ICICI Direct reco’s Buy Rating on 14 Stocks at end of the market

Money Control: ICICI Direct is bullish on on 14 Stocks.

Below is the list of 14 stocks which are on Hold Ratings by ICICI Direct,

stockanalysis

  1. Buy Apollo Hospitals with target of Rs.1400: ICICI Direct
  2. Buy AIA Engineering with target of Rs.1890: ICICI Direct
  3. Buy Tata Steel with target of Rs.550: ICICI Direct
  4. Buy Phoenix Mills with target of Rs.775: ICICI Direct
  5. Buy Mangalore Refinery with target of Rs.75: ICICI Direct
  6. Buy Cadila Healthcare with target of Rs.370: ICICI Direct
  7. Buy Vardhman Textiles with target of Rs.1200: ICICI Direct
  8. Buy Pokarna with target of Rs.225: ICICI Direct
  9. Buy Greaves Cotton with target of Rs.140: ICICI Direct
  10. Buy State Bank of India with target of Rs.340: ICICI Direct
  11. Buy Titan Company with target of Rs.1140: ICICI Direct
  12. Buy Grindwell Norton with target of Rs.625: ICICI Direct
  13. Buy Jubilant Life Sciences with target of Rs.905: ICICI Direct
  14. Buy Firstsource Solutions with target of Rs.55: ICICI Direct
Disclaimer: The views and investment tips expressed by investment experts are on their own and not that of the website or its management. thefuturemarkets.com advises users to check with certified experts before taking any investment decisions.

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Buy & Hold Ratings on 8 Stocks by ICICI Direct & Motilal Oswal

Money Control: ICICI Direct & Motilal Oswal reco’s Buy & Hold Rating on 8 Stocks.

Below is the list of 8 stocks which are on Buy & Hold Ratings by brokerages,

stockanalysis

  1. Hold TeamLease Services; target of Rs 2845: ICICI Direct
  2. Hold NTPC; target of Rs 147: ICICI Direct
  3. Hold Bajaj Auto; target of Rs 2380: ICICI Direct
  4. Hold Shoppers Stop; target of Rs 545: ICICI Direct
  5. Hold Indoco Remedies; target of Rs 195: ICICI Direct
  6. Buy Indraprastha Gas; target of Rs 381: Motilal Oswal
  7. Buy Lupin; target of Rs 1000: Motilal Oswal
  8. Buy JSW Steel; target of Rs 322: Motilal Oswal
Disclaimer: The views and investment tips expressed by investment experts are on their own and not that of the website or its management. thefuturemarkets.com advises users to check with certified experts before taking any investment decisions.

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ICICI Direct reco’s Buy Rating on 10 Stocks

Money Control: ICICI Direct is bullish on on 10 Stocks.

Below is the list of 10 stocks which are on Hold Ratings by ICICI Direct,

stockanalysis

  1. Buy JK Lakshmi Cement; target of Rs.335: ICICI Direct
  2. Buy Thermax; target of Rs.1265: ICICI Direct
  3. Buy Somany Ceramics; target of Rs.410: ICICI Direct
  4. Buy TCI Express; target of Rs.780: ICICI Direct
  5. Buy Ipca Laboratories; target of Rs.900: ICICI Direct
  6. Buy NCC; target of Rs.120: ICICI Direct
  7. Buy Container Corporation; target of Rs.625: ICICI Direct
  8. Buy Timken India; target of Rs.640: ICICI Direct
  9. Buy Cochin Shipyard; target of Rs.410: ICICI Direct
Disclaimer: The views and investment tips expressed by investment experts are on their own and not that of the website or its management. thefuturemarkets.com advises users to check with certified experts before taking any investment decisions.

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DAILY MARKET INSIGHTS – 21th Feb 2019

After market update – Second session of gains, Nifty reclaims 10800 intra-day

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Indian Indexes

On February 21, benchmark indices closed on a positive note, with the Sensex settling a tad below 35900. The market rose for the second day and clocked their best two-day rally in nearly three weeks. The Sensex surged by 0.40% or 142.09 points to 35898.35. The Nifty rose by 0.51% or 54.40 points to 10789.85.

