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Infosys stock likely to open up 5% today"Infosys posted strong numbers with extremely positive guidance, can expect 4-5% gap up opening and options data shows that the highest ope...
Earnings impact: Bank of Baroda surges 10%, ITC gains 4% and Dr Reddy's 5%Bank of Baroda, ITC and Dr Reddy's were on a roll today after they reported their quarterly earnings. Here's the lowdown:
Infosys expensive despite strong Q1 results, says analystInfosys reported volume growth at 5.4 per cent QoQ, its highest in 19 quarters. It has guided for a revenue growth of 10-12%.
Medicines for diabetes, infections to cost 40 per cent lessMedicines widely used to treat diabetes, infections, pain and digestive disorders will cost 5-40 per cent less with immediate effect
Axis Bank shares rise over 3%; adds Rs 4,259 crore in mcapShares of the bank gained 3.30 per cent to settle at Rs 552.90 on the BSE. During the day, it surged 4.79 per cent to Rs 560.90.
Maintaining a neutral stance on the entire aviation space: Mayuresh JoshiThe cash flows improvement would be based on a lot of multitude factors and macro development as well and improvement in macro factors as w...
Optimistic on IT sector: Mayuresh JoshiQ4 when the discretionary budgeting decisions start firming up and clearly both these quarters traditionally weak quarters for the entire s...
Ranbaxy turns weak as Germany bans import from DewasAt 11:00 a.m.; the stock was at Rs 626.50, down 0.65 per cent, on the BSE. It fell 1.43 per cent to touch intraday low of Rs 621.55 in trad...
Tech Mahindra acquires US-based LCC; stock hits 52-week highThis is the largest acquisition for Tech Mahindra and is expected to close by 4QFY2015. It will be financed through cash.
Positive on Ashok Leyland after quarterly results; buy on correction: Mayuresh Joshi"We would probably wait for corrections on this stock as well because our belief is that at 10 times forward most of the positives from an ...
Positive for Dr Reddy’s in pharma sector: Mayuresh JoshiIncidentally from the midcap pharma space, Dishman Pharma is what we are liking. The stock has disappointed in terms of EBITDA margins in t...
Buy MM Forging and LG Balakrishna: Mayuresh JoshiWe are liking from this space again has run up. We have recommended quite a few stocks in this space MM Forging, LG Balakrishna.
Recommend Motherson Sumi, Bharat Forge in auto ancillary space: Mayuresh Joshi"Specifically companies like Motherson Sumi where utilisation levels are improving, new plants being put in that will drive the margins."
Buy Goodyear, Apollo Tyres, TVS Srichakra within tyre space: Mayuresh JoshiGoodyear has shown good amount of volume growth and we are expecting the sales growth to be quite robust going forward.
NPPA caps prices of 43 drug formulation packs"The prices have been fixed / revised in respect of 43 formulation packs, both ceiling and retail price packs, under DPCO, 2013," NPPA said.
Govt should be given more time to roll out and implement policies: Mayuresh Joshi, Angel Broking"Implementing policies thick and fast is a tough thing to do. So, one needs to give the government a little bit more time to formulate them...
FIPB approval would be a key trigger for HDFC Bank's stock: Mayuresh Joshi of Angel BrokingHDFC has breached its FII limits and the FIPB approval for enhancing their limits would be a key trigger for the stock going forward.
Nifty will find it very difficult to break 7900-7950 barrier: Mayuresh Joshi of Angel BrokingThere could be 100-200-point move on the outside with the kind of flows we are witnessing but clearly, one should have stock specific actio...
Lupin gains post Q4 results;brokerages raise target priceLupin reported a net profit of Rs 553 cr for the quarter ended March 204, up 35.5%, from Rs 408 cr in the corresponding quarter last fiscal.
Ranbaxy shares settle 1.51 per cent down; market capitalisation erodes by Rs 43 croreShares of Ranbaxy Laboratories today settled for the day with losses of 1.51 %, pursuant to which the market capitalisation eroded by Rs 43...