Share market news

2021-09-27 09:08:50 GSFC in focus
Melamine Prices soared (Domestic brokerage)
• Strong demand from building and construction sector amid tight supply due to some of the plant shutdown in European and Asian region mainly China have increased Melamine prices. Demand was also strong from the automotive sector as economies are in the recovery path- post Covid. Logistic issues further elevated the supply side issue. Melamine prices have almost doubled to 300/kg+ in spot market from an average of 140/kg in Q1FY22.
• Meanwhile, In India Ministry of commerce have recently recommended the extension of Anti Dumping Duty on Melamine for 5 years (which was ending on September 2021).
• GSFC has a total capacity of 55,000 MTPA of Melamine ( 3 plants- 40k, 10k, 5k). Open / Comment

2021-09-27 06:43:51 *Fund Houses Recommendations*

Macquarie on *Lupin*: Upgrade to Neutral on company, target price at Rs 1006/Sh (Positive)

GS on *IT*: Maintains Buy on *Infosys and TCS* from the sector (Positive)

JP Morgan on *Havells*: Maintains Overweight on company, target price at Rs 1500/Sh (Positive)

JP Morgan on *ONGC*: Maintains Overweight on company, target price at Rs 190/Sh (Positive)

Axis on *Can Fin Homes*: Maintains Buy on company, target price at Rs 800/Sh (Positive)

Citi on *UBL*: Maintains Buy on company, target price at Rs 1605/Sh (Neutral)

GS on *UBL*: Maintains Buy on company, target price at Rs 1501/Sh (Neutral)

CLSA on *Lupin*: Maintains Sell on company, target price at Rs 970/Sh (Neutral)

GS on *Mindtree*: Downgrade to Sell on company, raise target price at Rs 3699/Sh (Neutral)

GS on *MPhasis*: Downgrade to Neutral on company, raise target price at Rs 3014/Sh (Neutral) Open / Comment

2021-09-27 06:29:26 Steel Stocks in China See Sharp sell off today

FTSE China A 600 - Industrial Metal index down 5%

China HRC, CRC prices down 5-6% this month

Slab, Wire, Rebar prices also down

Prices update Open / Comment

2021-09-27 06:04:51 Open / Comment

2021-09-27 06:01:42 Here's a lineup of all the major corporate meetings over the next few days. Open / Comment

2021-09-27 06:00:50 Here's a quick look at the corporate insider trades reported on Friday. Open / Comment

2021-09-27 06:00:07 Here's a quick look at all the bulk deals. Open / Comment

2021-09-27 05:58:21 Open / Comment

2021-09-26 20:07:50 *RELIANCE*: JIO ADDS NET 6.5M MOBILE USERS IN JULY (Supportive for stock prices)

*BHARTI AIRTEL:* ADDS NET 1.9M MOBILE USERS IN JULY (Supportive for stock prices)

*VODAFONE IDEA:* LOSES NET 1.4M MOBILE USERS IN JULY (Neutral for stock prices) Open / Comment

2021-09-26 17:42:48 Open / Comment