Global brokerage house Morgan Stanley has an overweight call on the country's largest power producer NTPC with a target price of Rs 152 per share, implying a 34.5 percent potential upside from current levels.The stock rallied 1.6 percent intraday on December 12.The research firm believes the share price will rise in next 15 days. "Five out of six plants contributed to under-recoveries in FY19/H1FY20 have improved," it said.Close Adani Ports related news Ujjivan Small Finance Bank: Should investors buy, sell or hold after the bumper listing? Initiating coverage: HDFC AMC and M&M among 10 stocks that could return 10-40% in 2020 Equity inflows drop but SIP figures at all-time high; what should you do? Shares of Adani Ports and Special Economic Zone also gained 1.7 percent intraday on December 12 after the brokerage remained bullish on the stock.While having an overweight call on the stock with a target price of Rs 433 (potential upside of 17 percent), Morgan Stanley feels … [Read more...] about Morgan Stanley bullish on NTPC, Adani Ports and L&T Infotech
Adani ports q2 results
Ujjivan Small Finance Bank listed with a massive 56 percent premium over its issue price on December 12 despite volatility in the market.The stock touched an intraday high of Rs 62.8 on the National Stock Exchange (up 70 percent) after opening at Rs 58.75 against IPO price of Rs 37. The bumper listing was on expected lines given the strong response received for the company's IPO.Combined volume on BSE and National Stock Exchange was more than 20 crore equity shares.Close Ujjivan Small Finance Bank (USFB) is a subsidiary of microfinance lender Ujjivan Financial Services. related news Morgan Stanley bullish on NTPC, Adani Ports and L&T Infotech Initiating coverage: HDFC AMC and M&M among 10 stocks that could return 10-40% in 2020 Most experts are now advising investors to hold the stock for longer term on the back of good fundamentals. Though some suggest investors can do partial profit booking and hold the rest for longer term."Ujjivan SFB's … [Read more...] about Ujjivan Small Finance Bank: Should investors buy, sell or hold after the bumper listing?
The auto sector has been passing through one of its worst phases brought on by a sustained decline in sales, shift in technology and regulatory norms and prolonged weakness in India's financial space.Investors have been offloading their bets in auto stocks, causing most of them to suffer deep losses.In November, the domestic passenger vehicle (PV) sales shrunk by about 9 percent YoY. Domestic commercial vehicle sales were down nearly 18 percent while those of two-wheelers (2Ws) declined by about 14 percent YoY.Close However, overall three-wheeler (3W) segment sales grew by nearly 7 percent YoY, primarily led by improvement in export markets. related news Morgan Stanley bullish on NTPC, Adani Ports and L&T Infotech Ujjivan Small Finance Bank: Should investors buy, sell or hold after the bumper listing? Though the sales numbers are still subdued, brokerages and industry experts are of the view that the auto sector is gearing up for an upward journey."Ongoing marriage … [Read more...] about Demand looking up for autos; these stocks likely to gain the most