Brokerage firm Jefferies maintained a buy call on ICICI Bank post-Q3 results, a hold rating on Kotak Mahindra Bank, and a buy rating on Paytm. CLSA downgraded Zee Entertainment to sell from a buy earlier.
"CEAT's stock may give a superb rally in the upcoming days. One can go long on the counter expecting a target price of Rs 2,500. Keep stop placed below Rs 2,420," said Kiran Jani told Business Today TV.
ZEE said it is in receipt of a communication from CMEPL and BEPL that they will enter into good faith negotiations with a view to discuss the extension of the date required to make the merger scheme effective by a reasonable period of time.
Adani is now behind the Spanish billionaire Amancio Ortega ($83.6 billion) and is ahead of American billionaire Waltons-- Jim ($70.90 billion, Rob ($69.7 billion) and Alice ($68.60 billion).
Adani alone added $4.41 billion to his wealth on Monday, as he is now wealthier than American billionaires Rob and Alice Walton, Julia Flesher Koch & family and Michael Dell.
ZEEL: Nuvama Institutional Equities said ZEE's other sales and services soared 201 per cent YoY led by higher syndication and strong theatrical performance of movies (‘Gadar 2’).
ZEE-Sony merger faced multiple roadblocks since it was first announced in September 2021. Post approval from the stock exchanges in July 2021, the CCI granted its approval to the merger in October 2022.
In an interim order, the Securities and Exchange Board of India (SEBI) in June restrained Essel Group Chairman Subhash Chandra Goenka and Goenka from board seats in any entity formed through the merger or amalgamation of the four Zee group companies. SEBIs investigations showed that Chandra and Goenka abused their position as directors of Zee Entertainment in 2019 by siphoning off funds for their own benefit.
Bajaj Auto, Wipro, LTIMindtree Q2 results, IRM Energy IPO to open for subscription in Top News on October 18: Share markets, Nifty, Bank Nifty, gold, crude oil outlook, banks closed in Assam on Kati Bihu, Samsung Galaxy A05s India launch, daily petrol and diesel rates also in focus in top stories today.