In its latest report, Credit Suisse says, the financial health of India Inc continues to deteriorate with companies having interest cover (IC)
Shares of PC Jeweller tanked 11.24 percent, while those of Titan Company fell by 2.63 per cent on the BSE. Among others, Shree Ganesh Jewellery House was down 1.63 percent, while Gitanjali Gems went down by 1.61 percent.
Videocon Industries | Man Industries | Rasoya Proteins | Gitanjali Gems | ABG Shipyard | SpiceJet | CORE Education | REI Agro | IVRCL | Punj Lloyd | CRISIL | Opto Circuits | Educomp Solutions | Unitech | DEN Networks | Britannia | MMTC | REC | DLF | Jet Airways | SBI | Infosys | PNB and Supreme Infra are stocks, which are in the news today.
Consolidated total income fell by 37 percent to Rs 2,759.61 crore in the October-December quarter this fiscal from Rs 4,377.42 crore in the same quarter of 2012-13 fiscal.
Incidentally, today is St.Valentine's day which is seen as an occasion to gift gold and jewelleries. Valentine‘s day is observed as a lovers‘ day on February 14 each year. People in love exchange flowers, buy jewelleries, cards and chocolates.
HCL Infosystems is down 4.6 percent, Aban Offshore falls 2.4 percent, while Opto is trading 1.9 percent lower.
Pankaj Jain of Sunteck Wealthmax recommends buying Gitanjali Gems and Lanco Infratech.
Dharmesh Kant of Indianivesh Securities suggests buying Arvind for a target price of Rs 145 and Federal Bank for a target price of Rs 90.
SP Tulsian of sptulsian.com is of the view that one may enter Century Textiles and Industries at around Rs 275-280.
All of Asian markets end positive as Japan's Nikkei hits a 6-year high. China stays positive as inter-bank liquidity eases. Europe opens with gains as well, a resurgent dollar pushing the euro lower. The US 10 year yield holds above 2.9%.
Gitanjali Gems has reported a sales turnover of Rs 3,003.70 crore and a net profit of Rs 37.82 crore for the quarter ended Sep '13
Tech Mahindra, Nestle India and Yes Bank - three Indian counters that are now a part of the MSCI Global Standard Indices.
According to Shardul Kulkarni of Angel Broking, one may pick ILandFS Transportation Network with a view of 8-10 months.
Here's how small cap stocks opened on October 31
Sudarshan Sukhani of s2analytics.com advises to stay away from Gitanjali Gems.
NSE had suspended trading activities of 26 entities in July. The exchange had decided to suspend the 'Unique Client Codes' of these entities from trading for a period of six months, or till the conclusion of the probe, whichever is earlier. They were suspended as part of a probe into suspected market manipulations.
Nooresh Merani of AMSEC is of the view that one can exit Gitanjali Gems.
HDIL | Sun Pharma | Tata Chemicals | Winsome Diamonds | Glenmark Pharma | Gitanjali Gems | Jet Airways | Coal India | Financial Technologies | HT Media | Bajaj Auto | United Breweries | Tata Motors and Ashok Leyland are stocks, which are in the news today.
According to Kunal Bothra, Head of Advisory at LKP, one may avoid Gitanjali Gems.
Phani Sekhar, Fund Manager, PMS of Angel Broking recommends avoiding Gitanjali Gems.
On September 25, 2013 Credit Suisse (Singapore) Limited A/C Credit Suisse (SINGAP) sold 19,75,073 shares of Gitanjali Gems at Rs 60.10.
Reliance Broadcast | Heidelberg | ARO Granite | Videocon Industries | Ambuja Cements | Ranbaxy Labs and MCX India are stocks, which are in the news today.
Investors were buying Titan Industries (up 2.6 percent), Tribhovandas Bhimji Zaveri (up 6 percent), PC Jeweller (up 7 percent), Gitanjali Gems (up 4 percent) and Shree Ganesh Jewellery (up 4 percent) riding on the euphoria.
Gitanjali, which is facing cash crunch currently and is reportedly seeking Rs 1,000 crore working capital loan from banks following the recent tightening by the Reserve Bank, is also the biggest diamond retailer in the country with 60 per cent of its revenue coming in from this business.
According to Satish Gupta of astrostocktips.in, metal and mining stocks like Tata Steel, Hindalco Industries and SAIL and technology stocks like Infosys, HCL Technologies and Tata Consultancy Services will get astrological support.