Hot Stocks: Brokerages on Bharti Airtel, DMart, MGL, Cummins, Bajaj Finance and IRB Infra

Hot Stocks: Brokerages on Bharti Airtel, DMart, MGL, Cummins, Bajaj Finance and IRB Infra

US brokerage Jefferies has maintained a buy view on Bharti Airtel and MGL while Cummins India received a ratings upgrade from HSBC. Among other notable brokerage actions, BofA reiterated a buy view on NBFC play Bajaj Finance while CLSA initiated a coverage on Avenue Supermarts. Kotak Securities also upgraded IRB Infrastructure to ‘Add’ from an … Read more

Ahead of Market: 10 things that will decide D-Street action on Friday

Ahead of Market: 10 things that will decide D-Street action on Friday

Equity benchmark indices Sensex and Nifty ended lower in highly volatile trade on Thursday due to selling in banking, metal and energy counters amid a mixed trend in the global markets. Falling for the second day in a row, the 30-share BSE Sensex declined 194 points to settle at 62,428.54. Nifty ended below 18,500, while … Read more

What should investors do with TCS, Infosys & HCL Tech ahead of December quarter results?

What should investors do with TCS, Infosys & HCL Tech ahead of December quarter results?

“Investor pessimism about the US economy with rising inflation and recession fears has led to the slide in the Indian Technologies companies last week,” says Vaishali Parekh, Vice President – Technical Research, Prabhudas Lilladher Pvt. Ltd.In an interview with ETMarkets.com, Parekh who has over 16 years of experience said: “TCS has been in consolidation for … Read more

Top 10 FPI favourites tank up to 45% from 52-week highs amid market rout

Top 10 FPI favourites tank up to 45% from 52-week highs amid market rout

NEW DELHI: Top 10 FPI favourite stocks in the BSE500 pack are facing heavy selling pressure, as the institutional category continued to dump domestic equities, in the light of record low rupee, high valuations and better opportunities elsewhere. Data showed eight of the top 10 FPI-owned stocks saw cuts in institutional exposure in the March … Read more

IRB Infra raises Rs 150 crore via NCDs

IRB Infra raises Rs 150 crore via NCDs

New Delhi: IRB Infrastructure Developers on Wednesday said it has raised Rs 150 crore through allotment of NCDs on a private placement basis. “This is to inform you that the management administration and share transfer committee of the board of directors of the company…has allotted 9.55 per cent secured, redeemable, listed, rated non-convertible debentures (NCDs) … Read more