Analyst corner | Maintain ‘buy’ on M&M, target price at Rs 637

M&M is currently battling multiple headwinds, simultaneous weakness in automotive and FES segment; and perception challenge on its ability to ensure a smooth transition to BS VI given its higher share

target price, vehicle costs, M&M, target price, lower raw material costs News

Bond yields rise on profit-booking, benchmark by 9 basis points

The development followed heavy buying from bond traders after the Reserve Bank of India's monetary policy committee cut benchmark rates by 35 bps on August 7.

Bond yields, profit-booking, tax revenues, Corporate results, tax collections, market news

Sebi eases investment norms for AIFs operating in IFSC

The market regulator's circular comes after it held consultations with stakeholders and decided to harmonise the provisions governing investments by AIFs incorporated in IFSC with those applicable to

Sebi, IFSC, Alternative Investment Funds, SME, domestic AIF, latest news on sebi News

Sensex rose nearly 1000 points in last two sessions; here are three key reasons

Reversing the bearish trends, the benchmark equity indices -- Sensex and Nifty -- rallied in the last two trading sessions with investors buying heavily across sectors and broader markets.

Sensex, FPI tax proposal, HCL Technologies, Tata Motors, Mahindra & Mahindra, Bajaj Auto, Index members News

Axis Bank settles debenture trustee norms violation case with SEBI

Axis Bank has settled a case related to an alleged violation of debenture trustee norms with Sebi, after paying Rs 2.43 crore towards settlement charges. 

Axis Bank, Axis Bank rating, axis bank annual report, earnings metrics, market news

Sensex posts first weekly gain after 5 weeks on FPI, LTCG tax removal buzz; Nifty above 11,100

The headline indices extended gains for the second straight session on Friday, helping the stock market to post their first ever weekly gains after 5 weeks.

Share Market Today, Share Market Live News

Canara Bank cuts lending rates by 10 basis points after RBI policy announcement

To pass on the benefit of reduction in interest rates effected by the RBI, Canara Bank has cut its marginal cost of fund-based lending rate (MCLR) by 10 basis points across all tenors, effective from

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Hindalco shares tumble 3% after decline in Apr-Jun profits

Shares of Hindalco Industries on Friday fell nearly 3 per cent after the company posted 27.9 per cent decline in consolidated profit for June quarter 2019.

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.75% to its lowest since January. (Representational image) News

Gold prices fall Rs 140, a day after hitting record high

Just a day after hitting a record high, gold on Friday fell Rs 140 but still remained above the Rs 38,000-mark at Rs 38,330 per 10 gram on account of easing in demand from jewellers.

gold, gold prices, pure gold, gold jewellery, Gold ETF, Sovereign Gold Bond, SGB, making charges, purity of gold, storage cost, making charges, demat News

YES Bank share price falls 9% after QIP launch

Shares of YES Bank fell 9 per cent in the intraday trade Friday after the private bank announced the opening of the qualified institutional placement (QIP) issue at a floor price of Rs 87.9 per equity

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UltraTech Cement shares surge 3.4% on robust Q1FY20 results; should you buy or sell stock?

The shares of cement manufacturing company UltraTech Cement soared more than 3 per cent after it reported robust Apr-Jun results. The company posted a 91 per cent increase in its net profits for the f

UltraTech Cement, UltraTech Cement profits, UltraTech Cement revenue, interest, tax, depreciation News

SIP strategy for retail investors: UTI MF manager explains when to increase allocation

At the current Nifty level of 11000, market is quoting at 17 times one year forward earnings which is slightly higher than the average valuations of the last 5 years, he says.

CaFE Invest News

Page Industries shares slump to 52-week low on Q1FY20 results

Shares of Page Industries slumped to a 52-week low on Friday after the company reported dismal quarterly results. The shares of Page Industries touched Rs 17,438.45 per share in the early trade, nearl

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.75% to its lowest since January. (Representational image) News

Trent raises over Rs 1,000 crore via preferential allotment of shares to Tata Sons

Trent operates over 140 Westside stores selling its own branded fashion apparel and 20 Zudio stores across 12 cities retailing fashion products.

