Sadbhav Infra Project bags order from NHAI

Sadbhav Infrastructure Projects, an elite infrastructure company in India, on Monday said the company has emerged as lowest bidder for four laning of Jodhpur Ring Road by the National Highway Authority of India (NHAI).

“The company has been declared 'L1' HA

Buy Ashoka Buildcon Ltd For Target Rs.312.00 - Emkay

* Ashoka Buildcon (ASBL) reported sales of Rs3.7bn, much below our estimate of Rs5.8bn. Management indicated that it lost c.Rs2bn of revenue on account of lower execution in its key projects.

* Management has maintained its revenue growth guidance of 22-25%, as execution is back to normalcy in its key projects.

* Management has put in bids worth c.Rs300bn in the Roads sector

11/12/2017 3:05:25 PM | Posted in Broking Firm Views - Long Term Report read full news
Somany Ceramics launches new product series in tiles

Somany Ceramics, a tile manufacturing company, on Monday said it has launched a new Product Series in tiles 'Glosstra Plus' - India's glossiest wall tiles on December 07, 2017. “The company has launched 'Glosstra Plus' tiles post commissioning of a state of the art plant at Kassar (Haryana) having capacity to produce 4.5 million square meter per annum of 300 mm x 600 m

Buy Aditya birla capital For Target Rs.231.00 - Motilal Oswal

Perfect blend of growth and quality

A large diversified conglomerate in the making

* Aditya Birla Capital (ABCL) is one of the most diversified financial services entities in India, operating under a single brand, with a presence in non-bank financing, housing finance, asset management, insurance and advisory

11/12/2017 3:00:35 PM | Posted in Broking Firm Views - Long Term Report read full news
RBI sets rupee reference rate at 64.3616 against US dollar

The Reserve Bank of India on Tuesday fixed the reference rate of the rupee at 64.3616 against the US dollar and 75.8051 for the euro.

The corresponding rates were 64.4649 and 75.7978, as on Friday According to an RBI statement, the exchange rates for the pound and the yen against the rupee were 86.3282 and 56.68 per 100 yens, respectively, based on reference rates for the dollar and c

Bitcoin: Tread with caution

 George Soros, the legendary hedge manager, once said that in the financial markets, it doesnt matter whether one is right or wrong: What matters is how much money one makes when right and how much one loses when wrong.


Investors who managed to catch Bitcoin early look like geniuses and those calling for a crash within a short time frame will also look like market gurus i

HSBC announces end to suspended sentence for Mexican cartel case

LONDON  - HSBC on Monday said its deferred prosecution agreement with the U.S. Department of Justice has expired, marking an end to the threat of further punishment for lapses in its anti-money laundering controls.

HSBC said it has lived up to its commitments under the five-year deal signed in December 2012, under which it pledged to strengthen its sanctions and

Synchronized earnings recover -negative sector-specific issues may have played out - Kotak Sec

Follow the earnings. We expect earnings to recover in select sectors in FY2019 on the back of normalization in operating conditions and favor such sectors from a portfolio perspective. Higher multiples in consumption (both direct and financing of consumption) sectors are unlikely due to (1) rich valuations, (2) high profitability, and (3) higher domestic bond yi

11/12/2017 2:33:51 PM | Posted in Special Event Reports read full news
Navkar Corporation Ltd For Target Rs.299.00 - Reliance Sec

STOCK IN FOCUS

* Navkar Corporation closed ~2% higher outperforming the CNX Mid-cap index by ~1%

* The company recently announced its 2QFY18 results and despite a challenging environment, it continued to report healthy numbers

* Surpassing growth in volume, its consolidated revenue grew by 19.7% YoY (+9% QoQ) to Rs1.08bn. Volume gr

11/12/2017 2:29:45 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy ACC Ltd For Target Rs.1840-1860.00 - Reliance Sec

* The stock reversed after taking support of its long-term moving average (200-day EMA) and rose to 4-week high. f Bullish cross-over on RSI and MACD is signaling strength in the stock.

* Overbought Stochastic is indicating that the stock will witness minor decline before it resumes the up-trend.

