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
Redcentric share price news
Gold prices above $1600: Bull run may persist until some sign of containment of virus outbreak
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
After a 435% return in 5 yrs, has APL Apollo Tubes run out of steam?
The decline in the debt-equity ratio will be led by improved performance and the absence of major capacity expansion in the near term, said Elara. This will deleverage the balance sheet and will help in generating free cash flow of Rs 320 crore over FY20-21E, it added. … [Read more...] about After a 435% return in 5 yrs, has APL Apollo Tubes run out of steam?
IRCTC rallies 500% since listing; is the end of the road near?
"The stock price doesn’t fully justify the fundamentals of the company. As it is only from September 2019 that Indian Railways decided to restore service charges by levying a service charge of Rs 15 per Non-AC ticket and Rs 30 for AC tickets, which were withdrawn three years ago. This added to the exorbitant growth in the top line of the company this quarter. Now with this high base, it would be difficult to meet up the current growth rate in the following quarters. Hence, a correction is expected in IRCTC going ahead," Shah 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 IRCTC rallies 500% since listing; is the end of the road near?
Titan investors lose 17k cr in four sessions as three global brokerages downgrade stock
The scrip is currently trading at a two-month low and has been on a losing streak for past four sessions. In these four sessions, the market capitalisation of Titan has fallen about Rs 17,005 crore, falling from Rs 1.14 lakh crore on July 4 to Rs 97,576 crore on July 9. … [Read more...] about Titan investors lose 17k cr in four sessions as three global brokerages downgrade stock
