BDA Advises on Acquisition of Cigniti Technologies by Coforge
BDA Advises on Acquisition of Cigniti Technologies by Coforge
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BDA Advises on Acquisition of Cigniti Technologies by Coforge
Sanjiv Bhasin of IIFL Securities advises caution in investing in defence and railway stocks due to unfavorable prices. He mentions selectively booking profits in PSUs like Vedanta, Nalco, and SAIL, which have performed well in the metal space. Bhasin says he would put my money on Coforge and thinks this stock can revisit those levels of 6,000 once Cigniti acquisition goes through smoothly.
Coforge launches Rs 2,240 crore QIP, likely to fund Cigniti acquisition
In the Asia-Pacific region, stock markets opened positively on Monday following Wall Streets gains. Hong...
Sanjiv Bhasin advises on market recovery, consumer stock investment, and potential buys such as Rattan Power, Coal India, Coforge, and Bajaj Finserv. He also highlights FII impact and Kotak Bank's analysis. Bhasin says: "We have an accumulate on Kotak Bank and we think this is a very good time as most of the negatives are priced in, the positives will be outweighed but time will have to be given over here."