BUSINESS
Income tax authorities to examine Walmart-Flipkart deal: Report
Walmart earlier this month announced that it would purchase a 77 percent stake in Flipkart for USD 16 billion
BUSINESS
Endurance Technologies likely to test Rs 1,480: Siddharth Sedani
On valuation front, currently, the stock is trading at PE of 30.8x its FY19E EPS & 26.4x its FY20E EPS. We have a target of Rs 1480 per share.
BUSINESS
Yes Bank likely to test Rs 407: Siddharth Sedani
With 18.4 percent capital adequacy (tier-1 13.2 percent), the bank is well capitalised for 30 percent loan growth over FY’19-20. Our April 2019 target of Rs 407 is based on the two-stage dividend discount model.
BUSINESS
Buy Rallis India, target Rs 240: Achin Goel
Traders can accumulate the stock in the range of Rs 208-211 for the target of Rs 240 and a stop loss below Rs 197.
BUSINESS
Atlanta hits 52-week low, locked at 20% lower circuit on statutory auditor resignation
There were pending sell orders of 110,352 shares, with no buyers available.
BUSINESS
Buy Tata Coffee, target Rs 132: Achin Goel
Traders can accumulate the stock in the range of Rs 112-116 for the target of Rs 132 and a stop loss below Rs 108.
BUSINESS
In a first, Madhya Pradesh University allows MBBS students to write exams in Hinglish
The facility will be given in oral and practical exam as well.
BUSINESS
Accumulate DCB Bank, target Rs 207: Achin Goel
Traders can accumulate the stock in the range of Rs 182-186 for the target of Rs 207 and a stop loss below Rs 174.
BUSINESS
Buy Reliance Capital, target Rs 480: Achin Goel
Traders can accumulate the stock in the range of Rs 420-426 for the target of Rs 480 and a stop loss below Rs 399 can be kept for all long positions.
BUSINESS
Accumulate ABB, target Rs 1,370: Achin Goel
Traders can accumulate the stock in the range of Rs 1,230-1,240 for the target of Rs 1,370 and a stop loss can be placed below Rs 1,182.
BUSINESS
Mutual funds invested 7.37% of equity AUM only in IT sector in April
According to mutual fund managers, fund houses are augmenting stake in the IT sector amid depreciating rupee and market volatility
BUSINESS
It's a redux as Tatas' Venkataraman says AirAsia probe rooted in Cyrus Mistry’s 'baseless charges'
Venkataramanan is responsible for management and oversight of all the Tata Trusts, Sir Dorabji Tata Trust being the largest of these
BUSINESS
Reduced rate of child marriages brings India to 113 rank from 116 on childhood index
India jumped three positions up from 116 last year with improvement in India’s overall score by 14 points.
BUSINESS
Honor 7C on sale for first time today, priced at Rs 9,999; here's where you can buy the phone
The phone will be available in two variants – 3GB RAM/32GB storage and 4GB RAM/64GB storage and is priced at Rs 9,999 and 11,999 respectively.
BUSINESS
Jamna Auto Industries up nearly 3% as company signs agreement with Tinsley Bridge
The company has entered into a technology transfer and technical assistance agreement with Tinsley Bridge (TBL), UK for transfer of TBL's extralite spring technology and special steel technology to the company.
BUSINESS
Buy Prabhat Dairy, target Rs 230: Jayant Manglik
We expect the company's net revenue and PAT to grow by 13.5 percent and 18.6 percent CAGR over FY18-FY20E.
BUSINESS
Buy Supreme Industries, target Rs 1,473: Jayant Manglik
We expect the company to be a beneficiary of good monsoon as it would drive the consumer spending and also expect the company's consolidated revenue to grow by 14 percent CAGR over the next 2-3 years.
BUSINESS
Dowry Calculator: Leaders across parties slam website, owner says it's a satire
The website takes into account the details like groom’s age, caste, profession, salary, the university he attended, his skin colour and height to calculate the expected dowry amount
BUSINESS
Buy Nilkamal, target Rs 2,231: Jayant Manglik
We estimate Nilkamal's consolidated revenue and PAT to grow by 10 percent & 19 percent CAGR over FY18-20E.
BUSINESS
Coal India gains 5% as Jefferies, CLSA raise target price up to Rs 363/share
Jefferies has maintained buy rating on Coal India and raised target price to Rs 363 from Rs 350 per share.
BUSINESS
Buy Symphony, target Rs 1965: Jayant Manglik
We remain positive on the company considering its market leadership, cash rich and debt free status, superior return ratios and high dividend payouts.
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.
