MARKET WRAP: Sensex slips 196 pts, Nifty gives up 11,200; auto stocks skid
Shares of automobile manufacturers crashed at the bourses on Monday after reports said that the government intended to hike registration and renewal charges for internal combustion vehicles
9:28 AM
Vodafone Idea plunges over 11% after weak Q1 nos
-- Trades near its 52-week low
-- India's largest telecom operator Vodafone Idea on Friday reported a consolidated net loss of Rs 4,873.9 crore for the quarter ended June 30, 2019 (Q1FY20). It had reported a profit of Rs 257 crore in the corresponding quarter of the last year.
-- India's largest telecom operator Vodafone Idea on Friday reported a consolidated net loss of Rs 4,873.9 crore for the quarter ended June 30, 2019 (Q1FY20). It had reported a profit of Rs 257 crore in the corresponding quarter of the last year.
9:27 AM
TVS Motors falls 3%
9:26 AM
Auto stocks slips after govt reduces GST on Electric Vehicles
9:25 AM
IDFC First Bank slips over 1% in early trade
9:24 AM
Broader Market Check
9:24 AM
PNB Housing Finance trades over 2% lower
9:23 AM
Granules India trades flat with positive bias
-- USFDA has completed inspection at the company's Bonthapally facility located at Hyderabad with with one(1) 483 observation which is procedural in nature.
9:22 AM
Vedanta trades over 1%lower on weak Q1 nos
-- Vedanta posted an 11.9 per cent year-on-year (YoY) fall in its June quarter (Q1FY20) net profit at Rs 1,351 crore, down from Rs 1,533 crore.
9:20 AM
Result Impact | ICICI Bank opens over 3% higher
9:20 AM
Indiabulls Housing Fin opens 6% lower on allegations of Rs 1 lakh crore worth fraud
-- BJP Leader Subramanian Swamy sent a letter to PM Modi, accusing the Indiabulls group of Rs 1 lakh crore worth fraud. The company has denied any wrongdoing.
9:18 AM
Sectoral trends at NSE during opening trade
9:18 AM
Top gainers and losers on S&P BSE Sensex during opening trade
9:17 AM
Market at Open
9:16 AM
Market at Open
9:08 AM
Motilal Oswal Financial Services on Bajaj Finance
Outlook: Neutral
CMP: Rs 3,266
TP: Rs 3,550
CMP: Rs 3,266
TP: Rs 3,550
BAF has maintained its robust growth trajectory, with deepening geographical penetration and increasing repeat business. Over the past two years, it has also enhanced its capabilities on two fronts – generating higher fee income and improving the deposit franchise. We expect the improving deposit franchise to be a key driver for incremental liabilities over the next few years. Given its parentage and AAA-credit rating, BAF has comfortably sailed through the recent liquidity crisis and maintained strong growth rates. However, the recent asset quality concerns in certain products might cause some slowdown in loan growth. We expect AUM growth of 30% YoY for FY20 v/s 38% CAGR over past three years. We largely maintain our estimates. Neutral with a TP of INR3,550 (7x FY21E BVPS).
Topics : Markets MARKET WRAP
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First Published: Jul 29 2019 | 7:06 AM IST