Brokerage firm Citi maintained a buy rating on Nuvama Wealth while Emkay Global and UBS initiated coverage on Man Industries and Bandhan Bank respectively. InCred has a reduce rating for ER&D stocks Tata Tech and Tata Elxsi. Yes Securities suggests buying in Tech Mahindra, Indus Towers and Granules. We have collated a list of recommendations … Read more
Indian market is likely to head higher on Monday tracking positive global and domestic cues. The Nifty future closed positive with gains of 0.34% at 22703 levels on Friday. India VIX was up by 1.7% from 24.18 to 24.60 levels. Volatility spiked above 26 levels during the week and has caused discomfort to the bulls. … Read more
LTIMindtree, the merged entity that houses conglomerate Larsen & Toubro’s information technology business, is unlikely to be part of the benchmark Nifty50 during the upcoming March index review, Nuvama Wealth reiterated. The completion of the merger of Larsen & Toubro Infotech and Mindtree in November sparked speculation of the new entity, India’s fifth largest IT … Read more