ICICIdirect.com has come out with its report on Power sector. According to the research firm, Power Grid Corporation of India is the top pick in the coverage universe.
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Power Grid top pick in power space: ICICIdirect (29-10-2015)
Financial: Credit growth static at 9.5% YoY, says Religare (29-10-2015)
As per RBI data, credit growth for the fortnight ended 16 October remained stagnant at 9.5% YoY and deposit growth was stable at 11.2% YoY. Investment growth declined to 11.1% YoY, but the SLR was largely unchanged at 27.4%, says Religare.
LT Q2 revenue seen up 11%, exceptional gain may aid profit (29-10-2015)
Consolidated profit (excluding any exceptional income) is seen rising 9.5 percent year-on-year to Rs 944 crore and revenue is likely to increase 10.6 percent to Rs 23,409 crore, according to analysts polled by CNBC-TV18.
Buy Symphony; target of Rs 2745 : ICICI Direct (29-10-2015)
ICICI Direct is bullish on Symphony and has recommended buy rating on the stock with a target of Rs 2745 in its October 26, 2015 research report.
Hold ACC; target of Rs 1495: Arihant Capital (29-10-2015)
Arihant Capital has recommended to hold ACC with a target price of Rs 1495, in its research report dated October 23, 2015.
US jobless claims rise, four-week average lowest since 1973 (29-10-2015)
Initial claims for state unemployment benefits increased 1,000 to a seasonally adjusted 260,000 for the week ended October 24, the Labor Department said on Thursday
ITC Q1 profit seen up 5%, cigarette volume may fall 11-15% (29-10-2015)
Cigarette volumes may see double digit decline for the fourth consecutive quarter but that decline may moderate from December quarter onwards, feel analysts. They expect cigarette volumes to decline by 11-15 percent in Q2 owing to price hikes against 16 percent fall in Q1FY16, 13 percent in Q4FY15, 14 percent in Q3FY15 and 5 percent in Q2FY15.
Deutsche Bank to shed 35,000 jobs, exit 10 countries (29-10-2015)
The bank will withdraw from Argentina, Chile, Mexico, Uruguay, Peru, Denmark, Finland, Norway, Malta and New Zealand.
TRAI unmoved by telecos plea; call drop penalty to stay (29-10-2015)
The telecom operators earlier had written to TRAI requesting reconsideration on the call drop penalty of Re 1 per call dropped for upto three calls a day.
Indigo’s Rs 3018-cr IPO oversubscribed 6 times on QIB boost (29-10-2015)
The public offer comprises of fresh issue of shares worth Rs 1,272.2 crore and the reduced offer for sale (OFS) issue size worth Rs 1,746 crore by Interglobe Enterprises, Rahul Bhatia, Rakesh Gangwal, Anil Chanana among others