Sharmila Joshi of Peerless Securities recommended buying Ceat with a target price of Rs 118.5 and YES Bank with a target price of Rs 248.
On an intermediate timeframe, we have been giving target of 4900 and that seems to be in difficulty because the declines we have seen over the last few days suggests that these targets will not only be touched, they could easily be exceeded, technical analyst, Sudarshan Sukhani, s2analytics.com said.
Financial Technologies | HDIL | Gammon India | CCL Products | Simbhaoli Sugars | Oberoi Realty | Sesa Goa | Sterlite Industries and Coal India are stocks, which are in the news today.
Realty firm Housing Development and Infrastructure Ltd (HDIL) on Wednesday reported 85 percent fall in consolidated net profit at Rs 16.25 crore for the quarter ended in June.
The promoters have paid Indiabulls 32.2 million rupees after they were issued a notice by the lender on July 19, the company said in a statement.
Rajesh Agarwal of Eastern Financiers advised buying Dredging Corporation with a target price of Rs 255 and Amara Raja Batteries with a target price of Rs 250.
Rupee is playing havoc in the market dragging the benchmark indices. The Sensex is still below 19,000 and is at 18983.95, down 198.31 points and the Nifty slips 70.45 points to 5614.95.
Indiabulls Financial Services (New name - Indiabulls Housing Finance after merger) has alleged that the promoters of HDIL, Rakesh and Sarang Wadhawan have defaulted on their interest payments, reports CNBC-TV18.
Wockhardt | Aptech | Engineers India | TD Power | Lakshmi Machine | eClerx Services | Prime Focus | Dhanlakshmi Bank | Reliance Power | Crompton Greaves | Karur Vysya Bank | Unitech | Jindal Steel and HDIL are stocks, which are in the news today.
According to India Bulls, both promoters have failed to pay an interest of about Rs 3.5 crore on a loan of Rs 46 crore that had already been extended by India Bulls Financial Services.
We are looking at a break below 5,600-5,550 and whether that happens in August or later is something that the market will decide, technical analyst, Sudarshan Sukhani of s2analytics.com said.
Manoj Murlidharan Vayalar, Associate Vice President-Derivatives is of the view that HDIL, Tata Global, IFCI and SBI are the top picks.
3M India | Andhra Paper Paper Mills | Coromandel International | SpiceJet | L&T | CRISIL | Adhunik Metaliks | Diamond Power | Best Eastern | Jet Airways | Tata Motors | Hero MotoCorp | YES Bank and Dabur are stocks, which are in the news today.
The level of 6000 is the benchmark and the market is a bit above 6,000. During the week, it could also go below it, technical analyst, Sudarshan Sukhani, s2analytics.com said.
Idea Cellular | HCL Tech | Axis Bank | Kotak Mahindra Bank | TCS | Supreme Petrochem | Hinduja Foundries | Liberty Phosphates | Jyoti Structures | Igarashi Motors | S Kumars Nationwide | NCC | SKS Microfinance and Heritage Foods are stocks, which are in the news today.
The battle between HDIL and MIAL raged on in the Bombay High Court. Mumbai's slum rehabilitation authority argued for its right to reposses the built tenements.
Development Credit Bank | Sabero Organics | HDIL | Texmaco Rail | Kalindee Rail | Winsome Diamonds | Ranbaxy Labs and HDFC Bank are stocks, which are in the news today.
Aashish Tater of FortuneWizard.com advised buying Firstsource Solutions with a target price of Rs 13.8 and Dena Bank with a target price of Rs 73.5.
Exide Industries | CMC | Advanta India | Crompton Greaves | MphasiS | Sandur Manganese | Jet Airways | Atul Auto and Tata Motors are stocks, which are in the news today.
Reliance Industries | Tata Steel | IOC | Kalindee Rail | Crompton Greaves | Managalore Chemicals | Tech Mahindra | Polaris | NHPC | ICICI Bank | SpiceJet | Glenmark Pharma | Sadbhav Engineering | Shasun Pharma | Colgate Palmolive and Cipla are stocks, which are in the news today.
MIAL argued that failure to meet deadlines was a clear breach of contract by HDIL and that no relief should be provided.
Mangalore Chemicals | Elder Pharma | Wockhardt | Apollo Tyres | HPCL | HDIL and KEI Industries and Infosys are stocks, which are in the news today.
Sharmila Joshi of Peerless Securities recommends buying Berger Paints with a target price of Rs 248 and Rolta India with a target price of Rs 62.50.
Apollo Tyres | Shriram City Union Finance | IOC | Talwarkars | Clariant Chemicals | Bajaj Auto | Tata Motors | Deccan Chronicle Holdings | HDIL | SAIL and Sterlite Industries are stocks, which are in the news today.
Aashish Tater of Fortunewizard.com advises to short HDIL with a target price of Rs 35 and Jain Irrigation with a target price Rs 46.5.