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
Oil prices marketwatch
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
"We expect ROE to expand to 24.1 percent and RoCE to grow to 26.8 percent over FY19-21E. Meanwhile, revenue CAGR and EPS CAGR will be 21 percent and 49 percent, respectively, led by improved efficiency, better product portfolio and likely reduction in the net debt-equity ratio to 0.4x in FY21E from 0.8x in FY19," said Elara Capital in a report. … [Read more...] about After a 435% return in 5 yrs, has APL Apollo Tubes run out of steam?
"Institutional holding rose 200 bps to 7.1 percent from listing till December 31, 2019, and the categorisation of the company as midcap based on half-year ended Dec 2019 could attract some more buying from mutual funds," said Deepak Jasani- Head, Retail Research, HDFC Securities Ltd. … [Read more...] about IRCTC rallies 500% since listing; is the end of the road near?
Reliance Securities re-iterated hold rating on the stock with a revised target price of Rs 1,221. "The current economic slowdown is likely to impact the quarterly run-rates however Titan is likely to return the higher growth path once the consumer spending picks up in the economy. Hence, we continue to value Titan at 50x based on FY21E EPS and re-iterate hold rating," said Reliance. … [Read more...] about Titan investors lose 17k cr in four sessions as three global brokerages downgrade stock