Brokerages for select stocks that may impact market behaviour
Mumbai: Keeping a track of market related news updates can be crucial for making informed investment decisions. Trading tips and brokerages for key stocks can also prepare you for the trading day ahead.
Here are news stories that are likely to influence market behaviour for the trading day.
Stocks in news and brokerages for select stocks that may impact the day’s trading in markets.
Nestle India: Firm to seek nod from shareholders on royalty schedule for a payout every five years instead of a one-time sanction at its AGM on April 25 after proxy advisory firms raised concerns over the earlier resolution.
Shriram Transport Finance: The company approved an issuance of $500 million senior notes for a tenure of 3.5 years and an interest rate of 5.95 per cent. It received a show cause notice in relation to Shriram Holdings over allegations that SHMPL issued warrants without relevant approvals.
Suven Life Sciences: Board of the firm approved increasing investment limit in US to $50 million from $25 million with enhancement of investment for clinical trials on molecules in the pipeline.
Prestige Estates: The firm acquired remaining 51 per cent in Babji Realtors for Rs 364 crore.
Hathway cable: The firm saw an operationally weaker quarter while other income boosted profitability.
Macquarie on DR Reddys: Neutral, TP Rs 2648
Citi On DRL: Sell, Target 2600
Macquarie On Reliance Ind: Neutral, TP Rs 1290
Edelweiss On RIL: Buy, Target 1636
Goldman Sachs on ICICI BK: Reiterate Buy, add to our Conviction List, with TP of Rs 492
Antique on Escorts: Initiate buy, TP Rs 976
UBS On Petronet: Buy, Target 280
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