Choice of Managing Director Ramesh Sobti’s successor may also have a bearing on stock sentiment
Prabhudas Lilladher recommended Hold rating on Bharat Forge with a target price of Rs 430 in its research report dated October 11, 2019.
Prabhudas Lilladher is bullish on IndusInd Bank has recommended buy rating on the stock with a target price of Rs 1640 in its research report dated October 10, 2019.
Sharekhan is bullish on Tata Consultancy Services has recommended buy rating on the stock with a target price of Rs 2150 in its research report dated October 10, 2019.
Edelweiss Securities is bullish on India Grid Trust has recommended buy rating on the stock with a target price of Rs 113 in its research report dated September 25, 2019.
The latest decline is the first downward revision after a span of 30 months and the impact of this will be widespread as natural gas forms a key input ingredient across industries.
Considering that there is limited scope for raising funds through primary and secondary route, the focus would now shift towards other means such as monetisation of assets such as roads, transmission lines and real estate
Lumax trades at a valuation of 9.1 times FY21 projected earnings. We advise investors to accumulate this strong business with an eye on the long term
The report also includes a proposal to drop surcharges and cess levied on income tax