Thursday, June 12, 2014
Nectar Lifesciences has received second European cGMP (current good
manufacturing practices) approval for its Cephalasporin Finished Dosage
Forms (FDF) manufacturing facility in Baddi, Himachal Pradesh.
High operating leverage in banking, broking and other sectors is
driving strong earnings, while investments in its distribution network
is resulting in sustained growth, Deutsche said in a note.
Though the stock has has risen 64 percent in the last one month and has
partly priced in these positives, further upside will be contingent on
the actual manifestation of these triggers and stock might take a
breather till that happens.
LT may also choose to sell up to 11,034,297 equity shares representing a 0.64 percent stake in LT Finance.Wednesday, June 11, 2014
Sharemasterindia.com Stocks To Watch Today
Sharemasterindia.com Stock News Update
JP Associates up 3%, UltraTech may buy Rewa cement plant
Shares of Jaiprakash Associates rallied 3.1 percent on Tuesday to close
at Rs 88.25 after report suggests that Aditya Birla Group-led UltraTech
Cement is in talks to buy its Rewa cement plant in Madhya Pradesh.
Sun Pharma up 2%, Barclays reiterates overweight rating Shares of Sun Pharmaceutical Industries gained as much as 2 percent intraday on Tuesday as brokerage house Barclays reiterates overweight rating on the stock. It raised target price by 11 percent to Rs 717 apiece.
Shares of Jaiprakash Associates rallied 3.1 percent on Tuesday to close
at Rs 88.25 after report suggests that Aditya Birla Group-led UltraTech
Cement is in talks to buy its Rewa cement plant in Madhya Pradesh.
Bank of America Merrill Lynch reiterates buy rating on Maruti Suzuki.
It raised its price target on the stock to Rs 2,900 from Rs 2275
earlier.
Citi maintains buy on the stock. "We continue to like MindTree given
strong business momentum; expect growth to sustain backed by continued
investments in the business and reassuring commentary by management," it
says.Tuesday, June 10, 2014
Sharemasterindia.com Stock News Update
Sharemasterindia.com Stock News Update
LT hits record high, up 5%; Barclays overweight on stock Barclays says the management of LT remained optimistic about the company’s prospects in infrastructure, Middle East orders and new drivers, such as defense in India.
Shares of Divis Laboratories rallied as much as 3.9 percent intraday on
Monday after the company clarified reason to visit its Visakhapatnam
unit by US Food and Drug Administration (USFDA).
In his address in the Central Hall of Parliament, the President listed
priorities of the NDA government which include focusing on rural
development, attracting foreign investments and taking India back to the
path of economic growth. He said poverty has no religion, hunger has no
creed.Monday, June 9, 2014
Sharemasterindia.com Stocks To Watch Today
Sharemasterindia.com Stocks News Update
Sugar stocks rally 5-17% on hopes of import tax hike The government will examine raising import tax on sugar to support local prices and help mills clear dues to cane growers, Food Minister Ram Vilas Paswan said.
Stupendors Traders Pvt Ltd bought 18,01,471 shares of Praj Industries.
ICICI Prudential Mutual Fund bought 10,00,000 shares of Gateway Distriparks.
Cresta Fund Ltd sold 38,83,576 shares of Amtek India at Rs 73.20.
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