Stocks

Kotak cut FY2020-22E forecasts to factor in coronavirus impact, lower crude prices and weaker macros. The stock has corrected 35 percent in the past month notwithstanding significant RM tailwinds and it is trading at 24 times FY2022E PE, implying 40 percent valuation discount to APNT versus 15-20 percent historically. … [Read more...] about Coronavirus pain may linger; 10 stocks you can consider for your portfolio

Hinduja group flagship firm Ashok Leyland reported a 90 percent decline in vehicle sales at 2,179 units. The company sold 21,535 units in the same month last year, Ashok Leyland said in a regulatory filing. Shares of the company closed 4.53 percent lower. … [Read more...] about Auto stocks slip on weak March sales; Escorts, Maruti, Ashok Leyland worst hit

From April 1, 2020, India moved into a new regime on foreign limits whereby the FPI limit has been increased to the sector foreign limit. Over the next few months, Morgan Stanley expects MSCI to rebalance MSCI India weights to reflect this change. … [Read more...] about MSCI re balancing: Morgan Stanley says 26 stocks to benefit from the rejig

"The India pharma market growth continues on expected lines – high single-digit. In the US, we could see marginal benefit coming from dollar appreciation and a potential increase in the stocking at the wholesaler level which should be offset by currency depreciation in emerging markets due to declining crude prices." … [Read more...] about D-Street Buzz: Pharma stocks shine; Cadila, Laurus Labs, Biocon shares jump up to 15%

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.Time to show-off your poker skills and win Rs.25 lakhs with no investment. Register Now! … [Read more...] about D-Street Buzz: Banking stocks plunge; shares of RBL Bank, IndusInd Bank, ICICI Bank crack up to 15%