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21Top Gainer Losers.jpg

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Stocks in the news

1. Tech Mahindra approved the proposal for buyback fully paid equity shares of Rs.5 each.

2. Reliance Capital invited Nippon Life Insurance to buy up to 42.88% stake in RNAM.

 

Buzzing stocks on BSE

1. Dynamatic Technologies surged by 3.53% to Rs. 1,341, after the company signed a Memorandum of Understanding with Joint-Stock Company (JSC) Russian Helicopters on Ka-226T Helicopter.

2. Tata Steel rose by 1.49% to Rs. 497.90, after Moody’s Investors Service upgraded the company’s corporate family rating by one notch to Ba2 from Ba3.

3. Shares of Reliance Nippon Life Asset Management Company jumped by 20% to Rs. 187.05, after Reliance Capital invited partner Nippon Life Insurance Company Ltd to acquire a stake in Reliance Nippon Life AMC.

Global Signals

Asian stock markets were mixed on February 21, as investors digest Fed minutes.

European stock markets were also mixed, amid cautious optimism the world’s two largest economies could soon secure a trade deal to end a prolonged dispute.

 

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Motilal Oswal reco’s Buy Rating on 10 Stocks

Money Control: Motilal Oswal is bullish on on 10 Stocks at end of the market yesterday.

Below is the list of 10 stocks which are on Buy Ratings by Motilal Oswal,

Zacks-Investment-Research-Upgrades-Rent-A-Center-Inc-to-Buy-Rating-678x381.jpg

  1. Buy Equitas Holdings; target of Rs.150
  2. Buy UPL; target of Rs. 943
  3. Buy Tech Mahindra; target of Rs.860
  4. Buy NHPC; target of Rs.32
  5. Buy NHPC; target of Rs.32
  6. Buy Sun TV; target of Rs.720
  7. Buy BPCL; target of Rs.398
  8. Buy Phoenix Mills; target of Rs.708
  9. Buy Nalco; target of Rs.69
  10. Buy Alkem Laboratories; target of Rs.2365
Disclaimer: The views and investment tips expressed by investment experts are on their own and not that of the website or its management. thefuturemarkets.com advises users to check with certified experts before taking any investment decisions.

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Also read ICICI Direct reco’s Hold Rating on 14 Stocks

Also read Mid-Day Market updates – TFM’s Watch

DAILY MARKET INSIGHTS – 20th Feb 2019

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Indian Indexes

The benchmark indices bounced back and broke the eight day losing streak on February 20, on the back of global optimism. The rally was mainly led by information technology, financial, metal and banking stocks. The Sensex added 400 points, while the Nifty rallied over 130 points. The Sensex surged by 1.14% or 403.65 points to 35756.26. The Nifty soared by 1.24% or 131.40 points to 10735.45.

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20Top Gainer Losers

20Currency

Stocks in the news

1. Duke Offshore secured contract from Daewoo-Tata JV

2. Aarti Industries entered into contract worth $125 mn with global chemical conglomerate

3. Strides Pharma arm received USFDA nod for generic of Zarontin capsules.

 

Buzzing stocks on BSE

1. Grasim Industries rose by 2.03% to Rs. 730.75, after the acquisition of the Chlor-Alkali Business of KPR Industries (India).

2. Majesco surged by 3.30% to Rs. 456, American Public Life Insurance Company has selected Majesco L&A and Group Core Suite platform.

Global Signals

Asian stocks markets mostly closed higher on February 20, after US President Donald Trump hinted once again that a closely watched trade deadline in March may be pushed back.

European stock markets were also higher, amid rising hopes the world’s two largest economies could soon secure a trade deal to end a protracted dispute.

 

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ICICI Direct reco’s Hold Rating on 14 Stocks

Money Control: ICICI Direct is bullish on on 14 Stocks.

