.
BUSINESS
BSNL plans to roll out 5G network in India along with its global launch
BSNL Chief General Manager Anil Jain said that BSNL doesn't want to miss the 5G bus along with others, as they adopted 3G and 4G after many delays.
CURRENT-AFFAIRS-TRENDS
Omar Abdullah slams trolls sending hate tweets to Airtel user who sought a ‘Hindu representative’
Former CM of Jammu and Kashmir tweeted, ‘Those of you flooding her timeline with hate & abuse are as bad, if not worse, than her. If you can’t occupy the high ground it’s best to exit the ground altogether.’
POLITICS
AAP in trouble over its leader's secession demand for Punjab
AAP MLA and leader of opposition Sukhpal Singh Khaira's statement drew criticism from several political parties, including Congress, BJP and Shiromani Akali Dal (SAD)
BUSINESS
Biscuit maker Anmol Industries files Rs 750cr IPO paper with SEBI
Anmol Industries is a branded packaged food company focused on biscuits and cakes under flagship brand 'Anmol'.
BUSINESS
ICICI Bank remains preferred pick; see earnings improvement ahead: UBS
Global investment bank bets on management rejig and reduced watch list to boost investor sentiment ahead.
BUSINESS
Credit Suisse upgrades Bajaj Auto to Outperform, sees 18% upside on increased EPS
Bajaj Auto looks relatively better amongst 2-wheelers, the global brokerage firm feels.
BUSINESS
Sell Lupin, target Rs 855: Mustafa Nadeem
A reversal pattern is also seen on the daily chart indicating a resumption in the downside momentum which may drag the stock towards Rs 855, says Mustafa Nadeem of Epic Research.
BUSINESS
Buy Motherson Sumi Systems, target Rs 340: Mustafa Nadeem
A bullish formation at such support gives an opportunity for investors to ride the bullish trend for a target of Rs 340, says Mustafa Nadeem of Epic Research.
BUSINESS
IIFL maintains buy on Motherson Sumi, expects significant ramp-up from new plants
The significant growth and margin improvement at SMP will be key driver, says IIFL.
BUSINESS
BHEL gains 1.5% after Nomura upgrades as stock seems to have bottomed out
BHEL might witness modest growth & profitability recovery, the global research house said, adding its executable order book has improved.
