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News in Focus


ICICI Securities has maintained a Buy rating on Motilal Oswal Financial Services, raising its target price to Rs 1,024 from Rs 975, implying 20% upside from the current market price of Rs 855.

Anand Rathi has maintained a Buy rating on Waaree Energies, though it trimmed the target price to Rs 3,333, implying roughly 27% upside from the current market price of Rs 2,624.

Deven Choksey Research has maintained a Buy rating on Bajaj Housing Finance, setting a target price of Rs 107, implying 23% upside from the current market price of Rs 87.

Illegal cryptocurrency mining is draining electricity grids and funding organized crime across Southeast Asia, with Malaysia at the epicenter.

Axis Securities has maintained a Buy rating on Dabur India, though it trimmed its target price to Rs 515 from Rs 550, still implying 19% upside from the current market price of Rs 433.
Main Regional Stories

ICICI Securities has maintained a Buy rating on Vedanta Aluminium Metal, holding its target price at Rs 520, implying 14% upside from the current market price of Rs 457.

Motilal Oswal has upgraded its rating on Bajaj Finance to Buy from Neutral, setting a target price of Rs 1,300, implying 23% upside from the current market price of Rs 1,054.

ICICI Securities has maintained a Buy rating on Mahindra & Mahindra, raising its target price to Rs 4,100 from Rs 4,000, implying 25% upside from the current market price of Rs 3,284.

IDBI Capital has reiterated a Buy rating on Home First Finance Company, setting a target price of Rs 1,400, implying 19% upside from the current market price of Rs 1,181.
Godrej Group's real estate arm, Godrej Properties Ltd. has announced its first quarter financial results for the fiscal year 2010. As per the financial reports it has managed to post an impressive growth in the net profit.
K Rosaiah, the Andhra Pradesh Chief Minister and the Oscar winning music director A. R. Rahman graced the musical launch of Pawan Kalyan’s movie entitled Komaram Puli. A. R. Rahman was accompanied to this event by his mother. Apart from the movie’s cast and crew several hundred fans attended the occasion. The music of the film was launched with enviable style and grace.
Television channels in India are ready to pay a huge amount these days to get the rights of any superstar movies. Malayalam television channels are no different in this case. Asianet channel has recently paid a huge amount of Rs 3 crores to buy the television rights of the Mohanlal starrer Malayalam movie Christian Brothers.
Bollywood has been associated with various fashion brands through their films all these years. But, the Sonam Kapoor starrer movie Aisha has managed to tie-up with high-end international brands like Salvatore Ferragamo and Christian Dior, which are usually unavailable for Hindi films.
Release of multiple films on a single Friday is never a good idea. However, the makers of 'Lamhaa' can't be blamed if they thought of last Friday as the best possible weekend for the release. After all when the date was decided a few weeks back, films like 'Tere Bin Laden' and 'Udaan' hardly seemed to be any competition. Also, the Hollywood release 'Inception' wouldn't have been considered as a challenge by any means.
Ok, so the makers of 'Milenge Milenge' have led everyone to believe that their film is a success. While some may argue that how a film that nets just a little over 10 crores in its first week could be termed as a success in today's time, especially since it stars top players like Shahid Kapoor and Kareena Kapoor, producer Boney Kapoor has a strong reasoning. After all, the film was made on a medium budget half a decade back and even if one counted the interest, the ROI (return on investment) has been gladdening.








