Business News

Exit Polaris Software On Rally - Manghnani

PolarisAnil Manghnani of Modern Shares & Stock Brokers has suggested investors to exit Polaris Software Lab on rally.

Manghnani told, "Polaris is very weak. It’s fallen from Rs 237 all the way to Rs 104; this stock has a history of painfully hitting people by moving up sharply and then giving up all the gains over a six-month period. As of now it’s very weak on the charts and its just look like a technical bounce, my advice is to sell into every rally, just trading levels will be Rs 125 then Rs 137 and Rs 143, somewhere around the high level to get out of the stock."

ITC Can Test Rs 201 Above Rs 184 - Anil Manghnani

Anil ManghnaniAnil Manghnani of Modern Shares & Stock Brokers is of the view that above Rs 184, ITC can test Rs 201.

TCS Has Target Of Rs 1200 – Anil Manghnani

Anil ManghnaniTata Consultancy Services of Modern Shares & Stock Brokers is of the view that Tata Consultancy Services (TCS) has trading target of Rs 1200.

Indiabulls Denies Involvement In Fake ‘F&O’ Deals

IndiabullsBrokerage firm, Indiabulls Financial Services, denied media reports hinting their participation in any fake trading or price fixing in the futures & options (F&O) segment.

According to a company release that Indiabulls Securities or any of its group companies have not been concerned in any counterfeit trading or price fixing in F&O division and have not traded directly or indirectly on its own account in the 23 trades on the F&O segment as mentioned in the SEBI order.

Car Loans Get Expensive Due To RBI Rate Hike

Reserve bank of IndiaThe hiking rates of Reserve bank of India may shatter your dreams to buy your dream cars. The interest rates on car loans have been lifted up anything between 75 - 100 basis points, by Car loan lenders. This increase will result in Rs 50 monthly increase on a five year loan which has a daily rest basis.

According to report of the Direct selling agents (DSAs) of ICICI Bank to TOI, they have received a communique from the bank about the hike effective from Monday. Officials said, “We used to lend at rack rates of 15% per annum, we are now been told that the new rates will be 16% effective from Monday,”




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