Edelweiss is bullish on Welspun India has recommended buy rating on the stock with a target price of Rs 84 in its research report dated May 17, 2018.
Edelweiss is bullish on Voltas has recommended buy rating on the stock with a target price of Rs 685 in its research report dated May 17, 2018.
LTI reported net profit of Rs 289.4 crore for the quarter, a growth of 2.3 percent from the previous quarter.
The board has recommended payment of dividend at 135 percent i.e. Rs 2.70 per equity share of Rs 2 each, for the financial year ended March 31, 2018.
The government may levy a windfall tax on oil producers as part of a permanent solution it is working on for moderating the spiralling retail prices of petrol and diesel.
Net profit during the quarter grew by 61.2 percent to Rs 102.7 crore compared to Rs 63.7 crore in corresponding period last fiscal, backed by strong operational performance.
Research firm Deutsche Bank has maintained a hold rating on the stock and has cut target to Rs 340 from Rs 360 per share. The firm expects FY18-20 EBITDA and EPS CAGR at 25 percent and 33 percent.
Novelis expects to begin expanding its existing facility in 2018 in order to be operational by 2020
123 stocks hit a new 52-week low. These include ABB, ACC, Adani Power, Bharat Heavy Electricals, Bharat Petroleum Corporation, Capital First, Castrol India, Ceat, Century Textiles, Chennai Petro, HPCL, IDFC Bank, Power Finance Corporation, Tata Motors, UltraTech Cement and Vakrangee among others.
Company reported nearly double growth in consolidated profit at Rs 208 crore for the March quarter 2018 against Rs 109 crore in corresponding period last fiscal.
"We expect the Nifty to consolidate within a broader range of 10,300–10,600 amid stock specific action as we are going through the Q4 earnings season," says Dharmesh Shah of ICICI Direct.com.
EBITDA or operating profit was up 130 percent at Rs 90 crore and margin was up at 37 percent.
Sudarshan Sukhani of s2analytics.com recommends buying Mahindra & Mahindra with stop loss at Rs 820 and target of Rs 850, a buy in Mindtree with stop loss at Rs 1020 and target of Rs 1065 and a buy also in Godrej Consumer Products with stop loss at Rs 1090 and target at Rs 1135.
According to Angel Commodities, NCDEX Jun Soybean edged lower on fresh selling by the market participants.
"We have a buy rating on SBI due to improved health of balance sheet and management’s confidence in driving better growth in coming quarters," says Sumit Bilgaiyan of Equity99.
L&T Construction's buildings & factories business has secured orders worth Rs 1565 crore and power transmission & distribution business got orders worth Rs 547 crore.
"Improved return ratios and steady and rich dividend payouts should provide valuation comfort. Currently, we have a buy rating on stock," says Sumit Bilgaiyan of Equity99.
Revenue from operation was up by 15 percent at Rs 2316.91 crore against Rs 2004.16 crore.
"We believe Bajaj Finserv is an attractive play on long term structural theme of financialiasation of savings in the economy," says Sumit Bilgaiyan of Equity99.
According to Angel Broking,EURUSD depreciated by 0.7 percent while EURINR appreciated by 0.26 percent during the same time frame.
A meeting of the board of directors of the company will be held on May 29, 2018 to approve and take on record the audited financial results of the company for the year ended March 31, 2018.
"We believe the company will likely sustain its premium valuation. We maintain a buy rating on Bajaj Finance," says Sumit Bilgaiyan of Equity99.
The company has posted net loss of Rs 16.07 crore in Q4FY18 against loss of Rs 12.81 crore in Q4FY17.
The breadth of the market favoured declines, with 716 stocks advancing, 854 declining and 463 remaining unchanged. On BSE, 884 stocks advanced, 905 declined and 100 remained unchanged.
Morgan Stanley maintained its equalweight rating, but slashed its 12-month target price to Rs 339 per share from Rs 407 earlier