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Sell Bata India, target price Rs 1,100: Suruchi Kapoor

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PE cos, realtors may allow deferral of rent for offices
Mumbai: India’s largest office space owner Blackstone has held discussions with its largest builder partners, including the Embassy Group, RMZ and Salarpuria developers, to create a strategy for tenants that are either seeking deferral in rent payments or invoking force majeure clauses, three people familiar with the development said.

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Trending stocks: Karnataka Bank stock price down 2%
NEW DELHI: Shares of Karnataka Bank traded 2.25 per cent down in Monday 's trade at 10:41AM (IST).

Around 176983 shares changed hands on the counter. The stock opened at Rs 44.5 and touched an intraday high and low of Rs 44.5 and Rs 42.55 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 141.25 and a 52-week low of Rs

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Indian firms with overseas debt afraid of losing the plot
Mumbai: Invocation of offshore guarantees given by Indian companies, pressure from overseas lenders, and takeover attempts by deep pocketed foreigners amid plummeting stock and asset prices are among the concerns creeping in as Covid-19 continues to impact business and life.

Indian companies offer guarantees to secure contracts and lower borrowing

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Itsafety first as funds buy low beta, high dividend yield stocks during selloffItsafety first as funds buy low beta, high dividend yield stocks during selloffItsafety first as funds buy low beta, high dividend yield stocks during selloff
Itsafety first as funds buy low beta, high dividend yield stocks during selloff
Fund managers opted for safety and predictability in their stock pickings in March when the Sensex and Nifty dropped 23%. They bought shares of companies with relatively low beta, fairly good dividend yield, good market share in their business and strong backing of the government, which lowers the probability of default on payments. Their top
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Dalal Street’s top alpha chasers managing money for the wealthy got cleaned-bowled in the March bears hammering.

None of the top portfolio management schemes (PMSes) managed to generate positive returns for the month, the best being a negative (-)3 per cent, data of 141 of these products showed.

Equity benchmark Nifty tanked 23 per cent for the

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SBI Cards tanks 15% after anchor investors& lock-in ends
India’s second largest credit card issuer SBI Cards and Payment Services tanked 15% on Monday after the 30-day lock-in for anchor investors — institutions which are offered some shares in the initial public offering — ended. With this fall to Rs 505.60, SBI Cards shares have fallen 30% from its issue price of Rs 755 per share, and are trading at
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Buy PVR, target price Rs 1,625: Kotak Institutional Equities
Kotak Institutional Equities has retained buy rating on PVR and cut fair value to Rs 1,625 from Rs 1,800. The stock ended down 4.1 per cent at Rs 1,006.45 on Monday while the BSE Sensex closed -469.60 points down (-1.51 per cent) at 30,690.02.

PVR Ltd., incorporated in 1995, has a market cap of Rs 5166.34 crore.

Investment RationalePVR’s sole f

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Trending stocks: GAIL India shares slip 3% in early trade
NEW DELHI: Shares of GAIL (India) traded 2.96 per cent down in Monday 's trade at 10:35AM (IST).

Around 3119522 shares changed hands on the counter. The stock opened at Rs 88.7 and touched an intraday high and low of Rs 89.4 and Rs 83.8 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 193.38 and a 52-week low of Rs

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Growth in farm income augurs well for M M
ET Intelligence Group: Is Mahindra - Mahindra (M-M) a farm equipment maker or an automobile company? That’s a tricky question to answer, but one that points to M-M’s appeal as a de-risked and stable play in times as tough as these. By operating profit, farm equipment fills the till at M-M; so you wouldn’t be wrong in calling the mak
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Buy Greenlam Industries, target price Rs 754: ICICI Securities
ICICI Securities has upgraded Greenlam Industries to buy and revised target price to Rs 754 from Rs 1,024. The stock ended up 4.85 per cent at Rs 519 on Monday while the BSE Sensex closed -469.60 points down (-1.51 per cent) at 30,690.02.

Greenlam Industries Ltd., incorporated in 2013, has a market cap of Rs 1252.68 crore.

Investment Rationale

The

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Bandhan Bank FY20 deposits rise 32% to Rs 50,073 cr
NEW DELHI: Bandhan Bank on Monday said its total deposits grew by 32 per cent to Rs 50,073 crore during the fiscal ended March 2020. The bank had total deposits of Rs 43,232 crore as at end of March 2019.

The retail deposits formed bulk of the total deposits at 78.4 per cent, which showed an increase of 34 per cent to Rs 44,760 crore as on March

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Asia shares jump but pandemic hangs heavy over outlook
NEW YORK/SYDNEY: Asian stocks bounced on Tuesday on hopes the coronavirus outbreak may be peaking, though sentiment was cautious ahead of Chinese trade data and corporate earnings as investors worried about a deep global recession.

Chinese shares started firm with the blue-chip index up 0.7 per cent. Australian shares were up 0.6 per cent while

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Mumbai: India’s top listed companies may post a sharp fall in revenue and profit for the fourth quarter of FY20 due to largescale shutdown of factories, offices and public places in the second half of March.

Revenue for Nifty50 firms, which include some of India Inc’s biggest companies, may fall 8% while net profit is expected to slide 21.4%. An a

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Trending stocks: Jindal Steel Power shares slump 7%
NEW DELHI: Shares of Jindal Steel - Power Ltd. traded 6.6 per cent down in Monday 's trade at 10:29AM (IST).

