The Business Standard's Smart Investor (SI) reports focus on in-depth analysis and timely news concerning strategic investment trends, business deals, and financial manoeuvres within the corporate world.
The Business Standard's Smart Investor (SI) reports focus on in-depth analysis and timely news concerning strategic investment trends, business deals, and financial manoeuvres within the corporate world.
CLSA has upgraded the stock to buy from sell rating with a target price of Rs 215.
The committee approved to raise up to Rs 263 crore by issuing Cumulative Compulsorily Redeemable Preference Shares on private placement basis.
Main gainers on the Sensex are Hindalco, Maruti Suzuki, Coal India, ONGC and Sesa Sterlite
Indian Oil, BPCL and HPCL are up 1-3% on the Bombay Stock Exchange.
The markets are likely to open on a positive note tracking firm global cues. The decline in the crude oil prices is expected to boost the market sentiment.
The broader markets outperformed the benchmark indices with BSE Midcap and Smallcap indices up 1.6% and 1.5%, each
Pratima Kirloskar has bought an additional 13,375 shares of Kirloskar Brothers from open market.
Since June 18, the stock has fallen 15% from Rs 2,806 to Rs 2,381, after a closure of Diageo's open offer.
Markets were trading over 1% higher in noon trades led by financials and capital goods shares
On June 27, Citigroup Global Markets Mauritius bought 4 million shares of HDIL at Rs 94.05 a share on the NSE.
Allahabad Bank, Oriental Bank, Canara Bank, BOI, Union Bank and Syndicate Bank have surged over 5% each on NSE.
The market breadth in BSE remains healthy with 1,829 shares advancing and 721 shares declining
The stock hit a fresh 52-week high of Rs 515 today, rallied over 8% in past two trading sessions on the BSE.
Last week, Morgan Stanley upgraded the stock from equal-weight to overweight and raised the target price to Rs 400.
Financials, L&T and ITC among the top gainers
In June, the stock has rallied 21% compared to about 5% gain in CNX Nifty.
BPCL, HPCL, Indian Oil and ONGC are up 2-3% on the Bombay Stock Exchange.
On June 24, 2014 HDFC Mutual Fund bought 483,389 shares representing 2% stake of Greenply Industries via open market.
The broader markets, BSE Midcap and BSE Smallcap are in line with their larger counterparts and are up by 0.06% and 0.3%, each
On June 25, 2014 the board approved stock split in the ratio of 5:1.