Analyst Corner: Expect inorganic focus of Piramal to continue

In the current environment, using the proceeds to support the core via lower leverage / higher liquidity would be prudent, in our view.

A large part of Piramal’s growth in all segments of healthcare (viz. outsourcing, critical care, consumer) was acquired and we expect the inorganic focus to continue. News

Rainfall deficit shrinks: Kharif sowing picks up

IMD data shows that 59% of the country's geographical area has received normal or excess rains since June 1, whereas the corresponding figure was 26% as on July 1.

Further rains in next few days are likely to spur sowing this month, even if the total area may still end up a tad lower from the 2018 level. News

Marine fish catch falls 9% in 2018

The total marine fish production in 2018 was recorded at 3.49 million tonne, which is lower by 3.47 lakh tonne (9%) as compared to the previous year, mainly due to reduced catch in West Bengal, Karnat

The catch of sardine dropped to 1.55 lakh tonne all over India from 3.37 lakh tonne in 2017, a CMFRI source said. (Representational image) News

Maharashtra farmers had sown banned HT Bt cotton seed in Akola: Lab report

With increasing scarcity of labour in rural India, cotton farmers are eager to find alternative ways to reduce the cost of labour, and stay competitive in the global market.

This season, at least 25-30% of the acreage under cotton would be of the HT Bt variety. News

HDFC Rating | Add — Company a clear winner in NBFC/liquidity crisis

Apollo Munich buy to push HDFC to leading position in general insurance space; TP revised to Rs 2,380; stock valuations are justified

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Delta Corp Rating | Buy — Flat showing in Q1 but the ship is stable

Consequently, revenue growth is likely to bounce back from Q2FY20, and we estimate 18% growth in the Casino biz in 9MFY20.

Casino business incurred a loss due to maintenance work, and thus, the muted growth therein is not very significant. News

BSE stock options: Sebi imposes Rs 42 lakh fine on 5 entities for non-genuine trades

After observing large-scale reversal of trades in the illiquid stock options, the regulator had conducted a probe into trading activity in the segment during April 2014 to September 2015 period.

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FinMin to look into applicability of 20% tax on share buybacks by listed companies

Finance Minister Nirmala Sitharaman in her 2019-20 Budget speech proposed to provide that listed companies shall also be liable to pay additional tax at 20 per cent in case of share buyback, as is the

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KPR Mill becomes Budget victim; withdraws share buyback scheme after new tax

After the government introduced buyback tax of 20 per cent in the Union Budget 2019-20, KPR Mill becomes the first company to withdraw its Rs 263.31 crore buyback on account of increase in the amount

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What investors should do with IndiGo stock as promoters’ feud turns uglier

IndiGo’s parent company InterGlobe Aviation’s stock has tumbled over 13% in the last two days after a spat between the airline’s two promoters Rahul Bhatia and Rakesh Gangwal spilled out in publ

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Sensex PE hits 20-year high; stock markets headed for a severe correction? Here’s what to do now

As the PE ratio of Sensex soars to a 20-year high indicating extreme overvaluation, experts say that a stock market correction is in the offing, as such levels are unsustainable.

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How to trade in commodity, currency markets How to trade in commodity, currency markets amid subdued post budget sentiment

Commodity markets were expecting some changes in the imposition of CTT (Commodities Transaction Tax), however there were no changes in the Union budget with regards to this agenda.

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Share market highlights: Sensex ends 87 points down, Nifty above 11,550; ONGC, Bajaj Finance among top losers

Share market highlights: The Sensex and Nifty erased gains in the late afternoon trade on Friday, ahead of the CPI and IIP data scheduled to be relased today. The Sensex closed 87 points down at 38,7

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Gold gains on US-China trade jitters, rate cut hopes

Spot gold was up 0.4% at $1,408.62 per ounce as of 0133 GMT.

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Oil prices rise amid Gulf of Mexico storm, Middle East tensions

U.S. West Texas Intermediate (WTI) crude futures were up 34 cents, or 0.6%, at $60.54 a barrel.

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Global markets: Asian shares ease as Donald Trump rekindles Sino-US trade tensions

S&P 500 e-mini futures were last up 0.21% at 3,010.25. Federal Reserve Chairman Jerome Powell indicated on Thursday that a rate cut is likely at the Fed's next meeting as businesses slow investment du

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FPI equity outflows rise post-Budget

After being positive for 8 months, FPI equity flows turned negative in July — $611 million till the 10th — while debt flows stayed positive.

This may be due to the hike in FPI-tax in the Budget, but outflows took place even before the budget. News

Rupee forwards cool in offshore markets

The dollar index, which gauges the greenback's strength against a basket of six currencies, dropped 0.23% to 96.87.

Rupee strengthened along with the emerging market peers News

Stock corner: Maintain ‘buy’ on ICICI Bank, FV revised to Rs 510

As highlighted in our previous notes, the decline in NPL ratios is underway with more scope for further reduction with lower impact on earnings given the bank’s healthy coverage ratio.

The key takeaways are that we are seeing improvement, especially in the corporate book. News

Stock corner: ‘Add’ on Bandhan Bank, target price of Rs 625

Merger with Gruh Finance was at expensive valuations (one year forward multiple at 13x P/BV for Gruh vs. 5.4x for Bandhan) even after considering strong return profile for Gruh (FY19: RoA at 2.7%).

Similarly, Gruh will also benefit from wider distribution network, a larger customer base and low-cost deposit franchise of Bandhan. News

Kerala Financial Corporation raises Rs 250 crore from bond market

The Kerala Financial Corporation (KFC) has raised Rs 250 crore from the bond market this week. The bond was listed on the BSE.

KFC had clocked Rs 17.7-crore net profit in 2018-2019, declaring dividend for the first time after three years. (Website image) News

FPIs unlikely to shift from trusts to corporate structure

However, there are several factors that would deter FPIs from taking this route.

The buzz is that the finance ministry may give FPIs some relief. News

Sadbhav’s Rs 3,380-crore borrowings put on watch by CARE

According to analysts at CARE Ratings, the ratings continue to derive strength from established track record of SEL in road construction segment along with its healthy and diversified order book.

Sadbhav Infrastructure Project (SIPL) had signed definitive agreements with IndInfravit Trust (Website image) News

June estimate for cotton crop reduced by 3 lakh bales to 312 lakh bales

The cotton crop for Southern zone has been reduced by 3.25 lakh bales i.e. 68.50 lakh bales compared to the estimate of 71.75 lakh bales made during last month.

The CAI has estimated cotton consumption during the months of October 2018 to June 2019 at 243.12 lakh bales of 170 kg each News

Bharat Forge up nearly 5% as JV firm bags $100 million contract

On the NSE, the shares ended at Rs 462.60 with a gain of 4.38 per cent. In terms of traded volume, 1.31 lakh shares were traded on the BSE, while over 21 lakh shares changed hands on the NSE during th

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Gold price hits all-time high in India after US Federal Reserve head’s dovish remarks

Gold prices hit an all-time high in India after the US Federal Reserve Chairman Jerome Powell indicated towards interest rate cut soon in a bid to shore up the economy.

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Sensex ends higher, Nifty Bank snaps three-day losing streak; key reasons

After opening on a positive note for the first time post budget, benchmark equity indices -- Sensex and Nifty -- closed on higher levels Thursday amid upbeat global market sentiment after US Federal R

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