Edelweiss is bullish on Cairn India and has recommended buy rating on the stock with a target of Rs 224 in its October 21, 2015 research report.
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Buy Cairn India, target of Rs 224: Edelweiss (26-10-2015)
Hold Idea Cellular, target of Rs 160: Edelweiss (26-10-2015)
Edelweiss has recommended to hold Idea Cellular with a target price of Rs 160, in its research report dated October 23, 2015.
Nifty struggles below 8300, Sensex wobbly; auto, infra rise (26-10-2015)
BHEL, Bajaj Auto, Maruti, Hero and Tata Motors are top gainers while Bharti, Coal India, Reliance, Cipla and ICICI Bank are among losers. Besides Auto, Capital Goods index is up 0.6 percent. Oil Gas, Metals are struggling in red.
IMF set to put yuan into key currency basket: Sources (26-10-2015)
The IMF’s executive board is scheduled to decide in November on putting the yuan on a par with the dollar, yen, euro and pound sterling and a key factor will be its performance against a checklist of technical criteria, as assessed by IMF staff.
Gold struggles on firmer dollar, Fed rate hike fears (26-10-2015)
A rally in global equities also kept buying interest subdued for the metal, which has been weighed down all year by uncertainty over the timing of a US rate hike.
Green energy offers bright spot amid oil industry woes (26-10-2015)
The boom in new green jobs is being led by Asia where governments in countries such as China and India are embarking on massive programmes to use more renewable energy.
Ashoka Buildcon gets Rs 277cr order; stock gains 4% (26-10-2015)
The company has received Letter of Award (LoA) from National Highways Authority of India (NHAI) for development of 4-lane Islampur bypass of 10.31 km on NH-31 in the state of West Bengal under NHDP Phase-ll on EPC basis. The order is worth of Rs 277 crore.
Second half to be better; new launches to help: Godrej Cons (26-10-2015)
Godrej Consumer’s MD Vivek Gambhir says rural growth has been hit by high inflation and deficient rains. But the overall impact for Godrej Consumer could be cushioned because of its geographical mix as 70 percent of sales comes from urban markets and only 30 percenty from rural markets.
Godrej Consumer rises 3.5% on strong Q2 numbers (26-10-2015)
The company has declared a second interim dividend at Re 1 per share for the financial year 2015-16.
Bullish on niche midcap IT cos, white goods space: Kotak MF (26-10-2015)
Shah is not upbeat on FMCG companies as he sees rural distress and competition from unlisted players hurting margins. He is more bullish on consumer durables because of the juicy discounts being offered by e-commerce companies and likelihood of increased demand from the Seventh Pay Commission report when it takes effect.