Today's target on Nifty is 16,720 and once that gets taken out then 16,750 can be seen today
ICICI Securities said that the ratio of cash flow to capex for India Inc has reached a two-decade high level of 2.2 times
Rohit Singre of LKP Securities is positive on Aditya Birla Capital with a target price of Rs 112.
FMCG stocks performance: In terms of sales and EBITDA, HUL's headline numbers have benefited from its merger with GSK.
Among the recent listings, one can look at Devyani and Nuvoco while on the other hand, will prefer to buy Zomato when it nears Rs 100, he said
Markets may remain sideways for some time, but many stocks have already corrected by 20%
The bank last month posted a nearly three-fold jump in its net profit at Rs 1,177 crore for the quarter ended June 30
Nirav Chheda of Nirmal Bang Securitis is positive on Reliance Industries with a target price of Rs 2,250.
Aptus Value Housing Finance: On BSE, shares of the company opened at Rs 329.95 which was 6.52% below the issue price of Rs 353.
Select FMCG companies look positive, while pharma stocks need to be taken on an individual basis.