StockMarket

Maze Ransomware attack to hit Cognizant revenue
Mumbai: IT services provider Cognizant revenue may be impacted by the Maze ransomware attack last week, the company said in a disclosure made to the US Securities and Exchange Commission.

“Although we are in the early stages of assessing this incident, the attack has caused and may continue to cause an interruption in parts of our business and may

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Trending stocks: SBI shares down over 1% in early session

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ESAF Small Finance Bank expresses commitment for listing
New Delhi: Kerala-based ESAF Small Finance Bank has expressed its commitment for going public by listing its stock in line with the RBI's requirement and the money raised will help support the country's economy hit hard by the COVID-19 pandemic.

Currently, promoters and promoter group together hold 77.94 per cent stake in the bank, which commenced

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Covid-19: Don't panic, IIT Hyderabad study tells MF investors
Hyderabad: A study on Mutual Funds by the Indian Institute of Technology-Hyderabad said investors need not panic as long as the net asset value (NAV) of their investment drastically does not fall during the present quarter.

Prof. Badri Narayan Ratha, faculty of the institution has analysed the impact of COVID-19 pandemic on the performance of the

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Trending stocks: IRCTC shares gain 5% in early trade
NEW DELHI: Shares of Indian Railway Catering - Tourism Corporation traded 4.47 per cent up in Monday 's trade at 09:53AM (IST). Around 40403 shares changed hands on the counter. The stock opened at Rs 1415.0 and touched an intraday high and low of Rs 1424.0 and Rs 1371.5 , respectively, in the session so far.

The stock quoted a 52-week high

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ACC Q4 earnings preview: Sales to shrink in double digits, margins to cushion profit
NEW DELHI: Cement maker ACC is expected to report a double-digit drop in sales, and lower single-digit fall in March quarter profit. Analysts said healthy cement prices during the quarter will restrict profits from falling much in the wake of production halt towards the fag-end of the quarter.

Emkay Global projects profit to fall 2.8 per cent

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Tech View: Nifty has resistance at 9,320-90; sell on rise, say analysts
NEW DELHI: Nifty50 on Monday could not hold on to a gap-up start, as the opening level later proved to be the intraday high, with the index ending up forming a small bearish candle on the daily chart.

Going ahead, it will be crucial to watch out for the 9,320-90 levels on the Nifty. On the downside, the 9,100-9,080 range could offer support in the

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Trending stocks: PC Jeweller stock price slumps 4%
NEW DELHI: Shares of PC Jeweller traded 4.04 per cent down in Monday 's trade at 09:45AM (IST). Around 18240 shares changed hands on the counter. The stock opened at Rs 12.0 and touched an intraday high and low of Rs 12.6 and Rs 12.0 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 163.5 and a 52-week low of Rs 7.8 .

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Infosys Q4 earnings preview: Focus is on commentary FY21 guidance
Infosys is expected to report tepid numbers for March quarter, with revenue and profit projected to grow in small percentages.

Analysts said the focus during Monday’s (April 20) earnings announcement will largely be on the guidance for next few quarters given the Covid dislocation.

Leading brokerages estimate revenue growth in the 6-10 per cent

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Exchanges to use encumbrance to shortlist securities for surveillance action
New Delhi: Leading stock exchanges BSE and NSE have decided to take into account all encumbrances to shortlist securities for surveillance action in respect of companies having high level of promoter pledge.

The decision was taken in a joint meeting of exchanges and markets regulator Sebi held on April 13.

It was decided to cover the potential

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Sensex edges 200 points higher as select factories open
Domestic equity indices rose in the opening trade on Monday as select factories and construction work are set to resume while news reports suggest that the government is giving final touches to an economic stimulus package.

Finance Minister Nirmala Sitharaman on Friday reiterated India will soon announce fresh relief measures and economic

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Six of top-10 firms add Rs 53,702 crore in m-cap; ICICI Bank leads
New Delhi: Six of the 10 most valued domestic companies together added Rs 53,702.27 crore in market valuation last week, with ICICI Bank and TCS emerging as the biggest gainers.

Reliance Industries Limited (RIL), HUL, Bharti Airtel and ITC were the other gainers from the top-10 list, while HDFC Bank, HDFC, Infosys and Kotak Mahindra Bank witnessed

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Share market update: PSU bank shares rise; UCO Bank surges 20%
NEW DELHI: Shares of PSU banks were trading with gains in Monday's session.

