🇮🇳 *India Daybook*
🔹 *Stocks in News*
ICRA assigns A1+ rating to Titan’s commercial papers worth Rs 900 cr (Positive)
Rana Kapoor: CLSA conference in the last two days in Hong Kong got superb response (Positive)
SBI's board approves divesting at least 4.5% stake in SBI Life via OFS (Positive)
Rel Nippon AMC non-retail portion OFS fully subscribed (Positive)
Alkem Labs: US FDA issues Establishment Inspection Report (EIR) for company's manufacturing facility (Positive)
Kridhan Infra’s associate co Vijay Nirman Company wins order for projects in Bengaluru. (Positive)
Greenlam Ind expanded capacity of laminates at Nalagarh Unit in Himachal Pradesh. (Positive)
‘Sasken joins Siemens MindSphere Partner Program to Accelerate the Adoption of Digital Transformation in the Industrial space (Positive)
Dr. Reddy's Laboratories announced the launch of Fosaprepitant for Injection in the US market (Positive)
Strides Pharma acquires 70% stake in Swiss firm Fairmed Healthcare AG. (Positive)
Torrent Pharma has received the credit rating of 'IND AA/Stable' by India Ratings and Research (Positive)
Walchandnagar and VSSC have entered into a contract for supply of Rs 77.20 crore value (Positive)
Srei Infra: Brickwork Ratings downgraded the ratings for the Non-Convertible Debentures, Perpetual Debt Instrument and Commercial Paper (Negative)
Morgan Stanley maintains overweight call on Apollo Hosp, sets target price at Rs 1,667/sh (Positive)
CLSA prefers L&T, Sadbhav, IRB, NCC & JKIL. Expect large NH orders to start from 3Q versus 2QFY20 (Positive)
Citi maintains buy call on Tata Power, sets target price at Rs 76/sh (Positive)
Credit Suisse prefers 2-wheelers amidst the uncertainty (Positive)
HSBC notes that consumer sentiment appears weak, however Buy rating for Avenue Super and HUL (Positive)
Axis Cap on Sudarshan Chemicals - Initiate BUY, sets target price at Rs 410/sh (Positive)
Edelweiss on IndiaMart– Initiate BUY, sets target price at Rs 1900/share (Positive)
Antique on Alkem Labs- Initiate BUY, sets target price at Rs 2160/share (Positive)
Kotak Instl Eq maintains a buy call on Tata Motors, expects JLR volumes to pickup from FY21, sets target price at Rs 190/share (Positive)
JP Morgan on PNB: Downgrade PNB to underweight from neutral (Negative)