Board Meetings Today: Mastek, Infibeam, TeamLease, Ramco Systems and Maruti Suzuki
TeamLease Services, Central Bank of India and Wonderla Holidays are some of the companies which will report their December quarter earnings.
Sell Jindal Steel & Power, price target Rs 160: Arun Kumar
The analyst suggested a stoploss at Rs 188.
Buy Cipla, price target Rs 495: Arun Kumar
The analyst suggested a stoploss at Rs 454 .
Buy Indraprastha Gas, price target Rs 515: CK Narayan
The analyst suggested a stoploss at Rs 497 .
Buy HDFC Bank, price target Rs 1,250: Kunal Bothra
The analyst suggested a stoploss at Rs 1150 .
Buy Eicher Motors, price target Rs 21,800 : Kunal Bothra
The analyst suggested a stoploss at Rs 20750 .
HDFC Securities downgrades Zensar Technologies to neutral, target price Rs 177
The brokerage downgraded the stock following disappointing third quarter results, growth challenges and weak execution.
Siemens downgraded to neutral, target price Rs 1,705: Analyst
Siemens stock has been an outperformer and currently trades at FY20/FY21 (September ending) P/E of 41 times/36 times, providing limited upside.
Stocks in the news: Maruti Suzuki, Aptech, Wockhardt, HDFC, DHFL and Infibeam
TeamLease Services, Mastek and Tata Coffee are some of the companies which will report Q3 results today.
Sell Shriram Transport Finance Company, price target Rs 1,050: CK Narayan
The analyst suggested a stoploss at Rs 1100 .
IDBI Capital maintains buy on APL Apollo Tubes, raises target price to Rs 2,486
The brokerage continues to believe the worst phase of profitability is complete for APL as steel prices have recovered slightly.
Morgan Stanley has equalweight on Bajaj Auto, target price Rs 3,039
The 250cc plus segment needs strong aspirational brands,and now with Triumph, Bajaj could again target the segment.
Maruti Suzuki hikes prices of select models by up to 4.7%
The price change varies across models and ranges up to 4.7 per cent (ex-showroom Delhi) and are effective from January, 27 2020, MSI said in a statement. The price of entry level model Alto range has gone up in the range of Rs 9,000-6,000, S-Presso between Rs 1,500 to 8,000, WagonR between Rs 1,500 and Rs 4,000.
Cotton prices on track for worst week in 4 months
Cotton contracts for March fell 0.55 cent, or 0.79 per cent, to 69.48 cents per lb.
Hopes are high for tech stock ‘Cadillacs’; So are their prices
Analysts also see the group reporting faster revenue growth than the broader S&P 500 for the December quarter and faster earnings growth in some cases.
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