INSUBCONTINENT EXCLUSIVE:
Good morning!
The domestic stock market on Friday showed early signs of a possible breakout from its consolidation range
maintained buy rating on KNR Constructions and cut target price to Rs 226 from Rs 333
The current lockdown is expected to negatively impact earnings in the near to medium term, said Kotak Securities
The brokerage has assumed order inflows of Rs 1,500 crore for FY20 against Rs 2,500 crore earlier and assumed order inflows of Rs 2,000
crore against Rs 3,000 crore estimated earlier
The brokerage said the upgrade reflects the correction in valuation multiples, strong liability franchise and a slightly different entry
point into this slowdown for the bank which should result in faster recovery in business momentum as it moves into a more normalised
The brokerage has revised its fair value to Rs 620 from Rs 740, cutting estimates by around 20-25 per cent to address these concerns
IndiGo could have large losses between the fourth quarter of Fy20 and the first half of FY21, eroding around 75 per cent of net worth, said
The brokerage has retained outperform rating on strong long-term growth across several parameters
Coal India's March performance was a tale of two extremes with production surging 7 per cent year-on-year to 84 MT, which is the highest
ever monthly level, and sales volume falling 10 per cent
The brokerage said it finds Coal India attractive due to sound balance sheet and undemanding valuations
and cut target price to Rs 310 from Rs 340
fitness is about 15 per cent of revenue
Maybank said the stock is trading below 2 standard deviations of its five-year mean
Strong management team and improving revenue mix keeps its well placed to capture demand, and client concentration risk is also declining,
The stock ended flat at Rs 226.25 on Wednesday.