Campus Activewear rises as CLSA initiates coverage with ‘buy’ call
Campus Activewear share price rose on June 28 after foreign brokerage house CLSA India initiated coverage on the stock with a “buy” rating and a price target of Rs 370, implying an upside of 12 percent from the current level.
Campus Activewear was quoting at Rs 335.95, up Rs 6.10, or 1.85 percent on the BSE.
GMR Infra’s subsidiary, DIAL, completes issuance of 5-year NCDsDelhi International Airport Limited (DIAL), a subsidiary of GMR Airports Limited and a step-down subsidiary of GMR Infrastructure Limited (GIL), announced that it had successfully completed the issuance of 5 years Non-Convertible Debentures (NCDs) amounting Rs 10
billion and the same listed on the BSE Limited on June 23, 2022.
Indiabulls Real Estate guilty of profiteering Rs 6.46 crore, to refund homebuyers: NAA
The National Anti-profiteering Authority (NAA) has found Indiabulls Real Estate guilty of not passing on over Rs 6.46 crore input tax credit benefits to homebuyers by commensurate reduction in prices post rollout of GST. Based on a case filed by a homebuyer that Indiabulls Real Estate has not passed on ITC benefits in project Sierra-Vizag, situated in Visakhapatnam, the Directorate General of Anti Profiteering (DGAP) investigated the case and found the builder guilty of profiteering.
#CNBCTV18Exclusive | Floating rate debt funds are expected to do very well in the rising rate scenario. IT services have helped offset a lot of pressure from dollar
Govt can announce high dividends from upstream oil stocks
S Naren of ICICI Prudential AMC tells CNBC-TV18 pic.twitter.com/pvOCnlB9UB— CNBC-TV18 (@CNBCTV18Live) June 28, 2022
Market update at 11 AM: Sensex is down 350.28 points or 0.66% at 52811.00, and the Nifty shed 98.30 points or 0.62% at 15733.70.
BSE Power index fell 1 percent dragged by Adani Green, JSW Energy, Adani Power
Brigade Enterprises signs Joint Development AgreementBrigade Group has signed a Joint Development Agreement to develop around 2.1 million sguare feet in Chennai. The land, located at Perumbakkam, just off OMR Sholinganallur junction, is spread over 15 acres and will be developed as a large residential township.
Moody’s raises JSW Steel’s rating:JSW Steel was quoting at Rs 569.50, down Rs 2.25, or 0.39 percent.
BSE Power index fell 1 percent dragged by Phoenix Mills, Godrej Properties, Indiabulls Real Estate
Morgan Stanley View on M&M:
The research house Morgan Stanley has an kept overweight rating on the stock with a target of Rs 1,198.
Multiple new launches in the SUV segment underscore the SUV focus of original equipment makers while passenger vehicles will continue to lead recovery in autos, CNBC-TV18 reported.
Mahindra and Mahindra touched a 52-week high of Rs 1,121 and quoting at Rs 1,118.30, up Rs 36.25, or 3.35 percent on the BSE.
Gold Prices Today: Yellow metal to witness range-bound movement, selling pressure expected at higher levels
“Precious metals prices may remain range-bound whereas the upper range may witness selling pressure. Gold has resistance at Rs 51100 and support at Rs 50400. Silver has resistance at Rs 61000 and…
Goldman Sachs View on Bajaj Auto
Research house Goldman Sachs has maintained buy rating on Bajaj Auto with a target at Rs 4,250 per share.
The buyback is likely to improve FY24 RoE by 180 bps to 25% with minimum buyback size announced is for USD 160 million, reported CNBC-TV18.