Natural gas traded with the negative node and settled -3.74% down at 205.9 on Tue
DRL’s Q3FY11 results were a mixed bag. The sales growth and adjusted margins were tad below expectation but adjusted PAT was above our estimates on back of lower tax rate. Near term trigger for the stock would be launches of Fondaparinux and generic Allegra D-24 products in US.
Turmeric yesterday we have seen that market has moved 0.22% helped by ba
Jeera February contract dropped Rs 160 and settled at Rs 15360 a kg due to continued profit booking
Soyabean yesterday we have seen that market has moved -0.46% on selling by traders, in tandem with weak global markets cue. Bullish fundamental factors like thin arrivals and strong buying interest from crushers in the spot market supported prices. At the Indore spot market in top producer MP, soybean dropped -1 Rs to 2467Re 100 kgs. Market has opened at 2506 & made a low of 2485 versus the day high of 2522. The total volume for the day was at 87950 lots and the open interest was at 171360.Support for soyabean is at 2489 below that could see a test of 2468. Resistance is now seen at 2526 above that could see a resistance of 2542.
Mentha oil February contract dropped Rs 5.4 and settled at Rs 1174.9 a kg on the account of waning demand by exporters at elevated levels along with steady supply of mentha oil in major mandies. As per latest data release by Spice Board India, the total exports during April to December period were shrugged of by 12% to 13750 tonnes. The contract made intraday low of Rs 1166.5 a kg and high of Rs 1180 a kg with the volume of 1247 and total open interest for the same contact was at 3242.Now support for the menthol is seen at 1167.6 and below could see a test of 1160.3. Resistance is now likely to be seen at 1181.1, a move above could see prices testing 1187.3. IDBI Capital has maintained its BUY recommendation on Apeejay Surrendra Park Hotels Ltd.
News in Focus
Featured, India Business, Analyst View, Auto Sector, Bajaj Auto, Geojit Financial Services, Maharashtra
Geojit Financial Services has upgraded Bajaj Auto Limited to a BUY rating from HOLD, assigning a 12-month target price of Rs.
Keynote Capitals has maintained its BUY recommendation on Yatra Online Limited, assigning a target price of Rs. 206 against the current market price of Rs.
Tata Steel share price declined 1.8 percent on Friday after reports of fire at its UK-based steel plant. The company shared the fire was contained but there was damage at the steel plant.
Featured, India Business, Analyst View, Stock Markets, ICICI Securities, India, Indo Count Industries, Textile Sector
ICICI Securities has retained its BUY call on Indo Count Industries, setting a revised 12-month target of Rs 418, versus a current market price of Rs 344.
Featured, India Business, Analyst View, Stock Markets, Engineering Sector, ICICI Direct, India, Siemens
ICICI Securities has maintained a HOLD rating on Siemens Ltd., with a 12-month target price of Rs 4,190, implying about 12% upside from the current market price of Rs 3,750.
Main Regional Stories
ICICI Securities has reiterated a BUY recommendation on Kajaria Ceramics, setting a target price of Rs 1,300, implying about 17% upside from the current market price of Rs 1,114 over a 12-month horizon. The brokerage’s thesis rest
ICICI Securities has reiterated a Buy call on Lemon Tree Hotels Ltd., with a revised target price of Rs 142, implying 29% upside from the CMP of Rs 110 over a 12-month horizon.
Featured, India Business, Company Results, Analyst View, Greenpanel Industries, India, Prabhudas Lilladher
Prabhudas Lilladher has retained a BUY recommendation on Greenpanel Industries, with a target price of Rs 332 against a current market price of Rs 186, signaling substantial upside if the company executes on its turnaround plan.
Motilal Oswal has reiterated a BUY call on NMDC and pegged a target price of Rs 106, implying about 15% upside from the current market price of Rs 92.
