Kumar Rakesh, Associate Director, Equity Research, BNP Paribas says one should expect a much weaker set of auto sales numbers in September as half of the month came under the inauspicious Pitru Paksha where new purchases are nor made. Within that, the passenger vehicle industry has been moving towards low single-digit, flattish, sort of a … Read more
Shares of Adani Total Gas (ATGL) jumped 7.4% on BSE to its day’s high of Rs 846.65 after the company announced that it has secured a $375 million global financing, the largest ever amount in the city gas distribution business. “The maiden financing of USD 375 million executed with international lenders include an initial commitment … Read more
Indian market is expected to trade lower on Wednesday tracking weak domestic cues.The Nifty future closed negative with losses of 6.12% at 21975 levels on Tuesday. India VIX spiked up by 27.75% from 20.94 to 26.75 levels. On the options front, the weekly maximum Call OI is placed at 23000 and then towards 22500 strikes … Read more
Mumbai: Most top brokerages raised or retained share price targets on Bharti Airtel, despite the telecom operator’s profits declining in the March quarter, in anticipation of a tariff hike after the ongoing general elections. The stock gained 2.75% to close at ₹1,345.9, after hitting its 52-week high of ₹1,356.85. Analysts see room for more gains … Read more
