We maintain BUY on KNR Constructions with revised TP of Rs 279/sh (12x Mar-22E EPS). KNR delivered another strong quarter beating our earnings estim..
Momentum Pick - Buy DLF Ltd For Target Rs. 167 - HDFC Securities
* After showing a minor declines/sideways consolidation, the stock price ha..
Indian house prices will fall for the first time in at least a decade this year and next as the coronavirus pandemic leads to mass job losses and hammers demand and the e..
Momentum Pick - Buy Ashoka Buildcon Ltd For Target Rs. 66.50 - HDFC Securities
* After showing a minor declines/sideways consolidation, the ..
Real estate continues to be a preferred asset class for investors amid the uncertainty emerging out of thepandemic, according to a report by National Real Estate Developm..
Developers are unlikely to take up major cuts in property prices although the market is going through a slowdown amid the pandemic, as prices have already bottomed out, a..
* KNR Constructions (KNR) reported decent set of numbers during Q4 FY20 with standalone revenue de‐grew by mere ~6% despite COVID related execution shutd..
Long road to recovery
We downgrade PSP Projects to REDUCE with a TP of Rs 370/sh (10x Mar-22E EPS). PSP recovered 40% post low of Rs 273/sh in March, in-line with our ..
Well placed to ride headwinds
DLF Ltd (DLF) reported better than expected Rev/EBIDTA/APAT 24/37/45% beat. One time DTA reversals on new ETR migration of Rs 19.2bn and ..
Inline performance, recovery awaited
Larsen & Toubro Ltd (LT) reported 5/8/4% miss in 4QFY20 Rev/EBIDTA/APAT. COVID-19 disruptions led to LT missing Rs 17.5bn of r..
Malls: Waiting with bated breath
Malls across Indian cities have now seen a temporary closure of around two months since mid-March 2020 owing to concerns over COVID-19..
* PSP Projects delivered robust topline performance during Q4 FY20 with standalone revenues growing 35% yoy to Rs.4.6 bn. The growth was strong despite the ..
Accelya Solutions In Q4 net profit up 32.35% at Rs 24.71 cr
US dollar rises after Fed policy meeting
Rupee rises by 12 paise to Rs 69.05 against dollar
Headwinds recede for Tata Motors, but it is not out of the woods just yet
Infosys signs agreement with U.S. IRS; sees lower tax rate
Telecom Industry returning to healthy monetization; tariff hike needed across players: MOFSL
Namrata shares lockdown diaries with her `two big boys`
Jason Momoa to voice Frosty the Snowman
Technical Quote On Today`s Market Performance 2 July 2020 by Mr. Nagaraj Shetti, HDFC Securities
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