Neutral on Hero MotoCorp, target price Rs 2,000: Motilal Oswal
Barring near-term volatility, there is limited downside risk from current levels (due to cheap valuations). – Stocks-Markets-Economic Times
Month: April 2020
RBI Announces More Measures To Deal With Economic Fallout Of Covid-19
The Reserve Bank of India (RBI) on Wednesday announced more measures, including extension of period for realisation and repatriation of export proceeds, to deal with the economic fallout of Covid-19… … Read More
Non-Subsidised LPG Price Cut By Rs 61.5-65 Per Cylinder In Metros
Currently, the government subsidises 12 cylinders of 14.2 kilograms each per household in a year. The consumer has to make any additional purchases at the market price. – NDTV … Read More
Australian shares end higher on upbeat China data; NZ up over 1%
In New Zealand, the benchmark S&P/NZX 50 index gained 1.3 per cent to finish at 9,926.08. – Stocks-Markets-Economic Times
European shares tumble as more coronavirus damage revealed
The pan-European STOXX 600 index was down 2.4 per cent, after ending Tuesday with its worst quarter in 18 years. – Stocks-Markets-Economic Times
Fitch Solutions revises down mineral production growth forecasts for India
Despite mining activities remaining operational in the country, the various other restrictions are hampering output. – Stocks-Markets-Economic Times
Sensex tanks over 1,000 points: FII outflows and what else is behind market selloff
Equity inventors lost Rs 2.68 lakh crore as Sensex declined over 1,000 points. – Stocks-Markets-Economic Times
Howard Marks’ bull & bear case outlook on end of virus crisis
He said in a positive case scenario, better news will arrive in the not-too-distant future. – Stocks-Markets-Economic Times
Share market update: Auto shares slip on weak March sales numbers
The Nifty Auto index was trading 1.34 per cent down at 4667.8. – Stocks-Markets-Economic Times
Buy Reliance Industries, target price Rs 1,523: Motilal Oswal
The brokerage has cut EV/EBITDA for the core segment from 7.5 times to 6 times. After adding the equity valuation of retail and telecom, it arrived at a revised valuation … Read More