REAL-ESTATE
WBHIRA: Deviation from key provisions of RERA may dilute ground-level effectiveness of Act
Experts have cited two major dilutions in key provisions of the RERA in HIRA, which was notified on June 1
BUSINESS
Buy Divi’s Laboratories, target Rs 1210: Aditya Agarwal
"We believe the stock is likely to resume its uptrend and therefore advice traders to buy this stock in a range of Rs 1080 to Rs 1070 with a price target of Rs 1210," says Aditya Agarwal of Way2Wealth Brokers.
BUSINESS
Reliance Nivesh Lakshya Fund, an open-ended debt fund to be launched on June 18
This scheme aims to capture the prevailing long-term yields by investing in 25 to 30 years Government Securities (G-Sec) for attaining long-term goals for investors.
BUSINESS
Investec reiterates Buy on RBL Bank, ups target to Rs 660 on increased profit estimates
Investec feels the visibility on return on assets (RoA) improvement is high on a 2-year timeframe.
BUSINESS
Buy Chennai Petroleum, target Rs 262: Aditya Agarwal
"we recommend traders to go short in a range of Rs 307 to Rs 310 with a price target of Rs 262 and Stop loss placed above Rs 325," says Aditya Agarwal of Way2Wealth Brokers.
INDIA
20 states agree to implement NHPS, 4 abstain
The Odisha government has launched its own health assistance scheme, called Biju Swasthya Kalyan Yojana.
BUSINESS
HDFC available at attractive valuation, can see 20% upside: CLSA
CLSA has maintained Buy call on HDFC with a target price at Rs 2,200 per share, saying the housing finance company is among top picks in the sector.
INDIA
Tourism ministry might not put up Taj Mahal for 'adoption' soon: Report
The 'Adopt a Heritage' initiative was launched by the tourism ministry in September 2017. The plan invites corporates to take over maintenance and operations of monuments.
POLITICS
Shujaat Bukhari and jawan's deaths postpone decision on extending Ramzan ceasefire
The Centre had declared a conditional unilateral ceasefire in Jammu and Kashmir in order to facilitate peace-loving Muslims to observe Ramzan in a peaceful environment
BUSINESS
Avenue Supermarts down nearly 3%; Citi maintains sell with target Rs 1,255
According to Citi, DMart’s e-commerce still miniscule and investments could continue. It has maintained sell call with a target of Rs 1,255.
BUSINESS
UPL gains 3% after Deutsche Bank reiterates buy call with a target of Rs 890
The global investment bank is betting on cross currency movements being favourable for the company so far.
BUSINESS
Deutsche Bank attributes slowdown in realty stocks to new accounting standards
The brokerage house has a hold rating on DLF, while it has a buy call on Godrej Properties and Oberoi Realty.
BUSINESS
Kotak Institutional Equities bets on Sadbhav Eng, Dilip Buildcon
Brokerage house bets on the companies on the back of good track record of execution scale-up.
BUSINESS
Motilal Oswal AMC is betting on these 2 spaces, should you?
Manish Sonthalia of Motilal Oswal AMC cites regulatory approvals as well as reduction in price erosion in the US as reasons for the upmove in pharma stocks
BUSINESS
Alembic Pharma gains 7% on EIR from USFDA for formulation facility at Panelav
The inspection by USFDA was carried out at formulation facility during the period from March 12 to March 20, 2018.
POLITICS
CM Kejriwal’s wife calls LG Baijal 'insecure' after she was refused entry into Raj Niwas
Sunita Kejriwal had gone with Kejriwal’s mother and wives of Deputy CM Manish Sisodia and PWD minister Satyendra Jain to meet the AAP ministers who have been staging a sit-in at the LG’s residence
BUSINESS
Xiaomi Mijia's launches a new gimbal for smartphones in the Chinese market
The new gimbal can fit handsets up to 86 mm wide and 200 g in weight and can supply up to 5V/1.5A power to them from its 5,000 mAh battery.
BUSINESS
Prestige Estates stock rises 5% after CLSA retains Buy, sees 44% upside
CLSA sees large scale-up potential in residential & office business and likes company's platform-led strategy to growth.
BUSINESS
Transcorp Int’l locked in 5% upper circuit ahead of Board meet to consider bonus issue
The company’s Board will be meeting June 21, 2018 for the purpose of allotment of 6356549 Equity shares of the company as bonus shares at par in proportion of 1 (one) such new Equity share for every 4 (four) existing equity share, the company said in a filing to the exchanges.
BUSINESS
Dr Reddy’s Labs gains 3% on US FDA approval to anti-addiction drug
Buprenorphine and naloxone are used to treat adults with opioid addiction.
BUSINESS
Buy or sell: Top stock trading ideas by market experts which are good short term bets
Rajesh Agarwal of AUM Capital recommends buying Hexaware Technologies with stop loss at Rs 441 and target of Rs 459, Adani Enterprises with stop loss at Rs 128 and target of Rs 142 and Punjab National Bank with stop loss at Rs 89 and target of Rs 96.
BUSINESS
Closing Bell: Sensex recovers in late trade to end flat; TCS, Infosys lead
Asian markets are cautiously mixed ahead of expected US tariffs.
BUSINESS
Nervousness persist, Nifty may face resistance at 10,850 levels
“The Nifty ended the session with a Hanging Man candle, which implies that nervousness still persists” says Jaydeb Dey of Stewart & Mackertich Wealth Management
BUSINESS
Podcast | Stock Picks of the Day: 3 buy & sell ideas that could return 11-17%
"10,929 will act as strong resistance and only a weekly close above this level will negate the bearish candle. On the flip side, 10,710 will act as immediate support, followed by 10,620," says Aditya Agarwal of Way2Wealth Brokers.
