Tata Motors, Dr.Reddy's stocks climb
after foreign brokerage views
Shares of Tata Motors climbed 3% on the
BSE on Friday after foreign brokerage house Goldman Sachs maintained a
'neutral' call on the stock with a target price of Rs283 and a potential upside
of 9%.
The company's management remains
comfortable with an EBIT guidance of 4% for FY19, while cost reduction
initiatives, better volumes, and moderation in incentives to support margin,
Goldman Sachs said.
Trump is said to back $200 bn China
tariffs next week
President Donald Trump wants to move ahead
with the plan to impose tariffs on $200bn-worth Chinese imports as soon as a
public-comment period concludes next week, according to six people familiar
with the matter.
Asked to confirm the plan in an interview
with Bloomberg News in the Oval Office on Thursday, Trump smiled and said it
was “not totally wrong.” He also criticized the management of the yuan, saying
China has devalued its currency in response to a recent slowdown in economic
growth.
Lupin gets USFDA nod for generic
potassium chloride solution
Pharma major Lupin has received approval
for its potassium chloride oral solution USP, 20 mEq/15 mL (10%) and 40 mEq/15
mL (20%), from the United States Food and Drug Administration (USFDA). The
approval is to market a generic version of Genus Lifesciences' Potassium Chloride
Oral Solution USP, 20 mEq/15 mL (10%) and 40 mEq/15 mL (20%).
Potassium chloride oral solution USP, 20
mEq/15 mL (10%) and 40 mEq/15 mL (20%), had annual sales of approximately
$184.95mn in the US (IQVIA MAT June 2018).
Dilip Builcon wins contract worth
Rs1,698cr
Dilip Buildcon announced in a BSE filing
that it has received (LoA) from the Maharashtra state Road Development
corporation Ltd. for a new EPC project in the state of Maharashtra. The entire
cost of the project is estimated to be Rs1,698cr.
“The project pertains to Construction of
Access Controled Nagpur-Mumbai Super Communication Expressway (Maharashtra
Samruddhi Mahamarg) in the state of Maharashtra on EPC mode. It is for a length
of 45,645 kms from village Pathare to Village Sonari in district Nashik” added
the company spokesperson in the press release to the exchanges on Thursday.
JSW Energy vs. Tatas war intensifies
over Prayagraj Power offer
Generation, transmission and trading
company JSW Energy has raised its bid to Rs6,200cr for acquiring a stake in
debt-laden Prayagraj Power Generation. This revised offer was made in a
dramatic fashion, especially since Tata Group’s Resurgent Power Ventures was
already given the go-ahead, that is a letter of intent (LoI), to acquire a 75%
stake in the embattled firm.
Reportedly, JSW Energy is ready to
“sweeten the deal” further, even though it is outbidding Resurgent by a margin
of over Rs200cr.
Incidentally, Resurgent Power, a JV
between Tata Power and ICICI Venture established in 2016, is an investment
platform that focuses on acquiring thermal and hydroelectric projects.
Financial Advisory Company in Indore, Stock Advisory Company in Indore , Equity Tips , Free Trading Tips , MCX Tips , sebi registered advisory company , Intraday stock tips , Free commodity tips
0 comments:
Post a Comment