Shares of UCO Bank (up 20.0 per cent), Central Bank of India (up 20.0 per cent), J - K Bank (up 19.93 per cent), Indian Bank (up 16.29 per cent), Bank of Maharashtra (up 10.58 per cent), Indian Overseas Bank (up 10.34 per cent), Punjab - Sind Bank (up 9.6 per

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Trending stocks: InterGlobe Aviation share price slips 5%
NEW DELHI: Shares of InterGlobe Aviation traded 4.83 per cent down in Monday 's trade at 09:40AM (IST).

Around 17306 shares changed hands on the counter. The stock opened at Rs 1040.3 and touched an intraday high and low of Rs 1041.25 and Rs 1013.9 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 1898.85 and a 52-week

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The domestic supply market saw a gap-up begin to Friday's session in addition to increased the technical pullback, assisting the headline index to do with decent gains. Nonetheless, after opening on a stronger-than-expected note, the marketplace gave up a whole lot of the gains prior to rebounding in the second fifty percent to recuperate a few of the lost gains. That assisted Clever end on a.The domestic stock market saw a gap-up start to Friday's session and also expanded the technical pullback, helping the heading index to finish with excellent gains. Nevertheless, after opening on a stronger-than-expected note, the marketplace stopped a great deal of the gains before recoiling in the second half to recoup several of the shed gains. That helped Nifty upright a solid note, loading up 273 points, or 3.05 percent. Volatility in materials remained to cool down, as India Volatility Index, INDIA VIX, decreased 7.60 percent to 42.59. The market is most likely to see a warm start to Monday's session. The 9,300 as well as 9,345 degrees are prepared for to function as strong above resistance, while assistances will absolutely come in at 9,165 as well as additionally 9,890 degrees. Any drawback actions are likely to make the trading variety bigger than typical. The Relative Stamina Index (RSI) on the everyday chart stood at 50.34; it stays neutral as well as additionally does not expose any kind of type of aberration versus cost. The everyday MACD remains to be favorable as it trades over the signal line. The candles have actually seen the look of a Hanging Guy pattern. If this pattern turns up after some bounce, it could possibly stop the preceding uptrend. ET CONTRIBUTORSThis would certainly call for the confirmation on the following trading bar. Throughout Friday's session, Nifty developed a Rising Wedge pattern, which is not a preferable development in today scenario. This is a perhaps bearish pattern that starts large at the base and also agreements as prices relocate higher as well as additionally the trading array tightens. Usually, a Rising Wedge pattern occurs from bearishness rallies. Unlike Balanced Triangulars, which have no beneficial or bearish bias, a Climbing up Wedge absolutely slopes up as well as likewise can have a bearish prejudice. In the existing technical framework, additionally if the technical pullback continues, it would be wise to keep away from chasing after these up-moves. One must continue to safeguard profits on either side as well as likewise avoid taking any type of hefty directional connect with the upside. A careful strategy is motivated for the day. (Milan Vaishnav, CMT, MSTA, is a Consulting Technical Specialist and also proprietor of Gems Equity Study - Advisory Providers, Vadodara. He can be reached at This email address is being protected from spambots. You need JavaScript enabled to view it.)
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HDFC Bank shares may rally over 40% post Q4 results; should you buy?
Brokerages maintained ‘buy’ calls on HDFC Bank after the private lender on Saturday posted a 17.7 per cent year-on-year (YoY) rise in March quarter profit at Rs 6,927.70 crore on healthy interest income.

Net interest income – the key gauge of profitability, which is interest earned minus interest expended – rose to Rs 15,204.10 crore in March qua

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Buy Exide Industries, target price Rs 189: Emkay Global
Emkay Global has retained buy rating on Exide Industries with a target price of Rs 189 (Rs 248 earlier), based on 15 times FY22E EPS (18 times earlier). The value of the insurance business is at Rs 28/share.

Valuations have notably corrected, with FY21E core P/E at 12 times, vs. the historical average of 22 times. The company has been improving

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Trading in Times of Lockdown: Why this Dalal Street veteran sees no urgency to invest in this market
A defensive investor can always prosper by looking patiently and calmly through the wreckage of a bear market. – Benjamin Graham

Chennai-based investor Shyam Sekhar seems to be living by this decree of the Father of Value Investing in these trying times.

