MindTree: Angel broking is bullish and has recommended buy rating on the stock with a target of Rs 708 in its July 16, 2012 research report.
MindTree reported spectacular growth for the first quarter ended June 30, 2012. The company's net profit surged by 116% year on year(y-o-y) to $16.7 million in dollar terms. While, the rupee profits have surged by 157.2% y-o-y for the first quarter ended June 30, 2012.
Sukhani told CNBC-TV18, "Axis Bank is one of the better banking companies as far as technical are concerned. Few percentages up and down moves are going to come. If they do not come then the markets will come to a standstill. So we shouldn't worry about that."
Tata Steel: Angel Broking has recommended a buy on Tata Steel with target price of Rs 499. Tata Steel is expected to sell its 50% stake in Netherlands-based HKS to Euro Scrap Alliance, according to news reports. HKS is a ferrous and non-ferrous metals recycler with an annual turnover of Rs 2,700.
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