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.
It is indeed a surprise that in an era where people have now moved on to ipads close to 20% of the retail investors in the Indian market currently hold shares in physical form.
After Maruti’s market share has gone down below 50%, for the first time in its 25 year history, the country’s leading automotive player is now looking to regain the market share by pushing the rural sales in the Indian market.
As the Indian consumer has started to develop love for the automatic version of automobile, Maruti Suzuki has decided that the company will not miss on this opportunity to bank high volumes. Notably, the company is planning to launch A-star Automatic in Indian market soon.
After making its presence felt in places like Hyderabad and Chandigarh, Harley Davidson recently inaugurated its showroom in the Delhi region.
It seems that the Mahindra Group has developed a love for the South African region. As after partnering with FIFA for the Football world cup that took place in South Africa, the company now plans to set up a plant in South Africa. According to a media report, as improving market conditions boosted the company’s sales in the region by 80% as compared to the beginning of last year, the company is very buoyant on the success of its products in the South African market.
After setting its sight on the cash-strapped Korean auto major, Ssangyong Motors, Ruia Group is now trying to get its hands on a European automobile components firm to drive its growth in the future. 