* In case of any decline, its long-term moving averages (200-day EMA) will cont

11/12/2017 2:29:36 PM | Posted in Broking Firm Views - Short Term Report read full news
Bitcoin tops USD 18,000 in debut on major bourse

Bitcoin surged past USD 18,000 after it began trading on its first major global exchange, the latest in a series of highs that have excited some investors while leaving others nervous of a bubble. Trading of the controversial digital currency on a futures contract began at 6:00 pm (2300 GMT) on the Chicago board options exchange (Cboe) at a price of USD 15,000. Heavy traffic made the Cboe websi

Fund-raising via debt placement up 32% to Rs 51,000 cr in November

Indian companies raised close to Rs 51,000 crore through private placement of corporate bonds in November, a surge of 32 per cent from the year-ago level, for business expansion and propping up working capital needs. With the latest mobilisation, the total fund-raising through private placement of debt securities reached Rs 4.2 lakh crore in the April-November period of 2017-18 fiscal, as per t

Soma Textiles & Industries posts Q2 net loss of Rs 1.30 cr

The company reported standalone net loss during the quarter stood at Rs 1.30 crore as compared to net loss of Rs 4.80 crore in the previous year quarter. Net revenue of the company declined substantially by 42.85 per cent at Rs 22.99 crore in July-September quarter of this fiscal as against Rs 40.23 crore in the corresponding period last year.

During July-September quarter, operating

Aurionpro Solutions Q2 net profit down 93.87% at Rs 0.26 cr

The company reported standalone net profit of Rs 0.26 crore for the quarter ended September 30, 2017 as compared to Rs 4.24 crore in the same period last year, registering a year-on-year decline of 93.87 per cent. Net revenue of the company rose substantially by 27.10 per cent at Rs 91.82 crore in July-September quarter of this fiscal as against Rs 72.24 crore in the corresponding period last y

Global Markets: Bitcoin futures rocket past $18,000; Asian shares buoyant

By Swati Pandey

SYDNEY - The craze for cryptocurrencies entered a new chapter on Monday as bitcoin futures rocketed by one-fifth of their value at a hotly anticipated launch, while Asian shares climbed amid optimism about global growth.

The most-traded contract on the Chicago-based CBOE Global Markets exchange opened at $15,460 in New York on Sunday evening,

Take Five: World markets themes for the week ahead

By Marc Jones

Following are five big themes likely to dominate the thinking of investors and traders in the coming week and the Reuters stories related to them.

1/FED UP

It’s a monster week for central bank meetings across the globe.

The third Federal Reserve interest rate rise of the year is due Wednesday, with markets hungry to he

Gold edges up; looming U.S. rate hike weighs on momentum

By Apeksha Nair

Gold prices ticked up amid a softer dollar on Monday, but lacked impetus to push higher weighed by expectations of an increase in interest rates in the United States.

Spot gold was up 0.2 percent at $1,249.90 an ounce, as of 0751 GMT, after hitting its lowest since July 26 at $1,243.71 last week.

U.S. gold futures were 0.3 percent higher at $1,251.7

Jerome Powell faces early test of policy view as tax cuts near approval

By Howard Schneider

WASHINGTON  - Incoming Federal Reserve chair Jerome Powell, chosen by U.S. President Donald Trump to keep the recovery humming, appears set to let an expected trillion=dollar tax cut run its course through the economy as weak wage growth and inflation buttress his view that the economy remains underpowered.

Powell in statements throu

Exclusive: Myanmar to delay law that would have allowed more foreign investment

By Thu Thu Aung and Yimou Lee

YANGON - Myanmar will delay a long-awaited reform that would open the door further to foreign investment, two officials told Reuters, a move likely to disappoint cash-starved businesses amid growing doubts over the management of the economy by the country's leader, Aung San Suu Kyi.

The postponement of the corporate reform,

New Zealand government appoints ex-central banker Orr as new Reserve Bank governor

By Charlotte Greenfield

WELLINGTON  - The New Zealand government on Monday named pension fund chief Adrian Orr as the nation's new central bank governor, sharply lifting the local dollar as markets bet a radical shake-up of monetary policy will be avoided when changes come into force next year.

Orr will play a crucial role in a key period of the cen

Cathay Pacific backs down, extends pilot housing allowances for a year

By Jamie Freed and Anne Marie Roantree

SINGAPORE/HONG KONG - Cathay Pacific Airways has extended payment of housing allowances to its pilots for another year, backing down from a plan to cut the stipend as the busy holiday travel period looms and amid poaching attempts by its rivals.

The loss-making Hong Kong airline is undertaking a transformation programme

The Nifty Bank index opened gap up on Friday and rallied higher along with the broader markets - Angel Broking

Sensex (33250) / Nifty (10266)

On Friday, our markets witnessed a gap up opening following previous session recovery from sub-10100 levels and owing to favorable global cues. In fact, the index started marching right from the word go and eventually managed to extend up move to reclaim the 10250 mark.

Looking at previous session recovery, yet

India`s fuel demand rose 6.2 percent in November

India's fuel demand rose 6.2 percent in November compared with the same month last year.

Consumption of fuel, a proxy for oil demand, totalled 17.41 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.

Sales of gasoline, or petrol, were 4.8 percent higher from a year earlier at 2.12 million tonnes.

Cooking gas or