Ample liquidity and relatively cheap valuations in the aftermath of COVID-19-led crash could have been the fillip companies needed to opt for rights issue as the preferred means of raising funds, say experts
Motilal Oswal is bullish on Aditya Birla Fashion has recommended buy rating on the stock with a target price of Rs 180 in its research report dated June 22, 2020.
Emkay Global Financial is bullish on Aditya Birla Fashion has recommended buy rating on the stock with a target price of Rs 150 in its research report dated May 27, 2020.
We expect the sales and profitability momentum of Aditya Birla Fashion to persist.
Aditya Birla Fashion is aimed to establish itself as the No 2 player in the innerwear segment and its balance sheet is on an improving trajectory, said the brokerage house
Of the 34 Nifty companies that have announced their earnings, 25 have either met or exceeded consensus estimates on both the PAT and EBITDA front
Going forward, growth in lifestyle brands, reduction of losses in fast fashion, addition of new Pantaloons outlets and operational efficiency will chart the company's growth trajectory.
The long term trajectory of the market will remain towards an upward trend.
We expect the index to consolidate with a positive bias and oscillate between the broad range of 9,500 and 9,750 in the coming sessions while stock specific activity will remain in focus.
It will be prudent for Nifty to reclaim 9600 else bears will take the index towards its crucial support level of 9,500.
The Nifty is still trading in a sideways broader range where 9,585 seems to be an immediate support for Nifty.
Interview with Gaurav Dua, Head of Research at Sharekhan .
The index may march towards 9,580-9,600 levels in the near-term. Any dip must be used as a fresh buying opportunity.
Rakesh Bansal of R K Global advises buying EID Parry with a target of Rs 319.
In an interview to CNBC-TV18's Latha Venkatesh, Sonia Shenoy, and Anuj Singhal, Basant Maheshwari, Author & Independent Market Expert shared his readings and outlook on specific stocks and sectors.
Himanshu Nayyar, VP-Consumer & Retail at Systematix Shares & Stocks likes Aditya Birla Fashion over Arvind.
Himanshu Nayyar, VP-Consumer & Retail at Systematix Shares & Stocks is of the view that one may prefer Aditya Birla Fashion and Future Retail from the retail sector.
Vijay Chopra of enochventures.com suggests buying Aditya Birla Fashion on dips.
Rajat Bose of rajatkbose.com advises buying Aditya Birla Fashion below Rs 150.
In its new target price, the brokerage has incorporated the fashion business demerger impact; and the current market price for Idea Cellular, Aditya Birla Fashion (8.9 percent stake) & Aditya Birla Money. It also incorporated company's FY16 earnings, net debt position and capex plans for new businesses.
GMR Infrastructure | Raymond | Syndicate Bank | SREI Infra | Vedanta | Gayatri Projects | Aditya Birla Fashion | SRF | SREI Infrastructure Finance | Edelweiss | SAIL | Reliance Industries | Bank Of Baroda | JSW Steel | HCC | Ufelx | BHEL and Ahluwalia Contracts India are stocks, which are in news today.