(12:00 pm) with the equity benchmark Nifty hovering around 6300 levels are directionless in afternoon trading. Power and HDFC group’s stocks are under pressure while technology and healthcare stocks are seeing buying interest.
Rose 8.15 points to 6301.50 to 21217.88 Sensex and Nifty advanced 3.55 points. 1162 shares declined about 1,173 stocks advanced and 118 are unchanged.
Maruti Suzuki profit than one percent in the previous session, climbed 1.5 percent today. Brokerage house CLSA with target price of 2,350 rupees apiece Buy our high conviction stocks last on the list .
It sees potential of 85 percent return from the stock over three years and set three-year target of Rs 3,100 apiece, citing new export strategy to boost volumes strongly and well-positioned to defend strong market share.
According to CLSA , the product runs many new Celerio ( Auto Expo launched in 2014 ) , the new sedan , and the introduction of utility vehicles and light commercial vehicles are entering .
10x FY16 PE broakerage House in its report on the stock looks attractive looks . ” Maruti’s return on equity improved to 18 percent from FY16 earnings per share will rise at a CAGR of 28 percent over FY14 -16 , ” the report said. Read More
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