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Buy Tata Consultancy Services, price target Rs 2,260: Kunal Bothra

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Share market update: Banking index trades lower; YES Bank gains 6%
NEW DELHI: Banking index was trading with losses on Thursday as inflation continued to rise in January and December factory output was lower than expected.

RBL Bank Ltd. (down 1.76 per cent), Kotak Mahindra Bank Ltd. (down 1.48 per cent), IndusInd Bank Ltd. (down 1.16 per cent), Axis Bank Ltd. (down 1.09 per cent), ICICI Bank Ltd. (down 1.06 per

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IRCTC Q3 results: Profit nearly triples to Rs 206 crore; firm announces Rs 10 dividend

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Yes Securities maintains ‘buy& on Ashok Leyland, target price Rs 100
Yes Securities has maintained its ‘buy’ rating on Ashok Leyland in the long term with a target price of Rs 100. Shares of Ashok Leyland ended at Rs 81.55 on Thursday while the BSE sensex closed 106.11 points down (-0.26%) at 41,459.79.

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For the quarter ended 31-12-2019, the company has reported a Consolidated sales of Rs 5148.15

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Novelis props up Hindalco, but domestic biz key for stock rally
Hindalco reported a 24 per cent decline in its consolidated net profit in the third quarter ending December 2019, but a better-than-expected performance by aluminium converter Novelis cushioned the fall at Aditya Birla Group’s flagship metals business that now generates two-thirds of its sales and profits beyond home.

Hindalco reported a

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YES Bank gets EoIs from JC Flowers, Silver Point; delays Q3 results to March 14
Private lender YES Bank, which is engaged in fundraising exercise, on Wednesday said it has received non-binding expressions of interest (EOI) from investors including JC Flowers, Tilden Park Capital, OHA UK and Silver Point Capital.

The bank is currently in discussions with these investors on the commercial terms, including pricing, of their

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Mahindra EPC Irrigation shares to be listed on NSE on Friday

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YES Bank surges 6% as lender receives EoIs from investors
NEW DELHI: Shares of YES Bank jumped nearly 6 per cent in Thursday’s session after the bank received a non-binding expression of interest (EoI) from JC Flowers - Co, Tilden Park Capital Management, OHA (UK) and Silver Point Capital.

The stock shrugged off a downgrade of its long-term issuer rating on certain debt instruments by India Ratings.

T

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Satin Creditcare Q3 profit falls 32% to Rs 48 crore on higher provisions
Kolkata: Microfinance company Satin Creditcare has reported 32% fall in net profit at Rs 48 crore for the December quarter on standalone basis, due to six times rise in provisioning and write off at Rs 61 crore, mainly on account of repayment trouble in Assam.

The Delhi-based lender has Rs 250 crore exposure in the northeast state while its total

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Rally in this stock enters 5th year. Can it still be a buy?
NEW DELHI: This stock surged 58 per cent in 2019, 43 per cent in 2018 and 57 per cent in 2017, 76 per cent in 2016, and a whopping 3,267 per cent in last 10 years.

Up 232 per cent from its 52-week low, shares of this debt-free and regular dividend payer are now up 81 per cent so far in 2020, breaching analysts’ 12-month target prices fast enough a

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Inventory buffer to keep pharma healthy for now
Due to its dependence on China for the supply of some basic ingredients and intermediates, the pharma sector in India has been closely watched to assess the impact of corona virus on its supply chain. However, there may not be any immediate threat to the sector as the current quarter performance is unlikely to be impacted on account of the
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CPI inflation spikes and IIP shrinks: RBI rate cuts off the table for a long time
Mumbai: India’s industrial production returned to the negative zone for December, in a worrisome development for the government, as data showed that factory output contracted by 0.3 per cent after growing at 1.8 per cent in November.

Also, retail inflation rose to 7.59 per cent in January, adding doubts over a recovery in Asia’s third-largest e

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Stock market update: MACD shows these 25 stocks are set for big rally
Benchmark equity indices BSE Sensex and NSE Nifty traded in the red on Thursday following subdued macroeconomic data. The BSE Sensex was down 162.76 points at 41,403.14 at around 10:35AM (IST).

Momentum indicator Moving Average Convergence Divergence (MACD) shows shares of PC Jewellers, ONGC, Mirza International, Max Financial Services, Balrampur

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Dalal Street’s top money managers for the rich managed to generate robust alpha for clients in January thanks to superlative performance from some of the second-rung stocks. The BSE Midcap and Smallcap indices advanced 3.30 per cent and 7.07 per cent last month, while the benchmark Sensex dipped 1.29 per cent.

At least eight PMS strategies

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India Ratings downgrades YES Bank for third time in a year
Mumbai: India Ratings and Research has downgraded YES Bank’s long-term issuer rating to ‘A-’ from ‘A’, while maintaining it on rating watch negative, reflecting the continued delay and inconclusive quantum of the anticipated equity infusion.

This is the third downgrade of the lender by the ratings agency in the last one year.

