Top intraday trading ideas for afternoon trade on Thursday, January 23, 2020
Exide Industries is a 'Buy' call with a target price of Rs 215 and a stop loss of Rs 193.
Stock market update: Private banks tumble; RBL Bank falls over 2%
The Nifty Private Bank index was trading 0.44 per cent down at 17,368.3.
Share market update: Bank shares slip; RBL Bank dips over 2%
The Nifty Bank index was trading 0.38 per cent down at 31,471.65.
Price-wise, Zee is a buy; avoid AU Small Finance Bank: Abhimanyu Sofat, IIFL
There is some amount of stress in the economy and at this particular price point, buying AU Small Finance would not be advisable.
Analyst Calls: Wipro, IndusInd Bank, Mindtree, L&T Infotech
HDFC Institutional has maintained its Neutral rating on Wipro with a target price of Rs 235.
Stocks in the news: RIL, HDFC Bank, Lupin, TCS, Kotak Bank, HCL Tech and Just Dial
Moody's Investors Service placed YES Bank's long-term foreign currency issuer rating of B2 under review.
'BUY' or 'SELL' ideas from experts for Friday, 24 January, 2020
Kunal Bothra advised traders to buy Titan Company with a target price of Rs 1,240 and a stop loss of Rs 1,180.
New India Co-operative Bank shareholders approve conversion to small finance bank
The move comes after a slew of regulatory changes by the RBI following the Rs 4,500-crore PMC Bank fraud and to ensure better regulation of such lenders which are heavily influenced by regional political heavyweights. NICB shareholders will now be approaching the RBI and Central Registrar of Societies for further action, the bank said.
Stocks in the news: Coffee Day, UltraTech Cement, Sterling & Wilson, JSW Steel and SpiceJet
Punjab National Bank (PNB) has scrapped its plan to sell shares in its mortgage lending subsidiary PNB Housing Finance.
Federal Bank shares up nearly 3% post Q3 results
Total income also improved to Rs 3,738.22 crore in the third quarter.
Share market update: PSU bank shares mixed; OBC rises 1%
The Nifty PSU Bank index was trading 0.15 per cent down at 2411.35.
'BUY' or 'SELL' ideas from experts for Thursday, 23 January, 2020
ACC is a 'Buy' call with a target price of Rs 1575 and a stop loss of Rs 1500.
LIC’s Rs 11,000-crore exposure to DHFL, Reliance Cap, Sintex defaults in H1 FY20
With AUM of Rs 30 lakh crore, LIC is the largest domestic institutional investor.
Sensex ends higher for 2nd day in listless trade; Nifty holds above 12,350
Investors will be keenly eyeing the third-quarter earnings of the companies, and the forthcoming Union Budget for further cues.
Analyst Calls: Can Fin Homes, Havells, UPL, Hindustan Zinc
Jefferies has maintained buy rating on Newgen Software and raised target price to Rs 305 from Rs 290.
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