Aspire Systems acquires a majority stake in RapidValue Solutions
As part of this agreement, Aspire Systems is buying out the entire stake of Helion Ventures to become the majority shareholder. from Marke...Read More
Gold prices today gain as rising Covid cases spur safe haven demand
Globally, gold prices edged higher on Wednesday, hovering near an eight-year high. from Markets-Economic Times https://ift.tt/3ePHTIe Read More
Trending stocks: Vodafone Idea shares down over 3%
A total of 30,186,933 shares changed hands on the counter till 09:49AM (IST). from Markets-Economic Times https://ift.tt/31vzGFg Read More
Buy Century Plyboards (India), target price Rs 169: Anand Rathi
The brokerage likes Century Ply for its leading positions in its product categories, strong balance-sheet and healthy FCF generation. from...Read More
SBI Gen, Premji firm may acquire Future Generali
Merchant banker UBS has been running the process to find a buyer for Future Group’s stake, but with Generali now wanting to exit, there coul...Read More
Buy Mahindra & Mahindra, target price Rs 600: Motilal Oswal
Any positive surprise in the SUV business, positive evolution of the Ford India JV or correction of capital allocation by the new CEO should...Read More
Airtel to sell around 25% in Nxtra to Carlyle
"The post-money enterprise valuation of Nxtra is approximately USD 1.2 billion and Carlyle will hold a stake of approximately 25% in th...Read More
Powell stresses extraordinary urgency to keep virus in check
The Fed released the text of his remarks on Monday afternoon. from Markets-Economic Times https://ift.tt/38eu1Vs Read More
Stamp duty to pinch liquid fund returns further
The move by the Securities and Exchange Board of India to hold at least 20% of liquid funds’ corpus in liquid assets like cash and governmen...Read More
Buy Greenply Industries, target price Rs 110: Anand Rathi
The brokerage likes Greenply for its leading position in plywood, backward integration and strong balance-sheet. from Markets-Economic Tim...Read More
Airlines risk extinction as India refuses to bail billionaires out
Prime Minister Narendra Modi’s administration, facing a widening fiscal deficit, hasn’t doled out funds to individual industries or airlines...Read More
SGX Nifty down 45 points; here's what changed for market while you were sleeping
Nifty futures on the Singapore Exchange traded 46 points, or 0.45 per cent lower at 10,229, in signs that Dalal Street was headed for a nega...Read More
Add Piramal Enterprises, target price Rs 1,420: ICICI Securities
The brokerage remains positive on Piramal Enterprises’ unique positioning in the pharma business with its CDMO services and critical care pr...Read More
Stocks in the news: Vodafone Idea, JSPL, ONGC, Petronet LNG and Bank of Baroda
Automobile majors will announce sales for June on Wednesday. from Markets-Economic Times https://ift.tt/38elP7E Read More
Add Sun TV Network, target price Rs 452: ICICI Securities
The brokerage expects only a slight dip in EPS and has raised its EPS estimate by 7.7 per cent for FY21E on lower amortisation. from Marke...Read More
Tax sop to be boon for SBI in Yes Bank rejig
SBI’s executive committee approved of this purchase in mid-March. from Markets-Economic Times https://ift.tt/3eUFVGQ Read More
Brokerages’ views mixed on Glenmark Pharma
Shares of Glenmark declined 3.7 per cent to close at Rs 450 on Tuesday. from Markets-Economic Times https://ift.tt/2YO2oj0 Read More
Tata Steel Europe units may get Tata Sons infusion
"We are doing what can be done to be as lean and efficient as possible. It really is Tata Steel’s responsibility and we will do as much...Read More
Buy Max Financial Services, target price Rs 565: Suruchi Kapoor
The analyst suggested a stoploss at Rs 520. from Markets-Economic Times https://ift.tt/2NJ1Kgn Read More
Vodafone Idea posts Rs 11,643 crore Q4 loss on one-time AGR charge
Net debt stood at Rs 112,520 cr compared with Rs 103,310 crore in the previous quarter. from Markets-Economic Times https://ift.tt/2YNQkOF...Read More
Buy SBI Life Insurance Company, target price Rs 850: Suruchi Kapoor
The analyst suggested a stoploss at Rs 782. from Markets-Economic Times https://ift.tt/2ZtiEVX Read More
US stocks-S&P 500 ends best quarter since 1998 on a high note
Coming off a drop of 20% in the first quarter, the biggest quarterly decline since the financial crisis in the fourth quarter of 2008, the S...Read More
SBI group to hire about 2,000 people
While people with experience in rural and agriculture will be recruited through newly set up micro finance vertical, appointments will take ...Read More
Stock Ideas: Motilal Oswal has a buy call on HDFC Bank, target price Rs 1,250
The brokerage estimates the loan book / PAT to grow at a CAGR of 16 per cent/9 per cent over FY20–22. from Markets-Economic Times https://...Read More
Gold prices today edge higher as rising Covid cases spur safe-haven demand
SPDR Gold Trust, holdings increased 0.3 per cent to 1,178.90 tonnes on Friday, while speculators increased their bullish positions in COMEX ...Read More
Hold Kajaria Ceramics, target price Rs 389: Emkay Global
