UBS has downgraded its rating on HDFC Bank to neutral from its previous buy, and cut its target price to Rs 1,000 from Rs 1,075. UBS analysts note risks to HDFC Bank from its MSME business customers due to the pandemic.
Market closed lower in today's trading. Nifty 50 closed at 9174.00 (-139.9, -1.5%) , BSE Sensex closed at 31327.22 (-535.9, -1.7%) while the broader Nifty 500 closed at 7505.55 (-119.8, -1.6%). Market breadth is sharply down. Of the 1617 stocks traded today, 391 were gainers and 1170 were losers.
🔹Crisil's Analyst Presentation on its Q1 performance.
🔹Infibeam, Aegis Logistics saw big jumps in share price today gaining over 9% each.
🔹Century Plyboards is among companies that have filed applications before the commerce ministry's probing arm DGTR requesting anti-dumping investigation on imports of boards from East Asia.
🔹Screener: Eight stocks have announced results so far showing rising operating margin and YoY profit growth (subscription screener).
🔹Tata Motors says that JLR factories in Europe, which were closed under lockdown guidelines, are set to partly resume production on May 18.
🔹Britannia Industries is up after the company declared an interim dividend Rs 35 per equity share of face value of Re 1 each.
🔹Mahindra CIE is lower after a weak quarter performance. Bharti Infratel delivered both YoY revenue and net profit growth. See the full Results Dashboard.
🔹Indian markets are lower in morning trade. Nifty 50 was trading at 9167.10 (-146.8, -1.6%) , BSE Sensex was trading at 31403.49 (-459.6, -1.4%) while the broader Nifty 500 was trading at 7515.70 (-109.6, -1.4%). Market breadth is sharply down. Of the 1420 stocks traded today, 394 showed gains, and 957 showed losses.
Market closed lower in today's trading. Nifty 50 closed at 9174.00 (-139.9, -1.5%) , BSE Sensex closed at 31327.22 (-535.9, -1.7%) while the broader Nifty 500 closed at 7505.55 (-119.8, -1.6%). Market breadth is sharply down. Of the 1617 stocks traded today, 391 were gainers and 1170 were losers.
🔹Crisil's Analyst Presentation on its Q1 performance.
🔹Infibeam, Aegis Logistics saw big jumps in share price today gaining over 9% each.
🔹Century Plyboards is among companies that have filed applications before the commerce ministry's probing arm DGTR requesting anti-dumping investigation on imports of boards from East Asia.
🔹Screener: Eight stocks have announced results so far showing rising operating margin and YoY profit growth (subscription screener).
🔹Tata Motors says that JLR factories in Europe, which were closed under lockdown guidelines, are set to partly resume production on May 18.
🔹Britannia Industries is up after the company declared an interim dividend Rs 35 per equity share of face value of Re 1 each.
🔹Mahindra CIE is lower after a weak quarter performance. Bharti Infratel delivered both YoY revenue and net profit growth. See the full Results Dashboard.
🔹Indian markets are lower in morning trade. Nifty 50 was trading at 9167.10 (-146.8, -1.6%) , BSE Sensex was trading at 31403.49 (-459.6, -1.4%) while the broader Nifty 500 was trading at 7515.70 (-109.6, -1.4%). Market breadth is sharply down. Of the 1420 stocks traded today, 394 showed gains, and 957 showed losses.
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