Page 2378 - Markets News

SKF India may face pressure on revenues and margins amid weak demand

Trading at 30x its FY21 earnings, there is limited upside

Markets may fall further as coronavirus fears intensify; Dow falls 950 pts

The US stocks pared early losses, after the initial surge in angst (over the virus spread) that pushed US indices to their four-month lows. Bond yields remained at unprecedented levels.

Amid economic slowdown, volume recovery key for pricey Page Industries

Due to lack of near-term growth visibility and post a weak Q3, analysts have slashed their FY21 earnings estimates by 10-16 per cent

Coronavirus: Wall Street opens in red, Dow falls 1.6%; S&P 500 down 1.7%

The Nasdaq Composite dropped 236.74 points, or 2.64%, to 8,744.03 at the opening bell

Sebi's Ajay Tyagi stands out for his balanced view as his term comes to end

Tyagi also had to struggle to preserve the autonomy of the market regulator

Market Wrap, Feb 27: Sensex slips 143 pts, Nifty ends at 11,633

Among sectoral indices, barring Pharma and FMCG, all the other indices ended in the red with media and PSU Bank stocks taking the biggest knock

F&O expiry: Sensex slips 143 pts, Nifty ends at 11,633; pharma stocks gain

All that happened in markets today

Select PSU stocks rebound; Mishra Dhatu Nigam zooms 29% from day's low

Midhani hit the upper circuit of 20 per cent at Rs 253, also its new high on the BSE on Thursday on heavy volumes. In the process, it surpassed its previous high of Rs 249

SBI Cards IPO: Why analysts suggest subscribing despite rich valuation

Siddharth Purohit of SMC Global Securities believes that given the stable RoE of 30% valuation, in terms of P/E ratio is likely to come down to 31x and 22x in FY21 and FY22, respectively from 43x.

IndusInd Bank hits fresh 3-year low after clarification on new CEO

In the past two months, IndusInd Bank has plunged 28 per cent at the bouses on account of the risk of further asset quality deterioration. In comparison, the S&P BSE Sensex has gained 5 per cent

Graphite India hits 30-month low, tanks 25% in 5 weeks on weak Q3 results

Thus far in the financial year 2019-20 (FY20), the Graphite India's stock has tumbled 46 per cent against 3 per cent rise in the S&P BSE Sensex

Cipla down 8% in 5 days, nears 52-week low on warning letter for Goa plant

The Company said it remains committed to maintain the highest standards of compliance and will work closely with the agency to comprehensively address all the observations.

RITES shares tumble 6% as OFS opens for non-retail investors

The company said the offer was being undertaken for achieving the minimum public shareholding of the Company as per the Sebi norms

Aarti Drugs nears 5-year high; stock rallies 26% in 5 days in a weak market

Analysts believe the firm's API business will continue its growth momentum driven by capacity expansion and gain in market share in existing products

Mahindra CIE Automotive slips over 8% post December quarter results

Total consolidated revenue slipped 13 per cent to Rs 1,729 crore YoY.

Stocks to watch: Apollo Tyres, India Cements, HUL, GSK Consumer, IDBI Bank

Here's a look at the top stocks that may remain in focus today

Five basic tools to spot bearish reversals or downtrend in trading

While news-driven movement in markets can be a bit difficult to gauge, but how the markets play out over a few sessions can be plotted on the charts to ascertain the overall trend

Market Ahead, February 27: Top factors that could guide markets today

Adding to the cautious mood on the Dalal Street will be the expiry of the February series derivative contracts today and the release of the Q3 GDP data tomorrow

Today's picks: From Hindalco to ITC, hot stocks to watch on Thursday

For ITC, keep a stop at 196.5 and go long

Exchanges can offer direct mutual fund plans after approval from Sebi

"This is expected to provide level playing field to exchange MF distribution platforms vis-a-vis MF utility," said Ganesh Ram , Head of BSE Star MF