Public sector engineering consultancy company Engineers India Ltd. (EIL) has opened its follow on public offer (FPO) for subscription. The issue, for which the government had announced a price band of Rs. 270-290 on Monday, will remain opened to July 30.
The world's second largest forgings maker, Bharat Forge has recently made a strong comeback in the Indian market. In fact, the company has recently reported a consolidated profit for June-quarter versus a loss a year ago helped by higher sales from its overseas subsidiaries. 
Under a recently announced deal, Private equity firm Actis will buy out the loss-making, general-lighting business of Noida-based Halonix. However, the component maker will be left with its attractive automotive lightning business and under the announced deal; Halonix will be hiving off the non-automotive lighting business into a wholly-owned subsidiary. 
While there have been debates on upping the FDI in the Indian defence sector for the past many months now but the Industry chamber FICCI has recently said that it is not in the favour of raising the foreign direct investment (FDI) cap in defence saying the existing limit of 26 per cent has attracted sufficient investment in this strategic sector. 
Bajaj Auto, the second largest two-wheeler manufacturer in the Indian market expects its loss making Indonesian subsidiary, PT Bajaj Auto Indonesia to break even by 2012. it is to be mentioned here that the company announced a CKD production at the Indonesia unit a few days back and recently Kevin D'sa, president (finance), Bajaj Auto confirmed that the Indonesia unit will break even by 2012.BOB Capital Markets has upgraded Kalyan Jewellers to BUY from HOLD with a target price of Rs 786, implying about 18% upside from Rs 664.
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Featured, India Business, Analyst View, BOB Capital Markets, Bullion Update, India, Kalyan Jewellers
Featured, India Business, Analyst View, Stock Markets, ICICI Securities, India, Steel Sector, Tata Steel
ICICI Securities has retained its BUY call on Tata Steel with a revised sum-of-the-parts target of Rs 230, implying 24% upside from Rs 185 over 12 months.
Axis Securities has kept its BUY call on Pricol Ltd with an unchanged target price of Rs 935, about 28% above the Nov. 5 closing price of Rs 728.
Featured, India Business, Analyst View, Auto Sector, BOB Capital Markets, India, Mahindra & Mahindra
BOB Capital Markets has retained its BUY rating on Mahindra & Mahindra but trimmed its target price to Rs 4,387 from Rs 4,530, still implying about 40% upside from the Rs 3,128 market price.
Featured, India Business, Analyst View, Stock Markets, ICICI Securities, India, Retail Sector, Swiggy
ICICI Securities has maintained its BUY rating on Swiggy but cut its target price to Rs 400 from Rs 520, still implying about 90% upside from the Rs 211 market price.
ICICI Direct, the retail research arm of ICICI Securities, has maintained its BUY call on Stylam Industries with a revised 12-month target price of Rs 3,750, about 21% above the current market pric
Main Regional Stories
ICICI Direct, the retail research arm of ICICI Securities, has reiterated its BUY call on Saregama India with a 12-month target price of Rs 740, about 16% above the Rs 638 market price, after the RPSG Group music label posted a robust September qu
Featured, India Business, Analyst View, Stock Markets, BOB Capital Markets, Cera Sanitaryware, India, Mumbai
BOB Capital Markets has maintained its BUY rating on Cera Sanitaryware with a target price of Rs 6,437, implying about 34% upside from the Nov. 5 closing price of Rs 4,802.
ICICI Securities has maintained its BUY call on Power Grid Corporation of India, trimming its target price to Rs 350 from Rs 360, which implies about 35% upside from the current market price of Rs 260.
Featured, Analyst View, Futures & Options, Stock Markets, Banking Sector, ICICI Securities, India, SBI
ICICI Securities has maintained its BUY call on State Bank of India with an unchanged target price of Rs 1,300, implying about 34% upside from the current market price of Rs 970.
