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News in Focus

Geojit Stock Research Team has issued a ‘BUY’ recommendation for Dalmia Bharat, citing robust business fundamentals, sectoral tailwinds, and an attractive valuation window.

Motilal Oswal Financial Services has reiterated a BUY recommendation on Mahindra & Mahindra Financial Services (MMFS), targeting Rs 400 per share—reflecting a potential 15% upside from current

Poonawalla Fincorp, a leading retail lending non-banking financial company, stands at an inflection point and long term investors can get decent returns on this financial services counter.

Axis Securities , through its research division, has issued a compelling BUY recommendation on RITES Limited, the Navratna central public sector enterprise operating under the Ministry of Railways.

Geojit Research has maintained its BUY recommendation on public sector banking major Bank of Baroda (BoB), setting a revised target price of Rs.
Main Regional Stories

Geojit Investments Limited has maintained its BUY rating on Bharat Electronics, establishing a formidable 12-month price target of Rs. 504, translating to a compelling 20% upside from current market valuations of Rs. 421.

Motilal Oswal Financial Services has maintained BUY recommendation on automobile major Mahindra & Mahindra with a compelling target price of Rs 4,275—representing an upside potential of 15% from the current market price of Rs

Motilal Oswal Financial Services has reiterated its BUY recommendation on Reliance Industries , with a revised target price of Rs 1,765, implying 16% upside from current levels.

Hem Securities Research has issued a decisive "SUBSCRIBE" recommendation for Sudeep Pharma Limited's initial public offering, valuing the company at a price band of Rs 563-593 per share—representing a P/E multiple exceeding 30x on post-issue annua
Crude oil prices ended higher after the government data showed a bigger than expected draw down in crude inventories. The Energy Information Administration reported a decline of 5.1 million barrels in US crude inventories in the week ended July 9. U.S. oil refining capacity fell for the first time since 2003 as the weak economy reduced demand for gasoline, diesel fuel and other petroleum products, the Energy Information Administration said. Now support for the crude is seen at 3588 and below could see a test of 3553. Resistance is now likely to be seen at 3649, a move above could see prices testing 3675.
Silver edged higher on some positive industrial sentiment that outweighed the lack of safe-haven demand on a quiet day for U.S. equities. Silver opened the day at 29031 on dollar resilience, before it slipped to a low of 28962. The metal later mounted a response, receiving a confidence boost from avaricious funds that entered the metal on improving gold and base metals, sending it to a high of 28229. The commodity was depleted closing at 29135.Now support for the silver is seen at 28965 and below could see a test of 28795. Resistance is now likely to be seen at 29302, a move above could see prices testing 29469.
Gold fell as equities and currency markets were stable, leaving little demand for gold as a rainy-day asset. Gold opened at 18430, as the dollar recuperated after being subdued the previous day. After substandard retail sales dampened investor sentiment, the metal retorted to a high of 18505 as the greenback lost its luster. The risk-taking was short-lived however, as the dollar recovered, sending gold a low of 18335, before it mustered a close of 18383.Now support for the gold MCX is seen at 18310 and below could see a test of 18238. Resistance is now likely to be seen at 18480, a move above could see prices testing 18578.
New Delhi, July 15 : Remember the Hollywood movies where you drool as much over the clothes and styling as over the plot? Now comes an Indian movie that promises to give glimpses of high street fashion in India and set a benchmark for Bollywood.
Kolkata, July 15 - The Ruia Group, known for its buying spree, could acquire a European auto component company soon, chairman Pawan Kumar Ruia said.
U. S. researchers have found that having a bigger, nicer, more interesting home and more friends is linked to shrinking tumors in mice. 









