In an interview to CNBC-TV18’s Ekta Batra and Mangalam Maloo, SP Tulsian of sptulsian.com gave his views on the Vodafone-Idea merger and his view on the logistic stocks which saw a bit of a spike as the decks have been cleared for GST.
Driven by its ongoing efforts to tap emerging potentials in e-commerce, a logistics player Patel Integrated Logistics has reported over 10 per cent increase in the net profit for the September quarter of the current fiscal.
Here are some stocks that are expected to gain in trade today. The stocks are Tata Chemical, NIIT Technologies, SBI, Kotak Mahindra Bank, RBL Bank, IGL, Mahanagar Gas, Gujarat Gas, GAIL, MCX, Adani Ports, Tata Steel, JSW Steel, Blue Dart, Patel Integrated, Wanbury, Edelweiss, Sun Pharmaceutical, Maruti, M&M, Eicher Motors, Jubilant Life and MOIL.
According to Prakash Gaba of prakashgaba.com, one may hold Patel Integrated Logistics.
Meanwhile, Patel Logistics today reported a 16.2 percent jump in net profit at Rs 2.37 crore, while revenue rose 8.6 percent to Rs 122.22 crore for the three months to June.
Stocks expected to gain are Sundram Fast, J&K Bank, Adani Ports, Aptech, PFC, Jubilant Life, Natco Pharma, Nitesh Estates, Globus Spirits and Emco, while stocks expected to be under pressure are Lupin, United Bank, Uco Bank, IOB, JK Tyre, Concor, Patel Integrated, Anuh Pharma, Gokaldas Exports, Kennametal, Indag Rubber, Huhtamaki PPL.
SBI | Godrej Properties | Himachal Futuristic Communication | Bharat Financial | Archies | PFC | Greenply Industries | Aptech | Grasim | Aditya Birla Nuvo | Kennametal | Prism Cement | Patel Integrated Logistics | AstraZeneca | Anuh Pharma | IOB | United Bank | UCO Bank and JK Tyre are stocks, which are in the news today.
Vijay Chopra of enochventures.com is of the view that one may buy Chenai Petro with a target of Rs 230.
JSPL,Bhushan Steel,GMR Infra,GVK Power & Infra,TCI Finance,Gati,Snowman Logistics,Liberty Shoes,Bata India,Kajaria Ceramics,Somany Ceramics,HSIL,PVR,INOX Leisure,Sundaram Finance,Cholamandalam Investment and Finance Company,Bharti Airtel,Dr Reddys Laboratories,Fortis Healthcare,Tata Power.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today. We have JSW Energy, Idea Cellular, Bharti Airtel, Reliance Communications, Asian Granito, Walchandnagar Industries, Reliance Defence and Engineering, Nelco, Cimmco, Jain Irrigation, Gati, Patel Integrated Logistics, Snowman Logistics, PVR and Inox Leisure.
The company performed poorly in the fourth quarter of FY16 due to difficulties in rolling out its own e-commerce platform. The quarter witnessed a 3 percent decline in profit after tax (PAT) year-on-year to Rs 2.25 crore.
Patel Integrated Logistics has partnered Saudi Arabia's Nationwide Group to set up a joint venture to tap the emerging opportunities in the region ahead of the forthcoming FIFA World Cup and the Dubai World Expo
CNBC-TV18‘s research analysts list stocks to focus on in today‘s trade. The stocks expected to gain are all the GST plays including TCI, Gati, Snowman Logistics, Gateway Distriparks, VRL Logistics, Navkar Corporation, Patel Integrated, Relaxo Footwear, Liberty, Bata, Kajaria Ceramics, Somany Ceramics, and HSIL.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today. We have - Prabhat Dairy, Parag Milk Foods, Tata Communications, Torrent Power, Tata Metaliks, Allcargo Logistics, Patel Integrated, Gati, Shreyas Shipping and VRL Logistics.
Here are stocks likely to be in focus in the trade today.
The company's December-quarter numbers are noteworthy, especially since most logistics firms have seen massive hits to their bottomlines.
Speaking to CNBC-TV18, Areef Patel, Vice-Chairman of the company said that the company has decided to form a subsidiary for its e-commerce business and will be looking at joint venture partner for same.
Patel Integrated Logistics has reported a sales total income from operations of Rs 125.88 crore and a net profit of Rs 2.06 crore for the quarter ended Dec '15
Kunal Bothra of LKP Securities is of the view that Pidilite Industries may test Rs 584 while Tata Elxsi may hit Rs 2025 and Patel Integrated Logistics Rs 97.50.
Sobha, Mphasis, Sun TV, IFCI, Ashok Leyland, Tata Power, Brila Corp, Reliance Infra, Bharat Forge, Ansal Properties, Spice Mobility, JHS Svengaard Labs, Swaraj Automotives, MTNL, Patel Integrated Logistics, Vakrangee, Gujarat NRE Coke, Time Technoplast, Sumeet Ind, Lanco Infra, Sterlite Tech, Borosil, Sintex,
Rajat Bose of rajatkbose.com is of the view that one can buy Gati with a target of Rs 195.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today. We have - CESC, Bata India, Bharti Airtel, Dr. Reddy's Laboratories, Glenmark Pharmaceuticals, Bharat Forge, Gati , Patel Integrated & Aegis Logistics.