Emkay is bullish on Larsen and Toubro and has recommended buy rating on the stock with a target price of Rs 1730 in its research report dated October 1, 2015.
Posts tagged MC
Buy Larsen and Toubro ; target of Rs 1730: Emkay (05-10-2015)
DLF to raise $1.5-2 bn from rental biz asset sale (05-10-2015)
The proceeds from the same will also be used to halve its debt.
Sensex, Nifty maintain strong uptrend; banks, infra lead (05-10-2015)
HDFC soared 4 percent after the company successfully raised around Rs 10,000 crore via a mix of warrants and non-convertible debentures to qualified institutional investors. The housing finance company allotted 3.65 crore warrants at an exercise price of Rs 1,475 per share.
Sensex, Nifty maintain strong uptrend; bank, infra lead (05-10-2015)
HDFC soared 4 percent after the company successfully raised around Rs 10,000 crore via a mix of warrants and non-convertible debentures to qualified institutional investors. The housing finance company allotted 3.65 crore warrants at an exercise price of Rs 1,475 per share.
Bullish Sun Pharma; see over 20% rise by Dec ’16: JP Morgan (05-10-2015)
While JP Morgan warns of volatile quarterly results owing to one-time charges, it says the potential upside from the Ranbaxy deal in the medium-term (synergies from FY17 onwards) does strengthen the case for buying the stock at current levels.
OW Sun Pharma; can give over 20% returns till Dec ’16: JPM (05-10-2015)
While JP Morgan warns of volatile quarterly results owing to one-time charges, it says the potential upside from the Ranbaxy deal in the medium-term (synergies from FY17 onwards) does strengthen the case for buying the stock at current levels.
Markets way too pessimistic; bet on India among EMs: SocGen (05-10-2015)
With a base rate cut of 50 basis points, India reflects of a slowing inflation across Asian countries, Xavier Denis, Societe Generale Securities tells CNBC-TV18.
Rupee trims early gains, still up by 21 paise (05-10-2015)
The dollar index currently trading down by 0.10 percent at 95.81 as against a basket of six currencies. In the overseas markets, the dollar slipped against a basket of currencies after weak US jobs data led traders to pare bets that the Fed was poised to hike interest rates as early as this month.
Maruti falls 2%; Jefferies downgrades, slashes target (05-10-2015)
Jefferies feels that changing capital allocation policy will make profits unpredictable for Maruti. Another concern that the brokerage has highlighted is Maruti’s reduction of investments in manufacturing, and setting up new distribution network for premium cars.
LT jumps 3%, Citi upgrades to buy but cuts target (05-10-2015)
According to Citi, LT is the best play on India’s infrastructure development economic growth, and a major beneficiary of the USD 245 billion defence USD 140 billion railway upcoming opportunities.