Dr Reddy’s string of announcements fail to impress analysts; stock could fall 30% Kotak Securities has a ‘sell recommendation on the stock with the target at Rs 3,700, a potential downside of over 30 per cent from current market price as it believes risk-reward of the scrip is unfavourable.
Rupee settles 12 paise higher at 73.52 against US dollar On the domestic equity market front, the 30-share BSE benchmark Sensex was trading 243.91 points higher at 39,288.26 and the broader NSE Nifty rose 69.70 points to 11,591.50.
Indian funds seek to calm investors after rule change affects $20 bn in equity assets The Securities and Exchange Board of India (SEBI) on Friday said so-called multi-cap funds should invest a minimum 75% of their assets in stocks, but spooked industry by mandating equal allocation of 25% between large-, mid- and small-cap shares.
These are analysts’ most-loved stocks on Dalal Street: Own any? At the top of the list is private lender ICICI Bank, which is among the worlds most widely-tracked stocks. The bank has 28 ‘strong buy ratings – the highest for any Indian company, on the publicly available Reuters Eikon database. It also has 17 ‘buy ratings.
Why turnaround investing is not everybody’s cup of tea Turnaround investing is not for the average investor. There are too many factors at play for an average investor to be able to take a call on how elongated the turnaround cycle could be.