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Shriram Transport has approved a rights issue to raise up to Rs 1,500 cr with Issue Price: `570/ share. Morgan Stanley Maintains Overweight rating with a Target at `940/share.
Bajaj Finance said the company continues to remain well-capitalized with a capital adequacy ratio of approximately 26.4% at the end of the June quarter. AUM stood at `1.38 lakh cr as on 30 June 2020.
NBCC: Reported a 41% decline in profit to`83.77 cr while net sales fell 16.8% to `2,568.73 cr.
Snowman Logistics: Adani Logistics and Gateway Distriparks said they have resolved their dispute over the sale of controlling stake in Snowman Logistics.
CLSA ON ONGC, GAIL: The brokerage has Reiterated a Buy rating on Gail with a target of `125 and sell rating on ONGC with a target at `55/share. CLSA prefers GAIL on valuation, stock triggers, and earnings surprise potential.
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