It said in a regulatory filing that the Committee of Directors set up by the HDFC board has approved offering up to 85,92,970 equity shares of Rs 5 each of HDFC AMC, representing 4.08 per cent of the paid-up share capital, for sale in the IPO.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Kotak Mahindra Bank, Shriram Transport Finance, Tata Global Beverage, HDFC, TCS, L&T and ACC and can sell CESC and Cummins India.
Ashwani Gujral of ashwanigujral.com recommends buying NCC, Vedanta and IIFL Holdings.
The market breadth was in favour of the declines with 765 stocks advancing while 939 declined and 315 remained unchanged. On the other hand, in the BSE, 1199 stocks advanced and 1406 declined and 151 remained unchanged.
The following article is an initiative of HDFC Life and is intended to create awareness among the users.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell REC and Adani Enterprises and can buy Amara Raja Batteries.
The market breadth was in favour of the declines with 677 stocks advancing while 1039 declined and 302 remained unchanged. On the other hand, in the BSE, 989 stocks advanced and 1634 declined and 149 remained unchanged.
Ten stocks on which CLSA maintains its overweight stance include names like ICICI Bank, SBI, HDFC, ICICI Pru Life, IndusInd Bank, L&T, Astral, Sadbhav, Godrej Properties, and Sobha
Ashwani Gujral of ashwanigujral.com recommends selling Motherson Sumi, Bajaj Finance, HDFC, Sun Pharma, Reliance Capital and PC Jeweller.
The Modi government had launched the housing for all by 2022 in June 2015 and the disbursement is from that period.
As many as 14,290 beneficiaries benefited from the PMAY scheme across the country
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Infosys, Bata India and TCS and can sell DHFL and LIC Housing Finance.
Mitessh Thakkar of miteshthacker.com is of the view that one can sell HDFC,Yes Bank and Tata Motors and can buy SAIL.
Its net profit stood at Rs 67 crore in the year-ago period, the Bengaluru-based firm said in a regulatory filing.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy M&M, ITC, Dish TV and Ashok Leyland and can sell Godfrey Phillips, Chennai Petro, LIC Housing and DHFL.
Banks say they require the approval of NHB before agreeing to such a demand
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Ashok Leyland and can sell Fortis Healthcare.
The market breadth was in favour of the declines on Friday morning with 222 stocks advancing while 1383 stocks declined and 409 stocks remained unchanged. On the BSE, 348 stocks advanced while 1766 stocks declined and 64 remained unchanged.
Prabhudas Lilladher is bullish on HDFC has recommended buy rating on the stock with a target price of Rs 2160 in its research report dated January 30, 2018.
Mistry said his company will continue to grow in all businesses including affordable housing, which is being pushed through the government’s Pradhan Mantri Awas Yojana.
The Economic Survey for 2017-18 said the GDP will grow on the back of major reforms which would be strengthened further in the next financial year.
Profits in Q3 may have a post tax income of Rs 3,675 crore, which is a one-time gain from stake sale in HDFC Standard Life Insurance.
Ashwani Gujral of ashwanigujral.com recommends buying UPL, Jindal Steel & Power and Eicher Motors.
The market breadth was in favour of the declines on Wednesday morning with 384 stocks advancing as against 1220 declines while 405 remained unchanged. On the other hand, 673 stocks advanced and 1463 stocks declined while 87 remained unchanged on the BSE.
A cautionary stance is necessary at current level as the index is trading near key resistance levels, but as long as Nifty trades above key support levels, traders should avoid taking contra bets at current level and ride the momentum on the upside.