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 stock price
KEC International share price gained 2.5 percent in the morning trade on December 12 after Japanese brokerage Nomura initiated coverage on the stock, with a buy call and a target price of Rs 388, implying a 40 percent potential upside from current levels."The company's focus on growth with stable margins offers comfort and rising market share amid reduced competition is a key catalyst," the research house said.Nomura expects a strong near-term growth and estimates 23 percent EPS CAGR over FY19-22 with broadly stable margin.Close KEC International last week secured orders worth Rs 1,025 crore in transmission and distribution, railways, and cable segments. related news Cadila Healthcare gains 4% on launch of anti-diabetic tablet in India Cipla share price up 2% after associate firm submits application to USFDA for IV tramadol "Our order book in India continues to grow, despite the general headwinds in the country. These orders, along with the orders announced earlier … [Read more...] about KEC International share price up 2% after Nomura initiates coverage with buy call
Investors are always on a hunt to find stocks that could give inflation-beating returns.Experts feel that maintaining a small portfolio of quality stocks is always an ideal choice, and dips, if any, due to either global or local factors could be used as buying opportunity in select stocks.“We believe the ongoing correction in the market is to be used as an opportunity to take fresh positions in quality stocks with strong earnings potential, and are available at discounted multiple,” Rajeev Srivastava, Head Retail Broking, Reliance Securities told Moneycontrol.Close “Going forward, we believe that with the recent stimulus measures starting to aid growth, corporate earnings will certainly start picking-up and discounted multiple of various quality mid-cap stocks will start getting re-rated,” he said. related news Smart money is moving into market ahead of Budget 2020: Atul Suri Equity inflows drop but SIP figures at all-time high; what should you … [Read more...] about Initiating coverage: HDFC AMC and M&M among 10 stocks that could return 10-40% in 2020
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?
Prakash Industries shares rose 5 percent in the early trade on December 12 after the company declared that its bid for the Bhaskarpara coal mine has been successful.The company had participated in the eighth tranche of coal blocks auction conducted by Coal Ministry and emerged as the highest bidder for the Bhaskarpara Coal Mine in Chhattisgarh, company said in the BSE release.The company on December 11, received a communication from the nominated authority i.e. Ministry of Coal, Government of India, declaring the company as the successful bidder for the coal mine.Close It is now required to execute the coal mine development and production agreement with the nominated authority, subsequent to which the vesting order will be issued to the company. related news D-Street Buzz: Metal stocks under pressure led by Hindalco; Sterlite Tech jumps 10%, YES Bank tanks Adani Transmission hits 52-week high on stake sale in a subsidiary IDBI Bank share price rises 3% as board … [Read more...] about Prakash Industries up 5% on winning bid for a coal mine