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Asian Paints falls 2% on growth worries; Goldman Sachs downgrades stock

Asian Paints share price was down almost 3 percent intraday on May 12, hitting a 7-week low. Global research firm Goldman Sachs also downgraded the stock to sell with a target at Rs 1,111 per share.The stock has fallen over 17 percent in the last 15 days and was quoting at Rs 1,536.50, down Rs 32.75, or 2.09 percent, at 11:00 hours on May 12.According to the research firm, there are significant risks to sales growth...

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Maruti shares fall 4% despite operations resuming at Manesar plant; brokerages expect fall in Q4 profit

Maruti Suzuki share price fell over 4 percent in the morning trade on May 12 as the auto major restarted its manufacturing operations at its Manesar plant. The company after almost 2 months of lockdown has been allowed to start with one shift and manpower permission of up to 75 percent.The stock price has been under pressure and has fallen over 32 percent in the last 3 months. It was quoting at Rs 4,715.50, down Rs...

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Godrej Properties share price declines post Q4 nos; brokerages maintain buy

Godrej Properties share price declined over 1 percent in the early trade on May 12 after the company announced its Q4 numbers on Monday.The company has reported a 35.5 percent year-on-year decline in consolidated profit at Rs 101.08 crore for the quarter ended March 2020 against profit of Rs 156.66 crore in the same quarter last year.However, revenue from operations increased 10.4 percent year-on-year to Rs 1,163.05...

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AMFI April data: Credit risk funds bleed; fund managers blame it on redemption pressure

Credit risk funds category continued to suffer in the month of April as well as it felt the impact of Franklin Templeton India closing its six debt schemes.This led to the panic in the market and has costed the industry with a total net outflow of Rs 19,239 from the credit risk fund category, according to the data from the Association of Mutual Funds in India (AMFI).In comparison, the outflows from these funds stood...

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33 PMS schemes outperform Nifty in April amid COVID-19 gloom; pharma fund tops the list

After a horrid March, the month of April felt like a breath of fresh air as both Sensex and Nifty50 rallied over 14 percent in April. Over 30 Portfolio Management Schemes (PMS) outperformed the index in the same period.Indian market saw a relief rally as central bankers across the globe eased their monetary policies and governments announced fiscal stimulus packages ranging from 0.3 percent to 20 percent of GDP.Expe...

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