Hero MotoCorp Ltd.’s profit rose for the second straight quarter beating estimates as demand recovered in the festive sale season on preference for personal mobility during the pandemic.
Stock Recommendations
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Analyst Recommendations On State Bank Of India
Analyst Recommendations On State Bank Of India
- Maintains ‘buy’ rating; raises price target to Rs 560 apiece from Rs 385.
- Strong NII provision; large buffer built for employee provisioning.
- Asset quality is delivering better outcomes versus even private banks.
- Revises earnings estimates higher by 15-26% and expects RoEs of 14% by FY23.
- Expects material re-rating beyond 1x book.
- Still remains a deep value opportunity and current re-rating should continue.
Stocks To Watch: Britannia, Hero MotoCorp, IRFC, M&M, Pfizer, PNB, Tata Power
Stocks To Watch : Indian equities reversed losses on the weekly options expiry session to end higher for the fourth straight day, scaling new highs in the process. The S&P BSE Sensex ended 0.7% higher at 50,614 while the NSE Nifty 50 index gained a similar quantum to end at 14,895. Both benchmarks made an intraday record of 50,687 and 14,913 respectively during the session.
Ajanta Pharma’s net profit rose 64% year-on-year
Shares of Ajanta Pharma Ltd. rose to their highest in four years as sales surged across key markets in the third quarter.
SELL BHARTIAIRTEL BELOW 618 TRG 600-575 SL PAID
SELL BHARTIAIRTEL BELOW 618 TRG 600-575 SL PAID. Bharti Airtel Ltd.’s board approved raising as much as 75 billion rupees ($1 billion) as India’s second-largest wireless operator looks to build a war chest for an airwaves auction.
Gold Forecast, Stock Markets, Nifty and Bank Nifty Reports – Neal Bhai
Gold Forecast: Bullion Prices corrected sharply in the last session as the dollar pared losses while investorsfocused on the outcome of the US Senate run-off election in Georgia. Therefore, that gold prices outlook will remain in the range between Rs 50300 — Rs 51300 levels in the short-term.
BUY ESCORTS NEAR 1387 TRG 1405-1420 SL PAID
BUY ESCORTS NEAR 1387 TRG 1405-1420 SL PAID. The company’s overall sales registered a growth of 33% from 7,642 tractors sold in November 2019.