Buy Granules India, target price Rs 190: Centrum
Considering the Covid-19 lockdown and lower capacity in Indian facilities, the brokerage has slightly lowered its earnings estimates for FY21E and FY22E by 10 per cent and 5 per cent, … Read More
Month: April 2020
Share market update: Bank shares slip; Kotak Mahindra Bank plunges 10%
The Nifty Bank index was trading 5.3 per cent down at 18128.95. – Stocks-Markets-Economic Times
SBI, HDFC Bank, ICICI activate EMI moratorium option for customers
SBI said that for customers who do not wish to avail the moratorium option they may continue to pay in usual course – The Hindu – Industry
Only 5% Of 90 Lakh Trucks Operating; Logistics Hit, Says Truckers’ Body
Many drivers have either abandoned trucks and went to native places, or have moved to stay put at places where basic amenities like food and shelter are available. – … Read More
Government Begins Fiscal Year Under Severe Strain Amid Biggest Lockdown
A prolonged slowdown in the economy depressed tax collections in the financial year that ended Tuesday, latest official data show. – NDTV Profit – Latest
Maruti Suzuki March Sales Plunge Nearly 50% Amid Coronavirus Outbreak
Maruti Suzuki’s sales of mini and compact segments comprising of cars such as WagonR, Swift, Celerio, Ignis, Baleno and Dzireslumped 43.1%. – NDTV Profit – Latest
ICICI Bank Allows Customers To Defer EMI Payments By 3 Months
Private lender ICICI Bank on Wednesday, in an official statement, allowed its customers to delay payments of active loan EMIs, for a period of three months – NDTV Profit … Read More
Wipro, Azim Premji Foundation commit ₹1,125 crore to tackle COVID-19 crisis
Corporate India has been rushing in to help the government. – The Hindu – Industry
Trading in times of lockdown: This Mumbai investor is doing exactly what he did in 2008
Merani said market fall might eventually look like the 2008 crash, and that would be the bottom. – Stocks-Markets-Economic Times
Buy MCX, target price Rs 1,400: Motilal Oswal
Over FY21-22, the brokerage expects strong revenue growth of 14-18 per cent and stable EBITDA margin of 42-44 per cent, notwithstanding the Covid-19 impact. – Stocks-Markets-Economic Times