Stocks in the news: Route Mobile, RITES, Essel Propack, Future Enterprises and Power Grid
At the issue price of Rs 350, the stock of Route Mobile commands a valuation of 29 times PE on FY20 basis on a fully diluted basis.
After crazy rush, the ‘penny foolish’ on Dalal Street face hard landing
Among the top five stocks, where retail investors’ holding went up most during the quarter gone by, three are priced below Rs 10 currently.
Stocks in the news: HDFC, Vodafone Idea, HPCL, Lupin, Adani Enterprises and JK Tyre
Mortgage lender Housing Development Finance Corp (HDFC) said it has launched its qualified institutional placement (QIP).
Reduce South Indian Bank, target price Rs 7: ICICI Securities
Reduce South Indian Bank Ltd. at a price target of Rs 7.0 .
Accumulate ICICI Bank, target price Rs 395: Arihant Capital
ICICI Banks valuation t is expected to remain beaten down for some more time while the economy keeps underperforming.
Stocks in the news: RIL, DHFL, Cipla, Bajaj Consumer, ZEEL and Indiabulls Housing
The USFDA has red-flagged Torrent Pharmaceuticals for significant violations of CGMP.
Stocks in the news: IDBI Bank, Punj Lloyd, HUL, Lakshmi Vilas Bank and Jubilant FoodWorks
Meanwhile, Airtel named Nakul Sehgal as CFO, reporting to Sunil Bharti Mittal.
Talking Stock: You should never buy cyclicals for long term
Hold Coal India for another one to two years with a target price of around Rs 300.
Young techies, MBAs, doctors join Intelligence Bureau to become spies
The new-age spies - boys and a large number of girls as well - are joining the IB as assistant central intelligence officers (ACIOs) Grade-II.
Buy South Indian Bank Ltd. target Rs 36 : Ventura Securities
Buy South Indian Bank for a price target of Rs 36.
Growth for the sake of growth or chasing the top line is not my priority: Rajnish Kumar, SBI
Being open to business does not mean business at any cost, says SBI Chairman.
Top stocks in focus on Tuesday, 5 September 2017
Here is a list of top stocks that are likely to be in focus in todays trading session.
South Indian Bank: Improving fundamentals and low valuations make it a low-risk investment
Its current dividend yield of 3% is also attractive. The counter is also seeing a high FII interest, which held 44% of its shares till Decemeber 2013.
Carlyle Ventures Mauritius, others pick up 15% in South Indian Bank for Rs 443 crore
The bank has accepted investments at the floor price for the issue, which was 14% lower than the minimum price it sought in March when it was looking to raise Rs 1,000 crore.
SIB now weighs preferential, rights to raise funds
After two aborted attempts to raise 1,000-cr capital through QIP, South Indian Bank may now opt for preferential allotment of shares or a rights issue.
Up target for SIB on better margins, asset quality: Anand Rathi
Anand Rathi Securities has raised its target price for South Indian Bank on the back of its good performance in the June-September quarter.
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