Shares of V-Mart ended up 7.7% at Rs 720.45 on the BSE on Thursday. The stock has outperformed the BSE Smallcap index, which gained a little over 5% in the last one month.
Emerging markets have lost some sheen since his victory, with MSCI EM index up just 4.4% compared to the MSCI Developed Market Index's rise of 8.4%.
However, Citi raised target price on Bharti Airtel to Rs 380 from Rs 365 as it rolled forward the target to FY18 from September 2017.
Management sticking to the office (DCCDL) stake sale timeline is also encouraging though with a very weak core, the same is now a necessity
The primary market in 2017 will be better than last year with the average issue size getting bigger, said S Ramesh, MD, Kotak Investment Banking
Posting its biggest one-day fall in three months, the stock ended down 4.6% at Rs 482.05 on the NSE and lost Rs 5,370-crore in market capitalisation.
New management and improved earnings over the last two quarters after long spell of flat or shrinking profit growth are prompting fresh investor interest.
A dividend is a return given by a company to its shareholders out of profits made by it during a particular year. They are usually given in proportion to the number of shares owned.
Creation of NPLs has peaked but some more bad loans have to be recognised, said the president, institutional & investment banking, Kotak Mahindra Bank.
Indian markets have bounced back strongly from post-demonetisation lows, but they are merely playing catch-up after underperforming EMs in the last two months of 2016.
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