China's tough rhetoric leaves trade talks with US in limbo

CLSA factored in volume growth for the rest of FY20 as the base is turning benign. Shares of Tata Motors rebounded nearly 3 percent intraday on July 26 after hitting a fresh nine-year low in early trade after a disappointing show in June quarter (Q1). Global brokerage houses are mixed in their opinion with CLSA cutting price target on the stock. The scrip touched an intraday low of Rs 138.15, the lowest level since February 2010, but rebounded to day's high of Rs 148.25 which could be due to the positive commentary by the management. At 1031 hours, Tata Motors was quoting at Rs 147.90, up 2.46 percent on the BSE. CLSA has a sell call on the stock and slashed price target to Rs 120 from Rs 140 per share after cutting FY20-21 EPS estimates by 9-31 percent as the company reported worst pre-exceptional loss-before tax in a decade. Also Read: Tata Motors’ weak Q1 shows it’s a falling knife; avoid Tata Motors, on July 25, posted a huge loss of Rs 3,698 crore in ...

The country's third-largest private sector lender by market capitalization is expected to report healthy year-on-year growth in profit and net interest income. Shares of Kotak Mahindra Bank fell more than 3 percent intraday on July 22 despite brokerages indicating the lender is expected to report healthy numbers for the June quarter. The sharp fall could be attributed to correction in other major lenders like HDFC Bank and RBL Bank. The failure or default on repayment of interest on debts by select major corporates raised concerns over expected asset quality in coming quarters. The stock was quoting at Rs 1,460.25, down Rs 39.55, or 2.64 percent on the BSE at 13:02 hours IST. Country's third-largest private sector lender by market capitalization is expected to report healthy year-on-year growth in profit and net interest income, with stable asset quality on sequentially in Q1. Profit growth in Q1 could be up to 40 percent on fall in provisions, and...

CRISIL has reaffirmed the highest rating, A1+ to Piramal Capital and Housing Finance (PCHFL) for a commercial paper program worth Rs 10,500 crore Piramal Enterprises shares rallied 6.4 percent intraday on July 15 after CRISIL reaffirmed its highest rating to the commercial paper of company's subsidiary. The rating agency has evaluated the business and financial risk profile of the overall financial services business, and also factored the managerial and financial risk profile of the holding company, Piramal Enterprises' (PEL) lending book. CRISIL has reaffirmed the highest rating, A1+ to Piramal Capital and Housing Finance (PCHFL) for the commercial paper program worth Rs 10,500 crore. "The rating reaffirms the company's robust business portfolio, diversified revenue streams and established a presence across the spectrum of real estate financing along with increased product offerings," PCHFL said. Over the last nine months, in line with e...

Aditya Birla Fashion | Brigade Enterprises | Capacite Infraprojects | Tata Metaliks | Automotive Stampings and Greaves Cotton are stocks which are in the news today. Results on July 16: HDFC Asset Management Company, TV18 Broadcast, Network18 Media & Investments, Next Mediaworks, Federal Bank, Agro Tech Foods, DCB Bank, 5Paisa Capital, Jay Bharat Maruti, Vikas Molycorp Automotive Stampings and Assemblies Q1: Loss at Rs 9.5 crore versus loss Rs 5.93 crore; revenue rises to Rs 120.34 crore versus Rs 111.5 crore YoY. Cummins India: Sandeep Sinha resigns as Managing Director w.e.f August 17 Tata Metaliks Q1: Profit declines to Rs 19.62 crore versus Rs 30.39 crore; revenue rises to Rs 499 crore versus Rs 467.54 crore YoY. Brigade Enterprises: Company recommended issue of bonus shares in the ratio of 1:2 and to issue 42.75 lakh warrants convertible into 42.75 lakh shares at Rs 269 per share to the promoter group. Jindal Cotex: Company appointed Kanik Shar...

