Investors who had invested their savings can hold for short to medium term but those who have borrowed the funds are advised to close their positions.
Mutual fund news: Mutual funds were net buyers in 68% or 34 Nifty stocks and reduced holding in 32% (16 stocks) in July
Most brokerages have upgraded their rating on Bank of Baroda to 'Buy' and have revised the price target to Rs 100.
Higher slippages should be looked at in the context of no moratorium, negligible use of restructuring, already improving recoveries.
Post stellar Q1 result most brokerages have re-rated stock and believe that it can touch Rs 900 apiece in the near term
Most brokerages revised their earnings estimate upwards as Tech Mahindra delivered on all fronts be it margin, capital allocation, deals & revenue
Maruti Suzuki is well placed amongst OEMs despite concerns over raw material inflation and supply shortages
A strong comeback on deposits led from retail taking CASA (Current account saving account deposits) to 42% from 40% and growing by an average of 20%.
According to Motilal Oswal, the company continues to strengthen the key drivers of its success in India over the last decade
The fund will focus on providing growth capital to the mid-market segment in sectors such as financial services, life sciences and niche manufacturin