Buy Reliance Industries with target of Rs 970: Mazhar Mohammad
Mazhar Mohammad Albeit Reliance Industries has underperformed in the recent past, it appears to have formed a decent base around Rs 900 levels from the cushion of which it …
Category: Shares
Buy BPCL, target Rs 430-437: Rajesh Palviya
Rajesh Palviya BPCL has given a downward sloping trendline breakout at Rs 400 which was also the immediate acting resistance in the stock and went on to make a …
Lupin stock rises 2% on launch of drug that prevents postpartum hemorrhage
Lupin share price rallied 2 percent intraday Monday after the launch of drug that prevents postpartum hemorrhage, in the US. The pharma major announced the launch of its generic …
Hold Somany Ceramics; target of Rs 600: ICICI Direct
ICICI Direct’s research report on Somany Ceramics Somany Ceramics’ (Somany) sales volumes grew 2.3% YoY to 15.9 MSM (our estimate: 15.2 MSM) given the high base Somany reported a …
Hold Page Industries; target of Rs 25550: ICICI Direct
ICICI Direct’s research report on Page Industries Revenues for Q4FY18 grew 22% YoY to Rs 608.4 crore (I-direct estimate: Rs 588.8 crore). The revenue beat was mainly driven by …
Hold Sun Pharmaceuticals; target of Rs 510: ICICI Direct
ICICI Direct’s research report on Sun Pharmaceuticals Revenues declined 2.2% YoY to Rs 6977 crore (I-direct estimate: Rs 6719 crore) mainly due to 7% YoY decline in the US …
Hold Tech Mahindra; target of Rs 735: ICICI Direct
ICICI Direct’s research report on Tech Mahindra US$ revenues grew 2.9% QoQ to $1244.3 million, broadly in line with our expectation of 2.5% growth and $1,239 million estimate Rupee …
Hold Pidilite Industries; target of Rs 1045: ICICI Direct
ICICI Direct’s research report on Pidilite Industries Standalone sales grew 14.5% YoY led by sales volume & mix growth of ~13% YoY. Both consumer & bazaar (C&B) and industrial …
Buy Wonderla Holidays; target of Rs 415: ICICI Direct
ICICI Direct’s research report on Wonderla Holidays Wonderla Holidays’ results were below our estimates. Revenues declined 7.5% YoY to Rs 54.9 crore (vs. I-direct estimate: Rs 66.5 crore) mainly …
Buy Kalpataru Power; target of Rs 600: ICICI Direct
ICICI Direct’s research report on Kalpataru Power Kalpataru Power (KPTL) reported better-than-expected Q4FY18 results. Revenues came in at Rs 1931.4 crore, up 29.1% YoY, above our estimate of Rs …
Buy Indian Hotels; target of Rs 160: ICICI Direct
ICICI Direct’s research report on Indian Hotels Indian Hotels reported a good set of Q4FY18 numbers. The results were above our estimates on all front Consolidated revenues increased 8.7% …
Buy Gail (India); target of Rs 375: ICICI Direct
ICICI Direct’s research report on Gail (India) Gail India reported a mixed set of Q4FY18 numbers. While natural gas transmission and LPG/LLH segments were broadly as per our estimates, …
Buy TeamLease Services; target of Rs 3120: ICICI Direct
ICICI Direct’s research report on TeamLease Services Revenues grew 6.5% QoQ to Rs 977.5 crore, above our 5.1% growth estimate of Rs 965.3 crore estimate. Revenues from general staffing …
Buy KPIT Technologies with a target of Rs 303: Dinesh Rohira
Dinesh Rohira KPIT Technologies continued to trade on positive trajectory throughout the week despite a weak market breath and managed to breakout from crucial moving average level placed at …
Dilip Buildcon rises 3% on LoA from NHAI worth Rs 1,314 cr
Share price of Dilip Buildcon rose 3.6 percent intraday Monday as company received letter of award from National Highways Authority of India (NHAI) for a project in the state …
Market Still In Positive Trend, Continue Long Until Nifty Holds Above 10618
Last Trading Session: Indian Stock Market opened flat exactly as predicted by EquityPandit. EquityPandit predicted Indian Stock Market would see some profit booking after a sharp positive rally that …
Buy Tata Motors, target Rs 495; expect JLR volumes to increase by 9% in 2018-19: Nomura
Nomura has maintained buy rating on Tata Motors with a price target of Rs 495 per share. The company’s JLR US retail sales was better than expected at 17 …
SAIL gains over 2% after Citi upgrades rating to buy; raises target by 66%
Steel Authority of India’s shares rose over 2 percent in the morning trade as investors cheered a ratings upgrade on the stock. Global research firm Citi has upgraded the …