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.
News in Focus


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.

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.

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

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.

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.
The country's leading auto major has surely been the apple of the eye of many industry experts but it's recently announced Q1 results for the fiscal have been a party spoiler. In fact, the company has reported a 20% decline in net profit at Rs 465 crore for the first quarter on higher raw material costs and royalty and lower other income.
The troubled airline, Air India may have been having a tough time making its presence in the Indian airline industry and still keeping its bottom line healthy, but the airline carrier is certainly its level best to ensure a healthy future. In fact, the airline has recently unveiled a new turnaround plan with which is it trying to cut the Maharaja's losses and make money for an airline that is struggling to survive.
Stock market analyst Salil Sharma has maintained 'buy' rating on Tata Consultancy Services (TCS) Ltd stock with a short term target of Rs 862.
Natural gas finished slightly higher after a choppy trading session, pulled in op
Mahindra Finance, the financial services arm of auto major Mahindra and Mahindra has recently said that the company is expecting to get the regulatory approval for entering into the asset management business during the fiscal. In fact, the MD of the finance arm of the conglomerate, Ramesh Iyer said that the company has already applied for asset Management Company and it is hoping to get SEBI (Securities and Exchange Board of India) approval during the year.
Jeera August contract dropped Rs 481 and settled at Rs 14690 a kg as arrivals picked up in the spot market and on poor domestic and overseas demand. Arrivals have improved in the domestic market as farmers are getting attractive prices. At Unjha, jeera dropped 47 rupees to end at 14,625 rupees per 100 kg. Jeera exports in April-June 2010 fell 20 percent to 10,750 tonnes from the same period a year ago. The contract made intraday low of Rs 14590 a kg and high of Rs 15290 a kg. Support for jeera is at 14423 below that could see a test of 14157. Resistance is now seen at 15123 above that could see a resistance of 15557.








