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Budget 2021
Anil Singhvi’s Strategy February 1: Stocks for Investment are General & Life Insurance Companies, Pharma & API companies; Accumulate ITC, L&T, BSE, DLF
Mon, Feb 01, 2021
Amid negative global markets, foreign institutional investors (FIIs), positive domestic institutional investors (DIIs), futures & options (F&O) and cautious sentiment cues, the short-term trend of the Indian stock markets will be neutral on Monday, February 1, 2021
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Tata Motors share price: ICICI Securities raise target price to Rs 325
Mon, Feb 01, 2021
Tata Motors Q3 FY21 operational performance beat consensus estimates with consolidated EBITDA margins at 14.8% (up 444 bps YoY); driven by strong performance across domestic PV/CV and JLR. Tata Motors Management remains focussed on FCF generation (Q3: Rs 79 bn) and thereby aiding net debt reduction (QoQ: Rs 68 bn).
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DLF share price: Investors' alert! Well poised for growth says ICICI Securities
Mon, Feb 01, 2021
DLF achieved strong operational improvement in Q3 FY21 across segments with Rs 10.2bn of net residential sales bookings and 14% QoQ increase in DCCDL rental income to Rs 8.2 bn on account of recovery in mall rentals. DLF’s net debt (ex-DCCDL) declined marginally by Rs 1.2 bn QoQ to Rs 51 bn on account of reduction in overheads and interest costs. DLF is comfortably positioned with Rs 13 bn of cash reserves and low net D/E of 0.2x.
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Budget 2021 Stock Picks: Simi Bhaumik recommends Tata Motors, ICICI Bank shares today for great returns
Mon, Feb 01, 2021
Budget 2021 Stock Picks: While the Union Budget 2021 is just a few hours away, stock market investors and jobbers are jittery as to which way the market will go post-budget presentation.
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Budget 2021: Catch complete coverage with Market Guru Anil Singhvi from 8 am onwards
Mon, Feb 01, 2021
Budget 2021 is just a few hours away from being presented in Parliament and the final touches on the complete pre-budget analysis is already done by Zee Business Managing Editor Anil Singhvi. The Market Guru will also give a complete post-budget analysis. The Market Guru has done all the groundwork for viewers. Catch him live at 8 am today. (#BudgetonZee)
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Budget 2021 impact on Stock Markets: Sensex rises over 2300 points, NSE Nifty above 14,000 levels, Bank Nifty near lifetime high
Mon, Feb 01, 2021
Budget 2021 impact on Stock Markets LIVE UPDATES: Whenever there is Budget presentation, speech by Finance Minister, its impact can be clearly seen in the bull and bear run in stock markets.
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Budget 2021 aiming to revive economy despite limited fiscal headroom
Mon, Feb 01, 2021
Finance minister is likely to announce measures including a hike in infrastructure spending and tax cuts to boost the pandemic-hit economy when she presents the annual budget later on Monday, while deferring debt cut plans.
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Bharat Electronics (BEL) Share price: Sharekhan retains Buy rating with price target of Rs 152
Mon, Feb 01, 2021
Sharekhan has retained a Buy rating on Bharat Electronics (BEL) with an unchanged price target of Rs 152. Bharat Electronics Limited (BEL) reported an operationally strong quarter leading to higher net profit yoy, revenues were flat yoy although lower than estimates. Consolidated revenues came at Rs 2320 crore, which remained flat yoy (lower than estimates) on the back of lower execution (earlier, in H1, emergency execution of ventilator orders drove up revenues).
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HDFC Life share price: HSBC arrives at a target price of Rs 630
Mon, Feb 01, 2021
HDFC Life delivered an 18% yoy increase in annual premium equivalent (APE) and a 180bp rise in the new business value (NBV) margin leading to a 27% rise in NBV. APE and NBV were 3% and 4% above our expectation, respectively in Q3 FY21. The share of protection APE fell 345bp to 13.3% 3QFY21. APE grew due to 19% yoy growth in individual APE and a 36% yoy rise in group savings.
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KEI Industries - Rising retail share, leaner balance sheet to drive re-rating; Buy says Anand Rathi with price target of Rs 586
Mon, Feb 01, 2021
KEI Industries, with its revenue falling 12% yoy, 11%, EBITDA margin, Q3 was a mixed bag for KEI. Continued traction in retail/EHV cables (up 11%/15% y/y) was negated by EPC, down 33% (intentionally), and by exports (high base due to the Dangote order). Net debt shrank to Rs.5.3 bn (Rs.9.2 bn at end-Mar’20). B2B is expected to revive on the Union budget’s infra focus while the better mix/cost-savings would support high margins (11%), says management of KEI Industries.
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UPL Share price: Sharekhan maintains a Buy rating with price target of Rs 632
Mon, Feb 01, 2021
UPL reported weaker than expected growth revenue growth of 2.6% yoy (vs expectation of 8.2% growth) to Rs 9126 cr due to a sharp fall of 8.4% yoy in revenues from Latin America due to a negative forex impact and a delayed agricultural season. Overall, volume growth of 7% yoy and pricing improved by 1% (first quarter of positive price movement since Q1 FY21) partially offset a 5% negative forex impact (currency devaluation in Latin American countries).
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Exide industries share price: Sharekhan maintains buy rating with price target of Rs 229
Mon, Feb 01, 2021
Exide Industries reported results in line with our expectations, driven by strong traction in the aftermarket recovery in OEM growth and margin expansion. Net revenue of the standalone business grew by 16.2% yoy at Rs 2801 cr, led by a strong demand in the replacement market and recovery in demand from OEMs after Covid-19 pandemic. As per the management, the demand sentiments are strong for both Automotive and UPS batteries.
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Modi government will present 9th budget 2021 after Corona period, know what will be special?
Sun, Jan 31, 2021
The budget is going to be announced after Corona. Last year, the Modi government presented eight budgets. Tomorrow the Modi government will present the 9th budget. In such a situation, a special announcement is expected in tomorrow's budget.
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Economic growth more effective at poverty alleviation than inequality, says Economic Survey
Sun, Jan 31, 2021
India suffered its biggest blow in at least four decades following lockdown amid Covid 19 pandemic. Its GDP growth rate hit its lowest in the Apr-Jun quarter at 23.9 per cent raising concerns over the further increase in inequality of income.
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FM Nirmala Sitharaman's 'Economic Vaccine' coming on Monday; Will Budget 2021-22 go beyond 'bahi-khata'?
Sun, Jan 31, 2021
Budget 2021 expectations: Finance Minister Nirmala Sitharaman on Monday will deliver her promised budget like no other that is expected to provide relief to the pandemic-hit common man as well as focus more on driving the economic recovery through higher spending on healthcare, infrastructure and defence amid rising tensions with neighbours.
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