Gold Silver Reports (GSR) – PNC Infratech Rises After Emerging As Lowest Bidder For Highway Project — Shares of the Agra-based road construction company rose as much as 4 percent to Rs 160.10 after it emerged as the lowest bidder for and NHAI project for four laning of 45 km section between Aligarh-Kanpur.
Neal Bhai
Thermax Gains After Winning Orders Worth Rs 500 Crore
Gold Silver Reports (GSR) – Thermax Gains After Winning Orders Worth Rs 500 Crore — Shares of the Pune-based electrical power equipment maker rose as much as …
GMR Infra Gains After Brokerage Initiates Coverage
Gold Silver Reports (GSR) – GMR Infra Gains After Brokerage Initiates Coverage — Shares of the Bangalore-based infrastructure company rose as much as 2.8 percent to Rs 18.10 after IDBI Capital initiated coverage on the stock with a ‘buy’ for target price of Rs 32, implying a potential upside of 78 percent from its Friday’s closing price.
Indian Equity Edged higher led by Vedanta, Mahindra & Mahindra, Bharti Airtel and Sun Pharma
Indian Equity Edged higher led by Vedanta, Mahindra & Mahindra, Bharti Airtel and Sun Pharma. — Indian equity benchmarks edged higher led by Vedanta, Mahindra & Mahindra, Bharti Airtel and Sun Pharma. However, the gains were capped as oil marketing companies — Indian Oil, Hindustan Petroleum and Bharat Petroleum were among the losers.
Brokerage Radar – IDBI Capital on GMR Infrastructure
IDBI Capital on GMR Infrastructure
✅ Initiated ‘Buy’ with price target of Rs 32; implying a potential upside of 78 percent from the last regular trade.
✅ GMR Infra stands as a testament to world-class conglomerate.
✅ With stake sale in energy, days are brighter ahead.
✅ Divestment of roads is a matter of time.
India rupee is likely to open weak as the country’s current account deficit widened last quarter
Gold Silver Reports (GSR) – India rupee is likely to open weak as the country’s current account deficit widened last quarter. The current account gap was $13 billion in October-December quarter or 2 percent of GDP.
Stocks To Watch Out For In Monday’s Trade
Stocks For Monday
💗 SBI sold, ICICI Bank bought 4.4 percent equity in Clearing Corporation for Rs 143 crore
💗 Videocon Industries clarified that it is evaluating process to sell stake in Brazil oil block.
💗 Zee Entertainment calls off deal to acquire 100 percent equity stake in 9X entities.