Stock Ideas: Motilal Oswal has a buy call on HDFC Bank, target price Rs 1,250
The brokerage estimates the loan book / PAT to grow at a CAGR of 16 per cent/9 per cent over FY20–22. – Stocks-Markets-Economic Times
Month: June 2020
Hold Kajaria Ceramics, target price Rs 389: Emkay Global
Though the near-term outlook remains challenging, the brokerage says it will continue to command premium multiples due to its leadership position and balance sheet strength. – Stocks-Markets-Economic Times
Buy Ashok Leyland, target price Rs 74: Emkay Global
The brokerage expects recovery from Q4FY21E onwards led by the low base, replacement demand and gradual improvement in economic activity. – Stocks-Markets-Economic Times
Sensex Rises 200 Points, Nifty Above 10,350 Amid Gains Across Sectors
On Monday, the Sensex had ended 209.75 points – or 0.60 per cent – lower at 34,961.52, and the Nifty settled at 10,312.40, down 70.60 points – or 0.68 per … Read More
Diesel Remains Costlier Than Petrol In Delhi. Here Are Latest Fuel Rates
Domestic petrol and diesel prices are determined broadly by crude oil and forex rates, and vary from state to state due to value added tax (VAT). – NDTV Profit … Read More
Asia stocks up as China PMI, U.S. data cheer markets worried over coronavirus surge
The Nikkei rose 2%, shrugging off a larger-than-expected decline in Japanese industrial production. – Stocks-Markets-Economic Times
Government’s relief measures to boost roads companies
And the NHAI will compensate for the loss of toll collection by increasing the concession period proportionately. – Stocks-Markets-Economic Times
Emkay Global has a buy call on ITC, target price Rs 240
According to the brokerage, while Q1 will be hit due to the lockdown, stronger recovery and share gains across cigarettes and FMCG portfolios can provide upsides. – Stocks-Markets-Economic Times
Sell Berger Paints, target price Rs 430: Emkay Global
Recovery looks quicker than expected, led by small towns but demand visibility is still low. – Stocks-Markets-Economic Times
Sensex, Nifty Likely To Open Higher
The domestic stock markets are expected to start the day in the green, following positive global cues on upbeat US data and hopes for stimulus-backed economic rebound. – NDTV … Read More