BHEL
up 5%; CLSA upgrades to buy on legal win for Ennore proj:
BHEL shares surged 5.4 percent intraday
Wednesday, in addition to 3.3 percent rally in previous session after CLSA
upgraded the stock to buy from sell on improved EPS visibility on the legal
victory by its client Tamil Nadu Generation and Distribution Corporation
(TANGEDCO) in Ennore project.
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Morgan Stanley is equal-weight on ICICI Bank
with target price at Rs 255 per share as credit cost estimates for next three
years remain unchanged. It says stock surge post deleveraging of Essar group
offsets some recent weakness and have assumed a total provisioning of over Rs
30000 crore in next three years.
Govt
may levy commodity-wise rate slab for GST compensation cess:
The
government may levy a proposed Goods and Services Tax (GST) compensation cess
commodity-wise in a rate slab, according to an official privy to the GST
Council meeting which is underway, reports CNBC-TV18’s Sapna Das.
Endurance Technologies lists at Rs 572, up 22% over
issue price: It had fixed issue price at the higher end of price
band of Rs 467-472 per share. The Aurangabad-based company has raised around Rs
1,161 crore through the issue, including Rs 348 crore from anchor investors.
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