Double whammy of rising bond yields, Iran-Israel conflict pulls market down
The equity benchmarks continued to trade lower on April 16 afternoon as rising bond yields and Israel's vow to respond to Iran's attack fanned worries about a widening conflict. Broader markets, however, outperformed the Sensex and the Nifty as volatility cooled off marginally.
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Axis Capital initiates buy rating on RIL
Axis Capital has initiated a "buy" rating on Reliance Industries Ltd and raised its target price by 20 percent to 3,514 per share on robust earnings growth, positive cash flows, and expanding return on invested capital.Axis Capital also expects significant growth in the services business. It anticipates a rebound in the petrochemical cycle and robust refining margins for the O2C segment.
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Stocks on investors’ watchlist based on BJP manifesto
The BJP's election manifesto, termed 'Sankalp Patra' has captured the attention of stock market participants who are assessing possible spaces that could be on the radar over next few months.
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Net profit may remain flat QoQ as weak discretionary spend hits revenue
Infosys Ltd.'s Q4 earnings will likely be marred by continued weak discretionary spending in the US, with revenue falling and net profit little changed quarter-on-quarter. The Street expects the operating margin to expand moderately as cost optimisation continues under Project Maximus.
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