Local news taking precedence on Dalal Street as Wall Street will remain shut on Monday on account of Memorial Day. Here are the stocks in news you need to keep an eye on -:
- PNB Housing Finance: Stock locked up in upper circuit as company approved fund raising which will be led by Carlyle. The Carlyle Group to make open offer for up to 7.08 cr equity shares at Rs 403.22/sh
- Divis Lab: Strong set of earnings has prompted brokerage bets, Goldman Sachs has raised the Buy Target to Rs 4530/share, while Jefferies remains bullish with a Rs 4732/share target.
- Redington: After rising almost 70% this year, this stock continues to soar to fresh 52 week high. The company reported a 153% rise in Q4 profit on Friday.
- M&M: Stock has seen some profit booking as it fell almost 6% after the company reported Q4 net profit at ₹163cr against an expectation of ₹1,015cr. Goldman Sachs has a 'buy' call with a target at ₹993 per share; CLSA has a 'buy' call with target price to ₹1,090
-