Wednesday, 19 October 2016

Stocks & News of the Day



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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Buy, sell, and hold: 7 stocks analysts recommend to watch out:
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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