Category: News

According to ICICI Direct, The share price has resolved out of past four months healthy base formation (Rs 300-400), which was formed near lower band of past seven years rising channel, indicating acceleration of upward momentum. Strategy Buy Oberoi Realty in the range of Rs 400.00–418.00 for target price of Rs 485.00 with a stop […]

ICICI Securities is bullish on Brigade Enterprises recommended buy rating on the stock with a target price of Rs 272 in its research report dated September 16, 2020. ICICI Securities research report on Brigade Enterprises FY20 was Brigade Enterprises’ (BRGD) best year with strong performance across residential, leasing and hospitality segments. While COVID-19 has impacted operations […]

Dolat Capital recommended accumulate rating on JB Chemicals and Pharmaceuticals with a target price of Rs 1130 in its research report dated September 16, 2020. JBCPL reported a strong Q1, led by 8.6% YoY growth in domestic formulations (11% QoQ despite a high base) vs IPM de-growth of 5%. The sharp growth was driven by […]

Motilal Oswal recommended Neutral rating on SAIL with a target price of Rs 42 in its research report dated September 16, 2020. SAIL’s 1QFY21 result was weak, as expected, with EBITDA loss of ~INR4.0b posted due to weak domestic demand and prices. The outlook, however, has improved, with both demand and pricing recovering in the […]

Ahluwalia ContractsWe root for PE expansion towards pre-COVID levels. Ahluwalia Contracts with the robust order book, strong corporate governance, superior ROE profile, and near net cash status may see re-rating in the near to mid-term. Ashoka Buildcon HDFC Securities is of the view that ACL monetisation is critical for PE rating. For now, the target […]