Day: 30 March 2019

With the changing mood in the market, brokerages and analysts have revised their ratings and price targets on some stocks.  Here are 11 stocks where brokerages initiated coverage with a buy call: Brokerage Stock Target Upside Nirmal Bang UPL 1134 25% Nirmal Bang Indian Hotels Company (IHCL)  195 29% Edelweiss Astral Poly Technik (Astral)  1490 34% Antique Stock Broking Ganesha Ecosphere (GNPL)  440 71% Goldman Sachs HDFC Life 488 32% Prabhudas Lilladher VIP Industries 579 24% JM Financial Deepak Nitrite (DNL 340 25% JM Financial Sanofi India 7000 22% JM Financial ITD Cementation 165 28% HDFC Sec Indostar Capital Finance 549 55% BP Wealth Dishman Carbogen Amcis 291 42% UPL :  The Indian multinational is present across the entire crop protection chemicals (CPC) ...

Metropolis Healthcare Limited (MHL) is a Mumbai based leading diagnostic companies that is coming up with its IPO to raise around Rs. 1,200 crore.  Issue Details of RVNL IPO:    IPO Opens on 3 April 2019 IPO Closes on  5 April 2019 Issue Price band Rs 877 - Rs 880 Any Discount NA Issue Size Rs 1200 crore Minimum Investment 17 shares  (Rs 14960) Registrar Link Intime Book Running Lead Managers Credit Suisse and Goldman Sachs Listing BSE/NSE Download Metropolis Healthcare Red Herring Prospectus   Metropolis Healthcare IPO Grey market Premium : 30 March 2019  -  GMP Rs 45 per equity share IPO Issue Allocation: Qualified institutional buyers (QIBs) – 50% of the offer. Non-institutional bidders –  15% of the offer. Retail individual bidders  – 35% of...

Rail Vikas Nigam is a State-owned miniratna company that is set to launch its initial public offering for subscription. It is as an extended arm of the Ministry of Railways working for & on behalf of MoR. It is empowered to act as an Umbrella SPV to undertake project development, resource mobilization etc. directly or by creating project specific SPVs or by any other financing structure found suitable.     Issue Details of RVNL IPO:    IPO Opens on 29th Mar 2019 IPO Closes on  3rd April 2019 Issue Price band Rs 17 - Rs 19 Any Discount Rs 0.50p discount to retail investors Issue Size Rs 430 crore Minimum Investment 780 shares  (Rs 14820) Registrar Alankit Book Running Lead Managers Elara Capital & Yes Securities Listing BSE/NSE Download Rail Vikas Nigam...