Share Market news

2021-08-25 06:39:15 *Fund Houses Recommendations*


Jefferies on *ICICI Bank*: Maintains Buy on company, raise target price at Rs 900/Sh (Neutral)

Citi on *Gujarat Gas*: Maintains Buy on company, raise target price at Rs 850/Sh (Positive)

JP Morgan on *Insurance*: Business resilient despite of second wave, Prefer *SBI Life and ICICI Pru* (Positive)

Antique on *Steel*: Maintain BUY ratings on *Tata Steel, JSPL and SAIL, NMDC* (Positive)

CLSA on *Banks*: *ICICIBank, SBI & Axis Bank* are top picks (Positive) Open / Comment

2021-08-25 06:38:51 *Stocks in News*


*Tata Steel:* Brickwork Ratings has upgrade Long- term credit rating from Existing AA to AA+ .Outlook: Stable. (Positive)

*Brigade:* Upgrading of Long Term Rating by CRISIL Ratings. (Positive)

*Gokaldas:* To raise funds for an amount aggregating up to Rs 300 Crores (Positive)

*Emami:* Promoters get additional 2.34 lakh pledge shares released. (Positive)

*Adani ports:* Says Andhra Pradesh govt approves co’s acquisition of 10.4% stake in Gangavaram Port for Rs 645 cr. (Positive)

*Phillip Carbon:* To consider and evaluate proposals for raising funds (Positive)

*Canara Bank:* Rakesh Jhunjhunwala picks 1.59% stake. (Positive)

*ICICI Bank*: RBI has approved the re-appointment of Mr. Sandeep Bakhshi as Managing Director & CEO of the Bank (Positive)

*Centrum:* Board approved the sale of the entire business of 2 wholly owned Material Subsidiaries. (Positive)

*Fortis:* Ace Investor Rakesh Jhunjhunwala increases his stake in the company. (Positive)

*Sandur* Crisil upgraded the existing ratings. (Positive)

*Wipro*: The company has been awarded a strategic multi-year contract to partner with E.ON (Positive)

*PFC* signed an MoU with NHPC to lend funds for the development of Hydro Projects by NHPC (Positive)

*NTPC* looking to sell stake in JV with SAIL (Positive)

*ISGEC Heavy Engineering:* The company has bagged a major order for an EPC process plant from a prominent refinery. (Positive)

*Dishman Carbogen Amcis:* The company’s Switzerland-based subsidiary Carbogen Amcis AG. has entered into a co-investment agreement of more than CHF 4 million with a long-standing Europe-based client. (Positive)

*Prestige Estates Projects:* The company through its wholly-owned subsidiary Prestige Office Ventures has acquired a 70 percent stake in Shipco Infrastructure (Positive)

*Godrej Industries:* The company’s subsidiary Pyxis Holdings has acquired a majority stake in group firms Godrej Housing Finance Ltd (Positive)

*HDFC Bank:* The bank has divested over 2 percent stake in Central Depository Services (India) Ltd (CDSL) in tranches during June-August this year, garnering nearly Rs 223 crore from the sale. (Neutral)

*IndusInd Bank:* India Ratings assigns the bank’s Tier II Bonds rating at ‘IND AA+’/Stable. (Neutral)

*CreditAccess Grameen:* The company board approved the issuance of non-convertible debentures aggregating up to Rs 100 crore. (Neutral)

*Sterling Tools:* ICRA has reaffirmed the long-term as well as short-term credit ratings of the company. (Neutral)

*Auro Pharma:* Promoters create additional pledge on 3 Lakh Shares (Negative)

*IFCI*: Revision in Credit Rating – Downgraded (Negative) Open / Comment

2021-08-25 06:21:12 Stocks in News


Wipro: The company has been awarded a strategic multi-year contract to partner with E.ON in its digital transformation journey in the financial area. Besides, it said it will open a new delivery centre in Sherwood, Arkansas.


Tata Steel: Brickwork Ratings upgrades the ratings for the unsecured Non-Convertible Debentures/Bond Issues aggregating Rs 4,000 crore of the company from BWR AA/Stable to BWR AA+/Stable.


Dollar Industries: CARE Ratings revised the credit rating from CARE A+; Positive to CARE A+; Positive for long-term facilities and reaffirn1ed the existing credit rating CARE A1+ for short-term facilities/Commercial Paper issue.


IndusInd Bank: India Ratings assigns the bank's Tier II Bonds rating at ‘IND AA+'/Stable.


CreditAccess Grameen: The company board approved the issuance of non-convertible debentures aggregating up to Rs 100 crore.


Sterling Tools: ICRA has reaffirmed the long-term as well as short-term credit ratings of the company.


Brigade Enterprises: CRISIL Ratings has upgraded the long-term rating for the credit limits of the company from banks to CRISIL A+/stable from CRISIL A/stable. Open / Comment

2021-08-25 06:20:51 STOCKS IN F&O TRADING BAN FOR TODAY:

CANARA BANK

NMDC

STEEL AUTHORITY OF INDIA

VODAFONE IDEA Open / Comment

2021-08-24 17:59:24 First IPO of Next Month -
Vijaya Diagnostic Center Confirmed

Issue Dates : 01 - 03 September
Issue Size : 3,56,88,064 Shares

Retail Quota : 35% of Issue Size
Registrar of the Issue : Kfintech Open / Comment

2021-08-24 09:14:08 Open / Comment

2021-08-24 07:18:15 *Fund Houses Recommendations*


CS on *HUL*: Maintains Outperform on company, raise target price at Rs 2900/Sh (Neutral)

Macquarie on *Gail*: Maintains Outperform on company, raise target price at Rs 205/Sh (Positive)

Citi on *IT*: IT sector valuations looking a bit stretched in absolute terms across the board, Prefer *HCL and Tech Mah* (Positive)

Citi on *Real estate*: 2nd wave impact seen temporary, Prefer *Phoenix, Sobha and Oberoi Real* (Positive)

CLSA on *Pharma*: Earnings momentum for pharma sector remains healthy after Q1, Prefer *Sun Pharma, Cipla and Torrent Pharma* (Positive)

MS on *Dixon tech*: Maintains Underweight on company, target price at Rs 3127/Sh (Neutral) Open / Comment

2021-08-24 06:04:50 Here's a lineup of all the major corporate meetings over next few days. Open / Comment

2021-08-24 06:03:59 Here's a look at the corporate insider trades reported on Monday. Open / Comment

2021-08-24 06:03:15 Here's a look at the bulk deals. Open / Comment