Maruti’s petrol-only success crucial to determine how the stock fares
Diesel cars are priced more than Rs 1 lakh than their petrol variants. – Stocks-Markets-Economic Times
Month: January 2020
Jefferies maintains buy on Mahindra & Mahindra Financial Services, raises target price to Rs 415
M&M Financial’s third quarter profit beat Jefferies’ estimate as stronger net interest income and lower opex offset higher provision. – Stocks-Markets-Economic Times
CLSA maintains buy on Bharti Airtel, target price Rs 565
The brokerage has maintained its rating based on Bharti’s expected accelerating India mobile growth, with tariff hikes and 4G data adoption driving 16% CAGR in India mobile revenue – … Read More
The crisis that shattered India’s economic dreams
Wish Town’s failure tells the story of an economy in distress. – Stocks-Markets-Economic Times
Investec downgrades TeamLease Services to sell, lowers target price to Rs 2,350
While the revenue weakness can be attributed to the weaker macro, FY20 will be a year of earnings declines – Stocks-Markets-Economic Times
Government asks top PSUs to bring vendor network on TReDS
Hindustan Aeronautics, ONGC and Indian Oil are among scores of firms that have been told by the Department of Public Enterprises to ‘register immediately’ their vendors on the network or … Read More
Fresh orders give KEC stock a boost
With rising order visibility, the company’s valuation may improve in the near term. – Stocks-Markets-Economic Times
Sensex Falls 150 Points, Nifty Slips Below 12,100; RIL, Tata Steel Weak
Asian stocks slumped to a seven-week low and sovereign bonds rallied this morning amid mounting evidence that the coronavirus epidemic was spreading its tentacles across China and threatening to… … Read More
Unfinished ‘Wish Town’ Near Delhi Tells Story Of Economy In Distress
A sprawling 1,063-acre property development located in Noida, just outside New Delhi, Wish Town was supposed to give would-be home buyers sparkling shopping malls, pristine golf courses and modern… … Read More
United States Federal Reserve holds its policy rate but eyes virus outbreak
The policy-setting Federal Open Market Committee left the benchmark interest rate steady in the target range of 1.5-1.75%, as expected, at the end of its two-day meeting. – The … Read More