Vedanta: CLSA upgraded the rating of the company to ‘buy’ from the earlier underperform call with target price of  Rs 390 per share.

On 9th April, the BSE Sensex ended at 74,683.70, went down by 58.80 points or 0.08 per cent. The index reached its all-time peak of 75,124.28. The NSE Nifty settled down by 0.10 per cent to end at 22,642.75. The index also touched a new high of 22,768.40 during yesterday’s trade.

The Nifty Bank index which comprises data of 12 banking stocks, hit a fresh high of 48,960.75 and closed in the green at 48,730.55, up 148.85 points or 0.31 per cent.

According to the Experts and Zee Business below the stocks will be in focus today.

1. Paytm: MD & CEO of Paytm Payments Bank, Surinder Chawla, resigned from his position with effect from June 26 will again keep the stock in focus today.
2. Lupin: The company received approval from the United States Food and Drug Administration (U.S. FDA) to launch its first generic version of Oracea (Doxycycline Capsules, 40 mg), in the United States.
3. Krystal Integrated Services: The company will announce its Q4FY24 results on Wednesday.
4. Aegis Logistics: The company’s board will discuss dividend in a meeting on April 10.
5. Interglobe Aviation: There is an increase of 20-25 percent in airfares recently. The crisis of Vistara flights and robust demand for air travel, led to an increase in the prices.
6. Protean eGov: 360 ONE Funds will pare 21.5 lakh shares in the company in a block deal estimated to be worth Rs 245 crore.
7. Lupin: The company receieved an USFDA approval and launched the Doxycycline capsule which is used in the treatment of inflammatory lesions.
8. Finolex Industries: The company has sold a land of Rs 471 crore to Adani Group.
9. IRB Infra: IRB Ahmedabad’s claim of 1032 cr from NHAI rejected by Arbitral Tribunal.
10. Axis Bank: The PE player sold its stake in the company and Mirae Asset MF as well as Goldman Sachs are the buyers in the bank.
11. Five Star Business: TPG ASIA VII SF sold 56.54 lakh (1.9%) shares at an average price of  Rs 752.02 per share in the company via bulk deal.
12. Vedanta: CLSA upgraded the rating of the company to ‘buy’ from the earlier underperform call with target price of  Rs 390 per share.
13. Godrej Properties: Jefferies maintained a buy rating of the company with an upgraded target price of Rs 3175 from the earlier Rs 2700 per share.

(With inputs from agencies.) 

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice.)