Australia, NZ shares post worst month ever amid recession fears
The benchmark S&P/ASX 200 index shed more than 21% in March, its biggest monthly drop on record, much higher than the 12.7% it lost during its worst month during the … Read More
Month: March 2020
Buy Hero MotoCorp, target price Rs 2,110: Nirmal Bang
The buy rating on Hero MotoCorp has been retained courtesy its healthy B/S and dividend payout (50 per cent+). – Stocks-Markets-Economic Times
Bond Markets Rally On New Foreign Investment Category, H1 Borrowing In Focus
RBI announced a new category for foreign investors, while hopes of a reduction in April’s borrowing or cancellation ahead of the first-half borrowing plan aided sentiment. – NDTV Profit … Read More
Gold Futures Rangebound Near Rs 43,650-43,800/10 Grams Amid Coronavirus
At 12:08 pm, the gold futures contract (delivery on April 3) was down 0.42 per cent (Rs 186 per 10 grams) at Rs 43,656 per 10 grams. – NDTV … Read More
Covid-19 hits grey market: CSK’s valuation dips sharply
CSK is expected to become India’s first listed cricketing entity. – Stocks-Markets-Economic Times
China’s manufacturing rebounds as virus controls ease
China’s manufacturing rebounded in March as authorities relaxed anti-disease controls and allowed factories to reopen, an official survey showed Tuesday, but an industry group warned the economy has yet to … Read More
Buy Cipla, target price Rs 523: Nirmal Bang
Tthe brokerage has downward revised its FY21 and FY22 forecasts on Cipla, having knocked off Voltaren sales number and pushed Albuterol inhaler launch in the US to FY22. – … Read More
Hold Maruti Suzuki, target price Rs 4,800: ICICI Direct
For Maruti Suzuki, the brokerage has a -13 per cent, flat, 10.8 per cent year-on-year volume trajectory in FY20E, FY21E, FY22E, respectively. – Stocks-Markets-Economic Times
Reliance Industries gains over 3% on fundraising plan
Shares of Reliance Industries have fallen over 50 per cent from all-time high of Rs 1,617.80 as Covid-19 hammered global markets. – Stocks-Markets-Economic Times
Share market update: Bank shares up; ICICI Bank gains 3%
The Nifty Bank index was trading 1.41 per cent up at 19047.55 . – Stocks-Markets-Economic Times