Though Nomura has a buy on the stock with a target price of Rs 800 per share, it says minority perspective would have preferred the company wait for this acquisition before the capital raise.
Posts tagged MC
Indiabulls Housing tanks 17% on $100m deal;analysts say buy (13-11-2015)
Equities look good from three-year perspective: ICICI Pru (13-11-2015)
It is a good time for long-term investors but a very confusing one for short-term traders is the word coming in from S Naren CIO, ICICI Prudential AMC.
Gold at multi-year lows on fund outflows (13-11-2015)
Spot gold fell 0.2 percent to USD 1,082.65 an ounce by 0352 GMT, and on track to post a fourth straight weekly dip. The metal tumbled to USD 1,074.26 in the previous session, the lowest since February 2010.
Sensex, Nifty under pressure on weak global cues; TCS drags (13-11-2015)
TCS, Vedanta and Cipla topped selling list on Sensex, down more than 2 percent followed by Infosys, Reliance Industries, HDFC, ITC, ICICI Bank, LT, HDFC Bank, Tata Motors, SBI, HUL, ONGC and Maruti with 0.5-1.5 percent loss.
Oil falls to lowest in over 2 mths on swelling inventories (13-11-2015)
Benchmark US crude futures were at USD 41.47 a barrel at 0139 GMT, down 28 cents from Thursday, when prices tumbled 4 percent on the back of rising US stocks. The contract was trading at the lowest since Aug 27.
Coal India Q2 net seen up 23%, e-auction sales volumes key (13-11-2015)
Revenue is likely to increase 9.9 percent to Rs 17,230 crore during the quarter compared to Rs 15,678 crore in year-ago period, led by strong volume growth.
Over 4,660 tons seized pulses offloaded in open mkt: Govt (13-11-2015)
The prices of lentils are continuing to rule higher up to Rs 190 per kg in most retail markets despite several measures taken by the government including action against hoarders, stock holding limits on traders and importers among others.
Nifty can fall at opening bell: Maximus Securities (13-11-2015)
Trading of CNX Nifty futures on the Singapore stock exchange indicates that the Nifty could loose 65 points at the opening bell, says Maximus Securities.
RBI Dec rate cut unlikely but Fed may hike: Morgan Stanley (13-11-2015)
Chetan Ahya, Co-Head-Global Economics Chief Asia Economist Morgan Stanley, does not expect any change from RBI on Dec 1 but expects Fed to hike in mid-December.
Rupee opens at 66.18 per dollar; gains 13 paise (13-11-2015)
Rupee to trade in a range of 65.60-66.50 today, says Pramit Brahmbhatt.