Below is the list of 14 stocks which are on Hold Ratings by ICICI Direct,

stockanalysis

  1. Hold LIC Housing Finance; target of Rs.475
  2. Hold Ajanta Pharmaceuticals; target of Rs.1100
  3. Hold Tata Communications; target of Rs.540
  4. Hold Power Grid Corporation; target of Rs.200
  5. Hold Solar Industries; target of Rs.1045
  6. Hold V-Guard Industries; target of Rs.205
  7. Hold Oriental Carbon; target of Rs.1300
  8. Hold Dr Reddy’s Laboratories; target of Rs.2870
  9. Hold NMDC; target of Rs.90
  10. Hold Investment Precision; target of Rs.315
  11. Hold Petronet LNG; target of Rs.225
  12. Hold Rupa and Company; target of Rs.340
  13. Hold Greenply Industries; target of Rs.140
  14. Hold Control Print; target of Rs.255
Disclaimer: The views and investment tips expressed by investment experts are on their own and not that of the website or its management. thefuturemarkets.com advises users to check with certified experts before taking any investment decisions.

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DAILY MARKET INSIGHTS – 18th Feb 2019

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Indian Indexes

The benchmark indices ended down sharply on February 18, 2019 on caution over mounting worries over terrorist activities in India’s Jammu & Kashmir. Heavyweights such as TCS, Reliance Industries and ITC among others dragged indices today. The Sensex slipped by 0.87% or 310.51 points to 35498.44. The Nifty fell by 0.78% or 83.45 points to 10640.95.

Market breadth was in favour of declines with an advance-decline ratio of 1:2.

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15Top Gainer Losers

18Currency

Stocks in the news

1. L&T Construction has secured a mega contract for design and construction of a major airport.

2. JSPL bagged additional order from Indian Railways for 30,000 tonnes long rails.

 

Buzzing stocks on BSE

1. Shares of Dewan Housing Finance Ltd (DHFL) jumped 4.67% to Rs. 128.90, on report that the company is in talk to sell a 10% stake to Baring India, Bain Capital and Hero Fincorp to raise funds.

2. Yes Bank share fell by 2.54% to Rs. 213.15, after the Reserve Bank of India (RBI) threatened further regulatory action against the bank over its public disclosure of nil divergence report.

Global Signals

Asian markets ended higher on optimism over ongoing trade talks between the US and China.

European stock markets were mixed, as investors await developments on US-China trade front.

Crude oil prices rose to three-month high on February 18, 2019 as Saudi Arabia said it has partially shut Safaniya offshore oil field, largest in the world, for repairs amid optimism over US-China trade discussions.

 

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Hold & Buy Rating on 15 stocks by Prabhudas Lilladher

Money Control: Prabhudas Lilladher recommends hold & buy rating on 15 Stocks.

buy sell dies

Below is the list of 15 stocks,

  1. Buy Cholamandalam Investment and Finance Company; target of Rs.1562
  2. Buy Jindal Steel and; Power; target of Rs.230
  3. Buy Entertainment Network (India); target of Rs.776
  4. Buy P.I. Industries; target of Rs.1023
  5. Buy Dhanuka Agritech; target of Rs.624
  6. Buy Thyrocare Technologies; target of Rs.795
  7. Buy Heidelberg Cement India; target of Rs.190
  8. Hold Coal India; target of Rs.250
  9. Hold Bharat Forge; target of Rs.504
  10. Accumulate Hexaware Technologies; target of Rs.384
  11. Accumulate Hero Motocorp; target of Rs.2947
  12. Accumulate Cadila Healthcare; target of Rs.362
  13. Accumulate Dr. Lal PathLabs; target of Rs.1070
  14. Accumulate Hindalco Industries; target of Rs.245
  15. Accumulate Nestle India; target of Rs.11,059
Disclaimer: The views and investment tips expressed by investment experts are on their own and not that of the website or its management, thefuturemarkets.com advises users to check with certified experts before taking any investment decisions.

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ICICI Direct recommended Hold Rating on 14 Stocks

Money Control: ICICI Direct is bullish on on 14 Stocks.

