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Thursday, April 23, 2020

4 thumb rules to avoid the financial ICU

THE ECONOMIC TIMES
Fri, Apr 24, 2020 | 08:10 AM IST

ET Investment Opportunities

4 thumb rules to avoid the financial ICU

Calendar 2020 has made almost all Indian investors look like really sick patients.

South Indian realtor finds way to defy Covid crisis; stock pops up

Analysts, who are cautious on the sector's prospects, have since turned positive on stock.

Financials best beta shot whenever the market goes down: Patodia

This time, clients have shown immense maturity, across segments, says Associate Director -- Fund Manager, Motilal Oswal AMC.

Cheaper stock prices do not mean they can't fall further: Bharat Shah

Market will readjust behaviour when it has more insights on the virus, says ED, ASK Group.

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Top Mutual Funds
SCHEME NAME RATING 1 M(%) 6 M(%) 1 YR(%) 3 YRS(%)
Axis Bluechip Fund Direct Plan-Growth 16.37 -11.60 -2.17 10.17
Axis Bluechip Fund-Growth 16.18 -12.11 -3.37 8.71
Canara Robeco Bluechip Equity Fund Direct-Growth 21.02 -10.43 -3.96 6.44
Canara Robeco Bluechip Equity Fund Regular-Growth 20.92 -10.99 -5.14 5.21
JM Large Cap Fund Direct Plan-Growth 6.88 -6.79 -5.50 3.21
Economic Times Biz Listings
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Stocks Kacholia, Dolly Khanna, Goel & others bought-sold in Q4

Ashish Kacholia was seen adding shares in a number of his portfolio stocks.

History repeating itself! Stocks that dodged selloffs are shinning more

Since 2006, there have been 18 instances when the market has corrected in excess of 10 per cent.

Stock up on gold and silver before the virus crisis is over: Jim Rogers

Things that are crushed right now like tourism, transportation and hotels will recover and do well, says the Chairman of Rogers Holdings.

Will India's GDP and earnings estimates see further downgrades?

Earnings estimates for FY2021-22 have already seen sharp cuts in recent weeks.

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7 point guide to choose a Term Insurance based on Claim Settlement records

Insurance one of our favourite picks, avoid NBFCs: Raychaudhuri

The asset quality of insurance companies is significantly better than in larger NBFCs, says MD & Head of Indian Equity, BNP Paribas.

Midcaps top 5 MF houses sold & picked up in March mayhem

MFs were seen dumping PSU banks and popular names such as YES Bank and SpiceJet.

Real Estate News
RBI's additional liquidity measures to provide relief to real estate RBI's additional liquidity measures to provide relief to real estate
RBI's decision to reduce reverse repo rate by 25 basis point and additional liquidity for NHB will also accelerate and facilitate bank credit flows towards to the beleaguered sector in the wake of Covid19 crisis.
Importance of owning a house in the aftermath of Covid-19 Importance of owning a house in the aftermath of Covid-19
With home loan rates at the lowest in almost two decades, this is the best time to buy.
Office space leasing down in Q1 as cos put decisions on hold Office space leasing down in Q1 as cos put decisions on hold
The net absorption during the quarter stood at 7.40 million sq ft, down 22.6% on a quarterly basis and 36.5% lower on a yearly basis as transaction slippages impacted the leasing momentum towards the end of the quarter.
Centre will take a call on realtors' demand in a week Centre will take a call on realtors' demand in a week
National Real Estate Development Council (Naredco) has put forth these demands to the housing ministry at a time when Covid-19 has dealt yet another body blow to the residential real estate market with project delays.
Why owning a home is imperative during uncertainties? Why owning a home is imperative during uncertainties?
NFO - Non FMPs
Fund Name Category Type Open Close Min Inv
 
