The Big Bull Rakesh Jhunjhunwala has also been consistently reducing stake in Titan in the past two quarters. Jhunjhunwala reduced his cumulative holding in the company from 7.12 percent in September 2018 to 7.08 percent in December 2018. He furthur reduced the stake to 7.04 percent in the quarter ended March 2019, according to shareholding data. … [Read more...] about Titan investors lose 17k cr in four sessions as three global brokerages downgrade stock
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There were five companies which met the above criteria. They include Gujarat Themis Biosyn, Stampede Capital, Lypsa Gems and Jewellery, R Systems International and Pincon Spirit. However, as a caveat, the performance of these stocks is completely dependent on the market. … [Read more...] about Can fundamentally strong penny stocks turn multibaggers?
“Q2 provided a hope that H2 will add more colour to earnings growth, which has been dull in the last five quarters. At the same time, expectation also build-up about likely government measure to provide more stimulus to the economy and equity market with changes in tax structure like income tax, LTCG & DDT,” Vinod Nair, Head of Research at Geojit Financial Services, told Moneycontrol. … [Read more...] about Global brokerage view: 11% rally possible in Maruti stock; Titan downgraded to underperform
In case of its pharma business, ICICI Securities said, "Requirement for development services, especially with increasing complex regulatory processes, remains high with increasing demand for newer drugs. Differentiating itself from its peers is its portfolio of institutional branded generic products, which are inherently used for critical care and are complex to manufacture." … [Read more...] about ICICI Securities initiates buy on Piramal Enterprises, bets on consumer finance biz; stock rises 3%
The Board of Directors of NALCO approved an interim dividend of Rs 1.50 per share on the paid-up equity share capital of Rs 932.81 crore for the financial year 2019-20 and has fixed February 20, 2020, as the record date for the payment of interim dividend for the financial year 2019-20. … [Read more...] about NALCO share price falls 3% after Q3 loss; board declares dividend