Indo-US Contract Cannot Be Renegotiated: Indian American Community Leaders

Washington: Indian-American community leaders, showing worries over the stand taken by the Indian political parties on the Indo-US civil nuclear deal, stated that the agreement cannot be renegotiat

BHEL gets a big order

Bharat Heavy Electricals LimitedIn early trading, Bharat Heavy Electricals, BHEL touched the level of Rs 1,622, up Rs 11.55, or 0.72%. The stock price had gone up to Rs 1,632.50. As the market slipped into the red, BHEL had an intraday low of Rs 1,570. The stock was strong, but due to overall weak sentiment in the market, BHEL ended the day at 1590 (down by Rs 19.10).

The company has pocketed order worth of Rs 6500 cr from Damodar Valley Corporation.

GHCL Plans to enter Retail Sector

Gujarat Heavy Chemicals LimitedGujarat Heavy Chemicals Limited (GHCL) has announced

No Special Package for Exporters

Commerce Minister Kamal NathThe Finance Ministry has ruled out any fi

Motilal Oswal can offer 10-15% returns on listing

Motilal Oswal Securities Ltd.Motilal Oswal is coming up with a Public Issue to raise Rs 246 crore by selling its 29,82,710 shares with face value of Rs 5 each through 100% book building process. The price band of the IPO is Rs 725-825 per share. The issue will close on Thursday.

Oil Prices Falls Back As Hurricane Worries Ease

Yesterday, the oil and gas rates fell in the United States as worries relieved after storm Dean headed towards Mexico’s Yucatan Peninsula; and further than the U.S. energy facilities along the Gulf Coast.

As supply worries dropped off, fears about the stock market’s consequence on international demand came to the front position yet again.

For the next month delivery, light, sweet crude drop 86 cents to USD 71.12 each barrel on the NYMEX. The deal ended up from its intraday low of USD 70.05 per barrel.

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News in Focus

Vedanta Aluminium Metal Share Price Target at Rs 520: ICICI Securities

ICICI Securities has maintained a Buy rating on Vedanta Aluminium Metal, holding its target price at Rs 520, implying 14% upside from the current market price of Rs 457.

Bajaj Finance Share Price Target at Rs 1,300: Motilal Oswal

Motilal Oswal has upgraded its rating on Bajaj Finance to Buy from Neutral, setting a target price of Rs 1,300, implying 23% upside from the current market price of Rs 1,054.

Mahindra & Mahindra Share Price Target at Rs 4,100 as Plan Execution Remains Strong: ICICI Securities

ICICI Securities has maintained a Buy rating on Mahindra & Mahindra, raising its target price to Rs 4,100 from Rs 4,000, implying 25% upside from the current market price of Rs 3,284.

Home First Finance Share Price Target at Rs 1,400: IDBI Capital

IDBI Capital has reiterated a Buy rating on Home First Finance Company, setting a target price of Rs 1,400, implying 19% upside from the current market price of Rs 1,181.

Suzlon Energy Share Price Target at Rs 65: ICICI Direct

ICICI Securities has maintained a Buy rating on Suzlon Energy, retaining an unchanged target price of Rs 65, implying 35% upside from the current market price of Rs 48.

Tata Power Share Price Target at Rs 485: ICICI Securities

ICICI Securities has reiterated a Buy rating on Tata Power Company, maintaining a target price of Rs 485, implying 31% upside from the current market price of Rs 371.