Avenue Supermarts slightly missed consensus estimates, posting net profit of Rs 322.7 crore (growing 47.5% y/y) for Q2, against consensus of Rs 343 crore. However, a favorable revenue mix resulted in better gross margins.
Foreign brokerages cut target price of these 6 cos after Q2 results; do you own any? FII remained net buyers in the last week as they bought equities worth Rs 3213.17 crore, while Domestic Institutional Investors (DII) also bought equities worth of Rs 2184.81 crore.
Avenue Supermarts falls 2% post Q2 nos; Citi maintains sell, cuts target to Rs 1,255/share Morgan Stanley said it remains underweight on Avenue Supermarts with a target of Rs 1,120 per share. Credit Suisse maintained its neutral call on the stock due to stretched valuations and retained its target of Rs 1,850 per share
Market Headstart: Nifty seen opening flat; Bharti Airtel, HUL top buys Trends on SGX Nifty indicate a flat opening for the broader index in India, with a 24 points loss or 0.21 percent. The Nifty futures were trading around 11,285-level on the Singaporean Exchange.
A morning walk down Dalal Street | Nifty may test 11,400 if it stays above 11,189; HUL in focus The critical support on downsides continues to remain around 11,090 levels, for short term traders, 11,189 which was the intraday low of Friday will be important.
'Don't expect a V-shaped recovery in economy, market; further re-rating difficult' FIIs are concerned about global slowdown due to US-China trade war, Brexit, geo-political issues and premium valuation in developed countries like the US, says Vinod Nair of Geojit Financial Services.
‘Equities can hit fresh high in Q4FY20, these 4 Nifty stocks may generate good returns’ Crude oil, currency prices, tensions in the Middle East and the US-China trade dispute will have a bearing but despite these risks, equities can post a strong rally, says Rajiv Singh.
'See Sensex at 43,000 by March, MSCI index rebalancing will attract more FIIs' Investors should to stay away from highly volatile stocks, where the news flow tends to shake the prices drastically every now and then, says Himanshu Gupta.
'Midcap, smallcaps look attractive after tax cut, but be selective as credit cycle yet to improve' If one does a straight translation of this 10 percent cut in the tax rate, one would be tempted to assume 12-14 percent higher growth for earnings.