The Index has taken resistance from 61.80% retracement level – Choice Broking

Nifty Outlook * On a daily chart, Index has opened on red note at 12012.55 at intraday high and showed massive selling through out the session and closed with a loss of 251.08 points at 11829.40 level. * On a Daily Chart, The Index has given the breakdown of 61.80% Fibonacci retracement level i.e. 11850 … Read more The Index has taken resistance from 61.80% retracement level – Choice Broking

Otis to supply elevators for Bengaluru Metro`s phase two

Global elevator, escalator and moving walkway manufacturer Otis won a deal from Bengaluru Metro to supply 112 elevators for its second phase, the company said on Monday. “This project (deal) reflects our deep commitment to the ‘Make in India’ initiative. Further, our units will help keep the people of India moving,” said Otis India President … Read more Otis to supply elevators for Bengaluru Metro`s phase two

Buy Marico Ltd For Target Rs.353 – Geojit Financial

Margins up; Compelling valuation Headquartered in Mumbai, Marico Limited is a leading Indian FMCG company with exports to over 25 countries. The company’s product portfolio includes brands such as Parachute, Saffola, and Livon. * Revenues declined 2.0% YoY to Rs. 1,824cr in Q3FY20, due to lower domestic volumes across the categories, offset by International market … Read more Buy Marico Ltd For Target Rs.353 – Geojit Financial

Rupee closed at 71.64 a dollar, down 10 paise against its previous close of 71.54 – Geojit Financial

News Box * Rupee closed at 71.64 a dollar, down 10 paise against its previous close of 71.54. * FBIL set the reference rate for USD at 71.5899 and Euro at 77.2522. * South Korea’s won is the worst performing Asian currency this week as a sharp rise in coronavirus cases in the country heightened … Read more Rupee closed at 71.64 a dollar, down 10 paise against its previous close of 71.54 – Geojit Financial

Exclusive: If Lebanon needs financial aid, France will be there, finance minister says

By Stephen Kalin RIYADH – France is ready to support Lebanon financially – bilaterally or multilaterally – its finance minister said on Sunday, warning against mixing economic recovery in the small Mediterranean state with U.S.-led efforts to counter Iran in the region. “France always stands ready to help Lebanon. It has always been the case … Read more Exclusive: If Lebanon needs financial aid, France will be there, finance minister says

Rs 2L award to 9th Std TN student to visit NASA

Tamil Nadu Chief Minister K. Palaniswami on Sunday announced a cash award of Rs 2 lakh to V. Abhinaya, a ninth standard student selected to visit the US space agency NASA and also attend a space seminar there. In a statement issued here, Palaniswami said Abhinaya cleared the test conducted by private companies based in … Read more Rs 2L award to 9th Std TN student to visit NASA

Buy Gold Apr 2020 @ 42500 SL 42250 TGT 42780-42900.MCX – Kedia Commodity

Gold * Gold trading range for the day is 41975-43135. * Gold gained about 3.9% in the week holding to its highest in 7yrs as the spread of the coronavirus * Virus outbreak is having an influence on economic activity, and the markets are focusing new cases. * Citi Bank has said it could reach … Read more Buy Gold Apr 2020 @ 42500 SL 42250 TGT 42780-42900.MCX – Kedia Commodity

Sale of Tibetan pill used to prevent infectious diseases stopped

In the wake of directions from the health authorities, the sale of a traditional Tibetan medicine that supposedly prevents the spread of infectious diseases, including coronavirus, has been stopped. Men-Tsee-Khang, the Tibetan medical and astro institute in this Himachal Pradesh town, was directed by the government to stop the sale of ‘Rimsung Rilbu’ so as … Read more Sale of Tibetan pill used to prevent infectious diseases stopped

Hold Gujarat Gas Ltd For Target Rs. 280 – Emkay Global

Stable earnings but positives priced in; downgrade to Hold * Gujarat Gas (GGL) reported Q3 EBITDA/PAT of Rs3.71bn/1.97bn, up 15%/42% yoy, flat qoq and 7%/17% above our estimate due to better-than-expected margins, lower interest (down 12% qoq) and higher other income. The tax rate for Q3 was 25.3%. * Gas sales volumes were flat qoq … Read more Hold Gujarat Gas Ltd For Target Rs. 280 – Emkay Global

Neutral Gujarat Gas Ltd For Target Rs. 273 – HDFC Securities

Volumes below expectation We downgrade GGL to Neutral despite an in-line EBITDA/PAT in 3QFY20, owing to 5.9% lower volumes than anticipated. Our TP is Rs 273, 20x Dec-21x EPS, versus the consensus TP of Rs 267. HIGHLIGHTS OF THE QUARTER * Total volumes were 9.32mmscmd, (vs our est of 9.9) +42.1/-0.2% YoY/QoQ, largely led by … Read more Neutral Gujarat Gas Ltd For Target Rs. 273 – HDFC Securities

China`s passenger car sales tumble 92% in first half of February due to virus outbreak

