21, Sep, 2019
Buy Jindal Steel and Power; target of Rs 217: Motilal Oswal

Stock Market

Recently there was turmoil in some stocks due to high pledge shareholding by promoters. Pledging of shares is not essentially considered bad or should not be taken in a negative way but fierce selling in stocks from Reliance ADAG, Essel Group (including Zee Ent) and Apollo Hospitals in the recent past has […]

  Volumes driven by M&HCV, LCV: Volumes grew ~27% YoY (+23% QoQ), led by M&HCV (volumes up 22% YoY) and LCV (volumes up 42% YoY) segments. Realization declined 1.3% QoQ (-1.2% YoY) to INR1.46m/unit (our estimate: ~INR1.48m), reflecting a weaker mix. Revenue grew 25% YoY (+22% QoQ) to INR76b (our […]

An ugly start to European trading pushed world shares towards their lowest level in a year on Tuesday, as negative drivers from Saudi Arabia’s diplomatic isolation to worries about Italy’s finances and trade wars piled on the pressure. Selling escalated from Wall Street into a heavy selloff in Asia before […]