Though the near-term outlook remains challenging, the brokerage says it will continue to command premium multiples due to its leadership pos...Read More
Should you readjust your portfolios before the next earnings cycle kicks in? Deepak Shenoy explains
‘We are going to see a recovery globally before we see a recovery locally’ from Markets-Economic Times https://ift.tt/2Zjgk3y Read More
HUL, Godrej top FMCG stocks to bet on: Nitin Raheja
‘They will hold up quite well because they have a very strong rural base’ from Markets-Economic Times https://ift.tt/3dFKm6F Read More
Gold set for best quarter in 4 years on virus fears
Bullion, with more than 12% gains this quarter, is on track for its best quarter since end-March 2016. Gold was also headed for its third st...Read More
Asia stocks up as China PMI, U.S. data cheer markets worried over coronavirus surge
The Nikkei rose 2%, shrugging off a larger-than-expected decline in Japanese industrial production. from Markets-Economic Times https://if...Read More
Government’s relief measures to boost roads companies
And the NHAI will compensate for the loss of toll collection by increasing the concession period proportionately. from Markets-Economic Ti...Read More
Emkay Global has a buy call on ITC, target price Rs 240
According to the brokerage, while Q1 will be hit due to the lockdown, stronger recovery and share gains across cigarettes and FMCG portfolio...Read More
SGX Nifty up 75 points; here's what changed for market while you were sleeping
Nifty futures on the Singapore Exchange traded 76.50 points, or 0.75 per cent higher at 10,323.50, in signs that Dalal Street was headed for...Read More
Sell Berger Paints, target price Rs 430: Emkay Global
Recovery looks quicker than expected, led by small towns but demand visibility is still low. from Markets-Economic Times https://ift.tt/3e...Read More
Vodafone Idea Q4 loss likely to decrease
Analysts expect VIL to lose 5-15 mn customers due to SIM consolidation & lockdown. from Markets-Economic Times https://ift.tt/2Zl06ae ...Read More
Buy Multi Commodity Exchange of India, target price Rs 1,330: Dharmesh Shah
The analyst suggested a stoploss at Rs 1225. from Markets-Economic Times https://ift.tt/38gSOIK Read More
Oil prices slip as weak Japan data exposes market jitters over fragile demand
U.S. West Texas Intermediate (WTI) crude futures briefly traded higher then fell 38 cents, or 1%, to $39.32 a barrel by 0038 GMT, after clim...Read More
RIL close to buying Future’s retail business
Several other players like US-based retail giant Amazon had evinced interest in Future Group. from Markets-Economic Times https://ift.tt/2...Read More
Stocks in the news: Vodafone Idea, Axis Bank, ONGC, Tata Steel and Aditya Birla Fashion
Deepak Fertilisers, Goa Carbon and Ircon International, are among the companies scheduled to announce their results on Tuesday. from Marke...Read More
Mutual fund investors give middlemen the slip
Direct schemes do not entail distributor’s fee, which crimps the NAV of a unit. from Markets-Economic Times https://ift.tt/2VwrdOr Read More
Buy Ipca Laboratories, target price Rs 1,774: Dharmesh Shah
The analyst suggested a stoploss at Rs 1625. from Markets-Economic Times https://ift.tt/2ZskWEO Read More
The curious case of stock rallies after investor meets
Companies are required to disclose meetings with investors to stock exchanges. from Markets-Economic Times https://ift.tt/2CWWpA9 Read More
Buy Tata Consultancy Services, target price Rs 2,210: Dharmesh Shah
The analyst suggested a stoploss at Rs 2040. from Markets-Economic Times https://ift.tt/2AfDHmd Read More
SBI MF, Damani take stakes in Andhra Paper
Andhra Paper reported earnings per share of Rs 53 for the year ended March 2020 from Markets-Economic Times https://ift.tt/3dMKIsl Read More
Dow ends up 2.3% as US stocks bounce from Friday rout
The broad-based S&P 500 gained 1.5 percent to 3,053.24, while the tech-rich Nasdaq Composite Index advanced 1.2 percent to 9,874.15. Maj...Read More
Lenders reject JSW demand for more time
The core committee of financial creditors to BPSL, comprising top three lenders, met to formulate their plans after JSW’s request last week ...Read More
Neutral on ITC, target price Rs 190: Motilal Oswal
The brokerage values ITC at 14 times Jun’22 EPS (20 per cent premium to global peers average multiple) to arrive at a target price of Rs 19...Read More
Defence sector a huge opportunity; Bharat Electronics, Cochin Shipyard, L&T top bets: Kotak Securities
‘We do not see upside in most IT names except Infosys, Tech Mahindra and HCL Tech’ from Markets-Economic Times https://ift.tt/3eIdk7b Read More
Avoid OMC stocks if you are a long-term investor: Aditya Khemani
‘Policy framework has not been very certain in government-owned OMCs’ from Markets-Economic Times https://ift.tt/2BmJh6C Read More
Buy Piramal Enterprises, target price Rs 1,600: Motilal Oswal
The tough environment of the past 1-1.5 years has prompted PIEL to undertake various steps to protect its balance sheet by consolidating its...Read More
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