collected by :Ros Roger
Hindalco's shares fall 2%; Macquarie retains outperform ratingMoneycontrol NewsShares of Hindalco extended their fall from Thursday and were trading 2 percent lower. The stock touched an intraday high of Rs 204.00 and an intraday low of Rs 193.80. Global research firm Macquarie has maintained an outperform rating on the stock with a target of Rs 305 per share. The stock has fallen 14 percent in the past one month, while its three-day fall stood at a little over 11 percent. At 12:24 hrs Hindalco Industries was quoting at Rs 194.90, down Rs 3.35, or 1.69 percent, on the BSE.
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![DHFL shares fall nearly 2% after Rakesh Jhunjhunwala cuts stake in April-June quarter]()
DHFL shares fall nearly 2% after Rakesh Jhunjhunwala cuts stake in April-June quarterMoneycontrol NewsDewan Housing Finance Corporation share price declined as much as 1.7 percent in morning on Thursday after big bull Rakesh Jhunjhunwala reduced his stake in the company. Related NewsJhunjhunwala Rakesh Radheshyam has sold 13,34,736 equity shares during the quarter, bringing the stake down to 86,65,264 shares from 1,00,00,000 shares earlier, as of June 2018. In September quarter of 2015, Jhunjhunwala shares turned double to 1 crore shares from 50 shares earlier after the bonus share issue in the proportion of one share for every one share held. The stock price gained 5 percent this year on top of 139 rally seen in the previous year. At 10:09 hours IST, the stock price was quoting at Rs 612.85, down Rs 7.70, or 1.24 percent on the BSE.
Hindalco's shares fall 2%; Macquarie retains outperform ratingMoneycontrol NewsShares of Hindalco extended their fall from Thursday and were trading 2 percent lower. The stock touched an intraday high of Rs 204.00 and an intraday low of Rs 193.80. Global research firm Macquarie has maintained an outperform rating on the stock with a target of Rs 305 per share. The stock has fallen 14 percent in the past one month, while its three-day fall stood at a little over 11 percent. At 12:24 hrs Hindalco Industries was quoting at Rs 194.90, down Rs 3.35, or 1.69 percent, on the BSE.
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Tesla shares fall after Needham downgrades to sell, citing possible increase in Model 3 cancellations
Tesla shares fell on Thursday after Needham & Co downgraded the stock to sell from hold, citing a possible pick-up in Model 3 cancellations. "Based on our checks, refunds are outpacing deposits as cancellations accelerate," wrote analyst Rajvindra Gill in the note Thursday. "The reasons are varied: extended wait times, the expiration of the $7,500 credit, and unavailability of the $35k base model." Almost a year later, we believe it has doubled and outpaced deposits. Model 3 wait times are currently 4-12 months and with base model not available until mid-2019, consumers could wait until 2020," Gill added.as mentioned in
DHFL shares fall nearly 2% after Rakesh Jhunjhunwala cuts stake in April-June quarterMoneycontrol NewsDewan Housing Finance Corporation share price declined as much as 1.7 percent in morning on Thursday after big bull Rakesh Jhunjhunwala reduced his stake in the company. Related NewsJhunjhunwala Rakesh Radheshyam has sold 13,34,736 equity shares during the quarter, bringing the stake down to 86,65,264 shares from 1,00,00,000 shares earlier, as of June 2018. In September quarter of 2015, Jhunjhunwala shares turned double to 1 crore shares from 50 shares earlier after the bonus share issue in the proportion of one share for every one share held. The stock price gained 5 percent this year on top of 139 rally seen in the previous year. At 10:09 hours IST, the stock price was quoting at Rs 612.85, down Rs 7.70, or 1.24 percent on the BSE.