सरकार ने 2019-20 में 1 लाख 5 हजार करोड़ रुपये विनिवेश से प्राप्त करने का लक्ष्य रखा।- वित्त मंत्री महिला स्वयं सहायता समूह योजना को देश के हर जिले में शुरू किया जाएगा।- वित्त मंत्री महात्मा गांधी के मूल्यों से युवाओं को अवगत कराने के लिए 'गांधीपीडिया' होगा तैयार: वित्त मंत्री बुनियादी सुविधाओं के विकास के लिए केंद्र सरकार अगले 5 साल में 100 लाख करोड़ रुपये का निवेश करेगी।- वित्त मंत्री बीते 4 सालों में 4 लाख करोड़ रुपये के एनपीए की रिकवरी की गई है। बीते एक साल में एनपीए घटकर 1 लाख करोड़ रुपये रह गया है।- निर्मला सीतारमण प्रवासी भारतीयों को स्वदेश वापसी के तत्काल बाद आधार कार्ड दिया जाएगा। अब तक 180 दिन करना पड़ता था इंतजार।- वित्त मंत्री यूथ, ऐजुकेशन पर बड़ी बातें सार्वजनिक क्षेत्र के बैंको को ऋण संबंधी जरूरतों के लिए 70,000 करोड़ रुपये और उपलब्ध कराए जाने का प्रस्ताव। उन देशों में भारतीय दूतावास स्थापित होंगे, जहां अब तक नहीं था भारत का कोई राजनयिक मिशन।- निर्मला सीतारमण खेलो इंडिया स्कीम के तहत नैशनल स्पोर्ट्स एजुकेशन बोर्ड की होगी शु...

Today, USD-INR pair is expected to quote in the range of 69.40 and 69.90, says Motilal Oswal. The Indian rupee opened lower at 69.40 per dollar on Wednesday against Tuesday's close of 69.34. On June 25 the domestic currency ended flat at 69.36 against the US dollar as geopolitical tensions in the Middle East dampened forex market sentiment. Rupee consolidated in a narrow range despite volatility in major crosses on the global front and in the next couple of session’s market participants will be a little cautious ahead of the important G20 meeting that is scheduled this weekend, said Motilal Oswal. The dollar rose against its major crosses after remaining under pressure in the last few sessions after the Fed Chairman pushed back on market expectations and presidential pressure for the central bank to deliver a significant U.S. interest rate cut of half a percentage point as soon as its next meeting. The Fed Chairman said that he and his colleagues are currently...

A sharp decline in VIX has given comfort to bulls with stability into the market, experts said There were no Monday blues for sure on D-St – it was indeed a blockbuster day for Indian markets. The best day for Sensex, Nifty in the past 10 years. Both Sensex and Nifty surpassed their crucial resistance levels to hit fresh closing high on Monday Investors’ wealth rose by more than Rs 5 lakh crore in just one session. The average market capitalization of the BSE listed companies rose to Rs 151.93 lakh crore on May 20 compared to Rs 146.58 lakh crore recorded on May 17, Friday. Nifty Bank hit a record high of 30,827 before closing the day at 30,759, up 1,309 points. Strong gains were seen in stocks like Bank of Baroda (up 9.4 percent), IndusInd Bank (up 8.8 percent), SBI (up 7.9 percent) and Yes Bank (7 percent). More than 50 stock hit a 52-week high on the BSE that include Bajaj Finserv, Shree Cements, Bajaj Finance, HDFC Bank, HDFC, Kotak Bank, Titan Company, Axis B...

Most brokerages maintained a rating on Bajaj Finance post-March quarter results but raised target price up to Rs 3,600. That's an upside of over 10 percent from the current level. Most brokerage firms maintained their rating on Bajaj Finance, post-March quarter results, but raised their target prices up to Rs 3,600, which translates into an upside of over 10 percent from the current levels. The stock hit a fresh 52-week high of Rs 3,246.85 on Friday, rallying nearly 17 percent so far in 2019 and over 60 percent over the last year. Bajaj Finance on May 16 reported a 50 percent jump in its standalone net profit at Rs 1,114 crore for January-March. It had posted a profit of Rs 743 crore in the same quarter a year ago. Total income during the quarter under review rose to Rs 4,887.76 crore, from Rs 3,424.99 crore in the year-ago period, the company said in a regulatory filing. Jefferies maintained a buy rating on Bajaj Finance, post Q4 results, but raised its t...