A company spokesperson told Moneycontrol that after the sale, the company expects around Rs 1,000 crore in hand, thereby reducing its debt to Rs 2,200 crore
Prakash Gaba of prakashgaba.com advises buying HUL with target at Rs 1810 and stop loss at Rs 1765
Harendra Kumar of Elara Capital said given the overall robustness in earnings recovery, 2019 could well be a year of midcaps and smallcaps.
While early analysis suggested the high volume growth could have been just a base impact, a deep dive into the numbers shows it is not so.
The carnage in midcap and smallcaps is a buying opportunity in select stocks
Traders can accumulate the stock in the range of Rs 548-552 for the target of Rs 606 and a stop loss placed below Rs 524, says Achin Goel of Bonanza Portfolio.
The index may move down towards 10,820, and below that we see a further correction towards 10,670 levels.
Vinay Rajani of HDFC Securities recommends buying United Breweries with target at Rs 1,370 and stop loss at Rs 1230 and Tata Elxsi with target at Rs 1,390 and stop loss at Rs 1,240.
Factors fuelling rural growth in FY18 are a normal monsoon, low base effect, increase in MSP, an increase in rural allocation in recent budgets.
"We believe, the stock is attractively poised after a healthy price wise and time wise correction, and should move higher towards Rs 1360 being the identical swing highs of 2015 and 2017-18," says Dharmesh Shah, Head Technical, AVP at ICICI Direct.com Research.
Prakash Gaba of prakashgaba.com recommends buying Hindustan Unilever with target at Rs1480 and stop loss at Rs 1452 and Tata Global Beverage with target at Rs 295 and stop loss at Rs 286.
The consolidation is likely to continue for next 3-4 months. In fact, the entire calendar year is expected to be tough.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy NIIT Technologies and Indraprastha Gas and can sell Canara Bank.
The sharp correction in midcaps makes stock-picking a bit less challenging, as valuation premiums have moderated from the recent highs.
HDFC, Tech Mahindra and KPIT Tech, among others, are being tracked by analysts on Tuesday.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy KPIT Tech, JSW Energy, Hindustan Unilever and Granules India and can sell Canara Bank.
Morgan Stanley feels APA with US Internal Revenue Service could positively impact FY19/20 EPS by up to 1 percent. The research house has Equalweight rating on the stock with target at Rs 1,028 per share.
Mitessh Thakkar of miteshthacker.com has a buy on Axis Bank with a stop loss of Rs 547 for target of Rs 585 and a buy on IDFC with a stop loss of Rs 61.8 for target of Rs 67.
The Goods and Services (GST) Council, which met in Guwahati for a 2-day meet starting Thursday of last week, has decided to keep only 50 luxury and 'sin' goods like tobacco in the highest slab.
Domestic money has been one of the driving factors in driving rally in the small and midcap space but analysts’ are of the view that the risk to midcaps is a change in the global liquidity, which will impact the overall performance of the broad market risking mid-caps to underperform.
While Q1 2018 was impacted by severe destocking in the trade channel due to GST, Q2 2018 witnessed a sharp recovery partly led by restocking and festive season demand recovery. Average volume growth in Q2 2018 has been 6.2 percent YoY (vs. -6.3 percent in Q1 2018) led by Emami, Godrej consumers, Marico and Dabur.
Liquor and fast moving consumer goods (FMCG) earnings remain in focus. In an interview to CNBC-TV18, Abneesh Roy of Edelweiss Securities shared his take on the sector.
Going forward, gradual rural recovery, focus on direct reach, volume traction in winter skin care (Boroplus) remains key variables to monitor.
In an interview to CNBC-TV18, Abhimanyu Sofat, VP-Research at IIFL shared his readings and outlook on specific stocks and sectors.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Jubilant Foodworks, JSW Steel, BEML and Emami and sell Glenmark Pharma.