Research house Motilal Oswal has given a buy call for automotive major Hero MotorCorp with a target price of Rs 2340. Hero MotorCorp has been showing stellar performance over past several quarters.
The company reported 7.4 per cent year-on-year growth in sales volume at 1.64 million units. Despite the price increase, the company managed to register good growth in volumes and has maintained market dominance.
Pharmaceutical major Ranbaxy Laboratories in planning to launch Absorica in US market by the end of year. Ranbaxy has shown stellar performance in the past quarterly result and the stock price has seen significant jump in valuations.
Cipher Pharma, the company having patented brand formulation of the acne medication isotretinoin, will receive $9 million from Ranbaxy Laboratories as per media reports.
The stock price on NSE was down by 0.6% at Rs 526. The company has touched 52-week high and low of Rs 570 and 365 respectively.
Stock market analyst Dilip Bhat of Prabhudas Liladhar has maintained 'buy' rating on Voltas Ltd stock, which is in a long-term uptrend.
According to analyst, the stock can be purchased with the target to make 30-40% returns in 12-15 months.
Today, the stock of the company opened at Rs 203.05 on the Bombay Stock Exchange (BSE).
The share price has seen a 52-week high of Rs 210.45 and a low of Rs 117 on BSE.
Current EPS & P/E ratio stood at 9.31 and 21.72 respectively.
Voltas Limited is an engineering, air conditioning and refrigeration company
Technical Analyst Dilip Bhatt of Prabhudas Lilladher has maintained 'buy' rating on UCO Bank stock with long term target between Rs 110-120.
According to Mr. Bhatt, the investors can achieve the said target in period of 12 months.
Today, the stock of the bank opened at Rs 77.15 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 76.40 and a low of Rs 37.90 on BSE.
According to reports, UCO Bank has put its plan to make entry in Dubai on hold.
The bank took this decision owing to worldwide slump and of the economic crisis in UAE.