NEW DELHI: Billionaire Nithin Kamath, who owns and runs India’s largest stock broker Zerodha, on Friday said the decision of Reliance Industries (RIL) to announce the cost of acquisition for Jio Financial demerger on ex-date might have helped in better price discovery. “Companies normally take time, even after ex-date, to announce COA (cost of acquisition). … Read more
Brokerage firm Jefferies maintained a buy rating on Allcargo Logistics, Morgan Stanley remained overweight on Dabur India, JPMorgan has an overweight rating on RIL, Citi maintained its sell rating on Tech Mahindra and a buy rating on Titan Company.We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Jefferies … Read more
According to the delisting laws, the company has one year or till September to submit the final application to the stock exchanges. Synopsis Allcargo had passed a special resolution last October to delist the company where the promoter group holds 70% stake. The delisting floor price was set at Rs 92.6. ET INTELLIGENCE GROUP: Analysts … Read more
“Companies have already kept the raw material ready for such cold rooms. Seeing the opportunity, they can double production.” Synopsis Blue Star, Voltas, Snowman, Blue Dart, Allcargo, and SpiceJet are among the companies that will be as crucial to public health in the immediate future as will be the vaccine makers and care centres. Mumbai: … Read more