Wed, Jan 20, 2021 9:00 PM
IDFC Bank may show Q3 Net Profit of Rs. 135.6 cr: ICICI Direct
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Shares of Tata Power Company Ltd. were trading with losses after foreign brokerage firm HSBC downgraded the stock to 'Reduce' but raised its target price to ₹300 per share. This suggests a further downside of 28% from the stock's closing level on Thursday. The global broking firm said that Tata Power's fourth quarter earnings have missed consensus estimates but exceptional other income have.
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The value of the promoter pledged holding decreased marginally to 1.10% in the March quarter with the companies like Bharat Forge, Lemon Tree Hotels & Tata Communications releasing their entire pledged holdings.According to a report by Kotak Institutional Equities, the pledged holdings of BSE-500 stocks shows that the value of the promoter pledged holding as a percentage of the promoter holdings.
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The recent rebound in Chinese stocks has come despite worsening fundamentals, while India is delivering solid profits, Citigroup Inc. strategists wrote, downgrading China and upgrading India in emerging market allocation.“China’s recent rally has occurred despite weakening fundamentals; we downgrade to neutral,” strategists including David Groman and Beata Manthey wrote.
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