Investors must be cautious and be selective when applying for IPOs, says Kranthi Bathini
Shares of Mahanagar Gas jumped 4.19% to Rs 1,166.1 after the PSU company reported a 351% jump in net profit to Rs 204.08 crore.
Many stocks in the sector are trading at their lifetime highs with valuations touching 2 times of book value
Traders should buy the index and book profits around 15,800.
Stock recommendations: LKP Securities is positive on Godrej Agrovet with a target price of Rs 666
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%.
Zomato is not a buy at these levels, there is a room for more correction and there are better opportunities for investors
Gemstone Equity Research and Advisory is positive on State Bank of India with a target price of Rs 440.
Markets have been consolidating in a tight range and global markets are not supportive causing the decline
Tata Motors is generating strong free cash flow, which will help it pursue its business plans and reduce high debts.