Moneycontrol Buzzing Stocks
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ITI surges 10% on purchase order of Rs 1011 crore from GFGNL
ITI surges 10% on purchase order of Rs 1011 crore from GFGNL
The company has signed a contract with GFGNL for implementing BharatNet Phase II project in one of the two packages in the state of Gujarat.
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PSP Projects rises 2% on orders win worth Rs 572 crore
PSP Projects rises 2% on orders win worth Rs 572 crore
The work orders includes Rs 535.53 crore of work order from Sumer Corporation for construction of SRA Rehab Building at Chandivali, Mumbai.
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Wockhardt gains 3% on USFDA approval for cancer drug
Wockhardt gains 3% on USFDA approval for cancer drug
Imatinib stops the cancer cells from growing and is indicated for treating cancers like Leukemia and some Gastro-lntestinal tumors.
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D-Street Buzz: Nifty Pharma outperforms led by Sun Pharma; RIL jumps 2%, Dena Bank hits new 52-week low
D-Street Buzz: Nifty Pharma outperforms led by Sun Pharma; RIL jumps 2%, Dena Bank hits new 52-week low
The breadth of the market favoured the advances with 829 stocks advancing and 704 declining while 529 remained unchanged. On the BSE, 922 stocks advanced, 751 declined and 87 remained unchanged.
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IT stocks surge as rupee extends fall to near 71.50/$
IT stocks surge as rupee extends fall to near 71.50/$
A weaker rupee is seen as a positive cue for IT companies as it means better international revenue.
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South Indian Bank falls 8% as Q3 profit falls 27%; asset quality deteriorates
South Indian Bank falls 8% as Q3 profit falls 27%; asset quality deteriorates
Total income of the lender, however, improved to Rs 1,921.93 crore during the quarter under review, as against Rs 1,735.77 crore in the year-ago period, South Indian Bank said in a regulatory filing.
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DCB Bank plunges 6% on report of SFIO seeking cancellation of banking licence
DCB Bank plunges 6% on report of SFIO seeking cancellation of banking licence
According to a report by The Hindu Business Line, the Serious Fraud Investigation Office (SFIO) has asked for cancellation of banking licence on the back of its allege involvement in the NSEL scam.
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LT falls 3% as SEBI rejects Rs 9,000-crore buyback issue
LT falls 3% as SEBI rejects Rs 9,000-crore buyback issue
LT had proposed to buy back up to 6.1 crore shares from shareholders at a price of Rs 1,475 per equity share, aggregating to Rs 9,000 crore. The offer was open to those holding equity shares as on October 15.
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Linde India locked in 20% lower circuit amid ongoing delisting process
Linde India locked in 20% lower circuit amid ongoing delisting process
For the uninitiated, a delisting offer from BOC Group to Linde India shareholders opened on Friday. The company is reported to have made an offer to buy over 2 crore shares at Rs 428.5 apiece.
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D-Street Buzz: Nifty Infra in red dragged by Bharti Airtel; RIL extends gains, Sun TV at new 52-week low
D-Street Buzz: Nifty Infra in red dragged by Bharti Airtel; RIL extends gains, Sun TV at new 52-week low
The breadth of the market favoured the declines with 538 stocks advancing and 1083 declining while 434 remained unchanged. On the BSE, 839 stocks advanced, 1376 declined and 141 remained unchanged.
MC Brokerage Recos
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Accumulate LarsenToubro Technology Services; target of Rs 1780: Prabhudas Lilladher
Accumulate LarsenToubro Technology Services; target of Rs 1780: Prabhudas Lilladher
Prabhudas Lilladher recommended accumulate rating on Larsen and Toubro Technology Services with a target price of Rs 1780 in its research report dated January 17, 2019.
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Accumulate Reliance Industries; target of Rs 1238: Prabhudas Lilladher
Accumulate Reliance Industries; target of Rs 1238: Prabhudas Lilladher
Prabhudas Lilladher recommended accumulate rating on Reliance Industries with a target price of Rs 1238 in its research report dated January 18, 2019.
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Hold MindTree; target of Rs 930: ICICI Direct
Hold MindTree; target of Rs 930: ICICI Direct
ICICI Direct recommended hold rating on MindTree with a target price of Rs 930 in its research report dated January 17, 2019.
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Buy Federal Bank; target of Rs 102: Prabhudas Lilladher
Buy Federal Bank; target of Rs 102: Prabhudas Lilladher
Prabhudas Lilladher is bullish on Federal Bank has recommended buy rating on the stock with a target price of Rs 102 in its research report dated January 17, 2019.
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Accumulate Hindustan Unilever; target of Rs 1877: Dolat Capital
Accumulate Hindustan Unilever; target of Rs 1877: Dolat Capital
Dolat Capital recommended accumulate rating on Hindustan Unilever with a target price of Rs 1877 in its research report dated January 17, 2019.
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Buy Reliance Industries; target of Rs 1426: Motilal Oswal
Buy Reliance Industries; target of Rs 1426: Motilal Oswal
Motilal Oswal is bullish on Reliance Industries has recommended buy rating on the stock with a target price of Rs 1426 in its research report dated January 18, 2019.
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Buy Mindtree; target of Rs 1140: HDFC Securities
Buy Mindtree; target of Rs 1140: HDFC Securities
HDFC Securities is bullish on Mindtree has recommended buy rating on the stock with a target price of Rs 1140 in its research report dated January 17, 2019.
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Hold Hindustan Unilever; target of Rs 1874: Prabhudas Lilladher
Hold Hindustan Unilever; target of Rs 1874: Prabhudas Lilladher
Prabhudas Lilladher recommended Hold rating on Hindustan Unilever with a target price of Rs 1874 in its research report dated January 17, 2019.