Around 9319092 shares changed hands on the counter. The stock opened at Rs 92.0 and touched an intraday high and low of Rs 93.25 and Rs 84.5 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 201.2 and a

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Bandhan steps out to reassure Street after Ambit thumbs down
Bandhan Bank, which grew out of India’s biggest success story in microfinance, on Monday said that its liquidity and growth in deposits and advances remained healthy, seeking to calm investors and depositors after a Mumbai brokerage slashed the lender’s share price target by more than 80% from an earlier estimate in light of the stress in rec
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Dow, S P 500 slide as focus shifts to earnings; Nasdaq gains
NEW YORK: The Dow and S-P 500 fell on Monday as U.S. companies prepared to kick off a quarterly earnings season expected to be rough due to the coronavirus pandemic, while Amazon.com gains helped the Nasdaq end higher.

Stocks pared losses late in the day, with the Nasdaq registering its first three-day streak of gains since Feb. 12. Amazon.com

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Trending stocks: Ansal Properties share price rises 2%
NEW DELHI: Shares of Ansal Properties - Infrastructure Ltd. traded 2.53 per cent up in Monday 's trade at 10:22AM (IST). Around 7465 shares changed hands on the counter. The stock opened at Rs 3.95 and touched an intraday high and low of Rs 4.05 and Rs 3.8 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 14.95 and

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Safety also in stock, Dmart maps new ways to supply your needs
ET Intelligence Group: The Covid-19 lockdown has put supermarket chains under the spotlight — who can forget the numerous social media forwards of empty shelves and panic buying of toilet-paper rolls in Europe’s richer neighbourhoods?

The pandemic is stretching chains as they gasp to keep up with frenetic buying by consumers. They must restock

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Trending stocks: TCS shares flat as Nifty plunges
NEW DELHI: Shares of Tata Consultancy Services traded 0.38 per cent down in Monday 's trade at 10:54AM (IST). Around 1136851 shares changed hands on the counter. The stock opened at Rs 1761.0 and touched an intraday high and low of Rs 1787.0 and Rs 1746.0 , respectively, in the session so far.

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

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Trending stocks: Dish TV shares jump 4% in early session
NEW DELHI: Shares of Dish TV India traded 4.26 per cent up in Monday 's trade at 10:15AM (IST).

Around 508521 shares changed hands on the counter. The stock opened at Rs 4.9 and touched an intraday high and low of Rs 4.9 and Rs 4.9 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 59.65 and a 52-week low of Rs 3.9 .

Le

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Most MPC members favoured 75 bps rate cut, show minutes
Mumbai: The Reserve Bank of India’s representatives in the Monetary Policy Committee were near unanimous in voting for a 75 basis points reduction in interest rates as the Covid-19 impact on economy and financial markets could be enormous. They also signalled that the central bank could deploy many tools at its disposal beyond interest rates to
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Kotak Mahindra Bank cracks 3% UBS downgrades stock to ‘Sell&
Shares of Kotak Mahindra Bank declined over 3 per cent after UBS downgraded the stock to ‘Sell’, citing rising business risk and slowing loan growth.

The brokerage firm also slashed its 12-month target price to Rs 1,050 from Rs 1,500 earlier.

The scrip traded 3.33 per cent down at Rs 1,234 at around 9.50 am (IST), while the benchmark BSE Sensex

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Trending stocks: PNB shares down 2% in early trade
NEW DELHI: Shares of Punjab National Bank traded 2.39 per cent down in Monday's trade at 10:09AM (IST).

Around 5108660 shares changed hands on the counter. The stock opened at Rs 31.75 and touched an intraday high and low of Rs 31.75 and Rs 30.3 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 99.9 and a 52-week low of

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UBS downgrades Kotak Bank to sell, slashes target price
Mumbai: UBS has downgraded Kotak Mahindra Bank to ‘sell’ from ‘neutral’ and slashed target price to Rs 1,050 from Rs 1,500 as it believes the private sector lender’s valuation premium to its peers is at risk.

The brokerage has lowered loan growth estimate for the ongoing financial year to 6 per cent from 8 per cent earlier, given the management’s c

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Trending stocks: Tata Consumer Products share price flat in early trade
NEW DELHI: Shares of Tata Consumer Products traded 0.08 per cent down in Monday 's trade at 10:48AM (IST).

Around 898151 shares changed hands on the counter. The stock opened at Rs 315.0 and touched an intraday high and low of Rs 315.0 and Rs 303.05 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 407.25 and a 52-week

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RIL, HDFC twins drag Sensex 650 points lower; Nifty below 9,000
NEW DELHI: Domestic indices opened lower in Monday's trade amid rising coronavirus cases and as India prepared to extend the lockdown which has crippled businesses across the country. Global market cues too remained weak, weighing on investor sentiment.

A few state governments have already extended the lockdown till the end of the month after

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Neutral on Godrej Consumer Products, target price Rs 620: Motilal Oswal
Motilal Oswal has a neutral rating on Godrej Consumer Products with a target price of Rs 620. The stock ended down 6.4 per cent at Rs 557.25 on Monday while the BSE Sensex closed -469.60 points down (-1.51 per cent) at 30,690.02.

Godrej Consumer Products Ltd., incorporated in 2000, has a market cap of Rs 56968.58 crore.

Investment RationaleApart

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Sell Torrent Pharma, target price Rs 1,980: JM Financial
JM Financial has given a sell rating to Torrent Pharmaceuticals with a target price of Rs 1,980 over 12 months.

Torrent Pharma has outperformed peers in terms of earnings and stock price performance over the last 2 years. Torrent’s strong domestic performance has come on the back of successful integration of Unichem brands and significant price h

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Trending stocks: DHFL stock falls 1%
NEW DELHI: Shares of Dewan Housing Finance Corporation traded 0.96 per cent down in Monday's trade at 10:29 am. Around 13,67,469 shares changed hands on the counter. The stock opened at Rs 10.8 and touched an intraday high and low of Rs 10.9 and Rs 9.9, respectively, in the session so far.

The legal firm representing DHFL's promoters Kapil and

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