Below is the list of 14 stocks which are on Buy Ratings by ICICI Direct,

101890549-buy_sell_dice_on_coins

  1. Hold Bosch; target of Rs.17565: ICICI Direct
  2. Hold Natco Pharma; target of Rs.635: ICICI Direct
  3. Hold Coal India; target of Rs.225: ICICI Direct
  4. Hold Maharashtra Seamless; target of Rs.500: ICICI Direct
  5. Hold Motherson Sumi; target of Rs.125: ICICI Direct
  6. Hold Amara Raja Batteries; target of Rs.700: ICICI Direct
  7. Hold Bata India; target of Rs.1300: ICICI Direct
  8. Hold Hindalco Industries; target of Rs.212: ICICI Direct
  9. Hold India Cement; target of Rs.85: ICICI Direct
  10. Hold Sun Pharmaceuticals; target of Rs.460: ICICI Direct
  11. Hold Astral Poly Technik; target of Rs.1250: ICICI Direct
  12. Hold VA Tech Wabag; target of Rs.295: ICICI Direct
  13. Hold Eicher Motors; target of Rs.21250: ICICI Direct
  14. Hold Gujarat State Petronet; target of Rs.180: ICICI Direct
Disclaimer: The views and investment tips expressed by investment experts are on their own and not that of the website or its management. thefuturemarkets.com advises users to check with certified experts before taking any investment decisions.

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Indian wealth manager Edelweiss signs MoU with Bank of Singapore to form a strategic partnership

Edelweiss.jpg

Edelweiss, Bank of Singapore sign MoU for strategic partnership

“This is the first time that an Indian wealth manager of Edelweiss’ size and stature is partnering with an offshore private bank,” Edelweiss Financial Services said in a BSE filing.

PTI @moneycontrolcom

Edelweiss Group on Thursday said it has signed a memorandum of understanding (MoU) with Bank of Singapore to form a strategic partnership to provide clients of both entities the opportunity to access their respective product platforms.

“This is the first time that an Indian wealth manager of Edelweiss’ size and stature is partnering with an offshore private bank,” Edelweiss Financial Services said in a BSE filing.

Bank of Singapore had previously signed similar strategic partnerships with two financial institutions – one from Japan and another from Switzerland.

Shares of Edelweiss Financial Services were trading 2.94 percent lower at Rs 123.80 apiece on BSE.

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Ashok Leyland has lined up investments around Rs.1,000 crore as capital expenditure (capex) for FY20

ashok.jpg

Ashok Leyland has lined up investments around Rs 1,000 crore as capital expenditure (capex) for FY20

Ashok Leyland, the country’s third biggest commercial vehicle producer, has lined up investments for a slew of projects for FY20 even as the truck and bus maker gets busy to expand its portfolio in the light-duty segment.

The Chennai-based company will be investing around Rs 1,000 crore as capital expenditure (capex) next financial year. These would be in areas of electric vehicles, light commercial vehicles and capacity enhancement programs.

In the current financial year the company has already spent Rs 600 crore towards capex by end of December and a further Rs 200-300 crore is earmarked for the current quarter, a top company official said. The official added that a final call on the size of the investment will be taken before end of March.

One the biggest areas of focus for the company will be the light and intermediate commercial vehicle segment. Through an investment of Rs 400 crore the company is readying a roll-out of a series of products including a new model range under a new brand between now and end of FY21.

“A new range under Pheonix which will be completely different from the current range will be launched in about one and one and half years in the LCV segment. In will not be in the sub-1 tonne segment. We will expand in four and seven tone segment. We will be moving down from the 12 tonne segment and moving up from 1.25 tonne segment”, said Gopal Mahadevan, chief financial officer, Ashok Leyland. This range will debut directly in the Bharat Stage VI version.

Competition

On February 18, Ashok Leyland would be launching a couple of trucks namely the Guru 10 tonne. The launch would help bridge the product gap in the ICV segment. Rival Mahindra and Mahindra recently launched the Furio range of ICVs which are in the 12-14 tonne range category.

Tata Motors is also sprucing up presence in this segment.

“We are not yet fully matured in the LCV industry. We have lots of offering to make in the ICV segment also. Our ICV share has gone up from 10-12 percent about five years ago to 22 percent now. LCV business for us will be as big as bus segment. With these launches we will cover the whole portfolio in the LCV and ICV range. This is going to be a huge advantage going forward for us,” added Mahadevan.

