Axis Bank, Dalmia Bharat, Hospital stocks, TCS, Titan Co, and Tata Chemicals among top stocks to trade today
Stocks to watch: Mahindra & Mahindra on Wednesday said it has launched its flagship SUV XUV700 in Australia.
Stocks to watch: Domestic equities are expected to see a flat-to-negative start on Thursday amid subdued global cues after the Federal Reserve kept the policy rate unchanged. The Nifty futures on the Singapore Exchange (SGX) traded 23 points, or 0.12 per cent lower at 18,812.0 levels. Asian stocks braked around two-month highs on Thursday, while the dollar nursed modest losses, after the US Federal Reserve chose not to hike interest rates for the first time in 17 months, even if it opened the door to more hikes ahead, Reuters reported. The Fed left its benchmark funds rate window at 5-5.25%, and chair Jerome Powell said the U.S. central bank needed to gather more information about the economy to determine what to do next.
Here's the list of stocks that may trade actively in today's trading session
Axis Bank: Bain Capital is expected to sell a 0.75 per cent stake in the company today via a block deal. The offer price is likely in the Rs 964 - Rs 977.70 range. According to Zee Business, the deal size is estimated to be Rs 2,192 crore.
Mahindra & Mahindra on Wednesday said it has launched its flagship SUV XUV700 in Australia. Given the strategic importance of the market, the introduction of the XUV700 in Australia marks the company's ambitious global expansion strategy, the company said. In separate news, the automobile major, as per reports, and the Hinduja group, have joined the race to acquire a key stake in MG Motor India, a wholly-owned arm of Shanghai-headquartered SAIC Motor.
Dalmia Bharat: Jefferies has maintained a 'buy' on the stock. The target price has been revised upwards to Rs 2,490 from Rs 2,400 earlier
TCS, DCB Bank will trade ex-dividend today.
Tata Chemicals: Morgan Stanley has downgraded the stock to Equal-weight from Overweight. It has also reduced the target price to Rs 916 from Rs 1,192 earlier.
VMart: Amansa Holdings has bought 3.37 lakh (1.7 per cent) shares at Rs 1,990 per share while Rowe Price Fund has reduced its stake to 0.16 per cent from 2.07 per cent, earlier.
Hospital stocks: Jefferies has intimated coverage on the sector. The brokerage has an 'overweight' rating on Apollo Hospitals with a target price of Rs 5,950. on Fortis Healthcare, too, the brokerage has maintained an 'overweight' with a target price of Rs 335.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Fundamental picks by brokerage: These 3 largecap, 2 midcap stocks can give up to 28% return - Check targets
SBI Senior Citizen Latest FD Rates: What senior citizens can get on Rs 7 lakh, Rs 14 lakh, and Rs 21 lakh investments in Amrit Vrishti, 1-, 3-, and 5-year fixed deposits
Tamil Nadu Weather Alert: Chennai may receive heavy rains; IMD issues yellow & orange alerts in these districts
SIP+SWP: Rs 10,000 monthly SIP for 20 years, Rs 25 lakh lump sum investment, then Rs 2.15 lakh monthly income for 25 years; see expert calculations
Top 7 Mutual Funds With Highest Returns in 10 Years: Rs 10 lakh investment in No 1 scheme has turned into Rs 79,46,160 in 10 years
SIP vs PPF: How much corpus you can build in 15 years by investing Rs 1.5 lakh per year? Understand through calculations
Retirement Planning: Investment Rs 20 lakh, retirement corpus goal Rs 3.40 crore; know how you can achieve it
09:04 AM IST