ED summons Edelweiss COO in 'pulses price rigging' case
ED’s case stems from a report prepared by the Income Tax department which found instances of manipulation of chana contracts in the commodities market Edelweiss refused to comment on the development. The group had shut down its international commodities operations in 2016.
FPIs pumped money into these 10 smaller stocks, too
These stocks can return between 15 per cent and 40 per cent in one year.
Edelweiss group chairman dismisses allegations of violating foreign exchange regulations
Edelweiss is a home-grown professional financial ser...
Edelweiss Financial Services asked to appear before ED on Wednesday
The development follows the statement by the company's Chairman Rashesh Shah stating the firm has no relationship with Capstone Forex, which is being investigated by the ED for foreign exchange rules violation. The ED had recently summoned Shah in connection with the company's dealings with Capstone Forex Pvt Ltd.
Brokerages find TCS valuations expensive post Q3 results; stock falls 2%
Kotak Institutional Equities maintained ‘Reduce’ rating on TCS with a fair value of Rs 2020. However, it said that TCS is a must have in the portfolio at the right valuation. Edelweiss Securities maintained ‘Hold’ rating on the stock with a target price of Rs 2,175. “The stock’s expensive valuation (22.9x FY21E EPS) compels us to retain ‘Hold’,” the brokerage house said.
Zee Q3 results preview: Profit seen falling 18-21%
ICICI Securities expects Ebitda margins to decline 500 bps to 29.8 per cent.
Kotak Mahindra Q3 results preview: Profit may rise 25-30%; asset quality to remain stable
Analysts said investors must watch out for management commentary on auto and MSME segments.
Buy NMDC Ltd, price target Rs 140: Sagar Doshi
The analyst suggested a stop loss at Rs 120.
Buy Ramco Cements, price target Rs 1040: Sagar Doshi
The analyst suggested a stop loss at Rs 750.
Buy Cipla, price target Rs 540: Sagar Doshi
The analyst suggested a stop loss at Rs 465.
Buy Gujarat State Petronet, price target Rs 255: Sagar Doshi
The analyst suggested a stop loss at Rs 224.
Rs 4,500 crore mutual fund money at stake in Voda Idea; Templeton markdown hits 6 schemes
The telco’s survival will now depend on its ability to garner funds to pay the statutory dues.
HDFC Bank Q3 results preview: All eyes on slippages in auto, agri sectors
Motilal Oswal expects the bank to report a 24 per cent YoY jump in profit to Rs 6,950 crore.
Edelweiss jumps 8% as firm denies FEMA violation charge
The ED had recently summoned Shah in connection with the company's dealings with Capstone Forex.
Government relief only hope, else telecom sector headed for duopoly: Analysts
Industry experts are divided over the likely outcome of the sector heading towards a duopoly with two private telcos-Reliance Jio and Bharti Airtel plus one PSU- BSNL with a limited reach. While Vodafone Idea is reeling under the debt of Rs 53,000 crores as AGR payment, Airtel is better financially placed to pay its statutory dues of Rs 35,000.
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