“The downgrade r

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Share market update: IRCTC, GMM Pfaudler, Ajanta Pharma, IIFL Wealth hit fresh 52-week high
Shares of Indian Railway Catering - Tourism Corporation (IRCTC), Johnson Controls-Hi, Ajanta Pharma, GMM Pfaudler, Pfizer, IIFL Wealth Management Ltd., Sanofi India, United Spirits, Mas Financial Services Ltd. and GSK Cons Health hit their fresh 52-week high in Thursday’s trade.

IRCTC on Wednesday reported a 179.65 per cent year-on-year rise

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Nestle India Q4 results preview: Profit may jump 25-33%, double digit sales growth likely
NEW DELHI: Nestle India’s December quarter profit growth may exceed 20 per cent while it sales may grow in double-digit sales, in line with the management guidance, said analysts.

Commentary on recovery in trade channels and rural demand will be keenly watched.

The company will report its fourth quarter results later in the day.

Motilal Oswal

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Torrent Power Q3 profit up 76% at Rs 420 crore

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Stock market update: YES Bank, Vodafone Idea, Ashok Leyland among most active stocks today
Shares of YES Bank (number of shares traded: 4.29 crore), Idea Cellular (2.46 crore), SBI (1.91 crore), Ashok Leyland (1.51 crore), Suzlon Energy (1.01 crore), Tata Motors (0.84 crore), Eveready Industries (0.79 crore), PC Jeweller (0.70 crore), Indiabulls Housing Finance (0.69 crore) and PFC (0.62 crore) were among the most traded securities on
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Payment firms seek action against lax lenders, telcos
Top payment companies owned by global giants Google, Alibaba and Walmart are seeking regulatory and government intervention against alleged inefficiency at some banks and telcos in helping curb customer frauds. These are UPI based frauds where customer accounts are compromised after the victims are socially manipulated either through a targeted
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Ashok Leyland Q3 net down 87% at Rs 57 crore
Hinduja Group flagship Ashok Leyland on Wednesday said its consolidated net profit declined 86.68 per cent to Rs 57.11 crore for the third quarter ended on December 31, 2019. The company had posted a net profit of Rs 428.76 crore for the December quarter of 2018-19.

Revenue from operations declined to Rs 5,188.84 crore for the third quarter as

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SBI Mutual Fund lapped up bluest of bluechips in Jan; plays big on these sectors
SBI Mutual Fund put in big bets on healthcare, oil - gas and telecom sectors in January. The asset manager lapped up shares of Bharti Airtel, Narayana Hrudayalay, ONGC and IndiaOil with both hands, besides others.

The fund house emerged India’s largest asset management company in January, toppling HDFC Asset Management from the top spot.

During

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Suzlon Energy Q3 loss widens to Rs 743 crore
New Delhi: Suzlon Energy on Wednesday reported widening of consolidated net loss to Rs 742.91 crore in December quarter mainly on account of lower revenues.

The company had reported a net loss of Rs 40.07 crore in the year-ago period.

Total income from operations declined to Rs 672.99 crore in the quarter ended on December 31, 2019, from Rs

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Dish TV India posts net loss of Rs 67 crore in Q3
Dish TV India Ltd on Wednesday reported a consolidated net loss of Rs 66.77 crore for the third quarter ended December, 2019. The direct-to-home (DTH) company had posted a net profit of Rs 152.69 crore in October-December quarter a year-ago, Dish TV India said in a BSE filing.

Total income during the quarter under review stood at Rs 870.90 crore.

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Chalet Hotels drops 3% on exclusion from MSCI India Domestic Small Cap Index
NEW DELHI: Shares of Chalet Hotels fell 3 per cent in Thursday’s trade after MSCI excluded the hospitality stock from its India Domestic Small Cap Index.

The stock fell 2.79 per cent to hit a low of Rs 345.80 on BSE. The company has reported in-line results for the December quarter.

K Raheja Corp group company’s profit after tax grew 134 per cent t

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S P 500, Dow clinch fresh highs as new coronavirus cases drop
The S-P 500 and Dow Jones Industrials hit all-time highs on Wednesday as investors drew comfort from a drop in the number of new cases of coronavirus infections in China.

China on Wednesday reported its lowest number of new coronavirus cases since January, lending weight to a prediction by its top medical adviser for the outbreak to end by

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Natco Pharma Q3 net profit declines 34% to Rs 104 crore

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Travel curbs could leave a mark on IT Companies' Q4 numbers
The business outlook of IT companies for the ongoing quarter is likely to be affected by restrictions due to the spread of the coronavirus.

Industry executives said several of their clients have cancelled scheduled visits to India to avoid any potential exposure to the illness. Indian IT companies too have cut down on overseas travel of employees,

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Contrary to expectations, the stock market saw yet another day of short-covering fuelled rally, as NSE Nifty rose for a second straight session on Wednesday. The market opened on a positive note, and the index traded in a sideways trajectory for most part of the day. It finally ended with a gain of 93.30 points or 0.77 per cent at 12,201.20.

We

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PFC Q3 net down 12% to Rs 3,386 crore
State-run Power Finance Corporation reported a 12 per cent dip in consolidated net profit at Rs 3,386.72 crore in the December quarter. The company's net profit stood at Rs 3,876.17 crore in the year-ago quarter, a BSE filing said.

Total income rose to Rs 15,878.04 crore during October-December from Rs 14,050.95 crore a year ago.

During

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