Sensex ends lacklustre trade 272 pts up; Nifty tops 14,700; metal, IT rally

The benchmark S&P BSE Sensex swung within a band of 400 points, hitting a high and low of 49,011 and 48,614 levels, respectively

1:57 PM

Hero MotoCorp Q4 preview

Analysts see up to 60% YoY rise in Ebitda
HeroMoto Corp, slated to report its March quarter results (Q4FY21) on May 6, is expected to post nearly 60 per cent year-on-year growth in earnings before interest, tax, depreciation, and amortization (Ebitda) aided by healthy sales volume and low base effect. However, price hikes taken due to BS-VI transition and to off-set increase in input costs may not be enough to cushion Ebitda margin hit, say analysts. READ MORE

Photo: Shutterstock

1:54 PM

KNIGHT FRANK PRIME GLOBAL CITIES INDEX Q1-2020

(RANKED BY ANNUAL % CHANGE)

 

1:52 PM

Kotak Institutional Equities on Varun Beverages

1:51 PM

Centrum on Ashok Leyland

We initiate coverage on Ashok Leyland (AL) with a BUY rating and a one year target price of Rs161 as we believe that the CV industry is getting into an economic recovery led upcycle for the next 2-3 years. CV industry declined by 29%/21% in FY19/FY20 pushing the sales down to a decade low levels. 

 

Our target price is based on 15.5x FY23E EV/EBITDA which is its long term average. A pandemic led slower than expected economic recovery is the main risk to our estimates.

 

1:51 PM

Anand Rathi on Godrej Properties

1:50 PM

INTERVIEW OF THE DAY :: Marc Faber, Editor and Publisher of The Gloom, Boom & Doom Report

In the last five years, growth stocks have outperformed value stocks. And I think we are now coming to a stage where value stocks will outperform growth stocks going ahead. That said, in India, some stocks are still not very expensive. Among the lot, I find bank stocks to be very expensive in India FULL INTERVIEW HERE

Marc Faber

1:47 PM

From the research vault...Buy, sell or hold?

Are you looking fo rthe latest reserach report from a leading brokerage on your favourite stock? Your search ends now. CLICK HERE and get access to all the latest reports across companeis and sectors from top research and broking houses in the country

1:43 PM

BSE 500 :: Hourly gainers

COMPANY	PRICE AT
	13:00	13:34	GAIN(RS)	GAIN(%)	LATEST
Sundram Fasten.	729.00	749.00	20.00	2.74	749.00
Netwrk.18 Media	39.10	40.10	1.00	2.56	40.10
TV18 Broadcast	34.35	35.20	0.85	2.47	35.20
Thermax	1488.65	1522.85	34.20	2.30	1522.85
Varroc Engineer	377.95	386.15	8.20	2.17	386.15

1:41 PM

MUST READ :: Parekh brings Infosys back to a position where it is bagging large deals

It has been a little over three years since Salil Parekh, CEO of Infosys, unveiled his strategic review and came out with a strategy that had four core focus areas: Agile Digital Business, Energise the core, Reskilling and Localisation. Take any of the parameters, since Parekh took over, all have improved and brought the company back to a position where it is bagging large deals. FULL STORY HERE

1:35 PM

IIFL on L&T Infotech (LTI)

The company expects the growth momentum to continue and aspires to be in the industry growth leadership quadrant in FY22. Margins would be under pressure, given the second round of wage hikes, increased hiring and investments. We forecast 15% USD revenue Cagr over FY21-23ii led by LTI’s superior execution capabilities. We cut FY22ii-23ii EPS by 1-3% and our 12-mth TP to Rs3,950, based on 25x 2YF EPS. The stock justifiably trades at a premium to midcap peers. ADD.

1:33 PM

Jefferies on Tata Steel

1:33 PM

Angel Broking zooms 20% post March quarter results; stock up 77% in a month

Shares of Angel Broking were locked in the upper circuit of 20 per cent at Rs 512.20 on the National Stock Exchange (NSE) in Thursday's trade after the company reported a healthy 39 per cent quarter-on-quarter (QoQ) jump in its consolidated net profit at Rs 102 crore in the March quarter (Q4FY21) on the back of strong operational income. READ MORE

1:30 PM

SECTOR WATCH:: IT stocks gain momentum

Company	LATEST(rs)	CHG(%)
Wipro	510.50	4.01
Firstsour.Solu.	131.80	3.37
HCL Technologies	921.00	1.24
Infosys	1361.85	1.51
TCS	3127.45	1.00

1:24 PM

Nifty sectoral indices at this hour

1:13 PM

MARCH QUARTER RESULTS :: Caplin Point

>> Consolidated PAT at Rs 67.92 cr vs Rs 48.86 cr YoY; up 39%

 

>> Consolidated Operating Revenue at Rs 278.71 cr vs Rs 215.23 cr YoY; up 29.5%

 

>> Consolidated EBITDA at Rs 95.15 cr vs Rs 73.44 cr YoY

 

>> Declared an Interim Dividend of Rs 1.50