With the finance minister Chidambaram trying to unlock some of the procedures and policies, Portfolio Manager PN Vijay believes that 49% FDI in insurance will not be as negatively perceived as retail.
Cement stocks were under pressure today, on account of price cuts in Himachal Pradesh. Cement prices have been cut by about Rs 25 per 50 kg bag. ACC, Gujarat Ambuja and Jaypee are the three leading companies which have cut their cement prices.
Sunidhi Securities is bullish on Gujarat Ambuja and has recommended buy rating on the stock with a target of Rs 42 in its June 8, 2011 research report.
Gitanjali Gems | GVK Power | NTPC | Bank of India | IOC | Tata Steel | ONGC | SAIL | Reliance Communications | Reliance Industries | Unitech | NMDC | Gujarat Ambuja and Nakoda are stocks, which are in the news today.