Stocks

As per the recent Nomura report (published in ET), Nomura expects a 21 per cent PAT CAGR for private banks and 27 per cent for PSUs in FY15-17F (after remaining flat for five-six years). Retail banks have already started to see a pick-up in retail credit offtake. For corporate banks, Nomura believes earnings will pick up in 2HFY16F with better corporate or fee growth and lower credit costs. The brokerage firm expects reforms and various government initiatives to reflect in bank earnings from 2HFY16F. Top Picks from Nomura

Citigroup has issued its latest report and has adjusted its December-end target for the Sensex to 32,200 from 33,000 earlier. They have also introduced a Jun16 target of 35,000. The equivalent Nifty targets are 9,760 for Dec-15 and 10,600 for Jun-16. he bank has marginally tweaked their model portfolio to factor in changes - raise the banks overweight (OW) further, maintain - auto, cement and pharma as OWs, and additional upgrade telecom / internet from Neutral to OW. Top large-cap picks include names like Adani Ports, Aurobindo Pharma, Axis Bank, Bharti Infratel, Coal India, Dr Reddy's Laboratories, HCL Technologies, HDFC Bank, M&M and State Bank of India. Top midcap picks include names like Apollo Hospitals, Bharat Forge, Container Corp, Emami, Exide, Info Edge, JSW Energy, Petron...

The firm purchased a total of 4,09,675 shares (representing 1.15% stake) of Eicher Motors through a bulk transaction on BSE Foreign fund house Citigroup Global Markets Mauritius on Wednesday acquired shares worth more than Rs619 crore in Eicher Motors, in which Swedish company Volvo sold 4.7% stake for Rs1,920 crore. A total of 4,09,675 shares (representing 1.15% stake) of Eicher Motors were purchased by Citigroup Global through a bulk transaction on stock exchange BSE. Shares of the company were picked up for an average price of Rs 15,111 apiece, amounting the total value of the transaction at Rs619.06 crore, as per bulk deal data of bourses. Swedish commercial vehicle major AB Volvo on Wednesday sold around 4.7% stake (12.7 lakh shares) in Eicher Motors for $310 million (over Rs1,9...

Shares of McNally Bharat Engineering climbed 15 % intraday on Wednesday after the engineering company allotted shares worth Rs 25 crore to Rekha Jhunjhunwala.  The company has allotted 25 lakh equity shares to Rekha Rakesh Jhunjhunwala, the wife of ace investor Rakesh Jhunjhunwala, at Rs 100 a piece on a preferential basis. Allotment price was at a 10 percent premium to Tuesday's closing price. The Kolkata-based turnkey solutions provider also allotted 20 lakh shares to promoter Williamson Magor & Company at same price. Promoter currently held 10.23 percent stake in the company as of December 2014 while other promoters have 22.08 percent stake. At 10:42 hours IST, McNally Bharat Engineering was quoting at Rs 100.60, up Rs 9.50, or 10.43 percent.

Goldman Sachs is set to invest USD 300 million (Rs 1,850 crore) in a joint venture company floated by listed developer Nitesh Estates, which will own and operate commercial real estate assets in India, According to report, Goldman will hold 74 % and the remaining 26% will be held by the Bangalore-based real estate developer. "The JV entity is planning to acquire rent-yielding office parks, shopping malls and luxury hotels. The impending deal is a proprietary investment from the Goldman Sachs balance sheet which has assets estimated at over USD 900 billion," says the report. At 10:35 hours IST, the scrip of Nitesh Estates was quoting at Rs 12.58, up Rs 2.09, or 19.92 percent on the BSE. There were pending buy orders of 353,093 shares, with no sellers available.

Reliance Infrastructure Limited today announced the acquisition of Pipavav Defence and Offshore Engineering Company Limited, together with sole management control. Reliance Infrastructure, together with its wholly owned subsidiary Reliance Defence Systems Private Limited, has agreed to acquire from the Promoters of Pipavav Defence 13,00,00,000 equity shares representing approx. 18% shareholding in the Company at a price of Rs. 63 per Share, aggregating Rs. 819 crore. Pursuant to the aforesaid acquisition resulting in a change in management and control of the Company, Reliance Defence Systems Ltd., a subsidiary of Reliance Infrastructure Ltd. has issued a Public Announcement to make a mandatory open offer to acquire 26% shares from the public shareholders of the Company, at a price of ...

February 11, 2015 Rakesh Jhunjhunwala bought 34,85,075 shares of Fortis Healthcare through bulk deal on the BSE today. The scrips were purchased on an average price of Rs 119.35 per share at a total transaction value at Rs 41.6 crore Shares of Fortis Healthcare climbed by 20 per cent to settle at 52-week high of Rs 138.90 a piece. Also Read - Rakesh JhunJhunwala Latest Portfolio holdings - Feb 2015 ------------------ Fortis Healthcare Ltd., incorporated in the year 1996, is a Mid Cap company (having a market cap of Rs 6430.45 Cr.) operating in Pharmaceuticals and health care sector. Fortis Healthcare Ltd. key Products/Revenue Segments include HealthCare Services which contributed Rs 346.48 Cr to Sales Value (93.28% of Total Sales), Other Operating Revenue which contributed Rs 13.42 ...

30-Jan-2015 Rakesh  Jhunjhunwala bought 625,000 shares in Geojit BNP Paribas Financial Services over the last two sessions on behalf of his wife. The shares rose over 6% to Rs 51.95. Jhunjhunwala already hold stake in Geojit BNP.    

29-Jan-2015 Jhunjhunwala buys 30 lakhs shares (or 1.21%) in Man Infraconstruction Ltd at Rs.36 per share. Man Infraconstruction shares closed 20% higher at Rs.43.20 per share on BSE. Man Infra is in the Construction & Contracting - Civil sector. The current market capitalisation stands at Rs 1,121.18 crore.The company has reported a consolidated sales of Rs 60.99 crore and a Net Profit of Rs 23.16 crore for the quarter ended Sep 2014. It is listed on the BSE with a BSE Code of 533169 and the NSE with an NSE Code of MANINFRA. Its Registered office is at 12th Floor, Krushal Commercial Complex,,Above Shoppers Stop, Mumbai,Maharashtra - 400089.

2-Feb-2015  Ace investor Rakesh Jhunjhunwala has acquired additional shares worth over Rs 11 crore in Delta Corp. Through a bulk deal, Jhunjhunwala today purchased 12.5 lakh shares of Delta Corp at a price of Rs 91.75 apiece, the company said in a filing to the BSE. At this price, the stake would be worth about Rs 11.5 crore. At the end of December 2014, Jhunjhunwala held 3.47 % stake in the company. Jhunjhunwala and his wife Rekha already own 6.72 % stake.