Gold Silver Reports (GSR) – Ramco Cements Gains On CLSA Upgrade — Shares of the Chennai-based cement maker rose as much as 3.3 percent to Rs 765 after CLSA upgraded the stock to ‘buy’ from ‘sell’ and raised its target price to Rs 700.
PNC Infratech Rises After Emerging As Lowest Bidder For Highway Project
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.
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.