“Assuming 10-15% market share and price discount of 25-30%, gSeretide could be a USD25-35m annual sales opportunity for Cipla,” said HSBC.
Oil India’s stock is factoring in the upside from upmove in crude oil prices post OPEC's decision to cut Production, whereas the risk to disciplined implementation of the same still remains, said Antique in a note on Friday.
The brokerage firm said Nifty index futures open interest has been falling continuously and the current open interest of 1.8 crore shares is significantly low.
According to Anand Rathi, the stock is trading at 18 times on estimated FY18 earnings and at 16.8 times based on estimated FY19 earnings.
The brokerage has maintained a ‘buy’ rating on the stock with a target price of Rs 797. The target price implies an upside of 27.8% from current levels.
The deal boosted sentiment in other Anil Dhirubhai Ambani Group stocks as well, with Reliance Capital, Reliance Infrastructure and Reliance Power gaining up to 2-3% intraday.
Maharashtra government will form a special investigation team to look into complaints of irregularities and violations of RBI guidelines by MFIs.
A host of quality midcap stocks have been bought into by foreign portfolio investors (FPIs) since November 8. ET collated a list of 10 such stocks -
The Fed rate was on expected lines. There may be two more hikes in 2017 and possibly four more in 2018 as Trump is likely to inject fiscal stimulus in US.
Analyst who ET spoke to said the management expressed confidence that an escalation would not happen.
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