Buy Voltas, target price Rs 637: Motilal Oswal
The company remains optimistic of recouping sales post the lifting of lockdowns and does not expect the entire washout of summer season demand, the brokerage said.
Buy Alkem Laboratories, target price Rs 2,700: Motilal Oswal
The evolving situation due to the Covid-19 outbreak is likely to have a mixed impact on the domestic formulation (DF) growth outlook over the medium term.
Motilal Oswal Financial Services shares dive 16.7%
The stock quoted a 52-week high of Rs 882.0 and a 52-week low of Rs 489.1.
What changed for D-Street while you were sleeping
Net-net, foreign portfolio investors (FPIs) were sellers of domestic stocks to the tune of Rs 2153.35 crore on Tuesday, data available with NSE suggested.
Motilal Oswal board okays Rs 150 crore share buyback plan
Shares of Motilal Oswal Financial Services have dropped 27 per cent in the last one month.
Buy V-Mart Retail, target price Rs 2,400: Motilal Oswal
If there is a washout of business for 1-2 months, revenue could be impacted by 10-15 per cent in FY21 with a much steeper impact on profitability.
Quess Corp considers share buyback
Quess Corp shares have fallen more than 60 per cent over the last one month and nearly 74 per cent from their yearly high amid a stock market meltdown tracking the pandemic.
Buy Ashok Leyland, target price Rs 72: Motilal Oswal
The brokerage has lowered the FY21/22 S/A EPS estimate by 25 per cent/20 per cent to factor in the near-term volume weakness due to the impact of BS6 transition, coronavirus, as well as higher debt factored in from the HLFL stake purchase.
Buy Hindustan Unilever, target price Rs 2,425: Motilal Oswal
If we take the merger with GlaxoSmithkline Consumer Healthcare into account, (not in the brokerage’s projections yet), EPS CAGR could be even more remarkable at ~22 per cent over FY20-22.
Buy Motherson Sumi, target price Rs 108: Motilal Oswal
The brokerage maintains a positive view on Motherson Sumi owing to stabilization of the greenfield plant, execution of strong order book of Samvardhana Motherson Automotive System Group BV (SMRP BV + India recovery).
Power demand showing signs of recovery: Motilal Oswal Institutional Equities
Conventional electricity generation increased 10.4% year on year in Feb'20. This is the second straight month of demand uptick after four consecutive months of decline.
Buy Endurance Technologies, target price Rs 1.025: Motilal Oswal
The brokerage lowered the consolidated EPS FY20/21 estimates to by 1%/8% to factor in for impact of Covid-19 in EU business.
Corona carnage threatens to wipe off market’s entire Modi-era gain
Indian stock market has eroded some Rs 52 lakh crore of investor wealth in recent selloff.
Crude futures contract down 8%
The circuits in crude are 4%, 6%, 9% and after a 15 minute cooling off at 12% and then 15%.
A short-selling ban could make problem worse for Street, say experts
Past experience globally shows that curbs on short-selling have not prevented market rout.
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