Nissan launches much-awaited Micra

MicraThe Japanese auto major, Nissan has recently announced the launch of its much-awaited hatchback Micra in the Indian market. Priced between Rs 3.98 lakh and Rs 5.29 lakh (ex-showroom, Delhi), the product has so far got over 2,000 bookings in the Indian market.

As the bookings had been opened on 25 May and the response was pretty encouraging, the company believes that the product will be able to bring high volumes on its door from the domestic circuit.

M&M to decide on Ssangyong on July 15

M&M to decide on Ssangyong on July 15It has been learned from the sources that the UV maker, Mahindra & Mahindra (M&M) will be holding a special board meeting on July 15 to finalise its decision on the bid for the troubles Korean auto major Ssangyong.

It is to be mentioned here that the beleaguered South Korean firm SsangYong Motor mainly manufactures sports utility vehicles (SUV) and recreational vehicles (RV) surely fits the portfolio of the utility vehicles major, but the company would still have to analyse the future viability of the acquisition.

Long Term Buy Call For Voltas

Long Term Buy Call For Voltas Stock market analyst Dilip Bhat of Prabhudas Liladhar has maintained 'buy' rating on Voltas Ltd stock, which is in a long-term uptrend.

According to analyst, the stock can be purchased with the target to make 30-40% returns in 12-15 months.

Today, the stock of the company opened at Rs 203.05 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 210.45 and a low of Rs 117 on BSE.

Current EPS & P/E ratio stood at 9.31 and 21.72 respectively.

Voltas Limited is an engineering, air conditioning and refrigeration company

Buy Idea Cellular With Stop Loss Of Rs 63

Buy Idea Cellular With Stop Loss Of Rs 63Stock market analyst Anil Maghnani has maintained 'buy' rating on Bharti Airtel Ltd stock with an intraday target of Rs 68.

According to analyst, the investors can buy the stock with stop loss of Rs 63.

The stock of the company, on July 14, closed at Rs 64.35 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 2.89 and 22.54 respectively.

The share price has seen a 52-week high of Rs 84.85 and a low of Rs 48.05 on BSE.

Buy Jet Airways With Target Of Rs 800

Buy Jet Airways With Target Of Rs 800Stock market analyst Ashwani Gujral has maintained 'buy' rating on Jet Airways stock to achieve a long term target of Rs 800.

According to analyst, the investors can achieve the said target in a period of 12-14 months.

Today, the stock of the company opened at Rs 606 on the Bombay Stock Exchange (BSE).

Current EPS is -62.33.

The share price has seen a 52-week high of Rs 651.10 and a low of Rs 230 on BSE.

Sensex Opens Negative On Profit Booking

Sensex Opens Negative On Profit BookingToday, the Bombay Stock Exchange (BSE) Sensex belled the day after recording a loss of 63.45 points at 17,874.71 as against its last closure at 17,938.16 on Wednesday, due to profit booking seen at upper levels from local operators.

In the meantime, the broad-based Nifty opened on a steady note at 5,387.10 before allaying by nominal 4.45 points to 5,381.70.

The stocks witnessing huge selling activity were auto, realty, capital goods and PSU.

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News in Focus

Bharat Electronics Share Price Could Reach Rs 530: ICICI Securities Remains Bullish on PSU Major

ICICI Securities has maintained a Buy rating on Bharat Electronics, setting a target price of Rs 530, implying a 35% upside from the current market price of Rs 394.

NTPC Share Price Target at Rs 420: Axis Securities Remains Bullish on PSU Counter

Axis Securities has maintained a Buy rating on NTPC, though it has trimmed the target price slightly to Rs 420 from Rs 430, implying a 20% upside from the current market price of Rs 350.

SAIL Share Price Target at Rs 225: ICICI Securities

ICICI Securities has maintained a Buy rating on Steel Authority of India, setting a target price of Rs 225, implying a 36% upside from the current market price of Rs 165.

Bank of Baroda Share Price Target at Rs 390: Axis Securities

Axis Securities has maintained its Buy rating on Bank of Baroda, though it has trimmed the target price to Rs 290 from Rs 315, implying an 18% upside from the current market price of Rs 246.6.

Greenply Industries Share Price Target at Rs 355: Axis Securities

Axis Securities has reiterated a Buy rating on Greenply Industries Limited, raising its target price to Rs 355 from Rs 340, implying a 19% upside from the current market price of Rs 298.

SBI Life Insurance Share Price Target at Rs 2,350: Axis Securities

Axis Securities has reiterated a Buy rating on SBI Life Insurance Limited, setting a target price of Rs 2,350, implying a 27% upside from the current market price of Rs 1,859.