Covid-19: Major handicraft trade fair canceled
The Export Promotion Council for Handicrafts (EPCH) on Sunday said it has cancelled the 49th edition of IHGF – Delhi Fair Spring-2020 in view of present status of COVID-19 in India and abroad. The fair, which was earlier to be held from April 15 – 19, was planned to be postponed to June or July.
Buy Kansai Nerolac, fair value Rs 485: Kotak Institutional Equities
The brokerage has cut FY20-FY22 forecasts to factor in the impact of Covi...
Buy Metropolis Healthcare, fair value Rs 1,230: Kotak Institutional Equities
The brokerage said even as it sees significant impact of Covid-1...
Buy Narayana Hrudayalaya, fair value Rs 380: Kotak Institutional Equities
The brokerage said the Covid-19 impact will be transitory and expects a full demand recovery in the second half of FY21.
After 30% correction, Indian market already fairly valued: Manishi Raychaudhuri
One should focus on capital preservation, says the Asia Pacific Equity Strategist, BNP Paribas.
CCI suspends combination, anti-competitive business practices filings till March 31
In a notice, the fair trade regulator said all filings related to anti-competitive agreements and abuse of dominant positions (Sections 3 and 4 of the Competition Act, 2002) will remain suspended. Besides, pre-filing consultations, notifications related to combination and inquiry into combination have been deferred till March 31.
Masks, sanitisers can be sold at fair price shops: Delhi food minister
Officials are already taking necessary action against black-marketers and hoarders as per law under the provisions of the Essential Commodities Act. The minister said the practice of social distancing must be followed while distributing ration among beneficiaries, who should be asked to maintain a distance of at least one metre between them.
Coronavirus shuts art fairs, museums: Galleries respond with virtual viewing rooms
Art Basel will, for the first time, offer online viewing rooms to replace the Hong Kong fair that was cancelled.
Buy ONGC, fair value Rs 90: Kotak Institutional Equities
The brokerage has reduced consolidated EPS estimates for ONGC to Rs 6.4 (-63 per cent) in FY2021 and Rs 12.1 (-39 per cent) in FY2022.
Buy Tata Communications, fair value Rs 425: Kotak Institutional Equities
The brokerage has baked in a 2.3 per cent year-on-year decline in EBITDA in FY2021E (sharper in USD terms) against expectations of a 7 per cent year-on-year growth earlier.
Buy United Spirits, fair value Rs 660: Kotak Institutional Equities
Even as demand environment remains challenging, raw material prices have stabilised and valuations have turned attractive, said Kotak.
Buy PVR, fair value Rs 1,800: Kotak Institutional Equities
The brokerage has cut FY2020-21E EBITDA estimates by 10-23 per cent factoring in a complete shutdown of about two months (base case).
Buy Cummins India, fair value Rs 520: Kotak Institutional Equities
Kotak sees scope of 12 per cent growth in revenues for Cummins India over the long term, with distribution business growing at a lower 10 per cent CAGR.
Buy Adani Ports and SEZ, fair value Rs 470: Kotak Institutional Equities
A large part of the underlying debt exposure related to current share pledges relates to promoter funding to listed businesses, said Kotak. These entities have started performing well on an aggregate basis.
Ahead of Ram Navmi, Yogi Adityanath appeals people to celebrate at home; avoid temple gatherings and fairs
The government has directed district magistrates and police authorities of all districts to hold talks with religious leaders and take their help in driving home this message of avoiding religious gatherings during the Chaitra Navratri that will take place from March 25 to April 2.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service