StockMarket

By Abhishek VishnoiWhen it comes to the Indian stock market, analysts are not following investors’ exuberance.

A booming economy and encouraging corporate results have sent the benchmark S-P BSE Sensex racing past 22 record highs this year. While gains have accelerated in the past six weeks, analysts have failed to keep up, and the average

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Buy NTPC, target Rs 203: Citi
Citi has a buy call on NTPC with a target price of Rs 203.

The current market price of NTPC is Rs 158.90.

Time period given by the brokerage is one year when NTPC price can reach the defined target.

FY18 annual analyst meet takeaways by Citi:1QFY19 results — 1QFY19 recurring PAT at Rs25.5bn, +15 per cent YoY, was 3 per cent below Citi at Rs26.3bn

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Motherson Sumi Q1 net grows 59% to Rs 443 crore
NEW DELHI: Auto component maker Motherson Sumi on Tuesday reported a 59 per cent YoY growth in net profit at Rs 443.07 crore for the June quarter.

The company had logged Rs 277.99 crore profit for the same quarter last fiscal.

Total revenue from operations stood at Rs 14,775.46 crore in April-June against Rs 13,305.41 crore in the year-ago

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Share market update: These stocks surge over 7% in a weak market
NEW DELHI: Shares of Vakrangee (up 6.95 per cent), Nectar Lifesciences (up 6.59 per cent) and Intellect Design Arena (up 5.74 per cent) surged up to 7 per cent on NSE in Wednesday's session in an otherwise weak market.

Satin Creditcare Network (up 5.49 per cent), KRBL (up 5.44 per cent), Inox Leisure (up 5.40 per cent) and Igarashi Motors (up 5.09

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TVS Motor Q1 net up 13% at Rs 147 crore
NEW DELHI: TVS Motor Company today posted 13.2 per cent increase in profit after tax (PAT) at Rs 146.6 crore for the June quarter, riding on the back of robust sales across verticals. The company had reported a PAT of Rs 129.5 crore for April-June, 2017-18.

Total revenue grew to Rs 4,171 crore in the first quarter of 2018-19 as compared with Rs

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NEW DELHI: Mahindra - Mahindra (M-M) on Tuesday reported 67 per cent YoY rise in profit at Rs 1,257 crore for June quarter, beating Rs 1,172 crore PAT projected by analysts in an ETNow poll.

The company had reported Rs 752 crore profit in the year ago quarter. The results included Mahindra Vehicle Manufacturers Limited (MVML) numbers.

Tota

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Cohn says banks were more responsible in &08 than Facebook is now
Gary Cohn, Donald Trump’s former chief economic advisor and the president and chief executive officer of Goldman Sachs during the 2007-08 financial crisis, has some harsh words for Facebook and other social media companies.

The social network, Bloomberg reports Cohn said at an event on Saturday, is even less of a responsible citizen than the big

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Share market update: HDIL, DLF keep realty pack down
NEW DELHI: Losses in Housing Development - Infrastructure (HDIL) (down 3.35 per cent), DLF (down 1.72 per cent), Unitech (down 1.22 per cent) and Oberoi Realty (down 1.07 per cent) were weighing on the realty pack in Tuesday's trading session.

The Nifty Realty index was trading 0.56 per cent down at 267 around 02:55 pm.

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Mahindra Mahindra Q1 results today; what to look for
NEW DELHI: Mahindra - Mahindra (M-M) is expected to report a 50 per cent plus growth in June quarter earnings on Tuesday.

Outlook on utility vehicle (UV) and tractor businesses for FY19 and other segments like two-wheelers, commercial vehicles and Ssangyong will be keenly monitored. Eyes would also be on any update on new launches and

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Stock market update: These stocks crack over 5% in a lacklustre market
NEW DELHI: Shares of Mirza International (down 7.28 per cent), Caplin Point Laboratories (down 5.97 per cent) and Trident (down 5.37 per cent) cracked over 5 per cent on NSE in morning trade on Wednesday in a lacklustre trade.

