In a report on February 18, Macquarie said: "Even if entire Vodafone exposure to the bank is written off and say 50 percent of Gems and Jewellery book and 50 percent of real-estate book are written off, the total impact on net-worth is Rs 8,000 crore (adjusted for tax) or 15 percent of FY22E net-worth. This implies an adjusted P/BV of 1.8 times which we believe is still reasonable." … [Read more...] about IndusInd Bank shares jump 4%; Macquarie remains positive on stock
Four p s of marketing
"Direction of earnings revision for the broader markets still remains downward, with 66 companies in MOFSL Universe witnessing an earnings cut of 3 percent plus and 42 witnessing upgrades of 3 percent plus for FY21. Given the weak underlying macro and mixed high frequency indicators, there are downside risks to our earnings estimates," Motilal Oswal said. … [Read more...] about Q3 earnings show weak topline performance; brokerages pick these 14 midcap ideas
"The recent move in the benchmark index shows indecision among the participants and it will only subside with clarity over coronavirus. Meanwhile, volatile swings would continue across the board thus we advise focusing more on stock selection and risk management," he added.Exclusive offer: Use code "BUDGET2020" and get Moneycontrol Pro's Subscription for as little as Rs 333/- for the first year. … [Read more...] about BSE, NSE shut today on account of Mahashivratri
Gold prices have further sought support from a surge in investor interest as is evident from rise in gold ETF holdings. Gold holdings with SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, have jumped to 931.6 tonnes as on February 19, its highest since November 2016. … [Read more...] about Gold prices above $1600: Bull run may persist until some sign of containment of virus outbreak
"IRCTC is the only company authorised by Indian Railways to manufacture and sell packaged drinking water on railway stations and inside trains. The ‘Rail Neer’ packaged drinking water business provides a lot of revenue visibility. With more plants being set up, this segment will certainly drive the company’s topline," said Nirali Shah, Senior Research Analyst, Samco Securities. … [Read more...] about IRCTC rallies 500% since listing; is the end of the road near?