Credit Suisse has maintained underperform rating on the stock and reduced target price from Rs 29 to Rs 19 per share.
Posts tagged MC
Poor Q2 numbers drag IOB 15%, hits 52-week low (02-11-2015)
Sensex, Nifty continue to skid; Bajaj Auto tanks 4% (02-11-2015)
Capital goods, metals and pharma stocks are falling sharply. Hit by weak October sales, Bajaj Auto is down 4 percent. Hindalco, Lupin, Tata Steel and LT are major losers in the Sensex. Among the gainers are MM, ICICI Bank, Tata Motors, Maruti and Axis Bank.
Christmas, Diwali favourable for Q3 business: Cox Kings (02-11-2015)
Anil Khandelwal, CFO of Cox Kings says that LateRooms acquisition will start reflecting in the company’s International business going forward.
Jet Airways soars 8% as Rakesh Jhunjhunwala buys stake (02-11-2015)
Shares of Jet Airways soared 8 percent intraday on Monday after it got itself a new maverick investor. Ace investor Rakesh Jhunjhunwala purchased 1.05 percent stake in the airline company for Rs 50.52 crore through an open market transaction. Jet Airways had gained 11 percent on Friday.
India’s manufacturing growth cools to 22-month low in Oct (02-11-2015)
The Nikkei Manufacturing Purchasing Managers’ Index, compiled by Markit, fell to 50.7 in October from September’s 51.2. The 50-mark divides expansion from contraction.
Baleno, exports lift Maruti Oct sales 29% to 1.34 Lk units (02-11-2015)
Company’s domestic sales increased by 24.7 percent to 1.21 lakh vehicles and exports shot up 90.4 percent to 13,146 vehicles.
Moody’s upgrades Indian banking system to ‘stable’ (02-11-2015)
International ratings agency Moody’s on Monday upgraded India’s banking system to ‘stable’ from ‘negative’ due to an improvement in operating environment for banks.
Will start 2016 with a firm aviation policy: Gajapathi Raju (02-11-2015)
In an interview to CNBC-TV18, Minister for Civil Aviation, P Ashok Gajapathi Raju, shares his views on the recently announced draft aviation policy.
Domestic air traffic to soar 3-fold to 218m by 2025: Report (02-11-2015)
According to the report commissioned by Vistara airline and conducted by industry body CAPA (Centre for Asia Pacific Aviation), aviation can contribute 5 percent to the country’s GDP or USD 250 billion by 2025.
Govt may garner Rs 5k cr from Phase 3 of FM auctions:Crisil (02-11-2015)
The licence fee payable is estimated as higher of either 2.5 percent of one-time fee or 4 percent of gross ad revenue over the next 15 years. The amount is significantly higher than what the government earned in the first two phases together, which is estimated to be around Rs 1,500-1,700 crore.