Markets
Second covid-19 wave unlikely to hurt recovery; brokerages say buy these stocks on correction
Analysts at ICICI Securities continue to be overweight on cyclical stocks. (Image: Reuters) After facing the brunt of the pandemic and resultant lockdown last year, the recovery in corporate profits continues strong. Now, as the second wave of covid-19 wreaks havoc, Dalal Street is expected to witness market volatility...
Wipro share price zooms nearly 10% on strong Q4 results; stock may rally another 10% to Rs 515 soon
Wipro has registered another quarter of strong growth with net profit rising by 27.78 per cent on-year. Image: Reuters Wipro share price surged as much as 9.5 per cent to Rs 471.75 apiece, a fresh 52-week high, on BSE on Friday, a day after the IT firm posted the...
Gold prices recover in India, back above Rs 47,000; MCX gold to soon touch Rs 48,850 per 10 gm
Gold and silver saw substantial gains with gold jumping to its highest in more than a month as yields dropped for U.S. 10-year Treasury notes to 1.56% Gold prices recovered in Indian markets on Friday, after closing above Rs 47,000 per 10 gram for the first time since February...
Rakesh Jhunjhunwala ups stake in MCX, adds 5 lakh shares; Big Bull’s stake now at just under 5%
The value of his total holding in the company stands at Rs 370.13 crore as of today with the stock price gaining 0.58% to trade at Rs 1,480 per share. Big bull Rakesh Jhunjhunwala has increased his stake in Multi Commodity Exchange during the January-March quarter. Data available on...
Share Market LIVE: Nifty reclaims 14,600, Sensex trades mildly higher; Wipro shares up over 3%, RIL falls
Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmarks BSE Sensex and Nifty 50 were trading in positive territory on Friday. via India Infoline
Cement: Yet another robust quarter in offing
Consensus earnings are yet again likely to be upgraded given better than expected volumes/prices. After posting >40% y-o-y Ebitda growth in each of the past two quarters, cement companies in our coverage universe are likely to repeat the performance in Q4FY21 too. This would be led by 24% y-o-y...
Telecom: Key enabler of work-from-home culture
In January’21, mobile broadband penetration in India stood at 63.3%, up 680bps from 56.5% in January’20, despite 30-40% tariff hike. Exactly a year ago, we wrote ‘Andra tutto bene’ (everything is going to be alright!) in which we analysed the likely changes to consumption, industry structures, etc. We revisit...
Cotton crop estimate increased to 360 lakh bales for 2020-21
The CAI crop committee has estimated the total cotton supply till end of the cotton season 2020-21at 496 lakh bales. The Cotton Association of India (CAI) has marginally increased its crop estimate to 360 lakh bales of 170 kg each from its previous estimate of 358.50 lakh bales in...
Tata Power Rating: Buy; Primed for sustainable and clean growth
The realignment of its growth model will top the sustainability index, which is more crucial in our view. We hosted Dr. Praveer Sinha, MD & CEO, Tata Power (TPCL), at the Edelweiss ESG CXO e-Series. Key highlights: (i) Tata Power 2.0 is a mega transformation from legacy to new...
IPCA Labs: Reiterate ‘buy’, target price at Rs 2,480
Strong order book provides visibility in Institutional business. Representative Image Superior execution, market share gains to drive growth in DF. While doctors have resumed their clinics, partly on account of having received their vaccinations, patient footfall is yet to return to normal levels. Particularly, patient footfall remains low in...
