Barclays maintains equalweight on the stock with a reduced target price of Rs 585 per share. It says revenue growth was supported by healthcare and manufacturing verticals but the management expects pricing pressures to persist.
Posts tagged MC
Wipro falls 2% on poor Q3 guidance: Should you sell now? (23-10-2015)
Buy HCL Technologies; target of Rs 1,132: Angel Broking (23-10-2015)
Angel Broking is bullish on HCL Technologies and has recommended buy rating on the stock with a target of Rs 1,132 in its October 21, 2015 research report.
Buy MM Financial with medium to long-term view: Kotak (23-10-2015)
The house has a buy rating on MM Financial with price target of Rs 300 with a medium to long-term view, said Nischint Chawathe, Senior Analyst at Kotak Institutional Equities.
Nifty holds 8300, Sensex strong; ONGC, ITC, ICICI gainers (23-10-2015)
ITC, ONGC, NTPC and GAIL topped buying list on Sensex, up 2-2.5 percent followed by HDFC, ICICI Bank, HDFC Bank, Axis Bank, SBI and HUL with 1-1.7 percent.
Idea slumps 6%; analysts cut target post dismal Q2 (23-10-2015)
Shares of Idea Cellular slumped 6 percent after its September quarter results. The telecom service provider’s volumes and average revenue per user (ARPU) in Q2 declined on sequential basis while both voice and data realisations were under pressure.
Talwalkars buys 49.5% in Sri Lanka’s Power World Gym (23-10-2015)
Talwalkars has bought 49 percent stake in Sri Lanka’s Power World Gym, CFO Anant Gawande told CNBC-TV18.
Aurobindo up 2%, gets USFDA nod for Tramadol Hydrochloride (23-10-2015)
This is the 50th ANDA to be approved out of Unit VII formulation facility in Hyderabad, India for manufacturing Oral Non-Antibiotic products.
Sensex, Nifty continue to rally; Maruti, Bharti, Wipro drag (23-10-2015)
ONGC, NTPC, GAIL, ITC and ICICI Bank are top gainers while Bharti, Maruti, Wipro, LT and Vedanta.
Bharti Infratel Q2 net up 0.6%; EBITDA, rev miss forecast (23-10-2015)
Operating profit rose by half a percent quarter-on-quarter to Rs 1,308 crore but margin declined 11 basis points to 43.05 percent in second quarter of FY16, which were estimated at Rs 1,343 crore and 43.6 percent, respectively.
Volume guidance for MIC, finished metal at 900-950 kT: HZL (23-10-2015)
Hindustan Zinc Limited is on track to achieve volume guidance that it had outlined last year, which is 900-950 kiloton, CEO Sunil Duggal told CNBC-TV18.