Bank of America Merrill Lynch upgraded Maruti Suzuki India's stock to 'buy' from 'neutral' and raised the target to Rs 8,650 from Rs 7,450 per share
The stock of the lender saw a stellar listing at the bourses on December 12, 2019. Issued at a price of Rs 37, the shares got listed at Rs 58 apiece on the BSE, a 57% premium against the issue price
Last month, the Securities Appellate Tribunal (SAT) had dismissed an appeal against an order passed by the Sebi, directing the promoters to revise the open offer price upwards
Here's a look at the top stocks that may remain in focus today
The benchmark S&P BSE Sensex gained an impressive 13.7 per cent during the period, while NSE's Nifty added 11.2 per cent.
Yesterday, Moody's lowered India's FY20 GDP forecast to 4.9 per cent from 5.8 per cent, citing weak household consumption
Trading calls by Jay Anand Thakkar, CMT -Assistant Vice President - Equity Research, Anand Rathi Shares and Stock Brokers
The bank added that the board had approved the issuance of these bonds in October
It said the NCDs will bear current interest rate of 11.75% per annum
ITC, Nifty, Indian Oil, Tech Mahindra
Tyagi said in the pre-IBC era, India lacked an efficient mechanism for the closure of unviable firms
Halol plant observations add to worries on the extent of upsides from specialty drugs
Competition may also disrupt profitability
Loan and deposit accretion may slow down the current operating environment
S&P Global Platts sees India's oil demand growing by 170,000 b/d next year as economic growth is expected to pick up, says Hickin
Their complaint stated about 45,000 investors had been affected by the alleged fraud
Fund managers don't want to get caught in value-traps, say experts
It noted that in the neighbouring country of Bangladesh, too, the online sales a mere 0.7 percent of total retail sales, while that in China is 15 percent and around 14 percent globally
In September, the regulator broad-based the classification for FPIs and simplified their registration process
FPI limit hike will be implemented from April 1, 2020