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KAMAL KISHORE BAHETI
Stocks in the news: SBI Life, Biocon, L&T, Dr Reddy's Labs and Manpasand BeveragesPower Grid said it has bagged an inter-state power transmission project under a tariff-based competitive bidding.- Buy McLeod Russel (India), target Rs 220: Nirmal Bang SecuritiesBuy McLeod Russel (India) Ltd. at a price target of Rs 220.0 and a stop loss at Rs 205 from entry point.
- Promoters ride the bull run, make most of high valuationsPromoters generally part with their stakes only when their company’s valuations are rich.
- This Rakesh Jhunjhunwala stock surged over 15% last week; 52 stocks hit all-time highsSectorwise, the BSE Metal index tanked 4 per cent, followed by BSE PSU index and BSE IT.
- McLeod Russel recovers 21% from day’s lowThe stock has gained in the last nine out of the 11 trading sessions and rose 45% in this period.
- Nomura picks up 9% stake in McLeod RusselAfter the stake sale, promoter Kamal Kishore Baheti's holdings dropped to around 15.59%.
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