NFOs being launched by AMCs just to complete their basket of product offerings as per SEBI’s directive on classification and categorisation of mutual funds are best avoided.
"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.
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.
Investec feels the visibility on return on assets (RoA) improvement is high on a 2-year timeframe.
"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.
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.
Deutsche Bank has maintained buy rating on Ceat but cut the price target to Rs 1,800 from Rs 1,950.
Analysts said a Chinese approval would be significant as it would remove the last major barrier to the NXP deal, which is seen as key for Qualcomm to diversify its business and make a push into new areas like smart cars
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.
The brokerage house has a hold rating on DLF, while it has a buy call on Godrej Properties and Oberoi Realty.
The global investment bank is betting on cross currency movements being favourable for the company so far.
Brokerage house bets on the companies on the back of good track record of execution scale-up.
According to Angel Commodities, NCDEX Jul Soybean jumps more than 1% on Thursday on anticipation of higher domestic crushing of soybean after government increase customs duty on crude as well as refine soy oil rose by 35% and 45% respectively.
According to Angel Broking, EURUSD depreciated by 1.88 percent while EURINR appreciated by 1.02 percent during the same time frame.
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
The RPG-controlled company is enhancing capacity of passenger car radials, two-wheeler and off-highway tyres
The inspection by USFDA was carried out at formulation facility during the period from March 12 to March 20, 2018.
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.
The case had been closely watched as setting a benchmark for other big corporate mergers, especially in the media and communications sector.
The breadth of the market favoured advances, with 910 stocks advancing, 681 declining and 458 remaining unchanged. On BSE, 1093 stocks advanced, 832 declined and 106 remained unchanged.
The Suboxone brand had US sales of around $1.86 billion for the 12 months ended April 2018, according to IQVIA.
CLSA sees large scale-up potential in residential & office business and likes company's platform-led strategy to growth.
As per provisions of the Income Tax Act, Puri's salary for FY18 was Rs 7.26 crore, as against the Rs 8.12 crore he was paid in 2016-17
Motilal Oswal anticipates the IT bellwether to announce a buyback of around Rs 20,000 crore, at Rs 2,000 per share
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.