Adjusting for lower revenue growth due to currency headwinds, analysts' earnings estimates, target prices still show upside
Of the top 10 sell calls, eight stocks have ended the trade in October with gains.
They have been restrained from associating themselves with any listed public co from date of order till the expiry of 4 yrs from date of completion of refunds to investors
Anil Ambani-led Reliance Communications, which plans to shut mobile telephony business by November-end, yesterday said lenders will convert part of their debt to equity to gain 51% control of company
All that happened in the market today
The stock moved higher by 3% to Rs 442, bouncing back 5% from its early morning low of Rs 419 on the BSE.
Network18 Media & Investments, Reliance Communications and GVK Power & Infrastructure have rallied up to 16% on the BSE in intra-day trade on back of heavy volumes
The stock hit a record high of Rs 193, up 10% on the BSE in intra-day trade, on back of heavy volumes.
If the earnings do not pick up in the third or the fourth quarter, it will be a negative for the markets, Shah added
The stock was up 5% to Rs 508 on the BSE on back of heavy volumes.
Infosys was trading 2% lower at Rs 927 on the BSE as compared to 0.21% decline in the S&P BSE Sensex and 0.48% fall in the sector index S&P BSE Information Technology at 10:47 AM.
The S&P BSE Smallcap index hit a new high of 17,625, surging 9% thus far in the current month, is set to post its biggest monthly gain in past 19 months.
Shriram City Union Finance rallied 4.5% to Rs 2,284, while Shriram Transport Finance trading 1% lower at Rs 1,169 after hitting a 52-week high of Rs 1,200 in early morning deal
Nifty outlook and few trading ideas by Vaishali Parekh of Prabhudas Lilladher
To make the Aadhaar citizen identification mandatory for investment
Saudi Arabian Crown Prince Mohammed bin Salman last week backed extending production cuts by the Opec
Nifty, Bank Nifty, ITC, Ambuja Cements, HDFC Bank
Reits are like mutual funds, units of which can be traded on exchanges
Nifty Bank had been less bullish than the overall market until the bank recap plan was unveiled
The need for change has been felt at the highest level