European shares inch lower ahead of ECB meeting, carmakers drag
Automakers and banks led the declines, falling 2.5 per cent and 1.8 per cent, respectively. – Stocks-Markets-Economic Times
Month: June 2020
Australia stocks rally for 4th day as stimulus supports rebound hopes
Barring a capitulation on Friday, the benchmark is set for its sixth straight week of gains. – Stocks-Markets-Economic Times
Sell Info Edge, target price Rs 2,135: ICICI Securities
The brokerage expects overall revenues to decline by 9% in FY21. – Stocks-Markets-Economic Times
Sensex, Nifty On Track To Break 6-Day Winning Streak Dragged By Banks
Eight of 11 sector gauges compiled by the National Stock Exchange were trading lower led by the Nifty Private Bank index’s nearly 3 per cent fall. – NDTV Profit … Read More
Nikkei rises to fresh 3-month high on recovery hopes, weaker yen
The benchmark Nikkei average ended up 0.4% at 22,695.74 points, its highest close since Feb. 21. – Stocks-Markets-Economic Times
Buy Aurobindo Pharma, target price Rs 870: ICICI Securities
The brokerage has raised its earnings estimates by 5-6 per cent to factor in higher revenue in US & emerging markets with better gross margin. – Stocks-Markets-Economic Times
Reduce Britania, target price Rs Rs 3,000: ICICI Securities
The brokerage believes Britannia is likely to outperform other staples companies in the near-term, driven by increased in-home consumption of biscuits. – Stocks-Markets-Economic Times
India Inc’s earnings scorecard shows worst profit slump since 2014
Profits at NSE Nifty 50 Index members fell about 15% last quarter from same period last year. – Stocks-Markets-Economic Times
Buy Spandana Sphoorty Financial, target price Rs 620: ICICI Securities
According to the brokerage, strong pre-provision operating profit (PPoP) margin at 16% and higher contingency buffer would ensure Spandana navigating through the current challenging cycle relatively better than peers. … Read More
India flattened the wrong curve, decimated the economy, says Rajiv Bajaj
The country ended up with the ‘worst of both worlds’, says the industrialist in conversation with former Congress chief Rahul Gandhi – The Hindu – Economy