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Stocks in the news: ICICI Bank, Titan, Motherson Sumi, IndiGo, IPCA Labs, BoB and Persistent SystemsThe second largest private sector lender ICICI Bank set the floor price at Rs 351.36 per share for its proposed share sale to raise up to Rs 15,000 crore.
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… Read More- Record stimulus slows credit downgrades of Indian companiesYield premiums for AAA ranked 10-year rupee company notes over similar-maturity sovereign debt have declined to 80 basis points from 152 at the end of May, the highest since 2009, according to data compiled by Bloomberg.
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- SGX Nifty up 20 points; here's what changed for market while you were sleepingNifty futures on the Singapore Exchange traded 18.50 points, or 0.16 per cent higher at 11,337.50, in signs that Dalal Street was headed for a positive start on Tuesday.
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- Analysts positive on Titan despite Q1 lossAs its stores remained shuttered across vast swathes of India through the three months of summer, Titan reported a June-quarter loss of Rs 270 crore, compared with a profit of Rs 371 crore in the year-ago period.
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- Brokerages raise targets on CiplaCipla’s shares hit a record high of Rs 814.45 on Monday before ending at Rs 795.65, up 9.2 per cent from the previous close. Cipla reported a 26.6 per cent rise in its consolidated net profit to Rs 566 crore.
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