UBS sees Nifty at 8,000 level by December end
Reiterating its bullishness on the domestic equities, Swiss
brokerage UBS has said Nifty will scale the 8,000-mark by December
even though market expectations from government remain
"unrealistically" high
Pratibha Ind zooms on multi-fold rise in Q1 profit
Consolidated net profit for the June quarter zoomed to Rs 11 crore
compared with Rs 16 lakh in the same quarter last year
ITC declines on heavy volumes
Shares of ITC down over 2% at Rs 349 on NSE compared to 0.5% rise
in benchmark CNX Nifty.
Oriental Bank of Commerce, Suzlon among top
gainers
Investors are now seen bargain hunting in fundametally sound
mid-cap and small-cap which had corrected recently
Oil and gas shares in demand; HPCL,BPCL up 4%
Indian Oil, ONGC and Oil India are up 2-3% on BSE.
Cox and Kings up 5% on strong Q1 operation performance
Analysts at Motilal Oswal Securities recommended the stock with a
'buy' rating and target price of Rs 360.
- ‘BUY’ India Cements target of Rs 124 and a stop loss of Rs 113.
- ‘SELL’ AIA Engineering target of Rs 910 and a stop loss of Rs 826.
- ‘SELL’ ACC target of Rs 1560 and a stop loss of Rs 1475
- ‘SELL’ Yes Bank target of Rs 575 and a stop loss of Rs 544.
- ‘BUY’ BPCL target of Rs 645 and a stop loss of Rs 618.
UBS sees Nifty at 8,000 level by December end
Reiterating its bullishness on the domestic equities, Swiss
brokerage UBS has said Nifty will scale the 8,000-mark by December
even though market expectations from government remain
"unrealistically" its to heigh.
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