PE firm TPG Asia on Thursday sold its entire stake in wire and cable manufacturer RR Kabel through block deals, according to exchange data. TPG Asia offloaded about 5% stake or just over 56 lakh shares at around Rs 1,701 apiece. This valued the deal at around Rs 958 crore. Marquee funds, including Edelweiss MF, … Read more
Brokerage Citigroup maintained a buy rating on RR Kabel, JPMorgan has an overweight stance on RIL, Axis Capital upgraded Indigo to buy and Jefferies maintained a buy rating on Tata Steel. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Citigroup on RR Kabel: Buy| Target Rs 2043Citigroup … Read more
Sandip Sabharwal, asksandipsabharwal.com, says “the markets have corrected and people are correlating it to what might happen in the election. I do not think that is the right way to do it. I think markets fall under their own weight when they become overweight. So, the Indian market became overweight and is correcting a bit. … Read more
