Moneycontrol Buzzing Stocks
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ITDC jumps 9% on merger with Kumarakruppa Frontier
The Government of India holds 90.09 percent shareholding in Kumarakruppa and 87.03 percent stake in ITDC.
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BGR Energy share price locked in 20% upper circuit on Rs 4,442-cr order win
The company#39;s current order book is Rs 8,460 crore including this contract.
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Nifty Bank marches toward record high on likely resolution of 4 NPA cases in December
According to sources, Essar Steel and Ruchi Soya#39;s resolution is likely to be completed on December 16 while Bhushan Power resolution is likely by the end of December.
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D- Street Buzz: PSU banks surge on likely resolution of 4 NPA cases; Indiabulls Housing most active
The most active stocks are Indiabulls Housing Finance, Tata Motors, TCS, Axis Bank and State Bank of India.
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Wipro share price gains 2% on multi-year cyber governance contract from Tokyo#39;s Olympus
For this transformation, Wipro said it would leverage its SHINRAI delivery framework, which is designed specifically for engagements in Japan.
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IPO meter: Only 7 out of 15 stocks listed with double-digit gains this year
However, Sterling and Wilson Solar, Spandana Sphoorty Financial and MSTC were the worst performers on debut day, showing a loss of 10.3 percent, 3.7 percent and 7.5 percent on opening.
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Premier Explosives share price zooms 17% after get nod for Telangana unit
The share price touched an intraday high of Rs 158.50 and an intraday low of Rs 135.
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Infosys says not aware of additional lawsuits, share price rises
Media reports on December 12 said a US-based law firm had announced a class-action lawsuit against the Indian IT major, accusing it of marking false and misleading statements to investors.
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BoB shares climb over 3% after share purchase agreement with Ansa Merchant Bank
Bank of Baroda (BoB) TrinidadTobago started its operations in October 2007 as a wholly-owned overseas subsidiary.
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D-Street Buzz: PSU Bank, metal stocks shine led by SBI, Vedanta; Tata Motors up 3%, pharma drags
About 1305 shares have advanced, 714 shares declined, and 127 shares are unchanged.
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MC Technicals
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Technical View: Nifty forms bullish candle, new highs in sight
Technical View: Nifty forms bullish candle, new highs in sight
Mazhar Mohammad advises traders to book profits in the next session and wait for dip towards the gap zone of 12,023â12,005 levels to initiate fresh longs.
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Technical View: Nifty forms bullish candle, a close above 13-day EMA points to positive trend ahead
Technical View: Nifty forms bullish candle, a close above 13-day EMA points to positive trend ahead
Traders should make use of dips to create fresh longs with a stop below 11,920 on a closing basis and look for a target of 12,080, Mazhar Mohammad says.
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Technical View: Nifty forms bullish candle, lower volatility could boost buying
Technical View: Nifty forms bullish candle, lower volatility could boost buying
Positional traders can make use of any dip in next session between 11,890 and 11,870 levels to create fresh long positions
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Technical View: Nifty forms bearish candle, may test 50-day SMA if selling pressure continues
Technical View: Nifty forms bearish candle, may test 50-day SMA if selling pressure continues
Intraday traders should look to short below 11,850 for a target of 11,790, with a stop above intraday high, says Mazhar Mohammad.
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Technical View: Nifty forms Doji pattern, negative market breadth suggests selling pressure
Technical View: Nifty forms Doji pattern, negative market breadth suggests selling pressure
Positional traders can continue with their short positions for a target of 11,740, intraday traders can consider fresh shorting if the index trades below 11,888 for at least 30 minutes in the next session, says Mazhar Mohammad.
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#39;Bullish sentiments for Nifty, Bank Nifty in medium to long term#39;
#39;Bullish sentiments for Nifty, Bank Nifty in medium to long term#39;
The Nifty and the Bank Nifty continue to remain in an uptrend in the medium term, so buying on dips continues to be our preferred strategy.
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RSI pullback in SBI suggests buying opportunity
RSI pullback in SBI suggests buying opportunity
Currently the SBIN is going through this setup and we expect higher price movement towards previous high Rs 350-360 levels in coming days.
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#39;Nifty may move towards 12,200 in coming days; bet on these 3 stocks for double-digit returns#39;
#39;Nifty may move towards 12,200 in coming days; bet on these 3 stocks for double-digit returns#39;
For regaining strength, Nifty has to hold above 11,900-11,850 zones from where it can show pullback rally towards 12,150 and 12,300 levels on upside.
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Construct #39;covered call in Ujjivan Financial#39; for getting benefit of USFB IPO listing in coming week
Construct #39;covered call in Ujjivan Financial#39; for getting benefit of USFB IPO listing in coming week
The strategy would enable the traders to take advantage of expected up-move with limited risk.
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Time to hedge positions; Kotak Bank, Infosys among 5 stocks that may see upside
Time to hedge positions; Kotak Bank, Infosys among 5 stocks that may see upside
Immediate hurdle is placed at 12,050 then life time high at 12,158 levels.