As domestic stocks perished in the tsunami of selloff after Covid-19 outbreak and the resultant

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Trending stocks: Muthoot Finance stock price gains 4%
NEW DELHI: Shares of Muthoot Finance traded 3.9 per cent up in Monday 's trade at 10:17AM (IST). Around 334152 shares changed hands on the counter. The stock opened at Rs 715.0 and touched an intraday high and low of Rs 740.45 and Rs 704.25 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 950.0 and a 52-week low of Rs

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Trending stocks: Infosys shares up over 3% in early trade
NEW DELHI: Shares of Infosys traded 3.59 per cent up in Monday 's trade at 09:32AM (IST).

Around 61510 shares changed hands on the counter. The stock opened at Rs 640.0 and touched an intraday high and low of Rs 654.5 and Rs 639.3 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 847.0 and a 52-week low of Rs 518.85 .

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FPIs pull out Rs 12,650 crore in April amid Covid-19 turbulence
New Delhi: Foreign portfolio investors (FPIs) have withdrawn a net Rs 12,650 crore from the Indian capital markets in April so far amid the coronavirus crisis.

Between April 1 to 17, FPIs pulled out a net sum of Rs 3,808 crore from equities and Rs 8,842 crore from the debt segment, the depositories data showed.

The total net outflow stood at Rs

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Trending stocks: TCS share price rises 1% in early session
NEW DELHI: Shares of Tata Consultancy Services traded 0.83 per cent up in Monday 's trade at 10:11AM (IST).

Around 30310 shares changed hands on the counter. The stock opened at Rs 1827.0 and touched an intraday high and low of Rs 1829.0 and Rs 1803.0 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 2296.2 and a

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Buy Escorts, target price Rs 815: Emkay Global
Emkay Global has retained buy on Escorts Ltd, with a target price of Rs 815 (Rs 954 earlier), based on 14 times FY22E EPS (unchanged). The brokerage has reduced the EPS estimates of the company by 18%/15% for FY21E/F22E to factor in near-term volume pressures.

ESC is a play on the tractor segment, which is expected to recover sooner than others,

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Tweet Buster: Shankar Sharma-s -lsquo;reverse compounders-, Kedia-s -lsquo;hot pan- Sabharwal-s -lsquo;value trap- alert
NEW DELHI: Benchmark equity indices ended in the green for the second week straight, led by optimism of phased reopening of a few economies, possible drug candidate for the coronavirus and RBI’s liquidity booster at home. There are also hopes that the Modi government may soon come out with another stimulus package for the distressed industries.

As

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Trending stocks: Tata Motors share price jumps 7%
NEW DELHI: Shares of Tata Motors traded 6.77 per cent up in Monday 's trade at 10:04AM (IST).

Around 3074268 shares changed hands on the counter. The stock opened at Rs 77.0 and touched an intraday high and low of Rs 83.35 and Rs 75.45 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 239.35 and a 52-week low of Rs

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Private equity faces a big blow as many bets could unravel
Mumbai: Many investors could fall back on ‘excuse provisions’ to opt out of their commitments to Indian assets, likely hurting both private equity inflows and exits after New Delhi made its prior approval mandatory for any direct or indirect Chinese investments, experts and industry officials said.

Limited partners, or LPs that are investors in a

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Earnings, govt stimulus, Covid-19 news among top 10 factors that will drive D-Street next week
After logging gains for two consecutive weeks on global cues and government stimulus hopes, the domestic equity market is going to have a reality check in the coming week as the earnings season is going to gather pace. This, along with developments on the coronavirus front, will be among the key factors guiding investors in the week ahead.

Coronavi

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Buy Bharat Forge, target price Rs 348: Emkay Global
Emkay Global has retained its buy rating on Bharat Forge with a target price Rs 348 (Rs 550 earlier), based on 20 times FY22E EPS (25 times earlier) for standalone business and 10 times FY22 EPS (12 times earlier) for subsidiaries. Valuations have notably corrected, with FY21E P/B at 2 timses, versus historical average of 4 times.

Recovery can be

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Asia shares turn quietly cautious, US crude crushed
SYDNEY: Caution gripped Asian share markets on Monday on expectations a busy week of corporate earnings reports and economic data will drive home the damage done by the global virus lockdown, while a glut of supply sent US crude spiralling to 20-year lows.

Japan reported its exports fell almost 12% in March from a year earlier, with shipments to

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Suzlon board okays various tools to restructure outstanding debt, bonds dues
NEW DELHI: Suzlon Energy on Saturday said its board has approved various proposals to facilitate debt and bond restructuring.

Recently, the company got approval from lenders as well as bondholders to restructure outstanding debt and bonds dues.

A company official said the company's outstanding debt is close to Rs 12,500 crore, while due bonds are

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