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The move to initiate insolvency proceedings follows the expiry of the six-month deadline for resolving the default in respect of these companies. In terms of the RBI’s June 2019 circular, banks are required to make additional provisions for defaults that are unresolved, and insolvency proceedings are not initiated.
Buy Dixon Technologies, target price Rs 6,100: DARTDixon’s Q4 numbers were ahead of its estimates, with strong performance in consumer electronics segments.
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… Read MoreStocks in the news: Reliance Industries, Vodafone Idea, Tata Motors, Dr Reddy's Labs and BHELCSB Bank, JK Tyre, Pfizer, Shalby, Shoppers Stop and Ramky Infra are among companies which will announce Q4 results today.
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… Read MoreRIL’s partly paid-up shares may list at a 50% premiumAnalysts have calculated that the partly paid-up shares will be listed at around Rs 650
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… Read MoreAsian stocks, oil sell off on second wave fearsMSCI's broadest index of Asia-Pacific shares outside Japan was down 0.25% with Australian shares off 0.4% and South Korea slipping 0.6%. Japan's Nikkei fell 0.75%.
from Stocks-Markets-Economic Times https://ift.tt/3d5x0Am
… Read MoreBuy Jubilant Life Sciences, target price Rs 867: Anand RathiThe brokerage continues to remain positive on the company on a medium to longer term perspective and maintains a buy rating on the stock.
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