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Indian shares edged higher on Tuesday after a flat opening. The Sensex gained nearly 75 points while Nifty added nearly 20 points to reach 9,636.85. Meanwhile, Asian shares mostly rebounded on Tuesday despite a further slide in U.S. tech shares. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.4 percent, recouping about half of the previous session's losses as regional tech shares regained their composure. Overnight, tech giants including Apple, Alphabet, Facebook and Microsoft were sold for the second consecutive day on Monday dragging the Nasdaq 0.5 per cent lower.  Buy Rural Electrification Corporation at current market price for a target of Rs. 202 with stop loss at Rs. 188. Buy BEML at current market price for target of Rs. 1,350 and stop loss of Rs. 1,275 Contact us: - +91-9913158794 Or visit:- http://www.profitstreet.in/ Mail us at:-  info@profitstreet.in

In the quarter ended March 2017, Adani Power Ltd reported net loss if Rs. 4,960 crore against profit of Rs. 1,012 crore.Shares of Adani Power jumped as much as 2 per cent to hit intraday high of Rs. 27.50 after the company post market hours on Thursday informed stock exchanges that its board of directors will meet on June 6 to discuss slump sale of its Mundra Power Generating Business Undertaking to its subsidiary company. Adani Power in a notification to exchanges said, "the Board of Directors of the Company is scheduled to be held on 6th June, 2017 to consider and evaluate, among others, the Slump Sale of its Mundra Power Generating Business Undertaking to its subsidiary company, namely, Adani Power (Mundra) Limited. " Slump Sale is a transfer of one or more undertakings of an entity for a lump sum consideration, without values being assigned to the individual assets of the entity.  In the quarter ended March 2017, Adani Power Ltd reported net loss if Rs. 4,960 cr...

Brokerage: Morgan Stanley | Rating: Overweight | Target: Rs 242 The global research firm said that the company’s Q4 beat and new launches will drive growth going forward. It observed that it has a balanced portfolio of rental and development projects with good scale up potentials. The margin too is expanding on the back of cost reductions and sales recovery, but the debt may increase marginally to 1.15 times from 1.11 times in FY17. Key risks to the stock include blocked capital in hotel assets and stretched balance sheet. Brokerage: CLSA | Rating: Buy | Target: Rs 318 The brokerage observed that the company’s results were above estimates on better revenues. It said that the leasing build-out was steady and expects 20 percent lease income growth in FY18. Furthermore, it said that restructuring was nearing completion stage as well. United Spirits Brokerage: Macquarie | Rating: Underperform | Target: Rs 1,600 The brokerage firm observed that March quarter’s gros...

Shares of Hindustan CompositesBSE 11.sixty four % zoomed 20 per cent in Thursday’s alternate after the corporate knowledgeable stock exchanges that its board will meet on April 10, to consider and approve stock split and bonus issue of shares. Following to the announcement, the stock rallied 20 per cent to hit a high of Rs 1,908, prior to taking flight slightly. The inventory hit a 52-week high of Rs 2,119 closing year in September. In a submitting to BSE, the company stated it will consider and approve additional problem of shares by means of bonus shares. The meet will believe the sub division of face worth of equity shares i.e. stock split, the company mentioned. it'll additionally “consider looking for approval of the contributors of the company via postal ballot course of for the above referred gadgets, if authorized.” the company has said a 37.7 per cent YoY leap in web profit to Rs 12.08 crore in the December quarter on 26 per cent YoY upward push i...