The LCVs won’t be restricted to just the Indian market. Over the course of next 6-12 months Ashok Leyland would be developing and exporting them left hand drive markets. The LCV segment is bigger for Ashok Leyland than the bus segment in revenue terms. Ashok Leyland has a capacity to make 75,000 units a year.

This has forced the company to enhance capacity at its manufacturing plants. “We are augmenting capacity at Hosur plant. Instead of investing Rs 300 crore for a new paint shop we invested around Rs 35 crore to double the capacity through some in-house innovation,” added Mahadevan.

Source: MoneyControl.com

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Alibaba Group has bought an 8% stake in Chinese video platform Bilibili Inc

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Alibaba takes 8 percent stake in Chinese video platform Bilibili: Xinhua

Reporting by Meg Shen in Hong Kong and Lee Chyen Yee in Singapore

HONG KONG (Reuters) – Alibaba Group Holding Ltd has bought an 8 percent stake in Chinese video platform Bilibili Inc, the official Xinhua news agency reported on Thursday.

Alibaba’s e-commerce retail arm, Taobao, will own 24 million shares in Bilibili, one of China’s leading online video sharing and entertainment platforms which listed on Nasdaq in March, Xinhua reported.

Chen Rui, Bilibili’s CEO and chairman, was quoted by Xinhua as saying that he hoped the collaboration would help boost Bilibili’s users by leveraging on Taobao’s huge platform.

Alibaba and Bilibili were not immediately available for comments.

Xinhua gave no further details of the deal such as the price.

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Japan Exchange Group, TOCOM to merge this year: sources

JPX Tocom.jpg

Japan Exchange Group, TOCOM to merge this year: sources

TOKYO (Reuters) – Japan Exchange Group Inc (JPX), owner of Tokyo Stock Exchange, and the Tokyo Commodity Exchange Inc have decided to merge, two sources with direct knowledge of the talks said, as Japan pushes to create an all-in-one bourse.

Reporting by Takahiko Wada; Writing by Chang-Ran Kim; Editing by Stephen Coates

JPX will make a tender offer to buy all of the smaller bourse’s shares as early as the middle of this year, the people told Reuters on Friday, declining to be identified because the discussions are not public.

JPX and the commodity exchange, known as TOCOM, signed a non-disclosure agreement in October to start talks over possible integration and have said they aim to reach a basic agreement some time next month.

In response to similar media reports on Friday, JPX said in a statement an agreement had not been reached yet.

A combined JPX and TOCOM would create an integrated bourse that offers trades in stocks, derivatives and commodities futures.

JPX also owns Osaka Exchange Inc, which runs derivatives markets such as index futures and JGB futures. TOCOM lists products such as precious metals, oil and rubber.

The government has been pushing for the creation of an integrated exchange, a move it sees helping Japan to become more competitive among global financial hubs.

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DAILY MARKET INSIGHTS – 15th Feb 2019

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Indian Indexes

Indian stock market ended marginally lower on Febaruary 15, led by a decline in HDFC, HDFC Bank, Sun Pharma and Axis Bank. The Sensex was down by 0.19% or 67.27 points to 35808.95. The Nifty fell by 0.20% or 21.60 points to 10724.40.

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15Top Gainer Losers

15Currency
Stocks in the news

1. Alembic Pharma received USFDA approval for gVigamox eye drops.

2. J Kumar Infraprojects received order worth Rs. 444.98 crore from Delhi Metro Rail Corporation.

 

Buzzing stocks on BSE

1. ONGC rose by 2.27% to Rs. 135.10, after net profit rose 64.8% to Rs. 8,262.70 crore in Q3FY2019

2. Shares of Kridhan Infra surged by 4.68% to Rs, 32.40, after company bagged an order in Singapore.

Global Signals

Asian stock markets closed lower on February 15, following the release of US retail data overnight which raised concerns over a slowing American economy.

European stock markets were mixed, after weaker-than-expected US retail sales figures raised fresh doubts about the strength of the world’s largest economy.

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