Profit street blog | stock and commodity market news

Brokerage: Morgan Stanley | Rating: Overweight | Target: Rs 242 The global research firm said that the company’s Q4 beat and new launches will drive growth going forward. It observed that it has a balanced portfolio of rental and development projects with good scale up potentials. The margin too is expanding on the back of cost reductions and sales recovery, but the debt may increase marginally to 1.15 times from 1.11 times in FY17. Key risks to the stock include blocked capital in hotel assets and stretched balance sheet. Brokerage: CLSA | Rating: Buy | Target: Rs 318 The brokerage observed that the company’s results were above estimates on better revenues. It said that the leasing build-out was steady and expects 20 percent lease income growth in FY18. Furthermore, it said that restructuring was nearing completion stage as well. United Spirits Brokerage: Macquarie | Rating: Underperform | Target: Rs 1,600 The brokerage firm observed that March quarter’s gros...

3.30 pm: Sensex closed at 30,256.65, surging 323.40 points (1.08%) Nifty50 closed at 9,409.85, 93.00 points higher (1.00%) Major movers today were fertilizer and FMCG stocks on the back of news of a good monsoon. Airtel added 7.96 per cent to the BSE. Hindustan Unilever gained as much as 4.32 per cent. 3.10 pm: Indian benchmark indices held on to their gains throughout the day hit new highs including the Nifty touching the 9,400-mark for the first time. Market rally can be credited to IMD's new monsoon forecast raised prospects of higher agricultural and economic growth, cheering the investors. India is likely to receive higher monsoon rainfall than previously forecast as concern over the El Nino weather condition has eased, the chief of the weather office said on Tuesday. Sentiment was also lifter by Asian stocks, which edged higher for a third consecutive day, as investors focused on strong corporate earnings and the dollar gave back some of its recent g...

नॉन परफार्मिंग आसेट ( एनपीए ) की समस् ‍ या के बाद भी पिछले कुछ समय से बैंकों के शेयरों में तेजी बनी हुई है। इससे म् ‍ युचुअल फंड की बैंक फोकस स् ‍ कीम् ‍ स का रिटर्न पिछले एक साल में 62 फीसदी से ज् ‍ यादा का हो गया है। जानकारों की राय है सरकार ने एनपीए की समस् ‍ या से निपटने के लिए कड़े फैसले लिए है। इससे बैंकिंग क्षेत्र को फायदा होगा , जिससे बैंकिंग शेयरों में तेजी बनी रह सकती है। ऐसे में अगर कोई बैंकिंग फोकस म् ‍ युचुअल फंड स् ‍ कीम् ‍ स में इनवेस्टिड रहता है , तो उसे आगे अच् ‍ छा रिटर्न मिल सकता है। हालांकि निवेशकों को 62 फीसदी जैसे रिटर्न की आशा नहीं रखनी चाहिए।   बैंकिंग सेक्टर में जारी रहेगा तेजी का दौर शेयरखान में वाइस प्रेसीडेंट मृदुल कुमार वर्मा का मानना है कि एक तो बैंकिंग सेक्टर का एनपीए काबू में आता लग रहा है। इसके अलावा सरकार की सख्ती बैंकों को इस मुद्दे को डील करने के लिए और ताकत देगी। इससे बैंकिंग सेक्टर निवेश ...

In an interview with Nikunj Dalmia and Ayesha Faridi of ET Now, Nilesh Shah, MD, Kotak AMC, points out that today India is in a sweet spot and people are positive India on a top-down basis. All they need is an anchor to pick up stocks on a bottom-up basis. Just a little amazed with the way realty has been moving. It has been a great performer all of last year and it continues to be so. Do you have conviction in real estate and for someone who has completely missed out on the rally, is there still time to jump in and hop on to the bus? When you come down from100 to 10, it is a drop of 90% and then you climb from 10 to 20, it is a gain of 100%. But you are still down 80% from the top. Probably something similar is happening in real estate stocks. There was a time when only one real estate company’s market cap in 2008 was bigger than entire pharma sector’s valuation. Today the tide has reversed. Just one pharma company’s valuation is bigger than entire real estate sector put togethe...

The united states's greatest lender SBI nowadays mentioned it's going to raise USD 1.5 billion from in another country bonds in a number of tranches to fund trade expansion. the chief Committee of imperative board authorized "the issuance of Reg-S/ stand by myself rule 144A senior unsecured debt up to USD 1.5 billion in multiple tranches or currencies with tenor not exceeding 5.5 years all over present yr and 2017-18," SBI mentioned in a regulatory submitting to inventory exchanges. It additionally cleared thought to problem and allot thirteen.63 crore shares of the SBI to eligible shareholders of SBBJ, SBM and SBT and to the government of India for shareholding in Bhartiya Mahila bank with regards to orders issued via executive of India, it mentioned. The merger process of the mates banks -- State bank of Bikaner and Jaipur (SBBJ), State bank of Mysore (SBM), State financial institution of Travancore (SBT), State financial institution of Patiala (SBP) and St...

The INDIA VIX is down 2.9% at 11.9. S&P BSE Sensex is buying and selling at 29265 up ninety seven points, while NSE Nifty is buying and selling at 9085 up fifty five factors. a total of 59 shares registered a fresh 52-week excessive in trade these days, whereas 28 stocks touched a brand new 52-week low on the NSE. metallic stock are buzzing on bourses, Hindustan Zinc is up by using 2.7%, Vedanta steel is up with the aid of 1.9%, Coal India is up by means of 1.three%, NMDC is up by using 1.2% and Tata steel is up by zero.9% on Thursday's. while JSW steel is the only inventory in the BSE metal index trading in red and is down by zero.03% At three PM, the S&P BSE Sensex is buying and selling at 29265 up ninety seven points, while NSE Nifty is buying and selling at 9085 up 55 points. a complete of fifty nine shares registered a contemporary fifty two-week excessive in change nowadays, whereas 28 shares touched a new 52-week low on the NSE. The BSE Mid-cap Index is tradi...

US markets fell in overnight exchange on doubts over the supply of tax cuts as promised by the Trump administration. the worldwide market setup is susceptible and the domestic market looks poised to peer a poor start. Let’s check up on what all would possibly topic to Dalal street on Wednesday: Cues from Singapore poor At 6.30 am, Nifty50 futures on the Singapore stock alternate were buying and selling 43 points decrease at 9,108.50, indicating a bad opening for the domestic market. Nifty50 varieties 'Hammer' sample As is the case in most cases, in a `Hammer' pattern the true physique's height was once 1/2 the scale of the decrease wick. Sameet Chavan, Chief Analyst for Technical & Derivatives at Angel Broking, mentioned the index managed to shut above the psychological mark of 9,100 and the important near-term strengthen of at its 5-day EMA, which augurs well for the index going ahead. “The index should ideally resume its upward development on Wed...