Markets News

Oil dips amid trade worries, but expectations of more OPEC cuts support

Bloomberg reported that Washington was holding off a decision about licences for U.S. companies to restart business with Huawei Technologies.

Commodities News

Share Market highlights: Sensex ends 255 points up, Nifty above 11,100; Maruti Suzuki, VEDL top gainers

Share market highlights: After opening higher, the headline indices Sensex and Nifty extended gains on Friday morning, tracking global cues. The Sensex ended 255 points up to 37,582.

Sensex, FPI tax proposal, HCL Technologies, Tata Motors, Mahindra & Mahindra, Bajaj Auto, Index members News

Yen clings onto gains as US-China trade row supports safe-havens

On Wednesday, the dollar slumped to 105.50 yen, the lowest since the January flash crash. A break of this level suggests a move to 105.00 yen, analysts said.

Markets News

Asia stocks inch up but gains capped by fresh Sino-US trade worries

My hope is that the United States and China can find enough to agree on so that they can contain the push-and-shove that occurs when the emerging power meets the dominant power.

Markets News

Milk supply in Maharashtra disrupted due to floods

The Maharashtra Milk Producers and Processors Association, meanwhile, has stepped up efforts to ensure that the supply of milk in the state is not affected because of the floods that have hit western

Milk supply, maharashtra Milk supply, flood situation, Maharashtra floods, Cooperative Milk Producers Union News

Linking farmers to future market to benefit both

An early action by NCDEX, the premier agri futures exchange, in collaboration with Nabard, which is the main body promoting farmer producer organisations (FPOs), can bring rich dividends to farming co

farmers, future market, farmer benefit, farmer producer organisations, market News

Maharashtra onion growers to get Rs 387-crore subsidy dues

The government of Maharashtra approved a grant of Rs 387 crore for onion farmers in the state for the crop sold last year during the period when there was a sharp fall in prices.

Maharashtra, Maharashtra onion, government of Maharashtra, onion prices, Onion growers News

Affle makes strong debut with 17.5 per cent gains

The initial public offering (IPO) of Affle (India), which was subscribed over 86 times, made a high of Rs 958.3 and a low of Rs 751.05 during Thursday’s trading session on the BSE.

Affle, Affle india, Affle india IPO, initial public offering, BSE, trading season, market news

SIPs drive equity Mutual Funds’ stellar show

Market participants say inflows into equity funds were largely due to the rising contribution of systematic investment plans (SIPs) and several investors investing lump-sum amounts when markets were d

Mutual funds, MF, Motilal Oswal AMC, index funds,re-categorisation exercise, SEBI, TRI, fund manager, NFO, Bank Index Fund, Nifty 500 Index Fund,Nifty Small-cap 250 Index Fund News

Yes Bank fixes QIP floor price at Rs 87.90

Yes Bank also indicated that the committee at its discretion may offer a discount of not more than 5% on the floor price.

Yes Bank, Yes Bank floor price, capital raising committee, qualified institutional placement, yes bank board, market News

Analyst corner | ‘Buy’ on Aditya Birla Fashion, target price Rs 235

The company remains confident of medium-term margin expansion guidance of 10% (company-level Ebitda). We tweak our Ebitda estimates up by 1-2% (EPS higher by 5-7% due to change in depreciation policy)

Aditya Birla Fashion, lifestyle, EBITDA/PAT estimates, EBITDA margin, cost optimization News

Analyst corner | Maintain ‘hold’ on Cipla, target price at Rs 500

The tender business which accounts for ~30% of exports revenue declined 27% YoY, on continuing headwinds from lack of funding by global funds in malaria & ARV, accompanied by pricing pressure amid ris

Edelweiss, cipla, branded business, challenging market conditions, South Africa private market News

Tata Capital plans to raise Rs 4,126 crore via NCDs

The issue is the second tranche and has the base issue size of Rs 500 crore with an option to retain over-subscription of up to Rs 3,626 crore, aggregating to Rs 4,126 crore.

Tata Capital, non-convertible debentures, NCDs, Axis Bank, company News
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