Stocks such as Optiemus Infracom (down 4.99 per cent), Butterfly Gandhimathi Appliances (down 4.99 per cent), Manpasand

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Stock market update: Pharma stocks in pain; Divi's Labs cracks 3%
NEW DELHI: Most pharma stocks, including Divi's Laboratories (down 3.13 per cent), Glenmark Pharmaceuticals (down 2.04 per cent) and Cadila Healthcare (down 1.50 per cent), were trading with losses in afternoon trade on Tuesday.

The Nifty Pharma index was trading 0.42 per cent down at 9,369 around 02:50 pm.

Cipla (down 1.46 per cent), Sun

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Top intraday trading ideas for afternoon trade for Tuesday, 7 August 2018
NEW DELHI: Equity benchmarks Sensex and Nifty50 were in negative terrain around 11:25 am on Tuesday on losses in heavyweights, including Reliance Industries, Adani Ports, State Bank of India, Axis Bank and ICICI Bank.

ETMarkets.com collated a list of trading ideas from various experts and here's what they had recommended for today’s afternoon t

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Why Warren Buffettcash should worry investors
As merger and acquisition (M-A) activity has roared, Warren Buffett and his investing colleagues at Berkshire Hathaway have stayed on the sidelines.

That means they missed out on an M-A bonanza that saw a recordbreaking $2 trillion in deals through mid-May. But it also means Berkshire Hathaway has set a record of its own: It now has the

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China's shares bounce after 4 day rout, infrastructure leads gains
SHANGHAI: Shares in China rebounded on Tuesday following a heavy four-day selloff, as investors picked up battered stocks while infrastructure firms were bolstered by expectations of increased spending on public works projects.

The Shanghai Composite index jumped 74.14 points, or 2.7 per cent, at 2,705.16.

That was its biggest daily gain in per

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Bond purchase plan lifts RCom by 3%
NEW DELHI: Reliance Communications (RCom) moved up 3 per cent on Tuesday after the Anil Ambani-controlled company decided to buy back its overseas bonds in a bid to retire high cost debt.

The debt-ridden company said it has offered to purchase back its offshore bonds worth of $300 million, which offered 6.5 per cent with 2020 maturity, ET

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Buzzing stocks: Adani Power, PNB, Hindalco, Bajaj Finance
NEW DELHI: Adani Power, with over 1.61 crore shares changing hands, was leading the pack of most traded stocks on NSE in morning trade on Wednesday.

Punjab National Bank (PNB) (1.41 crore) and Reliance Communications (1.18 crore) were up next.

Vakrangee (1.16 crore), Hindalco Industries (0.75 crore), Adani Enterprises (0.68 crore), Alok Industries

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Share market update: FMCG stocks sag; Britannia falls 2%
NEW DELHI: Most FMCG stocks were trading in the negative territory in afternoon trade on Tuesday.

The Nifty FMCG index was trading 0.23 per cent down at 31,151 around 02:40 pm.

Britannia Industries (down 2.01 per cent), United Spirits (down 1.31 per cent), Tata Global Beverages (down 0.63 per cent) and Godrej Consumer Products (down 0.62 per

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Only two people know how to time the market: God a liar
By Vijay Kedia

Timing is not important in stockmarket, if you are a long-term investor. Investing is somewhat like cricket, where you change your game plan as per the format.

For instance, in a Test match – which used to be an entire five-day affair earlier, but has become a little quicker nowadays – it is more important to stay put on the pitch ra

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Buy Jindal Steel Power, target Rs 235: Manas Jaiswal
Manas Jaiswal of manasjaiswal.com has buy call on Jindal Steel - Power Ltd. with a target price of Rs 235. The current market price of Jindal Steel - Power Ltd. is Rs 217.7 Time period given by the analyst is Intra Day when Jindal Steel - Power Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stoploss at Rs
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Stock market update: Power stocks mixed; NTPC rises, but Adani Power plunges over 9%
NEW DELHI: Power stocks were trading mixed in afternoon trade on Tuesday, consequently, keeping the power index flat.

The BSE Power index was trading flat at 1,996 around 02:30 pm.

