The share price of Coal India gained over a percent in early trade on November 13 after the company posted a 14 percent rise in consolidated net profit at Rs 3,522.7 crore for the quarter ended September.Its net profit stood at Rs 3,084.54 crore in the year-ago period, the company said in a regulatory filing.Coal India's total income, however, declined to Rs 22,012.94 crore in the July-September quarter of the financial year 2019-20 from Rs 23,486.35 crore in the corresponding period of previous fiscal.Close Global research firm Citi has maintained a buy rating and has raised the target to Rs 270 from Rs 250 per share. However, it is of the view that volume weakness could persist for a few months. The firm believes that at 7x one-year-forward PE, risk-reward is favourable. It has raise FY21/22 PAT estimates on lower tax. related news Lupin share price gains 3% on divestment of entire stake in Japanese arm Britannia share price jumps 5% on robust Q2 results; Citi maintains … [Read more...] about Coal India share price gains on Q2 results; Citi sees favourable risk-reward ratio
HDFC Mutual Fund believes geopolitical tensions, particularly emanating from the Far East and elsewhere in the world, continue to remain key risks to this market rally.In an interview with Himadri Buch of Moneycontrol, Vinay R. Kulkarni - Senior Fund Manager - Equities at HDFC Asset Management Co Ltd talked about their strategy in scheme and sectors they are bullish on. Edited excerpts:The rally on D-Street is powered by liquidity and this time it is from domestic investors and stable global markets. But, fundamentals tell a different story. Macro data remain mixed while earnings have not picked up. Is that a concern for markets going forward?Close GDP growth has indeed slowed down in last few quarters. However, this is, in all probability driven by demonetisation and GST, two very significant reforms that have caused temporary disruption in the normal functioning of the economy. However, as things normalise, growth rates are likely to recover over the next … [Read more...] about HDFC MF’s Kulkarni says geopolitical tensions key risk to market rally
The Sensex has been zooming—it was at a near-record high of 40,749 on November 8—but the Midcap index is still 20 percent low from its best performance of 18,321 on January 9, 2018.But midcap is where the action is, say experts. In October 2019, the Nifty Midcap-100 was up 4.9 percent, compared to the Nifty’s rise of 3.5 percent. The Nifty Midcap100 P/E ratio has corrected from 19.8x in Oct’18 to 17.9x currently.Midcaps now trade at 5 percent discount to largecaps, says experts and select stocks could well turn out to be wealth creators in the next five years.Close “In valuation terms, the broader market excluding Nifty (stocks) is more attractive than the Nifty universe. In any recovery of the financial cycle, while major large caps lead the rally, it is the better valued mid and smallcaps that give higher returns in the longer time horizon,” Rahul Jain, Head, Edelweiss Personal Wealth Advisory told Moneycontrol. related news What changed … [Read more...] about Do you have risk appetite? These 11 midcaps can potentially double by 2024
While there is no single known cause for autism, environmental factors have long been thought to contribute to the disorder. Now there is more definitive answers: Mothers who lived in areas with lots of air pollution while they were pregnant may have children who are at increased risk of developing autism. advertisement advertisement The U.S-wide study, from the Harvard School of Public Health (HSPH) and published in Environmental Health Perspectives, found that expecting mothers exposed to high levels of fine particulate matter (PM 2.5, or any type of air pollution that’s 2.5 microns in size or smaller) during the third trimester of pregnancy have up to twice the risk of giving birth to an autistic child. The more pollution that the mother is exposed to, the higher the risk of autism. There have been other studies linking air pollution to autism; in fact, HSPH previously conducted a study looking at a series of hazardous air pollutants and their relation to autism. … [Read more...] about Pregnant Women Exposed To Air Pollution Have Up To Double The Risk Of Having An Autistic Child
Reports of ceasefire violations (CFVs) between India and Pakistan on the Line of Control (LoC) over the past week have indicated that tension is still simmering between the two countries.While CFVs are, according to experts, quite common on the International Border (IB) and the LoC, this time around, major clashes have been reported with civilian casualties on both the sides.This has prompted concerns regarding a possible escalation on the ground, and observers have stated that a miscalculation in such a scenario on any country's part could quickly spiral.Close A brief history of agreements related news Jet Privilege goes for brand revamp; to be known as 'InterMiles' PM Modi emplanes for New Delhi after wrapping up 'very productive' BRICS Summit Gold worth Rs 52 lakh seized from passenger at Bhubaneshwar airport Representatives of both countries met in 1949 in Karachi to decide upon a ceasefire line, as agreed by both countries, in Jammu and Kashmir (J&K).In a … [Read more...] about Ceasefire violations on LoC: What they mean and do they risk escalation?