The rally may see investors exiting these stocks on worries that expansion drives by many of these firms will strain profitability.
IHC shares fell to 66.35 on concerns its financial health will deteriorate if it buys Orient-Express Hotels for which it made a bid of $1.8 bn.
Traders are mounting their bearish bets on DLF stock futures as the controversy over dealings with Robert Vadra, grew murkier.
Poor outlook on motorcycle sales of Hero Motocorp have driven derivatives traders to mount bearish positions on the stock futures.
Price spike in last-minute trades of Ruchi Soya on the final day of trading left many traders & FIIs with losses amounting to Rs 6 -8 a share
Political and corporate scams along with slow growth and slower earnings do not warrant paying a high multiple for the Indian market, says David Cornell.
But continuing uncertainty on the crude oil prices front and the value of the rupee will keep the optimism in these companies under check.
Leading institutional stock brokers have recently asked scores of their senior executives to leave, especially those who were hired at steep salaries.
Kotak Securities upgraded Jaiprakash Associates to 'Buy' and raised target price to Rs 87 on capacity additions and lower costs post demerging of cement assets
Analysts fear the merger will bring high debt levels from JSW Ispat into JSW Steel at a time when steel industry is facing headwinds.
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