Brokerage firm Prabhudas Lilladher has raised its 12-month forward target for the benchmark Nifty to 26,398 from 25,816, as compared to a month ago. “In the Base Case,PL values NIFTY at 3% discount to 15-year average PE (18.6x) with March 26 EPS of 1,417 and arrives at a 12-month target […]
Brokerage firm Prabhudas Lilladher
UltraTech Cement on June 27 announced that its board had approved the acquisition of a 23 per cent equity stake in India Cements. UltraTech plans to purchase 7.06 crore shares of India Cements at ₹267 apiece, bringing the total deal value to approximately ₹1,885 crore. The promoter group holds a […]
Brokerage firm Prabhudas Lilladher’s, Vaishali Parekh who is Vice President – Technical Research has suggested healthcare stock Dr Reddy’s Lab to buy this week. Parekh has set the target price of the healthcare stock at ₹6,500, sees an upside potential of 10.73 per cent. “The stock has corrected well and […]