Sakshi Batra does a 3-Point Analysis of the earnings fineprint and shares an outlook on the stock.
The company retails ready-made garments for men and boys such as shirts, trousers, t-shirts, jackets and sweaters under the Indian Terrain brand
NCC, in a BSE filing, on October 10 said India Ratings and Research (Ind-Ra) has placed its long-term issuer rating of 'IND A', on rating watch negative (RWN). The outlook on the earlier rating was stable.
IndusInd Bank's profit during the quarter declined to Rs 1,383.37 crore compared to Rs 1,432.5 crore reported in June quarter, on year-on-year (YoY) basis it jumped 69 percent.
Jefferies has a buy call on the stock but the brokerage has cut the target price to Rs 2,300 from Rs 2,500 earlier, citing that the weak Q2 signals a single-digit growth in FY20.
Of this 26 percent stake, PremjiInvest -- the family office of Wipro founder Azim Premji -- is likely to pick up a higher stake than Warburg Pincus and may get a board seat as part of this proposed transaction.
Banga noted that a large number of people including several quarters of the media believed that the merger will not go through.
The company revenue was down 10.6 percent at Rs 101.5 crore against Rs 113.5 crore, while EBITDA loss was at Rs 9.7 crore against Rs 1.2 crore, YoY.
A couple of days ago, Central Depository Services (CDSL) had frozen the promoter shareholding of the debt-ridden mortgage lender due to delay in the announcement of the company's financial earnings
Sobti, who turns 70 in March 2020, has been the bank’s CEO since FY08. Reserve Bank of India (RBI) norms stipulate 70 as retirement age for managing directors at banks
DHFL | Aurobindo Pharma | SJVN | Tata Motors | Titan | TCS | NMDC and Minda Industries are among the stocks which are in news today.
More than 50 percent of the companies on BSE500 and 18 companies in Nifty50 have given negative returns.
This rate cut means that the Monetary Policy Committee has cut the repo rate by 135 basis points in 2019.
CNBC TV18 reported that the company's unit-7 was inspected from September 19-27 by USFDA, which issued seven observations, including failure to thoroughly review any unexplained discrepancy.
Indian markets have taken cues from global markets have been in the negative for four consecutive days
IndusInd Bank has had significant recoveries in some stressed accounts, while exposures in various sectors remained pretty much constant, says CEO Romesh Sobti
Citi has maintained a buy rating on BPCL, putting the company on top of pecking order of the oil marketing companies.
Chairman Subhash Chandra has said Essel Group is strong and would sail through this difficult time.
Citi maintained a buy recommendation on the stock but pared the target price to Rs 180 from Rs 200.
Morgan Stanley has cut the target price to Rs 28 from Rs 82 earlier, citing elevated working capital forced it to re-evaluate the valuation benchmark.