The stock was under pressure in the last six days on concerns about its exposure to the Vodafone group. Rating agency Moody’s recently downgraded the bank’s outlook to negative, owing to asset quality concerns particularly for the real-estate and telecom books. … [Read more...] about IndusInd Bank shares jump 4%; Macquarie remains positive on stock
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"Although there are hopes of factories resuming production, the 10 percent production cut by Hero MotoCorp shows the way things can turn in event of delay in recovery as Indian manufacturing industries will exhaust raw material inventory by middle of March," said Prabhudas Lilladher which expected a shortage of goods and a sharp increase in prices, which has the potential to impact the growth rates in Q1FY21. … [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 on international exchanges have been trending higher for past five sessions. The April contracts for COMEX gold that was stuck in a narrow range of $50 for the past few sessions managed to breach the psychological resistance of $1,600 per troy ounce to hit January 2020 high of $1,615.9 on February 20. Further, spot gold prices on February 20 jumped to March 2013 high of $1612.98 and are up nearly 6 percent year-to-date. … [Read more...] about Gold prices above $1600: Bull run may persist until some sign of containment of virus outbreak
"IRCTC provides a one-stop solution to its customers, which gives IRCTC an upper hand over rivals, especially in the travel and tourism segment. Further, it has decent financials, zero debt on books and a strong balance sheet," said Ajit Mishra, VP – Research, Religare Broking. … [Read more...] about IRCTC rallies 500% since listing; is the end of the road near?