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Reduce Havells India, target price Rs 540
Dolat Capital has downgraded Havells India stock to reduce from accumulate and slashed target price to Rs 540 from Rs 650. The stock closed doen 7.31 per cent at Rs 498.50 while the BSE Sensex closed 3934.72 points down (-13.15 per cent) at 25,981.24.

Havells India Ltd., incorporated in 1983, is a largecap company with a market cap of Rs 31202.53

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As the claiming goes, you miss out on the lift maker just when the lift malfunctions, underscoring the nature of utility companies boring, unglamorous, however extremely foreseeable. With the 2008 economic crisis, when leading financial investment banks were collapsing over night, utility firms stood apart amid the mangled particles. It s no various via the o.
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By Rich MillerThe Federal Reserve rolled out several measures this week to support the economy and re-liquefy financial markets reeling from the shock of an unprecedented shutdown. It ain’t done yet.

Among possible options: The central bank could explicitly expand its purchases of Treasury and mortgage-backed securities and open up new targeted

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Buy Larsen Toubro, target Rs 1,200: Dolat Capital
Dolat Capital has maintained a buy rating and reduced target price on the capital goods and engineering major to Rs 1,200 from Rs 1,700. The stock ended down 16.3 per cent at Rs 723.70 on Monday while the BSE Sensex closed 3934.72 points down (-13.15 per cent) at 25,981.24.

Larsen - Toubro Ltd., incorporated in 1946, is a largecap company with

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By Ksenia GalouchkoItaly’s escalating coronavirus battle helped mark the onset of a global stock market collapse that erased $20 trillion in four weeks. Now, its campaign against the pandemic is being scrutinized for clues on how much further this once-in-a-generation crash will go.

While market players are being bombarded with support measures

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Too early to tell if selloff is over, but start nibbling at stocks now
By DK AggarwalStock markets across the globe have over the last few days mirrored the panic that took hold of the world. Desperation hit new highs, as countries moved to lock down borders after WHO pronounced COVID-19 as a pandemic.

A rise in the number of infections has weighed on financial markets across the globe. The intensity and breadth of

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Circuit breakers and their role in cooling volatility
Mumbai: Indian markets witnessed their second circuit breaker in a month on Monday as the benchmark Sensex tanked 10 per cent within the first hour of trading. Before the recent instances, circuit breakers were triggered at the peak of the previous global financial crisis.

This is second time since January 21, 2008 and sixth time in the past two

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Motilal Oswal board okays Rs 150 crore share buyback plan
NEW DELHI: Board of directors of Motilal Oswal Financial Services on Saturday approved up to Rs 150 crore worth of share buyback. Promoters of the broking firm would not participate in the issue, the company said.

The development followed similar buybacks announced by companies such as Emami (Rs 194 crore) and Sun Pharma (Rs 1,700 crore), as they

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Twilight at the end of a dark night. This market is telling you to buy
During most part of the week gone by, the domestic equity market was under a spell of intense fear. It seemed like economic activities will halt and deliver a crushing blow to the hopes of contrarians, with the few bulls that were doing bargain hunting eventually running away after seeing deeper cuts in the market.

However, after such dark nights

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The plunge in stock prices has made promoters rather active in Mumbai. Tata, Godrej as well as Bajaj are not alone in buying more shares of the business they own. Marketers of more than 200 tiny and midcap stocks have also seized the opportunity to up their stake with the newest assessments carnage. Because March 1, promoters of concerning 230 firms
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Unstoppable Mumbai! Your brokers will work from home to ensure seamless trading amid shutdown
As India’s worst coronavirus-hit state Maharashtra has enforced a partial shutdown, financial capital Mumbai has come to a standstill.

But the financial markets fraternity is rising to the occasion in a show of its characteristic never-say-die spirit.

As soon as the stock exchanges on Friday announced relaxations to allow work from home, big

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Oil falls for fourth week; US crude posts steepest weekly loss since 1991
US crude tumbled 10.7 per cent on Friday and posted its biggest weekly decline since the 1991 Gulf War as the coronavirus epidemic dried up global demand and as officials in Washington said an envoy would head to Saudi Arabia to deal with fallout of a Saudi-Russia oil price war.

The week featured four days of massive selling as the growing

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‘Capital Goods and Durables firms facing headwinds&
Dolat Capital has slashed target prices of leading consumer durables, capital goods and logistics companies in the range of 7 per cent to 29 per cent as these sectors are facing multiple headwinds on demand, execution and pricing front in light of the spread of Covid-19 in India and overseas. The brokerage has maintained buy on Voltas, L-T and
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Bankers face weekend work on Saturdaytest of NYSE shutdown
By Jenny Surane and Lananh NguyenIt’s time for Wall Street’s coders to shine. The biggest U.S. banks will spend the weekend making changes to trading algorithms. They are preparing for the New York Stock Exchange to close its trading floor on Monday and move to fully electronic trading as the coronavirus spreads.

