Moneycontrol Buzzing Stocks
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Nomura Investment, Capital Income Builder acquire 1.9% stake in Mindspace REIT
Mindspace REIT listed with a double digit premium at Rs 304 on the BSE and closed at Rs 303.87, a 10.5 percent premium over issue price of Rs 275 per unit
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GainersLosers: 10 stocks that moved the most on August 7
Among the sectors, the midcap index gained more than a percent, while IT and pharma sectors ended in the red.
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Lupin shares fall 6% after Q1 net profit falls 60% YoY fall
Lupin#39;s Q1FY21 net profit from continuing operations stood at Rs 106.9 crore against Rs 264.7 crore in Q1FY20, the company said on August 6.
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Pidilite Industries shares climb 2% despite the company reporting a 95% fall in Q1 profit
The company said Q1 performance was significantly impacted by continued lockdowns due to the coronavirus pandemic.
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Deepak Nitrite share price down 4% after Q1 profit falls 40%
The company reported quarterly net profit at Rs. 63.61 crore in June 2020 down 40.71 percent from Rs. 107.28 crore in June 2019. EBITDA stood at Rs 102.47 crore in June 2020 down 45.54 percent from Rs. 188.17 crore in[…]
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Vodafone Idea share price dips 7% on weak Q1 result; CLSA retains underperform
CLSA has cut FY21-22 forecasts by 1-5 percent.
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DLF share price gains post Q1 result; Citi maintains sell rating
Morgan Stanley has maintained overweight rating with target at Rs 211.
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HPCL share price gains after Q1 profit jumps to Rs 2,814 crore
At Rs 37,721 crore, revenue from operations for the June quarter fell by 43 percent compared to Rs 66,154.9 crore in the March quarter.
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Adani Electricity Mumbai offloads 15 crore Yes Bank shares, GMO Fund sells 2.7% stake in Gayatri Projects
Abu Dhabi Investment Authority sold 39,537 shares in Aarti Surfactants, the demerged entity of Aarti Industries, at Rs 270.5 per share on the NSE.
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GainersLosers: 10 stocks that moved the most on August 6
Among sectors, IT, metal, pharma and FMCG gained more than 1 percent. BSE Midcap and Smallcap indices rose 0.7 percent and 1 percent, respectively.
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MC Technicals
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Falling Wedge chart set up suggests buying in Bank of Baroda
Falling Wedge chart set up suggests buying in Bank of Baroda
We recommend buying Bank of Baroda around Rs 47.50 with a stop loss of Rs 43 for higher targets of Rs 53/56 as indicated in above chart.
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Nifty likely to take a breather, these 3 stocks could offer up to 16% return in short term
Nifty likely to take a breather, these 3 stocks could offer up to 16% return in short term
To put things into perspective, we can expect the prices to trade in a range of 10,900 to 11,399 with a positive bias in the coming days.
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Nifty likely to consolidate, focus shifts to midcaps
Nifty likely to consolidate, focus shifts to midcaps
With CRB commodities index bouncing off from support zone, action back home in metal stocks is likely to be positive.
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Unveil the directional bias with open interest analysis: Shubham Agarwal
Unveil the directional bias with open interest analysis: Shubham Agarwal
whenever we see Price Up and Open Interest added, it could be inferred as additional bullish bias added into the stock.
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Technical View: Nifty forms bullish candle on weekly charts, bear attack seen if consolidation continues
Technical View: Nifty forms bullish candle on weekly charts, bear attack seen if consolidation continues
As the index seems to be in a no-trade zone, it will be prudent to wait for more signs of strength before initiating long positions, Mazhar Mohammad of Chartviewindia.in has said.
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Technical View: Nifty forms Doji pattern, 11,256 crucial for further upside
Technical View: Nifty forms Doji pattern, 11,256 crucial for further upside
Considering the indecisive formations of the past two sessions, traders should remain cautiously optimistic, with a stop loss below 11,100 level, says Mazhar Mohammad of Chartviewindia.in.
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Technical View: Nifty forms Spinning Top pattern, traders cautious ahead of RBI policy
Technical View: Nifty forms Spinning Top pattern, traders cautious ahead of RBI policy
Mazhar Mohammad of Chartviewindia.in advised traders to remain neutral on index by adopting a stock specific approach.
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#39;Remain cautious, restrict to short-term trade and focus on stock-specific action#39;
#39;Remain cautious, restrict to short-term trade and focus on stock-specific action#39;
Derivative data witnessed strongconfident CE writing open interest mounting at 11,10011,200 strikes which could face significant unwinding pressure once the index surpasses 11,100 mark.
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Nifty may move towards 11,200 by week end; RIL likely to hit fresh record high: Globe Capital
Nifty may move towards 11,200 by week end; RIL likely to hit fresh record high: Globe Capital
We would advise to buy Bank Nifty on some dips towards 21,300 for targets of 21,750-21,800.
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Technical View: Nifty forms bullish candle, be cautious with stop below 10,900 on long-side bets
Technical View: Nifty forms bullish candle, be cautious with stop below 10,900 on long-side bets
Mazhar Mohammad advised traders to remain cautious with a stop below 10,900 levels on long side bets as a breach on a closing basis can again strengthen the bearish sentiment.
MC Business News
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TVS Electronics slips into red, posts loss Rs 9.75 crore in June quarter
TVS Electronics slips into red, posts loss Rs 9.75 crore in June quarter
The company had registered a profit of Rs 1.97 crore in the same period a year ago.
