New Delhi: The shares of CEAT, Suzlon, Reliance Infrastructure, Bharti Airtel and IDBI Bank are expected to remain in focus on Monday.
CEAT
CEAT shares are expected to remain in focus today after Nuvama maintained a buy rating on the stock. Giving a Buy call on Ceat, Nuvama advised the investors to set a target price of Rs 3000.
IDBI Bank
Income tax department has sent an ITR order amounting to Rs 2,701.62 crore for the assessment year 2016-17. The private lender in its Q4 Results 2024, reported a 44 per cent jump in net profit at Rs 1,628 crore in the March quarter of financial year 2023-24.
Bharti Airtel
CLSA has backed Bharti Airtel and advised stock market investors to buy the telecom company’s shares with a target price of Rs 1540. The Sunil Mittal-headed company is amongst the top 10 most valued domestic firms in regards to market capitalisation. The m-cap of the telecom firm climbed Rs 32,080.61 crore to Rs 8,10,416.01 crore.
Suzlon
Nuvama has given a Buy rating for Suzlon shares with a target price of Rs 53. Meanwhile, the company informed the exchanges that its independent director, Marc Desaedeleer, has resigned from the board on June 8, 2024. Desaedeleer had joined Suzlon’s board in 2016.
Reliance Infrastructure
Anil Ambani promoted Reliance Infrastructure plans to raise USD 350mn (Rs 3000 crore) through foreign currency convertible bonds (FCCB) to repay its rupee debt and start new businesses such as electric power generation.
(Disclaimer: Arun Mantri is a SEBI registered investment advisor. This article is only meant to provide information. News9live.com does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
Stocks to watch today: Buvama has given a Buy call on CEAT and Suzlon shares. The shares of Reliance Infrastructure, Bharti Airtel and IDBI Bank are also expected to remain in news on June 10, 2024, i.e. Monday. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
