StockMarket

Sebi reduces minimum subscription requirement for REITs, InvITs
New Delhi: Markets regulator Sebi has reduced the minimum subscription requirement as well as defined trading lots for Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs).

REITs have to offer their units in lots worth at least Rs 50,000 in initial and follow on public offers.

The minimum value of a single lot should

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After Market: Lupin, RIL, Capacite log gains; HDFC Bank extends fall
NEW DELHI: Falling for the third day in a row, equity barometer Sensex closed in the negative territory on Tuesday as banking, financials and auto stocks proved to be the top drags.

Analysts said rising crude oil prices and a falling rupee were main reasons behind the fall. There was also caution amid the ongoing elections and fourth quarter

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Buy Marico, target Rs 460: Motilal Oswal Securities
Motilal Oswal Securities has a buy call on Marico with a target price of Rs 460.

The current market price of Marico is Rs 364.25.

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

Investment rationale by the brokerage-Input cost pressure is easing, especially for copra, which accounts for 40-50 per

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Upbeat earnings boost Wall Street
US stocks edged higher on Tuesday, as upbeat results from Coca-Cola, Twitter and a host of industrial companies allayed investor concerns about slowing profits.

Wall Street's main indexes hovered below record levels as investors wait to see if results from major companies ease concerns about an earnings recession.

Among the biggest boosts to the

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Capital need of microfinance firms to shrink ahead: ICRA
Kolkata: Capital requirement for microfinance firms may shrink in the next few years, with many of them adopting new business models requiring less capital.

Several smaller microfinance institutions or MFIs have started working as business correspondents – partly or fully, wherein these entities originate loans on behalf of their partner banks, to

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Sify net profit rises 16% to Rs 30 crore in March quarter
IT company Sify Technologies Tuesday said its net profit increased 16 per cent to Rs 30 crore in the quarter ended March 31. The company had recorded a profit of Rs 26.1 crore in the corresponding period a year ago.

Its revenue declined 7.2 per cent to Rs 562.3 crore, compared with 606.2 crore in the corresponding quarter of 2017-18.

"Our

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Rising crude prices to roil CAD, rupee, inflation metrics: Care
Mumbai: A possible increase in fuel prices due to the US sanctions on Iranian crude exports can have adverse impacts on the current account deficit (CAD), the rupee and inflation, warns a report.

The country meets a tenth of its crude demand from Iran--making it the third largest customer for the Persian country--and the "immediate challenge" is

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Buy HDFC Bank, target Rs 2,700: Prabhudas Lilladher
Prabhudas Lilladher has a buy call on HDFC Bank with a target price of Rs 2,700.

The current market price of HDFC Bank is Rs 2,245.65.

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

Investment rationale by the brokerage-PPOP growth held up from strong NII: Overall core PPOP growth of 20 per cent

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Buy Shriram Transport Finance Company, target Rs 1,568: Prabhudas Lilladher
Prabhudas Lilladher has a buy call on Shriram Transport Finance Company with a target price of Rs 1,568.

The current market price of Shriram Transport Finance Company is Rs 1,164.80.

Time period given by the brokerage is one year when Shriram Transport Finance Company price can reach the defined target.

Investment rationale by the brokerage-Group

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ICICI Securities Q4 Results: ICICI Securities Q4 profit slips 19% to Rs 121 crore - The TheIndianSubcontinent

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Buy Bajaj Finance, target Rs 3,618: Emkay Global Financial Services
Emkay Global Financial Services has a buy call on Bajaj Finance with a target price of Rs 3,618.

The current market price of Bajaj Finance is Rs 3,035.50.

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

Investment rationale by the brokerage-Outstanding collection and recovery procedures: Our

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Buy Essel Propack, target Rs 168: Emkay Global Financial Services
Emkay Global Financial Services has a buy call on Essel Propack with a target price of Rs 168.

The current market price of Essel Propack is Rs 133.50.

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

Investment rationale by the brokerage-Mining Blackstone portfolio companies: Blackstone has deep

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Tata Global Beverages Q4 profit halves to Rs 36 crore
New Delhi: Tata Global Beverages (TGBL) Tuesday reported 49.70 per cent fall in consolidated net profit at Rs 35.99 crore for the March quarter of 2018-19 financial year.

It posted a profit of Rs 71.56 crore in January-March 2017-18, TGBL said in a BSE filing.

Total income was up at Rs 1,810.69 crore as against Rs 1,714.12 crore in the March

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F O: Lower highs show bears restricting market momentum
By Chandan TapariaThe Nifty50 index failed to surpass the 11,650 level on Tuesday and consolidated for most part of the session with sustained pressure at every small bounceback.

The index has been falling from last three sessions and has started forming lower highs, but it is still respecting its multiple support at 11,550 level from last 16

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There has been a major change on the monetary policy front in most developed economies, with some of the major central banks turning dovish in their latest outlook, on the back of expectations of a global growth slowdown.

It seems not only is the rate hike cycle behind us, some of the central banks are even contemplating to engage in monetary

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Embassy Office Parks to raise Rs 3,650 cr via debentures
New Delhi: Embassy office Parks, which recently raised Rs 4,750 crore through India's first Real Estate Investment Trust (REIT), Tuesday said it will raise Rs 3,650 crore in two tranches through issue of debentures.

