Anil Manghnani, Modern Shares & Stock Brokers finds no reasons to suggest that any fresh upmoves are coming up. It is still a technical pullback, according to him.
Retail stocks surged 10-20% on Friday as the market cheered the government’s decision to allow 51% foreign direct investment [FDI] in multi-brand retail and 100% FDI in single-brand retail. Pantaloon Retail gained the most, up 17% in morning trade. But is it really a good time to buy retail stocks?
Bloom Dekor | Prism Cement | Bajaj Corp | Trent | TTK Prestige | Axis Bank | HUL | Koutons Retail | Bhansali Engineering and Lanco Infra are stocks, which are in the news today.
Atul Kumar Rai, CEO & MD of IFCI, in an interview with CNBC-TV18’s Latha Venkatesh and Gautam Broker, gave his perspective of the fourth quarter performance and divulged future plans.