Shares of Page Industries traded lower on November 19 after Macquarie remained bearish on the stock on weak margin performance.The stock was quoting at Rs 23,380.00, down Rs 79.95, or 0.34 percent, on the BSE at 1003 hours IST.The stock has gained 28 percent in the last three months but corrected 12 percent in one year period.Close Macquarie has maintained its underperform rating on the stock, though it raised the target price by 24 percent to Rs 19,852 from Rs 16,000, implying 15.4 percent potential downside from current levels. related news Future Retail share price declines 2% after Morgan Stanley cuts price target IndiGo operator share price falls after decline in market share SpiceJet share price jumps 5% after co's market share increases "The strong recovery in sales growth is positive, but sustaining this will be key. The Q2 was driven by early festivals & higher retail incentives, but there was margin pressure on higher retail incentives & inflation … [Read more...] about Page Industries share price declines as Macquarie remains bearish
Parrots remains rubys fall sea of thieves
In the state of Michigan, it is illegal to paint a sparrow with the intention of selling it as a parakeet. Which means, unfortunately, that if you are skilled enough to catch a white-and-brown sparrow, hold it still for long enough to paint it green, blue and yellow, then pawn it off on to some poor schmuck as a parakeet, your deceitful artistry would be considered a criminal act. In some states, you would be tried as a con artist; in Michigan, crafty birder, there is a law just for you. advertisement I Fought The Law, which warns readers in the introduction to take its proclamations with a grain of salt. An offshoot of Locher’s 2013 photo series of the same name, the book’s colorful and satirical images illustrate “America’s most unusual laws.” Some remain on the statute books, while others have since been removed, or were merely myths to begin with. All of them make supremely fun and surreal photographs in Locher’s hands. … [Read more...] about 10 Absurdist Photographs Depicting “America’s Most Unusual Laws”
Gaurav GargAfter the announcement of Q2 FY20 results, most of the OMCs announced below estimate bottomline along with muted revenues. Factors that impacted performance were low demand, lower diesel to petrol price parity and struggling auto sector. Let’s look at these in detail to get a perspective.Crude oil prices surged briefly after explosive drones cut Saudi Arabia’s oil production by half, but it remained in lower range for most part of the quarter. In Q2, Brent Crude prices traded in the range of $57-$70 a barrel. Brent Crude closed at $62.22 on November 11th, 2019. Lower crude prices generally mean, higher GRMs and in turn higher profitability for OMCs.Close Indian economy grew at its slowest pace in more than four years in the March quarter and the risk of a wider fiscal deficit threatens government spending as private investment falls, leaving the outlook for infrastructure and construction activities to be uncertain over the near to medium term. related news … [Read more...] about Why OMC’s Q2 results failed to meet street’s expectations?
Ajit MishraMarkets oscillated in a range and settled almost flat, in continuation to the prevailing consolidation phase for the week ended November 15.Weak local cues combined with not so encouraging global markets kept the volatility high across the board last week.Close However, resilience in the banking space, which holds considerable weight in the index, helped the benchmark sustain at higher levels while other sectoral indices witnessed a mixed trend.Ajit MishraVP & Senior Technical Analyst, Equity Research|Religare Broking Hot Stocks: Stay tight as Nifty50 likely to touch new highs in weeks to comeBuoyancy in NiftyBank index could push Nifty50 to test new high in coming week'Post record high on Sensex, market likely to consolidate in coming week'There’s no major data lined up on the domestic front this week and markets will continue to dance to the global tunes.On the global front, investors would keep an eye on the progress of the US-China trade deal, which is … [Read more...] about A breakout from ‘Cup and Handle’ pattern makes Ramco Cement a top buy
Positive global sentiment extended to the Indian market as the equity barometers Sensex and Nifty ended with decent gains on November 19.Global markets touched their highest levels in nearly two years as risk appetite of investors was whetted on hopes that the United States and China can reach a deal to end their trade war.Sensex settled 186 points, or 0.46 percent, up at 40,469.70, while Nifty finished with a gain of 56 points, or 0.47 percent, at 11,940.10.Close The market benchmark Sensex closed in positive on gains in shares of select heavyweights, including Reliance Industries, Bharti Airtel, Axis Bank and HDFC Bank as only 11 stocks closed in the green in the 30-share pack. related news Technical View: Nifty forms bullish candle, but still in range; 11,973 crucial for major upside Buy, sell or hold? Telecom stocks ringing loud Among the 50 stocks in the Nifty index, 24 logged gains.Gains in telecom, pharma, energy and infra stocks pushed the market higher while losses … [Read more...] about Taking Stock: Market rides positive global sentiment; Bharti Airtel, RIL top gainers