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Buy Reliance Industries; target of Rs 1465: Sharekhan
Buy Reliance Industries; target of Rs 1465: Sharekhan
Sharekhan recommended is bullish on Reliance Industries has recommended buy rating on the stock with a target price of Rs 1465 in its research report dated January 17, 2019.
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Buy DCB Bank; target of Rs 218: Cholamandalam Securities
Buy DCB Bank; target of Rs 218: Cholamandalam Securities
Cholamandalam Securities is bullish on DCB Bank has recommended buy rating on the stock with a target price of Rs 218 in its research report dated January 17, 2019.
ET Markets
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Share market update: FMCG shares up; United Breweries jumps 4%
Share market update: FMCG shares up; United Breweries jumps 4%
Benchmark NSE Nifty50 index was up 56.85 points at 10,963.80 while the BSE Sensex was up 236.45 points at 36,623.06.
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Brokerages endorse HDFC Bank post Q3 data
Brokerages endorse HDFC Bank post Q3 data
The Q3 profit figure stood at Rs 5,586 crore, which came mainly on the back of higher net interest income.
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Share market update: Metal shares mixed; MOIL up 1%
Share market update: Metal shares mixed; MOIL up 1%
The Nifty Metal index was trading 0.03 per cent up at 2957.85 around 11:52 am.
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L&T mulls other options to return money to shareholders as Sebi rejects buyback plan: SN Subrahmanyan
L&T mulls other options to return money to shareholders as Sebi rejects buyback plan: SN Subrahmanyan
Sebi included L&T Fin to surmise L&T debt-equity ratio exceeds 2:1 & rejected buyback plan, says CEO
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Gold Rate Today: Gold, silver edge higher on high demand
Gold Rate Today: Gold, silver edge higher on high demand
Gold steadied in global markets on the back of softer US dollar.
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Top intraday trading ideas for afternoon trade for Monday 21 January 2019
Top intraday trading ideas for afternoon trade for Monday 21 January 2019
HDFC Bank is a 'Buy' call with a target price of Rs 2220 and a stop loss of Rs 2130.
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Mindtree jumps, L&T Infotech slips on deal buzz
Mindtree jumps, L&T Infotech slips on deal buzz
The L&T unit is closing in on a potential deal with Café Coffee Day founder Siddhartha.
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Share market update: 75 stocks hit 52-week lows on NSE
Share market update: 75 stocks hit 52-week lows on NSE
Domestic benchmark index NSE Nifty was trading 55.70 points up at 10,962.65 while the BSE Sensex was trading 227.56 points up at 36,614.17.
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Share market update: Nifty Realty index dips; Oberoi Realty down 2%
Share market update: Nifty Realty index dips; Oberoi Realty down 2%
Benchmark NSE Nifty50 index was up 61.45 points at 10,968.40 while the BSE Sensex was up 257.02 points at 36,643.63.
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L&T share buyback hits a wall; what top brokerages say
L&T share buyback hits a wall; what top brokerages say
L&T had proposed to buy back up to 6.1 crore shares from shareholders at a price of Rs 1,475 per share.
ET Expert Views
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L&T mulls other options to return money to shareholders as Sebi rejects buyback plan: SN Subrahmanyan
L&T mulls other options to return money to shareholders as Sebi rejects buyback plan: SN Subrahmanyan
Sebi included L&T Fin to surmise L&T debt-equity ratio exceeds 2:1 & rejected buyback plan, says CEO
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HDFC Bank CASA ratio has been consistently under pressure: Siddharth Purohit, SMC Global Securities
HDFC Bank CASA ratio has been consistently under pressure: Siddharth Purohit, SMC Global Securities
There is a little bit of worry on the asset quality during this quarter, says Purohit
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Top 2 midcap bets from IIFL's Abhimanyu Sofat
Top 2 midcap bets from IIFL's Abhimanyu Sofat
We were bullish on HUL till last month and now recommending clients to switch to ITC, says Sofat.
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Trade will continue to slow despite any trade deal between US and China:Mitul Kotecha, TD Securities
Trade will continue to slow despite any trade deal between US and China:Mitul Kotecha, TD Securities
We will see a marked slowdown in global economic activity this year, says Kotcha.
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China now talking about ending imbalance in trade with US: Seth Freeman, GlassRatner Advisory
China now talking about ending imbalance in trade with US: Seth Freeman, GlassRatner Advisory
It is difficult to say how much of this is pure political rhetoric and how much is reality, says Freeman.
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We will live through elections, go fully invested: Ravi Dharamshi
We will live through elections, go fully invested: Ravi Dharamshi
2019 will definitely augur well, much better than 2018.
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Before Budget, you can expect Nifty at 11,250: Manas Jaiswal
Before Budget, you can expect Nifty at 11,250: Manas Jaiswal
After some more consolidation, banks may witness an upside breakout.
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You would do well to stick to top end quality stocks: Ajay Bagga
You would do well to stick to top end quality stocks: Ajay Bagga
That is a pointer that more domestic issues are taking over in our markets.
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Go for quality IT and pharma stocks: Mayuresh Joshi, Angel Broking
Go for quality IT and pharma stocks: Mayuresh Joshi, Angel Broking
The TCV deals for top-tier IT names including Infosys, TCS, NIIT & MindTree are reasonable, says Joshi.
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Our order book has grown QoQ for 6 quarters: Arvind Thakur, NIIT Tech
Our order book has grown QoQ for 6 quarters: Arvind Thakur, NIIT Tech
“We have good momentum going in business and demand environment also looks bright.”
