Moneycontrol Buzzing Stocks
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Radico Khaitan jumps 6% after Emkay says stock undervalued, can return 79%
Company continues to focus on debt reduction and free cash flow generation, and expects to be a net-cash company in the next 18 months, Emkay said
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Edelweiss Financial gains after ICRA reaffirms credit rating for commercial paper, NCDs
The rating of A1indicates very strong degree of safety regarding timely payment of financial obligations
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DHFL plunges 9% on Rs 255 cr commercial papers default
The company paid only 40 percent of the total amount of Rs 375 crore that was due on June 25.
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D-Street Buzz: Pharma stocks advance led by Sun Pharma; ICICI Bank hits new high
The top gainers from the NSE include Sun Pharma, Power Grid, NTPC, Adani Ports and ONGC while the top losers are Indiabulls Housing Finance, BPCL, Britannia Industries, Tata Steel and Vedanta.
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TVS Motor falls after Citi cuts price target, earnings estimates
Citi reduced price target to Rs 430 from Rs 455 earlier, implying nearly 2 percent potential downside from current levels
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IFCI shares rally 9% on approval of detailed corporate business plan
IFCI has prepared a detailed corporate business plan based on the prevailing economic, banking and finance conditions and status
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SpiceJet gains 5% on plans to launch 8 new international flights
The airline will use its 168-seater Boeing 737-800 aircraft on all these routes.
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NTPC climbs 2% on bagging 40MW of solar projects from UPNEDA
The company said these projects will be set up under EPC mode and will add to the installed capacity of NTPC
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SBI Life Insurance hits 52-week high as Deutsche Bank maintains buy, target Rs 830
Deutsche Bank expects VoNB margin to expand by 100 bps in FY20.
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Axis Bank gains after Macquarie upgrades, hikes target price by 22%
Macquarie increased its target price to Rs 925 from Rs 760 to factor in capital raise and higher valuation multiple on lower credit costs
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MC Technicals
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Technical View: Nifty forms Bullish Engulfing pattern; 12K possible if index breaks 11,843
Technical View: Nifty forms Bullish Engulfing pattern; 12K possible if index breaks 11,843
For time being, Mazhar Mohammad advised traders to create fresh longs in index only on a breakout above 11,843
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#39;Use know-loss strategies to avoid placing stop losses for medium-term trades#39;
#39;Use know-loss strategies to avoid placing stop losses for medium-term trades#39;
Money management requires having to know the potential to win and more importantly the maximum capital which is at risk at all times
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#39;Welspun Corp and Apollo Tyres are among 5 short-term buy ideas#39;
#39;Welspun Corp and Apollo Tyres are among 5 short-term buy ideas#39;
A decisive trade above 11,840 will confirm short term trend reversal and Nifty can extend its move towards 11,980-12,070
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Technical View: Nifty forms spinning top pattern; breach of 11,625 can intensify sell-off
Technical View: Nifty forms spinning top pattern; breach of 11,625 can intensify sell-off
Mazhar Mohammad said as market appears to be directionless, traders for time being are advised to remain neutral on the indices.
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Podcast | Stock picks of the day: Here is why Concor, NMDC and ICICI Bank are Axis#39; top buys
Podcast | Stock picks of the day: Here is why Concor, NMDC and ICICI Bank are Axis#39; top buys
Nifty remains in an uptrend in the medium term, so buying on dips continues to be our preferred strategy
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Learn classic chart patterns to take intermediate-to-longer term view of market
Learn classic chart patterns to take intermediate-to-longer term view of market
A double top is a chart pattern which is characterised by two consecutive peaks in price that signals a potential bearish reversal of an uptrend
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The dichotomy of metal stocks and precious metal â gold
The dichotomy of metal stocks and precious metal â gold
Nifty Metal index made a top around 4,200 level and fell towards 2,650 level in February 2019; correcting more than 35 percent from the top.
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#39;Nifty needs to surpass 11,761 for strong rally; positive move seen in these 10 largecaps#39;
#39;Nifty needs to surpass 11,761 for strong rally; positive move seen in these 10 largecaps#39;
Nifty has to cross and hold above 11,761 zone to extend its move towards 11,850 then 11,929 zones
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Technical Classroom: How to use Heikin-Ashi candlestick for trading
Technical Classroom: How to use Heikin-Ashi candlestick for trading
Heikin Ashi charts can be used in the same fashion as any other chart, for finding chart patterns like triangles and wedges, or trade setups.
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Technical View: Nifty forms Bearish Belt Hold, be positive as long as index holds 11,635
Technical View: Nifty forms Bearish Belt Hold, be positive as long as index holds 11,635
According to Mazhar Mohammad, initial hurdle on the upside can be 11,843 levels and once that is cleared the next logical target for this upswing is placed around 11,925 levels.
