ICICI Stake Sale In Subsidiary Fails To Obtain Govt. Nod

ICICI BankICICI Bank was trading flat at Rs 947.55 as its plan to sell a 5.9 per cent stake in a subsidiary has failed to obtain the government's nod.

During the day, the scrip touched a high of Rs 960 and a low of Rs 940. The current market price of Rs 947.55 brushes off its FY 2007 EPS of Rs 30.7, by a PE multiple of 30.86.

BSE Capital Goods Index Achieves All-Time High

Bombay Stock ExchangeTo an all-time high closing, the BSE Capital Goods Ind

Colgate Palmolive has shown remarkable performance

Colgate Palmolive Co.Colgate Palmolive Co. said, “Second quarter profit jumped more than analysts estimated on increased sales in Europe and Latin America and a weaker U.S. Dollar.”

Pratibha Patil Files Papers For Presidential Election

Taking the firstPratibha Patil formal step in the direction of becoming the first woman President of India, the UPA-Left candidate Pratibha Patil filed her nomination papers for the Presidential election.
Along with Prime Minister Manmohan Singh and Congress chief Sonia Gandhi, she submitted the documents to the returning officer and Lok Sabha Secretary-General P.D.T. Achary at the Lok Sabha Secretariat.
United Progressive Alliance (UPA) leaders Lalu Prasad, Ramvilas Paswan, Sharad Pawar, Ramdas Athawale and T R Balu were also there. Sitaram Yechury, Gurudas Dasgupta and Abani Roy were also present during nomination filing.

Sunita Williams Selected ‘Person Of The Week’

A leading USSunita Williams television network selected Indian-American astronaut Sunit

Cement Stocks In Limelight

On the back of strong demand, Cement scrips were making recoveries from their previous losses. On Friday, India Cements climbed up 0.83% to Rs 188.10. ACC passed up 0.5% to Rs 851, Ambuja Cements rejected 2.64% to Rs 116.25, Ultratech cement turned down 2% to Rs 819.95 and Birla Corp slumped 4.44% to Rs 244.15.

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News in Focus

Benchmark reiterates its bullish call on SGHC Limited and sees roughly 60% upside potential

Benchmark has once again reiterated its Buy rating on SGHC Limited shares, the parent company of Super Group, maintaining its $17 price target.

Chalet Hotels Share Price Target at Rs 1,000: Axis Securities

Axis Securities has reiterated its BUY recommendation on Chalet Hotels Ltd with a revised target price of Rs 1,000, implying nearly 30% upside from current levels.

Tata Steel Share Price Target at Rs 235: Axis Securities Remains Bullish on Steel Major

Axis Securities has maintained a cautiously optimistic stance on Tata Steel after the company delivered a stronger-than-expected operational performance in the March quarter of FY26.

DLF Limited Share Price Target at Rs 810: ICICI Direct Remains Bullish on Real Estate Major

ICICI Securities has reiterated a “BUY” rating on DLF with a revised target price of Rs 810, implying an upside potential of nearly 41% from the current market pri

Bharti Airtel Share Price Target at Rs 2,350: ICICI Securities Remains Bullish on Telecom Major

ICICI Securities has reiterated a “BUY” recommendation on Bharti Airtel with a 12-month target price of Rs 2,350, implying an upside potential of nearly 23% from t

Hindustan Aeronautics Limited (HAL) Share Price Target at Rs 5,300: ICICI Securities

ICICI Securities has maintained a “BUY” rating on Hindustan Aeronautics Limited with a revised target price of Rs 5,300, implying an upside potential of nearly 21%