Intraday Buy Call For Infosys

Intraday Buy Call For Infosys Stock market analyst Rahul Mohinder is of the view that investors can buy Infosys with intra-day target of Rs 2860.

According to analyst, the interested investors can buy the stock with stop loss of Rs 2750.

The shares of the company, on July 07, closed at Rs 2781 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 2875 and a low of Rs 1635 on BSE.

Current EPS & P/E ratio stood at 108.36 and 26.18 respectively.

Maradona urged to stay as the coach of the team

Maradona urged to stay as the coach of the teamArgentina’s recent devastating 4-0 loss against Germany in the World Cup quarter-finals has raised a question regarding Maradona’s continuation as Argentina’s coach.

An online poll by a newspaper showed 63.1% people want Maradona to quit. Similar results were shown by other polls as well.

The last major title Argentina won was the Copa America in 1993. The team had won the World Cup in 1978 and 1986. This year the team came back on track for a seemingly third World Cup title after winning all the group matches against Nigeria, South Korea and Greece.

CIL initial offer likely to be rescheduled

CIL initial offer likely to be rescheduledThe initial public offer of Coal India Ltd (CIL), which is much-awaited by the market, has a possibility of getting shifted to October-end instead of its initial plan of hitting the capital markets by September.

The reason for this probable delay is mostly due to ‘pitri paksh', that is the fortnight preceding Navaratri, which is considered an inauspicious period among many investors in India, especially in Maharashtra and Gujarat from where CIL is hoping to get a chunk portion of its issue proceeds.

SEZs unlikely to get tax sops under DTC

SEZs unlikely to get tax sops under DTCUnder the revised draft of Direct Tax Code (DTC), the Finance Ministry is unlikely to continue giving income-tax sops to special economic zones (SEZ), even though assurance has been given by the Commerce Ministry regarding the protection of the SEZ investors’ interests.

Commerce and Industry Minister Anand Sharma, and Finance Minister Pranab Mukherjee have a meeting last week to discuss the issue.

The Finance Ministry has hinted that they were not inclined to give in to the request of the Commerce Ministry regarding extension of sops for a number of reasons.

Japanese market hit its lowest figure

Japanese market hit its lowest figureJapanese stocks continue to decline. The reason behind such decline is that exporters were pulled down by a stronger yen. As a result, the Japanese shares have hit a seventh-month intraday low as the yen strengthened against the dollar and the euro.

The benchmark Nikkei 225 Stock Average lost around 85.0 points, which is equivalent to a decline of 0.92% to trade at about 9,181.78.

Meanwhile, the broader arrow of the Topix index was also dipped by 4.81 points, which is equivalent to around 0.57%, at 832.08. The currency markets have shown several changes in the day.

Long Term Buy Call For Prakash Industries

Long Term Buy Call For Prakash Industries Stock market analyst Gaurang Shah of Geojit BNP Paribas has maintained 'buy' rating on Prakash Industries Ltd stock in staggered way for gains of 30-40% in 18-24 months.

Today, the stock of the company opened at Rs 178.30 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 243.95 and a low of Rs 101.10 on BSE.

The company has once again done a very smart move during 1-2 years in which they are turning wholly integrated steel maker.

Moreover, the company has also finished backward integration.

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