BEIJING– Retail sales of passenger cars in China crumbled 92% on an annual basis in the first 16 days of February, according to China Passenger Car Association (CPCA), as the coronavirus outbreak slammed the brakes on businesses across the country. China’s passenger vehicle sales recorded 4,909 units in the first 16 days, down from 59,930 … Read more China`s passenger car sales tumble 92% in first half of February due to virus outbreak

Buy Pantaloons Fashion & Retail Ltd For Target Rs. 280 – Emkay Global

Impressive growth * Q3FY20 performance was impressive, with sales/comparable EBITDA growth of 12%/24%, ahead of estimates by 2%/8%. PBT grew 40% to Rs980mn, while deferred tax adjustment resulted in a net loss of Rs334mn. * Lifestyle/Pantaloons reported healthy LTL growth of 15%/5%. With stronger growth and profitability, management is now more confident and has become … Read more Buy Pantaloons Fashion & Retail Ltd For Target Rs. 280 – Emkay Global

Buy Multi Commodity Exchange Ltd Target Rs.1470 – Motilal Oswal

Gold and Crude volumes moderate Outlook remains largely unchanged; Reiterate Buy * 3QFY20 saw some moderation in gold and crude volumes after sharp increase during the last quarter. We remain confident on MCX’s ability to add new clients through various organic means. We remain positive on the execution despite volatility in underlying commodities. * Our … Read more Buy Multi Commodity Exchange Ltd Target Rs.1470 – Motilal Oswal

Coronavirus threatens Apple supply chain, sales; shares drop

Shares of Apple Inc fell 2 % on Tuesday and dragged the stocks of its suppliers across the globe lower, after the iPhone maker warned of lower sales in the current quarter acknowledging that the coronavirus outbreak was pressuring its supply chain. The drop in Apple’s stock is set to wipe nearly $30 billion off … Read more Coronavirus threatens Apple supply chain, sales; shares drop

Buy EIH Ltd For Target Rs.175 – ICICI Direct

Decline contained; maintain BUY EIH Ltd surprised positively in Q3FY20 beating our estimates on all fronts. Revenues for the quarter declined 5% YoY to | 422 crore (vs. I-direct estimate of | 395 crore). The decline is mainly attributable to loss of business in flight catering on account of grounding of Jet Airways. However, the … Read more Buy EIH Ltd For Target Rs.175 – ICICI Direct

Messi, Hamilton share Laureus Sportsman Award in first ever tie

Star footballer Lionel Messi and dominant F1 driver Lewis Hamilton have been declared as joint winners of the prestigious Laureus World Sportsman of the Year Award. Six-time Formula One world champion Hamilton and six-time FIFA World Player of the Year Messi were so close in terms of their achievements in 2019 that even the ultimate … Read more Messi, Hamilton share Laureus Sportsman Award in first ever tie

Agri Picks Daily Technical Report 17 February 2020 – Geojit Financial

Spices * Jeera NCDEX March futures on NCDEX jumped more than three per cent on Friday, moving away from the four year lows. However, the broad underlying sentiments stayed feeble on expectation of bumper crop this rabi season and favourable weather. * According to the first estimate for the rabi crop in Gujarat, jeera production … Read more Agri Picks Daily Technical Report 17 February 2020 – Geojit Financial

The Nifty corrected sharply on Friday to erase major chunk of weekly gains – Angel Broking

Sensex (41258) / Nifty (12113) Barring couple of days, it was clearly a challenging week for our markets; in fact for all markets across the globe. In the previous week, things looked in control with respect to ‘coronavirus’ but all of a sudden this mid-week, the aberration was seen in numbers that certainly spooked market … Read more The Nifty corrected sharply on Friday to erase major chunk of weekly gains – Angel Broking

Buy TCI Express Ltd For Target Rs.1,034- ICICI Securities

Margins continue to improve TCI Express’ Q3FY20 print was higher than expected. While topline was in-line, margins surprised. Gross margin increased 313bps YoY to 29.4%, which led to EBITDA margin reaching 12.8% (est/Q3FY19 at 11.8%). PAT came in at Rs255mn with margins of 9.5% (est Rs235mn and 7.1% margin). The company declared a second interim … Read more Buy TCI Express Ltd For Target Rs.1,034- ICICI Securities

Janet Jackson recalls fun of growing up with exotic animals

Singer Janet Jackson once had an array of exotic animals for pets, including a giraffe. She looked back at the impressive pet animals she had growing up during a sit down with “The Tonight Show Starring Jimmy Fallon”, recalling the fun she had with them as a kid, reports aceshowbiz.com. “We had so many animals … Read more Janet Jackson recalls fun of growing up with exotic animals

Jaiprakash Associates posts Q3 net loss of Rs 264.82 cr

The company reported standalone net loss during the quarter stood at Rs 264.82 crore as compared to net loss of Rs 97.75 crore in the previous year quarter. Net revenue of the company declined moderately by 19.29 per cent at Rs 1,224.58 crore in October-December quarter of this fiscal as against Rs 1,517.35 crore in … Read more Jaiprakash Associates posts Q3 net loss of Rs 264.82 cr