Top 7 stocks that have been upgraded to largecap status by AMFI
Shares of ABB India, which have rallied over 23% in the last one year, are now on the radar of technical analysts. Prabhudas Lilladher has given an upside target of Rs 3000–3200 and a stop loss near Rs 2550 on the stock.
IT stocks yet to bottom; consumer staples to underperform: Sandip Sabharwal
“As a result of high inflation on ground, consumer demand has been constrained. So what many of these companies are doing is that the advantage they are getting out of lower raw material input prices, they are spending on advertisements and promotions rather than in trying to improve their margins at this stage. That is where the earning cuts have come in.”
Corporate Radar: Page Industries, Bayer CropScience to trade ex-dividend & more
Stocks of Oriental Carbon (Rs 7 per share), PDS (Rs 2.5 per share), MRF (Rs 3 per share), Bayer CropScience (Rs 100 per share), Sundram Fasteners (Rs 3.57 per share), Quess Corp ( Rs 8 per share), RITES (Rs 4.5 per share), Gabriel India ( Re 0.9 per share), Page Industries (Rs 70 per share), Vidhi Speciality Food (Re 0.4 per share) and IRFC (Re 0.8 per share) will trade ex-dividend today.
Stocks in the news: Paytm, Wipro, Auro Pharma, Timken, Page Industries and Nykaa
Japan's SoftBank is looking to sell shares of Paytm parent One97 Communications worth $200 million through a block deal. BofA Securities is the banker for the deal, and the floor price has been set at Rs 555-601.