The 30-share index opened flat at 14,129.89 and then lost its power and started trading negatively. In the mid-noon trades, the index continued to trade in a negative zone and closed lower. Stocks from oil & gas, automobile and metal led the declines.
sturdily at 13,987.77, the stock market continued to trade optimistically on the back of Asian market that climbed up to their weekly highs.
Housing Development Finance Corporat
Hindalco Industries has declared the results of the final quarter of the
billion through a follow-on equity offering may see the country’s largest private sector entity, ICICI Bank breaking into the top 100 financial institutions in the world, in terms of market capitalisation. The bank, whose current market capitalisation is $18.89 billion (Rs 77,834 crore), presently stands at the 111th position among the top 150 financial institutions in the world, when compared on an m-cap basis. Raising $5 billion through the equity offer will take ICICI Bank to a position of 84 in this list.Axis Securities has reiterated a BUY rating on Ethos, India's largest luxury-watch retailer, with a target of Rs 3,360 against a current price of Rs 2,525 — about 33 percent of upside.
News in Focus
Featured, India Business, Analyst View, Stock Markets, ICICI Direct, India, Pharmaceutical Sector, Symbiotec Pharmalab
ICICI Securities has initiated coverage on Symbiotec Pharmalab with a BUY rating and a Conviction Pick tag, setting a 12-month target of Rs 1,540 against a current price of Rs 1,200 — about 28 perc
Featured, India Business, Analyst View, Stock Markets, Auto Sector, India, Joindre Capital, Mayur Uniquoters
Joindre Capital Services has initiated coverage on Mayur Uniquoters with a BUY rating and a target of Rs 899 against a current price of Rs 731, implying roughly 23 percent of upside.
Featured, India Business, Analyst View, Stock Trading, Electronics Sector, India, LG Electronics, Motilal Oswal
Motilal Oswal has reiterated a BUY rating on LG Electronics India with a target of Rs 2,080 against a current price of Rs 1,711, implying roughly 22 percent of upside.
Featured, Analyst View, Stock Markets, Finance Sector, India, Motilal Oswal, Shriram Transport Finance
Motilal Oswal has reiterated a BUY rating on Shriram Finance with a target of Rs 1,220 against a current price of Rs 972, implying roughly 26 percent of upside.
Featured, Analyst View, Futures & Options, Banking Sector, India, Kotak Mahindra Bank, Prabhudas Lilladher
Prabhudas Lilladher has retained a BUY rating on Kotak Mahindra Bank and nudged its target price up to Rs 500 from Rs 480, against a current price of Rs 417 — implying roughly 20 percent of upside.
Main Regional Stories
Featured, India Business, Analyst View, Stock Markets, Axis Securities, Coforge Limited, India, Technology Sector
Axis Securities has issued a BUY call on Coforge in its latest Axis PUNCH idea, setting a three-to-six-month target of Rs 1,980 against a current price of Rs 1,800 — a tactical upside of about 10 percent.
South Korean Krafton, best known as the publisher of PUBG and Battlegrounds Mobile India (BGMI), has announced plans to invest an additional $250 million in the Indian market over the next three to four years.
The Indian mobile betting market is experiencing rapid growth. The widespread adoption of affordable smartphones and low-cost mobile internet plans has transformed millions of fans from passive viewers into active participants in sporting events.
Featured, India Business, Energy Sector, Analyst View, India, Motilal Oswal, Petronet LNG, Public Sector
Motilal Oswal has reaffirmed a BUY rating on Petronet LNG, holding a discounted-cash-flow target of Rs 362 against a prevailing price of Rs 286 — a prospective return of roughly 27 percent.
