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.
Indian market had a volatile session with indices almost closed flat. SENSEX closed at 18103, down 9 points and Nifty at 5444, up 2 points from the previous close. CNX MIDCAP index was down 0.4% and BSE SMALLCAP index was down 0.6%. The market breadth was negative with advances at 437 against declines of 834 on the NSE. TELECOM and FMCG stood firm while REALITY and METALS traded in red. Top gainers included BHARTIARTL, BHEL, ITC, INFOSYS, SBIN, AXISBANK and IDEA. Top losers are listed as JAIPRA, ONGC, DLF, NTPC, JINDALSTEL, RANBAXY, STER, RELCAPITAL, GAIL and UNITECH.
Genus Power Infrastructure Ltd., based in Jaipur was incorporated in the year 1992 as Genus Overseas Electronics Ltd. In the year 1994, the company started manufacturing Thick Film Hybrid Microcircuits & SMT PCT Assemblies. In the year 1998, the company became the largest manufacturer of Energy Meters. In the year 1999, multi-functional and multi-tariff meters were launched. Over the year the company significantly changed form only a meter manufacturer to an entrenched power infrastructure player.
State-run Bharat Heavy Electricals Limited (BHEL) has recorded an increase of 41.84% in its net profit, which stood at Rs 667.66 crore on account of increased net sales during the three month period.
Indian Premier League (IPL) team Kings XI Punjab finished up on the wrong side of the law today when a court issued bailable arrest warrants to its three owners including actress Priety Zinta, industrialist Ness Wadia and businessman Mohit Burman.
A new study has advised that washing raw chicken before cooking it raises the chance of food poisoning.
Bollywood perfectionist Aamir Khan is on a world tour to promote his latest production 'Peepli Live', which is due to hit screens by the coming month.








