Wed, Aug 26, 2020 8:13 PM
Sebi extends trading curbs to contain market volatility up to September 24
A Flip by Flipitnews
💰Goldman Sachs maintained a buy rating on Zomato, raised the TP to Rs 240 from Rs 170 earlier. 💰CLSA maintained an underperform rating on ACC with a TP of Rs 26400. 💰Goldman Sachs maintained a neutral rating on Nestle India but raised TP to Rs 2550 from Rs 2500 earlier. 💰JPMorgan maintained an underperform rating on Tech Mahindra but raised TP to Rs 1100 from Rs 1050 earlier.
Open Flip
The March sell-off in smallcap stocks, induced by adverse comments from Sebi, has proved to be just a small blip with the smallcap indices back to making record highs every other day once again. While many investors continue to be worried over frothy valuations, there are at least 213 smallcaps in which both the big boys - FIIs and mutual funds - raised stakes in the March quarter.
Open Flip
Tata Steel on Thursday said it has reached a formal agreement with trade unions in UK, paving way for a £1.25 billion electric arc furnace project at its Port Talbot plant to replace two aged blast furnaces. Bringing trade unions on board was one of the last and crucial steps before the steelmaker could proceed with its plan, which British media has reported will see as many as 2,800 job losses.
Open Flip
