Recommendation: Buy; Target Price: Rs 3050
Navratna denotes select CPSEs granted greater autonomy and financial powers by the government
On October 10, a US antitrust lawsuit regarding the cancer medicine Revlimid identified the pharmaceutical giant and a number of other drug manufacturers as defendants.
The sharp fall in food inflation has tempered headline inflation, which is now inside the RBI 6% outer tolerance limit.
Recommendation: Add; Target Price: Rs 1270
Recommendation: Buy; Target Price: Rs 1530
Among the key launches that are lined up: – DLF (Crest 2, New Gurgaon launch), Prestige (Hyderabad and Chennai), GPL (Ashok Vihar, Worli), Brigade (Chennai) and Oberoi Realty (Thane Pokaran launch).
With record SIP inflows of Rs16,042 crore, It looks like systematic investing is here to stay in India.
The acquired land has a potential saleable area of around 1.5 million square feet for residential development
Analysts of IIFL Capital Services believe ISG data reconciles with healthy wins announced by Indian IT vendors; however, conversion to revenues could come with a lag.
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