Buy Jyothy Labs, price target Rs 170: Kunal Bothra
The analyst suggested a stoploss at Rs 150 .
Phillip Capital maintains neutral rating on Hindustan Zinc, target price Rs 215
For the second consecutive year, the company failed to delive...
Buy ACC, price target Rs 1,575: Kunal Bothra
The analyst suggested a stoploss at Rs 1500.
Buy InterGlobe Aviation, price target Rs 1,540: Kunal Bothra
The analyst suggested a stoploss at Rs 1430.
Market Movers: Damani boost to Spencer's, RJ cuts stake in Escorts; airline stocks slip
The broader market performed better, as smallcaps ended flat.
Proposed cut in duty-free liquor, cigarettes to cause Rs 650 cr/year loss to airports: Industry body
Indian airports are likely to incur a revenue loss of Rs 650 crore per annum if the reported recommendations of the Commerce Ministry on duty-free sales are put in place, private airports operators body APAO said on Tuesday.
L&T Q3 results preview: Firm may cut order inflow guidance
L&T’s order backlog suggests better execution rate in the domestic market, said ICICI Direct.
Gold rate today: Here's how bullion may trade during the day
Brokerage SMC Global said bullion counters may witness sideways movement.
Budget 2020 should cut tax outgo by changing sec 80c, family pension laws
Deduction under section 80C is a deduction from gross total income which can be claimed for investment in specified avenues, expenditures up till a specified limit. The existing maximum deduction available under this section is Rs 1.5 lakh, set in 2014.
Brokerages cut Kotak Mahindra Bank’s target price post Q3 results
The bank made provisions and contingencies of Rs 444 crore for the quarter compared with Rs 407.93 crore in the September quarter.
Sensex drops 200 points, Nifty below 12,200 as IMF cuts India's growth forecast
The IMF on Monday lowered India's economic growth estimates for the current fiscal to 4.8%.
Steel industry seeks duty cut on key raw materials in Budget
The basic customs import duty on anthracite coal is 2.5 per cent. Since ferro alloy industry plays a vital role in steel manufacturing, it is necessary to make available these reductants at international competitive price to make Indian steel mills more competitive, it said while recommending that customs duty on anthracite coal be reduced to zero from 2.5 per cent.
Indian Navy cutting down on procurement due to Budget cuts
The rationalisation process has been initiated after consecutive budgets where projected demands of the Navy have not been met. In the current budget, for example, the Navy was allocated Rs 41,259 crore against the projected amount of Rs 64,307 crore, which officials say is not even adequate to continue annual payments for acquisition contracts already signed.
Mahindra XUV300 gets 5-star adult safety rating in Global NCAP test
The vehicle also becomes the first Indian vehicle to score a four-star child safety rating. Tata Motors' compact SUV Nexon and soon to be launched premium hatchback Altroz are the other models which have received highest rating from the Global NCAP in terms of adult occupant protection.
Government’s ability to cut personal income tax rate in budget is limited, says Akash Singhania of Motilal Oswal AMC
"If you look at the data for last 20 years or any long time period, GDP and earnings growth and the market performance have been extremely correlated and very similar to each other."
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