Some of the other leading brokers who are being probed in the NSEL case are Anand Rathi Commodities, Philip Commodities and Geofin Commodities.
Bhavesh Gandhi Research Analyst at IIFL says Bharti‘s profits have beaten estimates showing a robust growth in Indian businesses.
Given the numbers and the valuations the brokerage house would refrain from hiking the target price for Cipla from the current Rs 1070, Bhavesh Gandhi.
Persistent quantitative easing and ultra cheap interest rates have failed to nip the mess in the bud. Inefficacy of the alternative monetary policy has also compelled nations to debase the currency and in the process permeate deflation on the global stage.
In an interview to CNBC-Tv18, Bhavesh Gandhi of India Infoline shared his reading and outlook on Indian telecom sector and picked his best bets.
IOC| Reliance Industries | Godrej Consumer | Mahindra and Mahindra | Tata Motors | Tech Mahindra | India Infoline | Vascon Engineers | Infotech Enterprises | MERCK | Dishman Pharma | Hotel Leela Venture | Financial Technologies and Shree Ganesh Jewellery are stocks, which are in news today.
The capital garnered through the issue would be utilised for the company's various financing activities including lending and investments. Besides, funds would be used to repay existing loans and to meet working capital requirements.
Rajiv Mehta, however, expects the net interest margins to improve marginally in the current quarter.
IIFL has upgraded the stock to buy with a target price of Rs 425 and has revised the earnings estimates by around 6-8 percent for JLR operations said Prayesh Jain.
India Infoline has reported a sales turnover of Rs 687.47 crore and a net profit of Rs 67.11 crore for the quarter ended Dec '13
R Venkatraman, MD, India Infoline Group expects challenges for capital markets segment to continue going ahead.
The slowdown in capex has been more severe than the last downturn in 2001-2003 while the macro environment is still better than the previous downcycle. Therefore, our base case is that the capex cycle is likely to stabilize around the current levels and is unlikely to turn worse.
Tata Motors | SBI | GAIL | L&T Finance Holdings | SJVN | Zensar Technologies | VIP Industries | Ranbaxy Labs | Future Retail | Engineers India | AstraZeneca | NTPC | HDFC | Hero Motocorp | Voltas | Arvind and Sintex Industries are stocks, which are in the news today.
Piramal Enterprises' private equity fund Indiareit Fund Advisors will be acting as the investment advisor for the IIFL Income Opportunities Fund - Series 'Special Situations', the brokerage firm said in a statement.
Abhishek Anand, VP -Telecom, Centrum Wealth Management said revenues from Africa operations were better than expectations and that overall operating numbers were decent.
Maruti Suzuki (MSIL) surpassed street expectations with the third quarter net profit rising 36 percent year-on-year, driven by strong operational performance, higher localisation and favourable forex. Quarter-on-quarter growth was 1.6 percent. The market share of the company increased 2.5 percent to 42.8 percent in the quarter gone by.
Selling power at subsidized rates would hurt cash flows of state electricity boards, which in turn could hurt the financials of merchant power companies that supply power to the SEBs, feels Harshvardhan Dole, Power Analyst of IIFL.
The house has a buy rating on the stock with a target price of Rs 1027 said Prayesh Jain in an interview to CNBC-TV18
HCL's EBITDA margins for the quarter at 26 percent could have been aided by perational efficiencies given the strong growth in infrastructure management services, Rajiv Mehta, IT Analyst, India Infoline said.
Till the time Infosys bridges the revenue gap with its peers, Rajiv Mehta, Banking Analyst, India Infoline prefers TCS and HCL Technologies over Infosys.
Rajiv Mehta, banking analyst at India Infoline prefers Tata Consultancy Services and HCL Technologies over Infosys and Wipro within the IT space.
Rajiv Mehta, banking analyst at India Infoline recommends buying Infosys as the stock may test Rs 4132.
Sudarshan Sukhani of s2analytics.com recommends buying SREI Infrastructure Finance and advises avoiding India Infoline.
Prayesh Jain, IIFL says the house has a buy rating on Reliance Industries. Not only is the company seeing a benefit from the gas price hike but it has made huge investments in the core business of soft refining and petrochemicals, which will be profit accretive in the next couple of years.
The issue will close on December 20, 2013. IIHFL, the housing finance arm of India Infoline, retains the option to close on such earlier date or extended date up to a period of 30 days from the date of opening of the issue.