Embassy Office Parks, a joint venture between Blackstone and realty firm Embassy group, is a leading developer of commercial real

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Sensex sheds 80 pts on crude oil woes, Nifty ends at 11,576
NEW DELHI: Domestic indices sank further on Tuesday as crude oil remained a major worry for investors. Sensex slipped 80 points or 0.21 per cent to settle at 38,565 as banks and financial stocks reversed gains. NSE Nifty ended at 11,576, down 19 points or 0.16 per cent.

India meets over 80 per cent of its oil demand through imports and rising

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Essel Propack share price: Essel Propack gains 2% as Blackstone agrees to buy 51% stake - The TheIndianSubcontinent

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  • Share market update: Nifty Pharma index up; Lupin jumps 4%
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Sterlite Tech Q4 profit up 47% at Rs 165 crore
New Delhi: Optical fibre maker Sterlite Technologies Tuesday posted about 47 per cent rise in consolidated net profit to Rs 165.17 crore for the quarter ended March 2019.

This is against a net profit of Rs 112.42 crore in the same quarter last fiscal, Sterlite Technologies said in a regulatory filing.

Its revenue from operations more than doubled

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Morgan Stanley upgrades Lupin to overweight, raises target price by 40%
Mumbai: Morgan Stanley has upgraded Lupin to overweight from equal-weight and raised target price by nearly 40% to Rs 1094 from Rs 783.

After a sharp fall in earnings and stock price over the past four years, Lupin now appears well positioned for recovery, said Morgan Stanley.

Niche products should drive an earnings revival in FY20-FY21, and

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Share market update: IT shares dip; Infibeam Avenues slumps 6%
NEW DELHI: IT shares were trading with losses in Tuesday's morning session.

Shares of Infibeam Avenues (down 6.41 per cent) , NIIT Technologies (down 0.66 per cent) , Tata Consultancy Services (down 0.53 per cent) and Oracle Financial Services Software (down 0.49 per cent) were the top losers in the index.

Tata Elxsi (down 0.39 per cent) , Tech

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Jio leading, Airtel stable, Voda losing: CLSA
New Delhi: Reliance Jio's 8-million strong subscriber additions, Airtel's stable market share and Voda Idea losing customers is the sum of brokerage firm CLSA 's telecom sector outlook for February 2019, that projects Jio will lead the subscriber market share in the current year.

In its India Telecom report, CLSA said Indian mobile subscribers in

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Buy Mastek, target Rs 670: Anand Rathi
Anand Rathi has a buy call on Mastek with a target price of Rs 670.

The current market price of Mastek is Rs 469.15.

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

As per the brokerage, here are the four triggers and key risk factors you need to take note of-

UK to grow, but slower: The UK (77 per

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Share market update: Nifty Pharma index up; Lupin jumps 4%
NEW DELHI: Pharma shares were trading with gains in Tuesday's morning session with their sectoral index trading higher.

Shares of Lupin (up 4.37 per cent) , Cipla (up 1.10 per cent) , Dr. Reddy's Laboratories (up 1.05 per cent) were the top gainers in the index.

Sun Pharmaceutical Industries (up 0.96 per cent) , Aurobindo Pharma (up 0.90 per cent)

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Future Retail raises Rs 2,000 crore via warrants
New Delhi: Future Retail Tuesday said it has raised nearly Rs 2,000 crore through issue of warrants to its promoter group entity on a preferential basis.

"The committee of directors of the company has inter-alia considered and allotted 3,96,03,960 equity warrants at a price of Rs 505 per warrant, each convertible into or exchangeable for one

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US holds the key to how much pain Iran oil can cause to Indian stocks
NEW DELHI: Crude oil prices hit a fresh five-month high on Tuesday after the Trump administration decided not to extend the waiver that it had granted to India and seven other countries on Iranian oil imports beyond the May 2 deadline.

Analysts say crude prices may rise to the $80-85 range in the short term, but it remains to be seen if such a

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Sensex climbs 180 points, Nifty above 11,600 as financials rise
NEW DELHI: Fresh spell of buying emerged ahead of F-O expiry in Indian equity markets on Tuesday morning following heavy-selling witnessed by D-Street yesterday. Financials, bank stocks, and index heavyweight Reliance Industries were major contributors behind Sensex's 150-point climb.

While oil's rise to 2019 high remains a worry, a

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Reliance earnings momentum set to pick up in FY20: HSBC
Mumbai: Taking note of the fact that weakness in Reliance Industries's (RIL) refining business has been counter-balanced by "solid growth" in retail and telecom (Jio) business, HSBC expects RIL's earnings momentum to accelerate in FY20 and maintains "buy" rating.

RIL's earnings outlook is robust, HSBC said and added it has kept "buy" rating with

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Hold Aditya Birla Fashion and Retail, target Rs 256: Anand Rathi
Anand Rathi has given a hold recommendation on Aditya Birla Fashion and Retail with a target price of Rs 256.

The current market price of Aditya Birla Fashion and Retail is Rs 214.10.

The brokerage has set a one-year horizon for the stock to hit the target price.

As per the brokerage, here are the four triggers and key risk factors you need to

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Share market update: PSU Bank shares gain; PNB rises over 1%
NEW DELHI: Shares of PSU banks were trading in the positive zone in Tuesday's morning session.

Shares of Punjab National Bank (up 1.56 per cent) , Union Bank of India (up 1.15 per cent) , Allahabad Bank (up 1.03 per cent) and Syndicate Bank (up 0.76 per cent) were the top performers in the index.

Canara Bank (up 0.64 per cent) , Bank of Baroda

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