Carraro India Limited, a Pune-based manufacturer of transmission systems for tractors & off-highway vehicles, and other agricultural and construction equipment, has filed its draft red herring prospectus (DRHP) with capital market regulator Securities and Exchange Board of India (SEBI) to mop up funds through an initial public offering (IPO). The IPO is a complete offer … Read more
While Nifty ended with modest weak-on-weak gains of 0.4%, the truncated trading week was laden with top action where over three dozen companies from large, mid and smallcap segments witnessed prominent block deals worth Rs 40,543 crore on screen, which included both buying and selling. In the largecap segment, 15 companies witnessed significant block deals … Read more
The fourth quarter results season is coming to a fag-end, and analysts said despite earnings largely meeting expectations, there is a noticeable moderation in the overall earnings landscape. Some notable companies that will announce their earnings this week include Varun Beverages, Zomato, Airtel, Siemens, Power Finance Corp, Mahindra and Mahindra, HAL, and JSW Steel, among … Read more
Stating SUVs and farm implements to be high growth segments, brokerage firm Nomura maintained its buy rating on with a target price of Rs 1,718, which shows an upside potential of 25% from the current market price of Rs 1,368. “M&M remains our top pick. The company has been gaining a share across segments. We … Read more
This Valentine’s Day will be a busy day for traders as equity markets struggle for direction amid lack of fresh triggers and mixed global cues. Choice Broking has recommended select stocks including , , , and Bector Foods to buy on February 14. Technically, Indian Hotels, on the daily chart, has been taking support near … Read more
NEW DELHI: Most analysts are turning bullish on auto stocks as Q1 volumes recover across segments and supply side issues seem to be easing, with an improvement in the supply of semiconductors. Led by rallies in , MRF, Mahindra & Mahindra, Hero Moto and , the Nifty Auto index is up over 8 per cent … Read more