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Views and Recommendations
Stock Ideas: Emkay Global has buy rating on Reliance, target Rs 1,500
23 April, 2020, 01:42 PM IST
Mostly due to Jio, the blended EV/EBITDA multiple has been raised from 7.5 times to 8.3 times and net debt reduced.
Buy
Buy TCNS Clothing, target price Rs 480: ICICI Direct
23 April, 2020, 01:14 PM IST
A sharp recovery is expected in FY22E with revenue and EBITDA growth of 16 per cent and 31 per cent translating into revenue and EBITDA CAGR of 9 per cent and 14 per cent, respectively, in FY20-22E.
Buy
Buy Infosys, target price Rs 750: ICICI Direct
23 April, 2020, 12:53 PM IST
The company has shown a visible improvement in performance since the change in management.
Buy
Hold Himadri Speciality Chemical, target price Rs 50: ICICI Direct
23 April, 2020, 12:47 PM IST
With a decline in margin profile, the return ratios matrix was reduced to ~10 per cent RoE, which significantly limits the brokerage's ability to assign a higher valuation multiple to HSCL.
Hold
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Lockdown, Day 30: Rising cases, falling growth

CORONAVIRUS UPDATES

23 Apr, 2020 | 06:04 PM IST


Lockdown, Day 30: Rising cases, falling growth

Locked-down India may be in its worst quarter since the mid-1990s. Fitch today slashed growth projections to 0.8% in the current 2020-21 fiscal, highlighting the hefty cost of shutting the country down for 40 days.

As India completes a month under lockdown, the country reported 21,700 cases, with 1400 cases being added in the last 24 hours. Testing in the country has gone up 33 times in the last 30 days, the govt said today.

Track the latest developments here...



COUNT SO FAR
    Rajasthan reports 47 new cases; state tally nears 2,000
    Assam case count rises to 35
    Bihar reports 4 more cases; state tally climbs to 147
    6 new cases confirmed in Karnataka; nine in Bengaluru Urban
    Maharashtra reports 431 new cases; state tally now 5,649
    Haryana case count rises to 270
    80 new cases take AP tally to 893; death toll 27
    Indore's death toll rises to 53
    12 new cases in Kanpur
World India
Tally Toll Tally Toll
26,39,243 1,83,820 21,700 686

BUSINESS & ECONOMY
    India's GDP growth likely to range up to 1.5% in FY21: CII
    Sensex ends 484 pts higher, Nifty tops 9,300
    Rupee surges by 62 paise to settle at 76.06
    Remittances to India could decline by 23% in 2020
    Reliance cuts crude processing at Jamnagar SEZ refinery by 24 per cent
    S&P Global lowers ratings on Future Retail to CCC-
    Govt freezes dearness allowance of staff at current levels
    Sebi cuts time gap on capital raising after buyback to 6 months from 1 year
    Sebi extends deadline to apply for senior level executive roles
    IndiGo rolls back pay cut in April salary of staff
    Housing sales falls 26% in Jan-Mar in 9 top cities

BACK TO WORK
    Tuticorin Alkali Chemicals' plant resumes production
    70% Highway projects resume
    Zuari Agro Chemicals resumes operations in Goa plant
    Lockdown norms partially relaxed in Karnataka
    Triveni Turbine Ltd partially resumes operations in Bengaluru
    Pricol reopens Uttarakhand plant

WORLD ECONOMY
    Fitch sees global economy shrinking 3.9% in 2020
    Japan's services sector shrinks at record pace in April
    South Korean economy shrinks 1.4%
    Trump suspends immigration into US
    Virus triggers record losses for Swiss central bank
    Thailand's March foreign tourist arrivals tumble 76.4% y/y

GLOBAL TALLY
    US sees 1,738 new deaths in 24 hours
    Italy's death toll exceed 25,000
    China's asymptomatic cases top 980
    Germany case count up by 2,352 to 148,046
    Mexico cases top 10,000
    Cases in Pak rises to 10,513; 224 deaths
    Spain's number of coronavirus cases rise to 213,024

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    The monopoly fears triggered by Jio-Facebook deal are too real to ignore. Agree? Tell us here