Weekly Report on 28.08.2017

The bygone week saw some increased volatility but no major changes on closing basis & the weight of evidence is still tilted in favor of the bulls. 9750 is an important make-or-break zone for the broader index & as long as it maintains above this mark, there...

Morning calls

Infosys appoints Nandan Nilekani as Non-Executive Chairman. Brokerages on Infosys CLSA: Buy, Target 1070. AXIS CAP: Buy, Target 1138, Phillip Cap: Buy, Target 1060, CIMB: Hold, 975 Lumax Auto has signed a JV agreement with Francisco Albero S.A.U. Spain to manufacture...

Morning Calls

Infosys: Institutional investor urge Nandan Nilekani bring back. CITI on Railway: Indian Railways is undergoing a paradigm shift on capex and reforms. Winners #Concor #LT #NBCC #Jindalstel Schneider, Eaton frontrunners to buy L&T’s electrical business bid at Rs...

Morning Calls

Cabinet likely to introduce ordinance on hiking cess ceiling on Luxury cars by 105 to 25% today Gati: Profit up Rs 18 crore Vs 5 cr EBITDA down 33 % at 19 crore Ahluwalia contracts: Profit up Rs 29.5 crore EBITDA up 26.2 % to 53 crore Revenue up 65 % DLF: Board meet...

Morning Calls

Subex Limited: Board has approves restructuring. Ugar sugar: Karnataka State Apellate Authority stayed order of Pollution Control Bord regarding Closure of Operation. Mcnally Bharat: Bags EPC order of coal plant worth Rs 514 crore. Biocon: Approves transfer of...

Morning Calls

Infosys: To buyback shares worth up to 13000 crore at Rs 1150 per share. Retail quota for buyback Rs 1950 crore. Number of shares under retail quota 1.95 crore Number of shares held by retail investors 2.87 crore Den Network: Gets NCLT nod for merger of 23...