Mentha oil August contract dropped Rs 2 and settled at Rs 713.2 a kg as speculators indulged in profit-booking amid fall in demand in the spot market. Increased arrivals from the producing belts in Uttar Pradesh also weighed on the prices. The contract made intraday low of Rs 710 a kg and high of Rs 715 a kg with the volume of 921 and total open interest for the same contact was at 2724.Now support for the menthol is seen at 710.5 and below could see a test of 707.7. Resistance is now likely to be seen at 715.5, a move above could see prices testing 717.7.
Pepper August delivery dropped Rs 53 and settled at Rs 20649/quintal as traders booked profits o
Guar yesterday we have seen that market has moved -2.9% as good rainfall in Rajasthan over the weekend is expected to boost sowing operations and on weakening demand for the byproducts of guar seed. This rainfall may help in accelerating the sowing operations in Rajasthan. In the Jodhpur spot market, guar seed fell 71 rupees to end at 2,298 rupees per 100 kg. Market has opened at 2436 & made a low of 2361 versus the day high of 2436. The total volume for the day was at 365880 lots and the open interest was at 174900.Now support for the guar is seen at 2349 and below could see a test of 2317. Resistance is now likely to be seen at 2424, a move above could see prices testing 2467.
Stock market analyst Sanjay Surekha has maintained 'buy' rating on HDFC Bank stock with long term target of Rs 2180.
Mitsui Mining & Smelting Co. said it raised its zinc selling price by Y10,000 to Y210,000 a metric ton. This will bring the average zinc selling price for July to Y204,800. Zinc yesterday we have seen that market has moved 0.67%. Market has opened at 89.5 & made a low of 88.85 versus the day high of 90.45. The total volume for the day was at 23890 lots and the open interest was at 5532.Now support for the zinc is seen at 89.3 and below could see a test of 88.3. Resistance is now likely to be seen at 90.9, a move above could see prices testing 91.5.
According to the prime minister of Lebanon, the findings of a tribunal probing the 2005 slaying of a former Lebanese prime minister will not push the country toward civil war.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
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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.
