Santanu Chakrabarti, VP Research - Institutional Equities is bullish on Amara Raja.
Institute of Chartered Accountants of India (ICAI) plans to write to State Bank of India (SBI) to seek knowledge about the higher provisioning norms in Q4FY11. They want to know whether provisioning is a one off item or is it a yearly practice.
In an interview with CNBC-TV18, JL Deshmukh, managing director & CEO, Walchandnagar Industries, spoke about the latest happenings in his company.
Buy Ineos ABS, says Sharmila Joshi, Head of Equities, Farewealth Securities.
Buy IFB Industries with target of Rs 120, says Sharmila Joshi, Head of Equities, Farewealth Securities.
Buy Redington with a target of Rs 86, says Sharmila Joshi, Head of Equities, Farewealth Securities.
Patel Engineering has target of Rs 167, says Sharmila Joshi, Head of Equities, Farewealth Securities.
In an interview with CNBC-TV18, Mehrab Irani, Tata Investment Corporation said the Nifty might have already made bottom at 5,177. He is bullish on banking and financial services and infrastructure and engineering capital goods sector, while he is bearish on cement and auto sector.
A Prasanna, Chief Economist, ICICI Securities in an interview with CNBC-TV18 said that the new series indicates that IIP has held up pretty well. He forsees RBI raising interest rates by 25 bps on June 16.
Gulf Oil Corp has intraday target of Rs 94, says Aunali Rupani, Director of Arm Research.
Navneet a top pick, says Aunali Rupani, Director of Arm Research.
Karnataka Bank has target of Rs 127, says Aunali Rupani, Director of Arm Research.
Sajjid Chinoy of JPMorgan and Samiran Chakrabarty, head of research, Standard Chartered Bank gave their views on how they are reading the IIP data and how they see the market reacting to these slower than expected numbers.
While stocks like Amara Raja has already given about 21% returns over last three months and Bajaj Electricals has been a slower performer post October, Santanu Chakrabarti of IIFL maintains a bullish outlook on them.
Central Bank may give 30% return, says Aunali Rupani, Director of Arm Research.
The Cabinet Committee on Economic Affairs (CCEA) is likely to next week consider imposing stringent conditions for giving the nod to mining group Vedanta Resources Plc's USD 9.4 billion takeover of Cairn India.
In an interview with CNBC Awaaz, Nitin Murarka of SMC Global has recommended selling Biocon, HPCL, Reliance Capital and Grasim Industries.
Bharti Airtel has reportedly received investor okay for issuing bonds worth USD 1-1.2 billion, reports CNBC-TV18, quoting sources. The Bharti board will take a final call post shareholder approval. Sources said capital rasied via bond issue will be used to retire part of its debt that accounted for Zain (Africa) acquisition.
Buy IRB Infra with a intraday target of Rs 180, says Rajesh Jain, Independent Market Strategist.
Bajaj Auto has intraday target of Rs 1375, says Rajesh Jain, Independent Market Strategist.
Buy Stride Arcolab with a target of Rs 400, says Rajesh Jain, Independent Market Strategist.
Cummins a good pick from capital good space, says Rajesh Jain, Independent Market Strategist.
Ambani group stocks were bleeding in red. The benchmark index Nifty slipped below 5500 mark on back of heavy selling in Ambani group stocks
Finally Indian equity benchmarks saw the direction on the downside after a consolidation seen since last Friday. The Nifty shed more than 50 points, dragged down by 45 stocks out of 50 due to spike up in dollar index.
Hindustan Construction Company (HCC) touched an intraday high of Rs 34.55 and an intraday low of Rs 32.30. At 13:56 hrs the share was quoting at Rs 34.40, up Rs 1.75, or 5.36%, on the NSE.