Markets:
3:10 pm Market slips again: The market is wobbly with no major support. The Nifty breached
7700 briefly. The Nifty is down 80.35 points or 1 percent at 7705.50. The Sensex is down
287.22 points or 1 percent at 25409.22, and About 1127 shares have advanced, 1452
shares declined, and 118 shares are unchanged.
BHEL plunges 6 percent, SBI is down 4 percent while ONGC, HDFC and Coal India are
other major laggards. Among the gainers are TCS, ITC, Lupin, Tata Steel and Reliance.
Stock Market Tips For Tomorrow:
Zensar Technologies is a leading India-based software and infrastructure services provider. We initiate a 'BUY' on the stock with a target price of Rs 780 with the medium to long term investment horizon.
Astec LifeSciences is an Indian manufacturer of agrochemical active ingredients, formulations and intermediate products. We initiate coverage on Astec LifeSciences as a BUY with a Price Objective of Rs. 210.
The Byke Hospitality Ltd. (Byke) incorporated in 1990, operates 8 resorts across Maharashtra, Rajasthan, Goa and Manali. We initiate coverage on Byke as a BUY with a Price Objective of Rs 229, representing a potential upside of 39% over a period of 18 months.
Idea Cellular is the fastest growing Indian telecom player with an aggregate market share of 17.1 percent. We initiate a 'BUY' on the stock with a target price of Rs 210 with the medium to long term investment horizon.
EID Parry is one of the flagship companies of South based Murugappa Group. The largest sugar producer in South India and is one of the top five sugar producers in the country. We recommend this stock to BUY at Rs 153.60 with a target price of Rs 240.
Nile: We believe, the company is currently available at discounted valuations and showcases huge upside potential from current levels and derive a target price of Rs 370 for the stock.
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