MC Business News
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Exports contract marginally to $25.98 bn in November
Exports contract marginally to $25.98 bn in November
The exports in November last year were $26.07 billion, while the import bill stood at $43.66 billion.
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NCL aims coal production of 115 MT by FY24, to stop road evacuation
NCL aims coal production of 115 MT by FY24, to stop road evacuation
The Coal India subsidiary with the highest growth of 9 per cent transports 17 million tonnes of coal per annum by trucks.
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Corp Affairs Ministry reviews ILFS resolution progress
Corp Affairs Ministry reviews ILFS resolution progress
After the crisis at diversified ILFS came to light last year, the ministry had superseded its board and since then various measures have been taken to address the issues as well as repay outstanding dues of the group.
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Moneycontrol Ultimate Business Quiz #76: Test your knowledge
Moneycontrol Ultimate Business Quiz #76: Test your knowledge
Take a shot at the Moneycontrol Ultimate Business Quiz. Check how many you get right.
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AU Small Fin Bank raises Rs 525 cr from Temasek arm Camas Investments Pte
AU Small Fin Bank raises Rs 525 cr from Temasek arm Camas Investments Pte
Temasek has invested the money through the conversion of its 1.01 crore warrants.
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Buzz everywhere, other than in my office: FM Nirmala Sitharaman on GST rate increase reports
Buzz everywhere, other than in my office: FM Nirmala Sitharaman on GST rate increase reports
Sitharaman addressed a press conference to enumerate on measures introduced during the Parliament#39;s winter session and progress on the economic steps taken so far
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Rupee pares gains to close flat at 70.83 against USD on crude price surge
Rupee pares gains to close flat at 70.83 against USD on crude price surge
The rupee opened strong at 70.54 and surged further by 33 paise to touch the day#39;s high of 70.50 to the US dollar, mirroring sharp gains in the stock markets.
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RIL arm acquires 51.78% stake in Asteria Aerospace for Rs 23.12 cr
RIL arm acquires 51.78% stake in Asteria Aerospace for Rs 23.12 cr
The investment will further enable the group#39;s initiatives in emerging technology, it added.
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Oil hits three-month high as trade hopes, UK election lift sentiment
Oil hits three-month high as trade hopes, UK election lift sentiment
US sources said on December 13 that Washington has set its terms for a trade deal with Beijing, offering to suspend some tariffs on goods and cut others in exchange for Chinese purchases of more American farm goods.
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I-T Dept issues tax refunds of Rs 1.57 lakh cr till November: Revenue Secy
I-T Dept issues tax refunds of Rs 1.57 lakh cr till November: Revenue Secy
At a press conference called to disclose impact of steps taken to boost consumption in the economy so as to uplift growth from a six-year low, Pandey said tax refund cases have gone up by 17 per cent to 2.16[…]
MC Brokerage Recos
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Buy KEC International target of Rs 350: Sharekhan
Buy KEC International target of Rs 350: Sharekhan
Sharekhan bullish on KEC International has recommended buy rating on the stock with a target price of Rs 350 in its research report dated December 12, 2019.
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Hold HDFC Life Insurance Company; target of Rs 605: Prabhudas Lilladher
Hold HDFC Life Insurance Company; target of Rs 605: Prabhudas Lilladher
Prabhudas Lilladher recommended Hold rating on HDFC Life Insurance Company with a target price of Rs 605 in its research report dated December 12, 2019.
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Accumulate Larsen and Toubro Infotech; target of Rs 1825: Prabhudas Lilladher
Accumulate Larsen and Toubro Infotech; target of Rs 1825: Prabhudas Lilladher
Prabhudas Lilladher recommended accumulate rating on Larsen and Toubro Infotech with a target price of Rs 1825 in its research report dated December 12, 2019.
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These battery stocks are good for a long-term charge
These battery stocks are good for a long-term charge
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Buy UltraTech Cement target of Rs 5000: Sharekhan
Buy UltraTech Cement target of Rs 5000: Sharekhan
Sharekhan is bullish on UltraTech Cement has recommended buy rating on the stock with a target price of Rs 5000 in its research report dated December 11, 2019.
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Hold Bajaj Auto target of Rs 3400: Sharekhan
Hold Bajaj Auto target of Rs 3400: Sharekhan
Sharekhan recommended Hold rating on Bajaj Auto with a target price of Rs 3400 in its research report dated December 10, 2019.
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Hold Maruti Suzuki target of Rs 7500: Sharekhan
Hold Maruti Suzuki target of Rs 7500: Sharekhan
Sharekhan recommended Hold rating on Maruti Suzuki with a target price of Rs 7500 in its research report dated December 11, 2019.
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Lower raw material prices helped these two oleochemical makers in Q2. Will the advantage sustain?
Lower raw material prices helped these two oleochemical makers in Q2. Will the advantage sustain?
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Ideas for Profit | Relaxo: Walking the talk through strong earnings visibility
Ideas for Profit | Relaxo: Walking the talk through strong earnings visibility
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Hyderabad Industries: Roofing market leader trading at a discount
Hyderabad Industries: Roofing market leader trading at a discount
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