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IndusInd Bank acquires 7.82% stake in Eveready by invoking pledged shares
IndusInd Bank acquires 7.82% stake in Eveready by invoking pledged shares
The bank invoked pledge on 56,83,320 shares forming 7.82 percent of paid-up equity share capital of Eveready Industries.
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India attracts $22 billion FDI during COVID-19: Amitabh Kant
India attracts $22 billion FDI during COVID-19: Amitabh Kant
Kant further said that almost 90 percent plus of the $22 billion foreign direct investment in India during the pandemic came through the automatic route.
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Arvind Panagariya pitches for demand side stimulus as business activities see uptick
Arvind Panagariya pitches for demand side stimulus as business activities see uptick
Panagariya opined that a large fiscal stimulus in India would not have produced result as it has not given results in the US or Europe.
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COVID-19 impact: Coal India downgrades FY21 production target to 650-660 million tonne
COVID-19 impact: Coal India downgrades FY21 production target to 650-660 million tonne
On commercial mining of coal, Agrawal said it will help introduce a market-linked price mechanism and benefit the state-owned mining behemoth, contrary to speculations.
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US sanctions: Huawei may soon run out of smartphone chips
US sanctions: Huawei may soon run out of smartphone chips
Yu said this year#39;s smartphone sales probably will be lower than 2019#39;s level of 240 million handsets but gave no details. The company didn#39;t immediately respond to questions Saturday.
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Bangladesh#39;s ties with India, China stand on different perspectives: Foreign Minister AK Abdul Momen
Bangladesh#39;s ties with India, China stand on different perspectives: Foreign Minister AK Abdul Momen
Momen#39;s remarks came after he visited a memorial complex at western Meherpur bordering India to pay tributes to the 1971 Liberation War martyrs.
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Crude oil futures gain 2.35% to settle at Rs 3,074 a barrel for the week
Crude oil futures gain 2.35% to settle at Rs 3,074 a barrel for the week
In the futures market, crude oil for August delivery touched an intraday high of Rs 3,165 and an intraday low of Rs 3,084 per barrel on MCX.
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Jubilant Life Sciences presents 1,000 vials of Remdesivir to Uttar Pradesh CM Yogi Adityanath
Jubilant Life Sciences presents 1,000 vials of Remdesivir to Uttar Pradesh CM Yogi Adityanath
The drug is being made available to over 1,000 hospitals providing COVID-19 treatment in India through the company#39;s distribution network, Jubilant Life Sciences said in a statement.
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Coronavirus punishes Warren Buffett as Berkshire Hathaway takes big writedown
Coronavirus punishes Warren Buffett as Berkshire Hathaway takes big writedown
Berkshire said it also took a $513 million charge on its 26.6 percent stake in Kraft Heinz Co, which on July 30 took writedowns on several of its businesses, including its Maxwell House and Oscar Mayer brands.
MC Brokerage Recos
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Buy Apollo Tyres; target of Rs 135: Sharekhan
Buy Apollo Tyres; target of Rs 135: Sharekhan
Sharekhan is bullish on Apollo Tyres has recommended buy rating on the stock with a target price of Rs 135 in its research report dated August 06, 2020.
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Buy Emami; target of Rs 320: Sharekhan
Buy Emami; target of Rs 320: Sharekhan
Sharekhan is bullish on Emami has recommended buy rating on the stock with a target price of Rs 320 in its research report dated August 07, 2020.
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Buy PI Industries; target of Rs 2250: Sharekhan
Buy PI Industries; target of Rs 2250: Sharekhan
Sharekhan is bullish on PI Industries has recommended buy rating on the stock with a target price of Rs 2250 in its research report dated August 06, 2020.
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Buy JK Lakshmi Cement; target of Rs 372: Sharekhan
Buy JK Lakshmi Cement; target of Rs 372: Sharekhan
Sharekhan is bullish on JK Lakshmi Cement has recommended buy rating on the stock with a target price of Rs 372 in its research report dated August 07, 2020.
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Buy Cipla; target of Rs 875: Sharekhan
Buy Cipla; target of Rs 875: Sharekhan
Sharekhan is bullish on Cipla has recommended buy rating on the stock with a target price of Rs 875 in its research report dated August 07, 2020.
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Hold Triveni Turbine; target of Rs 72: Sharekhan
Hold Triveni Turbine; target of Rs 72: Sharekhan
Sharekhan recommended Hold rating on Triveni Turbine with a target price of Rs 72 in its research report dated August 06, 2020.
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Hold Lupin; target of Rs 965: Sharekhan
Hold Lupin; target of Rs 965: Sharekhan
Sharekhan recommended Hold rating on Lupin with a target price of Rs 965 in its research report dated August 07, 2020.
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Hold Inox Leisure; target of Rs 270: Sharekhan
Hold Inox Leisure; target of Rs 270: Sharekhan
Sharekhan recommended Hold rating on Inox Leisure with a target price of Rs 270 in its research report dated August 06, 2020.
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Sell Ujjivan Small Finance Bank; target of Rs 25: Emkay Global Financial
Sell Ujjivan Small Finance Bank; target of Rs 25: Emkay Global Financial
Emkay Global Financial is bearish on Ujjivan Small Finance Bank has recommended sell rating on the stock with a target price of Rs 25 in its research report dated August 02, 2020.
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Sell Karur Vysya Bank; target of Rs 29: Emkay Global Financial
Sell Karur Vysya Bank; target of Rs 29: Emkay Global Financial
Emkay Global Financial is bearish on Karur Vysya Bank has recommended sell rating on the stock with a target price of Rs 29 in its research report dated August 01, 2020.
