In 2022, the stock touched a low of Rs 202.85 and a high of Rs 330. On February 15, it settled 0.4 percent lower at Rs 255.65, still 22.5 percent away from the high of 2022
Rating agency Crisil has put the scam-ridden Punjab National Bank's ratings on 'watch', following the Rs 11,400-crore fraud detected by the lender at one of its Mumbai branches.
As expected Reliance Industries Limited made big announcements at its 40th Annual General Meeting (AGM) with the key announcement being around the JioPhone, which will be given free of cost to its Jio users, along with aggressive data tariffs.
Ahluwalia Contracts,Endurance Technologies,KNR Constructions are on the radar of Geojit FInancial Services
DLF, Bharat Electronics, BEML, Page Industries are on the radar of Kotak Securities
Vinati Organics, ABB, KEC International are on the radar of Geojit Financial Services
Mahindra & Mahindra; Mahindra, Bajaj Finance, Axis Bank are on the radar of Motilal Oswal Securities
Gujarat Mineral Development Corporation (GMDC) could be one of those boring commodity stocks that have given no returns since the last burst of commodity cycle in 2008. But growth in volumes and realisations provides a good earning visibility, which will be further enhanced because of the implementation of GST.
Reliance Securities has Asian Paints, Mindtree and Petronet LNG on its radar
Bank of Baroda, Minda Industries & Tata Steel are on its radar
The focus on commercial side would be on signed lease agreements, said Vishal Damani, Joint MD, Indiabulls Real Estate.
All the five companies are mid cap (market capitalisation between Rs 1000 crore and Rs 10,000 crore) and have superior fundamentals (ROCE and ROE consistently above 15% for the past 3 years). Barring one, the remaining four have underperformed the markets’ rally in the past six months.
Minda Industries, LG Balakrishnan & Bros and Ahluwalia Contracts (India) are on its radar
Credit growth for the PSU banks is expected to be weak for the next fiscal year not only because of their limited ability to lend money but also because the capex demand is completely absent, said Suresh Ganapathy, Banking Analyst, Macquarie Cap Sec.
Ashwani Gujral of ashwanigujral.com recommends buying Hindalco Industries, Vedanta, Jindal Steel & Power, VIP Industries and HDFC Bank.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy DCB Bank and sugar stocks while one may sell India Cements and Vedaanta.
Sandeep Wagle of powermywealth.com recommends buying DCB Bank and Jubilant Foodworks and advises selling Power Grid.
Hemant Thukral of Aditya Birla Money is of the view that one can buy Asian Paints and sell ONGC.
Sudarshan Sukhani of s2analytics.com suggests buying Tata Global Beverage, SBI and ICICI Bank.
Sudarshan Sukhani of s2analytics.com suggests buying Tata Global Beverage, SBI and ICICI Bank.
Ashwani Gujral of ashwanigujral.com recommends buying Coffee Day, PVR, Colgate Palmolive, Gruh Finance and Capital First.
Sudarshan Sukhani of s2analytics.com suggests buying Arvind, Tata Comm, Sun TV and Mindtree and advises selling Aurobindo Pharma.
In an interview with CNBC-TV18, market analyst SP Tulsian discussed his reading of the Jaypee Cement-UltraTech deal and what it means for other stocks in the sector.