Firms will disable connections to

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Mumbai: The stock market jumped 5.8 per cent on Friday — the biggest percentage one-day rise since the global financial crisis — as the renewed strength in global equities gave investors the confidence to lap up battered bargains. While the mood on Dalal Street remained apprehensive amid swelling instances of lockdowns and shutdowns worldwide, inv
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Stocks in the news: YES Bank, HUL, Glenmark Pharma, Dabur India and India Cements
NEW DELHI: Nifty futures on the Singapore Exchange traded 349.25 points or 4.67 per cent higher at 7,828.75, indicating a gap-up start for Dalal Street. Here are a few stocks which may buzz the most in today’s trade:

Hindustan Unilever, Glenmark Pharma: Leading FMCG player Hindustan Unilever announced the acquisition of female intimate hygiene

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The unabated meltdown of the equity markets continued this week as well, which saw Nifty plunge to the fresh weekly lows. Domestic equities traded in line with weak global setup and lost ground as rapidly as other global markets.

Benchmark Nifty declined and ended in the negative for the first four days of the week. Despite some short covering-led

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Firms, auditors may differ on asset impairment
Mumbai: The stock market rout due to Covid-19 could trigger a different kind of a face-off between sections of India Inc promoters, shareholders and their auditors. The massive fall in share prices of key companies that are subsidiaries of holding firms or other big companies is leading to heated discussions and debate on how to account for this
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ET Intelligence Group: The Sun Pharma stock dropped virtually 9% to Rs 332 on Monday. This despite the firm s offer to get back 1.7% of shares at Rs 425 revealed recently. The buyback rate now stands at 28% premium to the supply cost. It makes sense for the retail financiers with small holdings to tender their shares in the buyback offer. The
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Covid 19: Steps govt can take to mitigate the hit on the economy
By Nikhil KamathThe world, as we know it, is fairly uncertain right now; we had an economy which was slowing before any of this coronavirus crisis started, but the uncertainty of an unknown, something we haven’t witnessed in a 100 years, has thrown all forecasts into the wind.

We witnessed the Spanish flu outbreak in 1918, but for most of us

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HDFC Bank falls on Bernstein downgrade

FEATURED FUNDS

Kotak Standard Multicap Fund Regular-Growth

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Mumbai: The Book Financial Institution of India (RBI) intensified liquidity enhancement measures to unclog the credit history markets that are starting to see a capture with short-term rates climbing up as investors hoard cash money amid uncertainty concerning the influence as well as duration of the coronavirus break out. The liquidity enhancement measures are being hurried through after
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Sebi changes on short selling, F O positions and cash margins: How will they impact market on Monday?

FEATURED FUNDS

Kotak Standard Multicap Fund Regular-Growth

★★★★★

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Taxman asks FPIs to settle past cases via ‘Vivad Se Vishwas&
MUMBAI: After reaching out to Indian companies, public sector units and multinationals, the taxman has now asked foreign portfolio investors (FPIs) to avail the tax litigation scheme and settle legacy tax disputes. The taxman is asking several investors to settle their legacy disputes under the Vivad Se Vishwas scheme as the March 31 deadline
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Downgrades begin: Brokerages cut down estimates for stocks, sectors
Brokerages have slashed target prices on shares of companies across sectors to reflect the cut in their earnings estimates amid the wide-scale shutdown in businesses in the wake of the spreading Covid-19 pandemic.

Notable cuts in target prices have taken place in auto, auto ancillaries and diagnostics companies.

Active Covid-19 cases in India have

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Covid-19 impact: Auditors ask listed companies with subsidiaries to reflect fall in stock price on balance sheet
The stock market rout due to the Covid-19 could trigger a different kind of a face-off between sections of India Inc promoters, shareholders and their auditors. The massive fall in share prices of key companies that are subsidiaries of holding firms or other big companies is leading to heated discussions and debate on how to account for this fall
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RBI to inject Rs 30k cr more via bond buys to boost liquidity
MUMBAI: India’s central bank Friday walked the talk on doing whatever it takes to contain the economic impact of covid-19 by injecting more liquidity just days after Governor Shaktikanta Das cemented Mint Road’s credentials as a responsive regulator, assuring the man on the street about the safety of his savings at Yes Bank.

Since the last meeting

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Indian banks seek easier loan repayment, NPA classification due to Covid-19
MUMBAI: Indian bankers want the regulator to ease rules on loan recovery timelines to give borrowers the breathing space and monetary health they need to pay back, with large swathes of the economy choked by the lockdown mandated to contain the spread of the coronavirus.

The Indian Banks' Association (IBA) has made a five-point wish-list for the

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MUMBAI: Private banks with a substantial exposure to consumer business, especially unsecured loans like credit cards and personal loans, are bearing the brunt of investor fear who expect some of these loans to turn sour due to a sharp slowdown in economic activity.

HDFC Bank and ICICI Bank the two lenders with substantial exposure to consumer

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