Shares of NTPC (up 1.66 per cent), NHPC (up 1.45 per cent), Adani Transmission (up 0.94 per cent), Siemens (up 0.53 per cent), CESC (up 0.38 per cent) and Power Grid

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Gadkari on jobs: Time for damage control
Union Minister Nitin Gadkari’s self-goal on the lack of enough employment opportunities has revived the debate over the jobless growth in India.

The government has slipped into a damage control mode after Gadkari’s foot-in-mouth comment on Sunday that there are hardly any new jobs in the market, let alone reservation for the Marathas.

The

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Sensex, Nifty trade flat; Inox Leisure, PVR gain up to 6%
NEW DELHI: Headline indices Sensex and Nifty kicked-off Wednesday's session on a firm note amid positive global cues.

However, minutes later, the indices pared gains and were trading flat. At 09:20 am, the S-P BSE Sensex was trading 20.65 points higher at 37,693.55. Coal India (up 1 per cent) was the top index gainer and Infosys (down nearly

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Family firms up stake over last decade in India: Research
Promoters of family firms have increased their stake in their NSE and BSE listed companies over the last decade, findings of a research study released here today revealed.

Indian School of Business (ISB)'s Thomas Schmidheiny Centre for Family Enterprise conducted the research study "Family Businesses: Promoters' Skin in the Game 2001-2017," which

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Indiabulls Housing raises rates by 20 bps
Indiabulls Housing Finance Ltd.: Indiabulls Housing raises rates by 20 bps - The TheIndianSubcontinent

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Neutral Pidilite Industries, target Rs 1,216: Citi
Citi has a neutral view on Pidilite Industries with a target price of Rs 1,216.

The current market price of Pidilite Industries is Rs 1,104.75.

Time period given by the brokerage is one year when Pidilite Industries price can reach the defined target.

Citi's view on the company: Citi's Take — Pidilite reported broadly in-line 1QFY19 results. 1

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Share market update: Capital goods stocks on a sticky wicket; HEG, Graphite India plunge
NEW DELHI: A majority of capital goods stocks were suffering losses in afternoon trade on Tuesday.

The BSE Capital Goods was trading 0.20 per cent down at 18,284 around 02:25 pm.

HEG (down 6.12 per cent), Graphite India (down 5 per cent), BEML (down 4 per cent) and CG Power and Industrial Solutions (down 3.57 per cent) were the top losers in the

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Bids invited from ARCs to sell Bombay Rayon loans
The State Bank of India has invited bids from asset reconstruction companies to offload a loan of Rs 2,200 crore given to Bombay Rayon Fashions after the apparel maker defaulted on repayments. The state-run bank, the largest lender in the country, has kept a reserve price of Rs 900 crore, about 40 per cent of the total loan.

Banks have an exposure

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Buy Gateway Distriparks, target Rs 298: Citi
Citi has a buy call on Gateway Distriparks with a target price of Rs 298.

The current market price of Gateway Distriparks is Rs 177.95.

Time period given by the brokerage is one year when Gateway Distriparks price can reach the defined target.

Investment rationale by Citi:Citi's Take — Gateway Distriparks Ltd (GDL) reported healthy rail volume g

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Stock market update: VIP Industries, Titan boost consumer durables index
NEW DELHI: Gains in VIP Industries (up 4.99 per cent), Titan Company (up 2.39 per cent), Rajesh Exports (up 1.43 per cent) and Crompton Greaves Consumer Electricals (up 0.29 per cent) boosted consumer durables index in afternoon trade on Tuesday in an otherwise weak market.

The BSE Consumer Durables index was trading 1.12 per cent up at 21,669

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Stock market update: Private bank stocks mixed; YES Bank, HDFC Bank up with small gains
NEW DELHI: Private bank stocks were trading mixed in Tuesday's trading session, consequently, keeping the sectoral index almost flat.

The Nifty Private Bank was trading nearly flat at 15,739 around 10:40 am.

Shares of YES Bank (up 0.53 per cent), HDFC Bank (up 0.36 per cent), RBL Bank (up 0.26 per cent), IDFC Bank (up 0.24 per cent) and ICICI

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