MC Business News
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Reliance Infra bags Rs 7,000 crore Versova-Bandra Sea Link project in Mumbai
Reliance Infra bags Rs 7,000 crore Versova-Bandra Sea Link project in Mumbai
The company said Versova-Bandra Sea Link would cut down commute time of Mumbaikars from over 90 minutes to 10 minutes.
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Ducon inks pact with SterlingWilson to bid for large FGD projects in India
Ducon inks pact with SterlingWilson to bid for large FGD projects in India
SterlingWilson is an engineering, procurement and construction (EPC) company in the area of renewable energy, construction, and transmission and distribution.
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A South-based cement player with exciting growth prospects
A South-based cement player with exciting growth prospects
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India#39;s gold demand could fall to three-year low as prices hit record high
India#39;s gold demand could fall to three-year low as prices hit record high
Lower purchases by India, the world#39;s second biggest consumer after China, could limit a rally in global prices that hit a 6-year high earlier this week.
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Data storage rules out of contentious e-commerce policy
Data storage rules out of contentious e-commerce policy
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MobKwik offers mini insurance, launches âshampoo-sachetâ health plan with Max Bupa
MobKwik offers mini insurance, launches âshampoo-sachetâ health plan with Max Bupa
The payments platform is also looking to apply for a corporate agent licence with the insurance regulator
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Godrej Properties aims to raise Rs 2,100cr via QIP
Godrej Properties aims to raise Rs 2,100cr via QIP
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Ideas for Profit | DCB Bank: Slow but steady performer, buy on dips
Ideas for Profit | DCB Bank: Slow but steady performer, buy on dips
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Nestle introduces Asian flavour inspired noodles under Maggi brand
Nestle introduces Asian flavour inspired noodles under Maggi brand
"This unique range has been specially crafted for our loving consumers. With this range consumers will be able to experience, the thrill of tasting flavours from all over Asia with the simplicity, trust and convenience that MAGGI brings in our[…]
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Adani Power to acquire GMR Chhattisgarh Energy
Adani Power to acquire GMR Chhattisgarh Energy
The consortium of lenders, led by Axis Bank, to GMR Chhattisgarh Energy Ltd (GCEL), has issued a Letter of Intent dated June 24, 2019, approving Adani Power#39;s (APL) resolution plan to acquire controlling equity stake and restructure debt in GCEL,[…]
MC Brokerage Recos
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Hold Wabco India; target of Rs 6510: ICICI Direct
Hold Wabco India; target of Rs 6510: ICICI Direct
ICICI Direct recommended hold rating on Wabco India with a target price of Rs 6510 in its research report dated May 27, 2019.
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Hold Symphony; target of Rs 1110: ICICI Direct
Hold Symphony; target of Rs 1110: ICICI Direct
ICICI Direct recommended hold rating on Symphony with a target price of Rs 1110 in its research report dated May 24, 2019.
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Hold Ashok Leyland; target of Rs 100: ICICI Direct
Hold Ashok Leyland; target of Rs 100: ICICI Direct
ICICI Direct recommended hold rating on Ashok Leyland with a target price of Rs 100 in its research report dated May 27, 2019.
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Hold Indraprastha Gas; target of Rs 350: ICICI Direct
Hold Indraprastha Gas; target of Rs 350: ICICI Direct
ICICI Direct recommended hold rating on Indraprastha Gas with a target price of Rs 350 in its research report dated May 27, 2019.
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Hold Page Industries; target of Rs 19000: ICICI Direct
Hold Page Industries; target of Rs 19000: ICICI Direct
ICICI Direct recommended hold rating on Page Industries with a target price of Rs 19000 in its research report dated May 27, 2019.
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Hold Bajaj Electricals; target of Rs 525: ICICI Direct
Hold Bajaj Electricals; target of Rs 525: ICICI Direct
ICICI Direct recommended hold rating on Bajaj Electricals with a target price of Rs 525 in its research report dated May 23, 2019.
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Hold Sun TV Network; target of Rs 580: ICICI Direct
Hold Sun TV Network; target of Rs 580: ICICI Direct
ICICI Direct recommended hold rating on Sun TV Network with a target price of Rs 580 in its research report dated May 24, 2019.
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Hold Hindustan Petroleum Corporation; target of Rs 300: ICICI Direct
Hold Hindustan Petroleum Corporation; target of Rs 300: ICICI Direct
ICICI Direct recommended hold rating on Hindustan Petroleum Corporation with a target price of Rs 300 in its research report dated May 22, 2019.
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Hold Tech Mahindra; target of Rs 845: ICICI Direct
Hold Tech Mahindra; target of Rs 845: ICICI Direct
ICICI Direct recommended hold rating on Tech Mahindra with a target price of Rs 845 in its research report dated May 22, 2019.
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Hold Bharat Petroleum Corporation; target of Rs 375: ICICI Direct
Hold Bharat Petroleum Corporation; target of Rs 375: ICICI Direct
ICICI Direct recommended hold rating on Bharat Petroleum Corporation with a target price of Rs 375 in its research report dated May 21, 2019.
