Buzzing stocks: Vodafone Idea, HDFC Bank, Tata Motors, RIL
The NSE Nifty index was trading 198.95 points up at 9752.3. – Stocks-Markets-Economic Times
Month: April 2020
Buy Sadbhav Engineering, target price Rs 64: Anand Rathi
On revised estimates, the stock quotes at EV/EBITDA (excluding the value of BOTs) of 2.2 times FY21e and FY22e. – Stocks-Markets-Economic Times
Tesla’s Q1 results: Profit streak not derailed by coronavirus as auto industry braces for losses
Shares of the company were up more than 8% at $870 in extended trade. – Stocks-Markets-Economic Times
Facebook Q1 results: Firm sees ‘signs of stability’ in ad spending after coronavirus drop
Revenue growth was 18% in the first quarter, Facebook’s slowest ever by a wide margin, although it beat analysts’ expectations for growth of 16%, according to IBES data from Refinitiv. … Read More
Stocks rally on treatment hopes, currencies await ECB
Anthony Fauci, the top U.S. infectious disease official, said Gilead’s antiviral remdesivir will become the standard of care for COVID-19 after early results from a trial seemed to show it … Read More
Buy Max Financial Services, target price Rs 590: Edelweiss
The brokerage has assigned a 10 per cent discount to our 12 months’ fair target multiple of 2.9 times FY22E P/EV as its take on the odds of the deal … Read More
Sensex, Nifty Track Global Markets Higher
Investors around the globe have been excited by the prospect of a COVID-19 treatment because it may help countries emerge from lockdowns. – NDTV Profit – Latest
Gap-Up Opening Likely For Sensex, Nifty Tracking Global Markets
Asian shares touched a seven-week high lifted by encouraging early results from a coronavirus (COVID-19) treatment trial. – NDTV Profit – Latest
Brokerages cut target price on Axis Bank
Phillip Capital has also downgraded the stock to ‘neutral’, with a target price of Rs 500. – Stocks-Markets-Economic Times
HUL’s net may rise 17% in Q4 despite weak revenue forecast
HUL is likely to post 3-4 per cent volume growth with revenue growth of 2-3 per cent. – Stocks-Markets-Economic Times