InCred Equities has a target price of Rs 1,650 on Aavas Financiers, indicating a potential upside of 9.6% from its current market price of Rs 1,505.
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AHMEDABAD: Its too late and too little done in the US to come out of the financial turmoil, a crisis of 240 trillion $ cannot be stemmed with bailout packages of 1 to 10 trillion $, Arun Kumar, professor at Jawaharlal Nehru University said here on Thursday. “When the US president elect Barrack Obama assumes…
Shares of Apollo Micro Systems jumped 5% to Rs 418 on Friday after the company announced that it has signed a definitive share purchase agreement with Premier Explosives to acquire the promoters’ 41.33% stake in the company through an all-cash transaction valued at around Rs 1,550 crore. Premier Explosives operates in the high-energy materials segment…
Tenants who continue occupying a property after their lease expires may have to pay higher rent if their lease agreement contains an automatic rent escalation cause, the Delhi High Court has ruled. The court clarified that merely seeking additional time to vacate does not entitle a tenant to continue paying the old rent, Business Standard…
Mumbai: The recent rally in India’s benchmark 10-year government bonds may have further upside, supported by expectations that circumspect US jobs data might prompt the US Federal Reserve to defer an increase in policy rates, treasury officials said. Furthermore, the likelihood of inclusion of Indian sovereign bonds in the Bloomberg bond index and the retreat…
Kusumgar’s Rs 650-crore initial public offering (IPO) ended the subscription process with a blockbuster response on the final day of bidding. The issue was subscribed 129 times against the 1.14 crore shares offered. Qualified Institutional Buyers (QIBs) led the subscription, bidding 284.10 times their reserved quota. The Non-Institutional Investor (NII) portion was subscribed 165 times,…
cmp: Rs 1,135.70 target price: Rs 1,246 Prabhudas Lilladher has a ���reduce��� rating on Infosys Technologies as it feels that the outlook for the company and the software industry is quite weak in the near-term. ���While we expect Infosys to perform better than most other players in the industry, we rate the stock ���reduce��� with…