JPMorgan maintains an overweight rating on ITC with a target price of Rs 490. Jefferies recommends a buy on Coal India and CLSA suggests buying L&T. Read more for the full list of recommendations from top brokerage firms.
Tech View: Nifty on Thursday ended 144 points higher and formed a high-wave type candle pattern. Larsen & Toubro raises Rs 1,500 crore through NCDs. US stocks open higher on hopes of the end of Fed’s rate hikes. Oil gains 1% after Fed keeps rates unchanged. Pound rises after Bank of England holds rate steady. Akzo Nobel India reports a 44% increase in net profit. Tata Motors reports Q2 results with a rise in revenue. Adani Enterprises reports a 848% growth in net profit in Q2.
Shares of Godrej Consumer Products Ltd. rose by 0.74% despite Sensex trading lower. The stock opened with a gap down and recorded a 52-week high of Rs 1101.55. The company reported consolidated sales of Rs 3518.02 crore, up 7.98% from the previous quarter. Technical indicators indicate a neutral standing for the stock.
