The country's leading multi-brand pre-owned car company, Mahindra FirstChoice recently said that the company is targeting unit sales of close to one lakh units by the year 2014 in the domestic market. 
After proving its point in the Indian entry-level segment with the launch of Discover, Bajaj Auto has once again decided to focus on off-beat segment like the cruiser in order to ensure a complimentary portfolio under its umbrella. 
There is no denying to the fact that the Indian passenger car industry has been on a roll for the past few years now, all thanks to the rising consumer demand and the level of disposable income. 
After the government has showed its intentions of deregulating the prices of diesel in the Indian market several car makers are anxiously watching the government's move as a large chunk of the future strategy of the company will depend on the decision of the government. Experts are of a view that the price differential among the two i.e. petrol and diesel will decide how will the auto majors would like to launch their diesel models in the Indian market. 
Part of the State Bank group, State bank of Mysore (SBM) has announced a 35 per cent increase in its net profit for the quarter ending June 30. In money terms, it is at Rs. 111.39 crore said the Bangalore-based bank.
National Stock Exchange (NSE) has launched a new volatility index. This would do the business on a real-time basis and will allow the investors to hedge their portfolios without getting involved with the risks related to this kind of investment.ICICI Securities has maintained its BUY call on IDFC First Bank with a revised 12-month target price of Rs 95, down from Rs 100, implying about 32% upside from the current market price of Rs 72.
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Deven Choksey Research has maintained its BUY rating on HDFC Bank with a target price of Rs 981, implying about 43% upside from Rs 688.
Anand Rathi Research has maintained its BUY call on DCB Bank with a 12-month target price of Rs 312, implying about 56% upside from the Rs 200 share price.
Featured, India Business, Analyst View, Stock Markets, Godrej Properties, India, Motilal Oswal, Real Estate
Motilal Oswal Financial Services has reiterated its BUY call on Godrej Properties with a target price of Rs 2,200, implying about 47% upside from the current market price of Rs 1,498.
Featured, India Business, Analyst View, Stock Markets, Hotels Sector, ICICI Direct, India, ITC Hotels
ICICI Securities has maintained its BUY call on ITC Hotels with an unchanged 12-month target price of Rs 220, implying about 29% upside from the current market price of Rs 170.
Featured, India Business, Analyst View, Emkay Global, India, Insurance Sector, Nippon Life, Personal Finance
Emkay Global Financial Services has reiterated its BUY call on Nippon Life India Asset Management with an unchanged September 2027 target of Rs 1,300, about 33% above the current price of Rs 976.
Main Regional Stories
Emkay Global Financial Services has reiterated its BUY rating on IndusInd Bank, trimming its 12-month target price by 12.5% to Rs 1,050 from Rs 1,200, which implies about 25.7% upside from the current market price of Rs 835.
Advanced Micro Devices declined nearly 12 percent during the trading session as Intel declined 30 percent. AMD was down during premarket but the stock slipped further during the trading session.
Intel shares fell as much as 30% in early trading Friday, wiping out more than $125 billion in market value and putting the chipmaker on course for its worst session since 1974.
Featured, India Business, Analyst View, Stock Markets, Finance Sector, India, Motilal Oswal, Shriram Transport Finance
Motilal Oswal Financial Services has reiterated its BUY call on Shriram Finance with a target price of Rs 1,155, about 33% above the Rs 867 share price. The September quarter was mixed.
