Yes Bank: The holding companies belongs to promoters family of YES BANK Yes Capital and Morgan Credits, stumped up at least Rs 700 crore in cash collateral over the past few days to Franklin Templeton MF and Reliance MF to avoid breach of covenants on non-convertible debentures. While rating agency ICRA has downgraded the long-term …
STOCKS ON RADAR Yes Bank: R Chandrasekhar likely to have resigned from the board of the bank. He would be the third member to resign from the board – CNBC-TV18 Sources. NMDC: Production at Donimalai mine suspended. Suspension of production at the mine is temporary – CNBC-TV18. Oil India: Board approves issue of debt securities …
We recommend ?BUY? on JAMNA AUTO INDUSTRIES LTD for a target of INR 83 – valuing the company at P/E 25x of FY20E Earning. CMP: INR 68 Target Price: INR 83
We recommend ?BUY? on APCOTEX INDUSTRIES LTD for a target of INR 657 – valuing the company at P/E 23x of FY20E Earning. CMP:? ? ? ? ? ? ? ? ?INR 585 Target Price:? ? ?INR 657
We recommend ?BUY? on KEC INTERNATIONAL LTD for a target of INR 368 – valuing the company at P/E 15x of FY20E Earning. CMP: INR 304 Target Price: INR 368
We recommend ?BUY? on NRB BEARINGS LTD for a target of INR 200 – valuing the company at P/E 27x of FY19E Earning. CMP: INR 164 Target Price: INR 200
