Brokerages cut Kotak Bank’s earnings estimates as Q3 results disappoint
Nomura termed the bank’s third quarter performance as disappointing.
India attractive in itself, not just as alternative to China: PAG Boss
In India, the focus will be on export-dependent sectors like pharma an...
What consumption slowdown? Look at Reliance's retail show
RIL’s retail stores reported a 26 per cent year-on-year growth in footfalls at 176 ...
Kotak Standard Multicap Fund: Fund Review
Among multi-cap schemes, Kotak Standard Mulitcap is a stable performer in longer duration cycles of markets. The scheme’s fund manager Harsha Upadhyaya has been careful in the construction of the portfolio.
S&P 500, Nasdaq hit record on IBM, waning China virus fears
Technology stocks, which have played a main role in Wall Street's recent record run, rose 0.8%.
Domestic cyclicals and investment-oriented cos to drive growth in FY21: Pankaj Murarka
FY20 is going to be one of the weakest in the last 15 years in terms of consumer growth.
Maybank Kim Eng Securities maintains buy on Sterlite Technologies, target price Rs 190
Though the brokerage cut its FY20-22 estimated EPS by 4-14%, the stock is trading at an attractive valuation of 8.3 times FY21 estimated earnings.
Analyst Calls: Ramco Cements, L&T Finance, HCL Tech, TCS
UBS has initiated coverage of L&T Finance with a buy rating and set a price target of Rs 165.
Mutual fund houses are busy lining up index funds. Should you invest?
AMCs like Nippon, ICICI Prudential, UTI, L&T, JM and IDFC are in queue to launch passive schemes ranging from bank ETFs and IT ETFs to mid and small cap index funds.
6 of top-10 most valued firms add Rs 62,773 crore in market cap; HUL, RIL show the way
HUL's valuation zoomed by Rs 22,827.94 crore to Rs 4,45,778.10 crore, topping the gainers' chart.
Mastercard swipes right on Pine Labs
Pine Labs reported total revenue of Rs 503.2 crore in FY19, up from Rs 336.1 crore in the previous fiscal. Losses widened to Rs 13.7 crore in the 12 months ended March 2019 from Rs 2.5 crore in the previous financial year, according to paper.vc.
Cairn India hunts for big oil partner via stake sale
Cairn is the country’s largest private sector oil and gas producer accounting for nearly a quarter of India’s total domestic crude oil production and Vedanta may look to dilute up to 25% to raise a minimum of $1.5-2 billion (Rs 10,500-14,100) through this “value unlocking” exercise.
Analyst Calls: JSPL, Cyient, GAIL, Federal Bank
Motilal Oswal has maintained buy rating on Jindal Steel & Power with a target price of Rs 210.
Mutual funds with Vodafone Idea papers mark down NAVs
The company has a total debt of close to Rs 98,000 crore as of September 2019.
What made stocks reverse rally on Monday?
BSE Smallcap index fell just 0.39% on Monday, even as benchmark Sensex was down 1%.
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